Business group: Reports of economic recovery don’t line up with reality

Despite the government line that the economy is improving, Malay Chamber of Commerce (DPMM) president Norsyahrin Hamidon says its members are seeing dwindling sales and declining purchasing power.

He told a press conference in Kuala Lumpur yesterday that this was the conclusion based on input from DPMM members, who find consumers are increasingly reluctant to part with their money to spend on goods and services.

“We hear in the newspapers that...