Malaysia's consumer spending to begin recovery in 2022, says Fitch
KUALA LUMPUR (Oct 21): Fitch Solutions Country Risk & Industry Research has forecast household spending in Malaysia to grow by a real rate of 5.
Malaysia’s 2020 domestic tourism spending plunges for first time in 13 years — DOSM
KUALA LUMPUR (June 30): Malaysia’s domestic tourism spending plunged 60.
China Singles' Day records over RM232b sales within 30 minutes
BEIJING (Nov 11): Alibaba Group kicked off the world’s biggest shopping binge on Wednesday midnight, achieving a record sales of 372.
Report: MCO impacts household spending
KUALA LUMPUR (April 8): The Movement Control Order (MCO) to combat the COVID-19 outbreak has impacted the country’s household spending patterns, recording a decrease of RM3,504 or 55%, reported The Malaysian Reserve (TMR) based on figures by the Department of Statistics Malaysia (DoSM).
COVID-19 test kits not fake, but pending MoH approval, says MyEG
KUALA LUMPUR (March 18): My EG Services Bhd (MyEG) has clarified that its COVID-19 rapid test kits do exist, and is currently awaiting approval from the local authorities and certification from the Ministry of Health (MoH).
Malaysia GDP growth slows to 4.4% in 3Q vs 4.9% in 2Q
KUALA LUMPUR (Nov 15): Malaysia's economic growth, as measured by gross domestic product, moderated to 4.
Consumer spending to wither from 4Q
KUALA LUMPUR (Sept 18): Consumer spending — which accelerated during the tax holiday period from June to September that saw a mad rush for automotive purchases — is expected to decline from the fourth quarter (4Q18) onwards following the implementation of the sales and service tax (SST) on Sept 1, say economists.
Knight Frank Malaysia: Retail industry being held back by consumers’ weak sentiments
PETALING JAYA (Aug 11): Consumer spending remains a key challenge in the Malaysian retail industry with many continuing to hold back on purchases due to growing concerns on the rising cost of living and weaker job prospects, said property consultancy firm Knight Frank Malaysia in its Real Estates Insights research report for 1H2016.
