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Malaysian retail industry sales up 18.3 pct in 1Q

KUALA LUMPUR, June 14 (Xinhua) — Malaysia’s retail industry recorded a promising growth rate of 18.3 percent in retail sales in the first quarter of 2022, as compared to the same period in 2021, according to Retailed Group Malaysia (RGM) on Tuesday.

RGM said in its retail industry report that the latest quarterly result was higher than the estimate made by members of the Malaysia Retailers Association (MRA) and