PETALING JAYA: A retail research firm has urged the government to release more details about the luxury goods tax so businesses can make the necessary preparations.
THE retail sector, with sales growth expected at 13.1% this year after falling 2.3% in 2021, is expected to stay buoyant for the time being, amidst risks of high inflation, interest rate hikes and possible global recession.
KUALA LUMPUR, May 18 The purchasing power of Malaysians is expected to remain positive, which could lead to a strong recovery in the retail industry in 2022 with a projected 6.3 per cent growth for the year versus a 2.3 per cent contraction in 2021, said Retail Group Malaysia (RGM). “The.
PETALING JAYA (May 18): Independent retail research firm Retail Group Malaysia (RGM) said the Covid-19 pandemic has accelerated the digital transformation for retailers in Malaysia and their performance is also not trade-specific reliant, but company-specific.