KUALA LUMPUR (Oct 12): Despite the apparent weak consumer sentiment since the implementation of goods and services tax in April last year, the Malaysian retail scene remains energetic with more global brands getting a foothold in the country.

According to Performance Management and Delivery Unit (PEMANDU)'s director of wholesale and retail division Ravindran Devagunam, the local retail sector remains vibrant as Malaysia is still attracting international retail chain operators, including those like Abu Dhabi-based LuLu Hypermarket, to open new stores in the country.

"We have already got LuLu Hypermarket [and] several other large shopping malls; more and more will be coming up. Clearly, the retail scene in Malaysia is very vibrant right now. Despite whatever negative elements out there, we seem to be doing quite well," he told reporters at the Retail Congress Asia Pacific 2016 (RCAP) press conference here today.

Ravindran also said domestic consumption continues to be the main driver of Malaysian economy, contributing more than 60% of the country's gross domestic product.

"If you visit any of the malls across Klang Valley or (in) any part of Malaysia during the weekend, it's overflowing to some extent. The food and beverage outlets are full, and you will notice that there's consumer spending actually," he added.

Held in Kuala Lumpur for the first time, the two-day congress will allow retailers to discuss innovative approaches to a rapidly shifting marketplace in Asia, especially in the face of disruptive digital technologies.