Chen: The retail market is still affected by the imposition of the goods and services tax. Given that household debt against the GDP is still relatively high, at about 85, this will impact the discretionary spending ability of consumers.
PETALING JAYA: The retail sector is entering a consolidation phase with retailers re-strategising in order to adapt to new challenges, the Association of Complexes Management Malaysia said.
Also known as Persatuan Pengurusan Kompleks Malaysia, its president Tan Sri Eddy Chen said the recent revision of the Overnight Policy Rate by 25 basis point is decidedly a negative for the industry.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
