KUALA LUMPUR: Malaysians are willing to fork out 9% more to usher in the Year of the Cockrel based on the annual United Overseas Bank (Malaysia) Bhd Chinese New Year (CNY) survey. “This is despite the higher cost of food this year. UOB Malaysia economist Julia Goh said the larger food and travel budgets could be because consumers are not compromising on CNY traditions despite higher cost of living pressures. It is therefore not surprising that Malaysians continue to place a priority on such celebrations despite the economic environment,” Goh said. The UOB Malaysia survey, conducted by Ipsos, interviewed 500 people in Malaysia aged between 18 and 55 on the behaviours and attitudes for the 2017 CNY.

Source: The Star January 27, 2017 03:41 UTC