Malaysia: Retail Foods Annual
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 effective April 1, 2015. This is in line with GDP growth of 4 percent projected by GOM. U.S. fresh fruit, fresh and frozen potatoes, dairy products, snack foods (including nuts), prepared grocery products and pet food have good prospects. Online-line retail purchases are gaining ground and major retailers have bought into e-Commerce.
