Wal-Mart,
Metro To Set Up Shop In Malaysia
Wal-Mart and German hypermarket chain Metro
AG are reportedly planning to enter the tightly
controlled Malaysian retail market.
Both retailers have submitted applications to
open stores in Malaysia, Domestic Trade and
Consumer Affairs Minister Datuk Shafie Apdal
told reporters after conducting price checks
at a farm market, according to The Edge financial
daily.
Shafie
said the Malaysian government is vetting the
applications and studying the effects they would
have on local retailers. The applications were
pretty much welcomed by the minister, but he
stressed that Wal-Mart (nyse: WMT - news - people
) and Metro could not open new stores at their
own discretion, as there were guidelines governing
the country’s retail market.
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