Weaker Shopping Data Expected Due To Cost Of Living Crisis

Tan Hai Hsin, Managing Director, Malaysian Retail Group

06-Dec-23 07:30

Weaker Shopping Data Expected Due To Cost Of Living Crisis

Pause
Embed

Shopping traffic has returned back to pre-Covid levels. Lines are forming outside popular stores but their purchasing power is weakened by the cost of living crisis. The Retail Group Malaysia has lowered its retail sales growth rate estimate for the fourth quarter of 2023 to 2.1%. This is down from the 3% the group had estimated back in September. Tan Hai Hsin, Managing Director of Retail Group Malaysia shares with us his views about the retail sector.

Image credit: Shutterstock.com

Produced by: Chin Wai Lun

Presented by: Wong Shou Ning, Keith Kam, Anwar Mahbob

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: economy, Corporates

Tags: retail group malaysia, malaysia third quarter results,

Today’s Shows

6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Kingsley Jones of Jevons Global tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Prof. Donald Leslie Baker of the University of British Columbia discusses South Korea’s future after President Yoon Suk-Yeol's impeachment and the upcoming snap election in June.

7:45 AM

Morning Brief

Adrian Lasimbang of Pertubuhan Suara Anak Sabah shares his insights on the planned Sabah rural economic initiative.

8:00 AM

The Breakfast Grille

Brandon Lim, Executive Director of Lim Seong Hai Capital Bhd discusses the company's operations and its transfer to the ACE Market.

8:30 AM

Morning Brief

Andrew Chan, Director of the Malaysia Semiconductor Industry Association discusses how the new US tariffs might affect local players.

8:45 AM

Morning Brief

(REPEAT) We dive into the local and international news that matters to you.

9:00 AM

Opening Bell

(REPEAT) Kingsley Jones of Jevons Global tells us where international markets are heading.

9:15 AM

Opening Bell

(REPEAT) We take a look at the FBM KLCI as well as regional capital markets.

9:35 AM

Pinnacle Perspectives

Jayant Menon of ISEAS discusses the impact of President Trump's 24% tariff on Malaysia and its effect on global trade and investment strategies.

10:05 AM

Open For Business

Xtractify: Automatically Acquire Customers Via WhatsApp?

11:05 AM

P&L

Risk and Return: What Entrepreneurs Can Learn from Fund Managers

12:00 PM

Enterprise Explores

The Tourism Value of Pickleball? MATTA’s Grand Slam

1:00 PM

The Breakfast Grille Repeat

Lim Ding Shyong, Executive Director, Lim Seong Hai Capital Berhad

2:05 PM

Discovery Hour

An eclectic selection of BBC shows, curated with variety in mind.

3:05 PM

Earth Matters

When Professor Darryl Jones moved to Malaysia, his daily birdwatching walks in Bukit Kiara soon evolved into a detailed survey and collaboration with Friends of Bukit Kiara. We speak to him about his work, and the urgent need to protect this urban forest.

4:05 PM

Health & Living

Every 2 minutes, one woman dies in pregnancy or childbirth. Every 7 seconds, a newborn baby dies. This World Health Day, we ask why this is still happening.

5:00 PM

Top 5 at 5

6:00 PM

Today I Learned

7:00 PM

Just For Kicks

8:00 PM

A Bit of Culture

PROGRAMMES