Kuala Lumpur (VNA) – The Malaysian government has allowed traders to hold unlimited cheap sales in a bid to fuel consumer spending, thereby boosting the country's economy amid the COVID-19 pandemic. According to the New Straits Times, traders in Malaysia were previously allowed to organise cheap sales four times a year, thrice stipulated by the government and another period and date chosen by business operators. The government’s new initiative now enables them to hold unlimited cheap sales without quotas. Professor Dr Yeah Kim Leng from the Sunway University Business School of Economics said such a move could spur growth and improve the country's economy, noting that the normalisation of consumer spending is crucial to the country's sustained economic recovery. It is especially important during the current COVID-19-induced downturn in reviving the domestic economy, especially in the affected industries such as hospitality, restaurant, food, retail and tourism that … [Read more...] about Malaysia promotes cheap sales to spur economic growth
