Drafted Review on Economic Report 2007/2008

The stated Review is temporary due to lack of evidence or data to be extracted herein. The Review is based on personal opinions, thoughts for the day or specific issues to be addressed.

For more concise and accurate Review, kindly revisit this page again.

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For the purpose of discussion, the Economic Report 2007/2008 had been reviewed for its data in the Retail Market especially in Penang.

In a management book, (to be quoted), the US Retail contributes 9% out of 12% Gross Domestic Product (GDP) growth for the country back in Year 2004.

In Malaysia's scene, our retail market had not been truly measured or had been given proper highlight in the economic front.

In the coming months ahead, especially in Penang, more malls will ready for retailers to occupy. Some of the on going projects include; Hunza (Kelawei Rd), expansion of Gurney Plaza (Kelawei Rd) and Penang Time Square (Georgetown).

Given that the consumer price index (CPI) has increased by 2%, and in reality prices of consumer products had increased from 20% to 30%, this will put pressure on the consumer's wallets and thereby affects the retail sectors.

So far, in the Economic Report 2007/2008 that provides our economic outlook did not provide CPIs and in fact, indicated "not available" in matters related to inflation and price index growth.

In the pie chart showing the various sectors involved by the Malaysians, the retail sector was indicated as having some 20% or more percentage (to be made accurate) and no details had been given on actual retail brand outlets or floor space but more onto retail services related to construction and other matters.

In the next few weeks, we will provide better capture of the Economic Report 2007/2008 and present herein.