Monday, April 21, 2008

Hypermarket aims to create more business - The Star

April 21, 2008

NEW hypermarket at Sungai Siput, Perak, will draw in more business from surrounding towns.

Keris Properties Sdn Bhd group executive chairman Datuk Lee Seng Hee said the opening of a TF Value Mart at its RM100mil Waterfront Celebration Village project would reverse the trend of locals going to Ipoh to do their shopping.

“We also hope to attract shoppers from nearby towns like Chemor and Kuala Kangsar,” he said after briefing newly elected Sungai Siput MP Dr D. Jeyakumar on the project.

Lee was responding to Dr Jeyakumar who had voiced concern that the hypermarket and the project, which has a modern food hall, might affect the livelihood of the town’s existing petty traders.

TF Group chief executive officer and managing director Dr Low Hin Yang said the hypermarket would help improve the local business environment and develop the community.

Opening on June 19, the hypermarket was expected to create up to 120 jobs directly and 100 more jobs indirectly, he added.

Dr Jeyakumar told reporters that local traders were concerned that the same fresh produce they were selling would be sold at the hypermarket.

“The developer and hypermarket operator argue that the new facility will create better business opportunities for local traders.

“With this new concept, there’ll be new customers coming in and more business opportunities so existing traders will not suffer,” he said

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