PETALING JAYA: Shoppers are more cautious and prudent with their spending as they welcome the Chinese New Year (CNY) festivity and Ramadan fasting month period, say business groups. Malaysian Shopping Centre Association president Phang Sau Lian said while consumers are more willing to spend, their spending decisions are simultaneously more rational, cautious and savvy. Phang said for this year’s Chinese New Year period, consumer retail spending habits has increased compared to last year. On purchasing habits among tourists, he said there has been an increase of tourists since last year, especially from China, Indonesia and Singapore. “On average, tourist spending goes up two to three times than local consumption,” Chan said.

Source: The Star February 16, 2026 04:03 UTC