KUALA LUMPUR, April 8 — The Malaysia retail industry can look forward to a strong recovery this year as the country is now in the transition to the endemic phase, said Transport Minister Datuk Seri Wee Ka Siong.
“With the borders reopening and the gradual revival of more economic sectors, the Transport Ministry will continue to ensure the smooth operation of our ports, the logistics industry and other transport-related services as they all play an essential role in making sure supply chains run without any disruption.
Malaysia’s retail industry recorded a year-on-year growth of 26.5 per cent for the fourth quarter of 2021, which was far above market projection of 18.3 per cent in November 2021 after the relaxation of restrictions took place in October 2021, Wee said based on the Malaysia Retail Industry Report released in March 2022.