KUALA LUMPUR: The rain of monetary goodies announced by the caretaker government in the run-up to the 14th general election (GE14) — expected to be the most heated the country has seen — and a pickup in activities this polling season could give the sluggish retail sector a much needed boost.
In fact, the industry is expecting a near-term boost ahead of GE14.
“Over the past two weeks and up until May 9, people will be spending more,” said Tan Hai Hsin, managing director of Retail Group Malaysia.
How can Lime differentiate its scooters and bikes from the piles of Birds and Spins filling Los Angeles sidewalks? Apparently with a physical storefront where it can convince customers of the wonders of on-demand mobility. According to a job listing from Lime seeking a “Retail Store Manager,” the startup plans to open a “lifestyle brand […]
KUALA LUMPUR (Oct 23): The FBM KLCI sank 24.87 points or 1.44% today to close below the 1,700-point psychological level for the first time since July 11.
The benchmark index had opened the day at 1,721.50 and rose to 1,721.91 before retreating thereafter to close at its intra-day low of 1,697.60.
The KLCI has declined for 13 days out of the 17 trading days in October thus far, for a fall of nearly 100 points from its closing of 1,791.10 on Sept 28.