Restrict Foreign Hypermarkets

Dato Haji Ameer Mydin, the Managing Director of Mydin Mohamed Holdings, says foreign hypermarkets already has 60% market share and the government needs to enforce its policy on limiting foreign players in areas with less than 250,000 people. Dato Ameer also explains how Mydin lowers its cost of funding (eg sale and leaseback of malls) and merchandising, and what changes it will introduce in response to shifting consumer trends. There are plans to introduce cash back facility to maximise returns on cash in the till, and to introduce a highend format by 2012.