16 Dec '15, 11am

Retail sector hit as Malaysians cut spending to cope with rising prices: by Ida LimThe Malay Mail OnlineDecemb...

by Ida Lim The Malay Mail Online December 14, 2015 KUALA LUMPUR, Dec 14 — Retail outlets here are reporting a drop in business as Malaysians cut spending to cope with the rising cost of living. For many of those who spoke to Malay Mail Online about their lifestyle changes, cutting out unnecessary purchases and making prudent spending choices are the order of the day. Fadzilla Hernani, 29, a post-graduate student whose monthly household spending has gone up by around 20 per cent after the introduction of the Goods and Services Tax (GST), said she has switched to hypermarkets’ house brands to get non-food items of equal quality at a cheaper price. “Milk has no price controls, I choose the cheapest (baby) milk powder. Last time, I chose Anmum, but now it has increased by RM5, RM6, one week one box is RM60, but because it is expensive, I am forced to find a cheaper brand… Dutc...

Full article: http://blog.limkitsiang.com/2015/12/16/retail-sector-hit-...

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Bright

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