Thursday, June 21, 2007

Amway Malaysia Says Country's Consumers Still Cautious From Higher Prices

(Bloomberg) -- Amway (Malaysia) Holdings Bhd., the
country's largest publicly traded direct sales company, said
consumers are feeling the effects of inflation and it may be
months before the economy benefits from a government pay rise.

Amway Malaysia, a unit of Ada, Michigan-based Amway Corp.,
expects ``single digit'' sales growth this year and is aiming
for profit that will at least equal last year's, Executive
Director Paul Yee said in an interview yesterday. The company is
the most profitable direct selling company in Malaysia and the
fastest growing by sales.


Read more at Bloomberg Emerging Markets News

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