GCH Retail to invest RM60mil in Sarawak ops
SIBU: GCH Retail (M) Sdn Bhd will invest close to RM60mil to expand its operations in Sarawak.
Its chied operating officer Tom Herriott said the retail chain planned to open two more hypermarkets in Sarawak, besides the Sibu and Tabuan Jaya branches. Tabuan Jaya is a township in Kuching.
“The investment reflects the group’s confidence in the economic and business development of Sarawak. The Sibu investment is close to RM12mil,” he said at the opening of the Sibu Giant hypermarket by Chief Minister Tan Sri Abdul Taib Mahmud yesterday.
He said Giant had 121 stores and close to 14,000 employees. “We believe we must set the benchmark for the industry, both in generating economic spinoffs for the country and in delivering on our commitment to offer consumers low price, great value and variety everyday,” he said.
Herriott said that in line with Giant’s policy of giving priority to local supplies, most of the fresh food items would be sourced from the state to promote its agro-based and food-related industries. “These will also be sold at our stores nationwide,” he said.
He said the Sibu hypermarket had created 250 jobs and would increase opportunities for local traders and entrepreneurs who could take up tenency within the complex.
Source : The Star
Date : 13 September 2011
afternoon highlight (13/09/11/159/467)
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