
Business: Malaysia's F1 Return To Boost Retail, F&B SMEs, Says Retailers Association
KUALA LUMPUR: Consumer spending across the retail and food and beverage F&B sectors, particularly among small and medium enterprises SMEs, is expected to gain
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Summary
KUALA LUMPUR: Consumer spending across the retail and food and beverage F&B sectors, particularly among small and medium enterprises SMEs, is expected to gain momentum from higher visitor arrivals and stronger demand generated by Malaysia's hosting of the Formula 1 Gulf Air Bahrain Grand Prix. Even so, he said international sporting events of this scale had consistently demonstrated strong multiplier effects across the broader economy. However, Lim said the extent of the economic benefits for the retail and F B sectors would depend on visitor numbers, the scale of event-related activities and overall participation.
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KUALA LUMPUR: Consumer spending across the retail and food and beverage F&B sectors, particularly among small and medium enterprises SMEs, is expected to gain momentum from higher visitor arrivals and stronger demand generated by Malaysia's hosting of the Formula 1 Gulf Air Bahrain Grand Prix
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Even so, he said international sporting events of this scale had consistently demonstrated strong multiplier effects across the broader economy.
according to BernamaHowever, Lim said the extent of the economic benefits for the retail and F B sectors would depend on visitor numbers, the scale of event-related activities and overall participation.
according to Bernama
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