Mydin: Slow Growth In Hypermarket Next Year
267 views · Published 13 December 2017 · 1:23 · Indexed 22 October 2026
Channel: 7Edition · 2017 · News & Politics
Hypermarket operator, Mydin Mohamed Holdings Bhd, expects slow growth for the local retail industry next year but is hopeful that the upcoming general elections next year, will help boost consumer spending. Its Managing Director, Datuk Ameer Ali Mydin said consumer per basket sales have been slowing down but noted the effectivenees of goverment initiative such as BR1M, to help the B40 group. He was speaking after the launch of iMeriah Takaful coverage plan -- a collaboration between AmMetLife Takaful and Mydin, available exclusively for eligible Mydin Meriah card members, nationwide. The takaful coverage plan is a unique and innovative shariah compliant takaful plan, which provides coverage against death with takaful benefits in the form of goods instead of cash. (Soundbite of Datuk Ameer Ali Mydin/Managing Director, Mydin Mohamed Holdings Bhd)
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