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Malaysia’s retail sector is forecast to grow at 3 percent due to cautious consumer spending, increased subsidy rationalization and effects from the introduction of a goods and services tax....

Malaysia’s retail sector is forecast to grow at three percent due to cautious consumer spending, increased subsidy rationalization and introduction of a new goods and services tax.

With per capita income of over $9,152 and a middle and upper class making up 50 percent of the population, Malaysia shows good potential for growth as a market for high value consumer products.