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Byline: Kamarul Yunus
SHOPPING mall operators and retailers expect their businesses to increase up to 15 and 6 per cent respectively next year, buoyed by tax-free incentive on 300 imported goods announced in the 2011 Budget.
The Malaysian Association for Shopping and Highrise Complex Management (PPK) president H.C. Chan said its members are confident that the shopping industry will register double-digit growth by next year.
"Members previously felt the industry would register single-digit growth. With the tax abolishment, they expect double-digit expansion. The industry is looking at between 10 and 15 per cent growth for next year.
"They hope that …