(Bloomberg) -- Malaysia is preparing to ease
restrictions on foreign hypermarket operators to persuade Wal-
Mart Stores Inc. and Metro AG to invest in the Southeast Asian
nation's 60 billion ringgit ($18 billion) a year retail industry.
``I've been trying to entice people, even Wal-Mart and
Metro,'' Minister of Domestic Trade and Consumer Affairs Shafie
Apdal said in an interview. ``We like competition, it's good for
the consumers.'' Wal-Mart, the world's largest retailer, has
indicated it's interested in setting up stores in Malaysia and
the ministry is talking to Germany's Metro, he said.
Read more at Bloomberg Emerging Markets News
restrictions on foreign hypermarket operators to persuade Wal-
Mart Stores Inc. and Metro AG to invest in the Southeast Asian
nation's 60 billion ringgit ($18 billion) a year retail industry.
``I've been trying to entice people, even Wal-Mart and
Metro,'' Minister of Domestic Trade and Consumer Affairs Shafie
Apdal said in an interview. ``We like competition, it's good for
the consumers.'' Wal-Mart, the world's largest retailer, has
indicated it's interested in setting up stores in Malaysia and
the ministry is talking to Germany's Metro, he said.
Read more at Bloomberg Emerging Markets News
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