UOB Malaysia survey shows Malaysians to spend 9% more this CNY


UOB Malaysia economist Julia Goh said the market has responded relatively well to Malaysia

KUALA LUMPUR: Malaysians are willing to fork out 9% more to usher in the Year of the Cockrel based on the annual United Overseas Bank (Malaysia) Bhd Chinese New Year (CNY) survey.

It said on Friday that of their average budget of RM4,201 for the CNY festivities, (which is an increase from RM3,846 in 2016, the respondents said they would set aside RM1,008 to food, an increase of 14% over 2016.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

No impact on TNB from ICPT implementation
Tuju Setia’s order book hits RM2bil with RM389mil Milla Residence contract
FBM KLCI edges higher at midday, banking stocks lead
Airbus, Rolls-Royce step in to resolve Malaysia Airlines' grounded A330neo
Jeff Bezos says most people should take more risks. Here’s the science that proves he’s right
Brace! Risks stack up for the global economy in 2025
Malaysia continues to lead regional data centre index
IFC, consortium commit over US$900mil in financing to data centre in Malaysia
Foreign investors offload RM1.07bil on Bursa Malaysia for ninth week running
Bursa Malaysia confirms CEO succession process amid speculation

Others Also Read