More and More Malls in Penang
By Che Afandy Che Yusof, Lim Wei Seong, Teoh Ai Ping
March 2012 UTTER ECONOMICS
The number of shopping malls, supermarkets and departmental stores in Malaysia has been growing greatly over the last decade. Yet the 2011 AT Kearney’s Global Retail Development Index ranked the Malaysian retail sector in 21st position among 30 emerging economies, a steady drop from 17th in 2010, 10th in 2009, and 8th in 2008. What can this mean?Penang’s retail landscapeIn recent years, shopping malls, hypermarkets and departmental stores have been rapidly growing on both the island and the mainland to...
Che Afandy Che Yusof
is a research officer under the Economics and Entrepreneurship Programme at the Penang Institute.
Lim Wei Seong
is the head of the Economics and Entrepreneurship Programme at the Penang Institute. He has been in the socioeconomic research field for more than 15 years.
Teoh Ai Ping
is currently a senior lecturer and a member of the SME Assist cluster at Universiti Sains Malaysia. She has also been involved in several consultancy projects with SMEs and MNCs.
