{"id":34145,"date":"2018-04-27T14:35:00","date_gmt":"2018-04-27T06:35:00","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=34145"},"modified":"2021-08-12T12:25:51","modified_gmt":"2021-08-12T04:25:51","slug":"report-ge14-handouts-boost-retail-sector","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/report-ge14-handouts-boost-retail-sector","title":{"rendered":"Report: GE14 Handouts To Boost Retail Sector"},"content":{"rendered":"<p>As the 14<sup>th<\/sup> general election draws near, many are expecting a near-term boost in spending due to a slew of monetary goodies announced by the caretaker government.<\/p>\n<p>According to business daily <em>The Edge<\/em>, these perk could see a pickup in activities during the polling season, effectively boosting a sluggish retail sector.<\/p>\n<p>\u201cOver the past two weeks and up until May 9, people will be spending more,\u201d Tan Hai Hsin, managing director of Retail Group Malaysia, told <em>The Edge. <\/em><\/p>\n<p>For example, caretaker prime minister Datuk Seri Najib Razak on April 15 announced a free RM800 fuel card for some 67,000 taxi drivers.<\/p>\n<p>Tan Sri William Cheng, president of the Malaysia Retailers Association (MRA) and chairman of Parkson Holdings Bhd, told <em>The Edge<\/em> that the increase in political and social activities throughout the election season will also lift consumer spending.<\/p>\n<p><em><a href=\"http:\/\/www.theedgemarkets.com\/article\/ge14-handouts-boost-retail-sector\" target=\"_blank\" rel=\"noopener noreferrer\">[Source]<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spend, spend, spend. <\/p>\n","protected":false},"author":1,"featured_media":34147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216],"tags":[],"class_list":["post-34145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Report: GE14 handouts to boost retail sector<\/title>\n<meta name=\"description\" content=\"The retail sector will get few boosters during this pre-GE14 as announced by the caretaker government. 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