AirAsia Group Bhd rose as much as 4.5 sen or 5.49% to a five-month high of 86.5 sen in early morning trade today after the group said it expects travel to return to pre-Covid levels in the next six to 12 months. At 10.09am, the counter had pared some gains at…
According to the company, they will transition out of the retail market in Singapore and Malaysia; however, customers can still purchase items via the company’s online store. An internal memo revealed the company’s intention, stating that they will cease…
The Malaysian bank is letting go of three business heads in Singapore, following a review of its operations. Changes are afoot at CIMB Singapore, as the bank has moved to ax its consumer, commercial and corporate banking heads: Josandi Thor, Yong Jiunn Run…
Suria KLCC in the heart of Kuala Lumpur has unveiled its newly refurbished food court, which was designed to adapt to the Covid-19 era. Incorporating the space formerly occupied by department store Parkson, the Signatures food court boosts seating to more…
It appears retail stores in Malaysia and Singapore will not be carrying Dell products in the near future. According to an official statement from the company, Dell will “transition out of the retail market in Singapore and Malaysia,” though that doesn’t mean…
Eslite Spectrum Corp (誠品生活), which runs the Eslite bookstore chain in Taiwan and abroad, yesterday inked an agreement with Malaysia’s YTL Corp Bhd to open a branch in downtown Kuala Lumpur in 2022. The two sides signed the partnership via a teleconference to…
Bangko Sentral ng Pilipinas and the Monetary Authority of Singapore have agreed to promote the adoption and implementation of policies to aggregate, store, process, and transmit data across borders for banks and non-bank financial institutions. While the…
What’s more convenient than a convenience store? An online one, of course – delivering food, and essentials to customers’ doorsteps quickly, at the touch of a button. foodpanda, the leading delivery platform in Asia Pacific, marks a new milestone with the…
7-Eleven Malaysia Holdings Bhd has appointed CFO Wong Wai Keong and executive director Tan U-Ming as the co-CEOs for the company, effective Dec 1, 2020. Wong will also be appointed as an executive director of the company, effective Nov 1, 2020. They will…
Shopping center operator CapitaLand Malaysia Mall Trust suffered a 17.2 percent hit to quarterly income, which was knocked down to $6.08 million for the third quarter. The fall was largely attributed to higher levels of vacancies and the rental relief granted…
The iconic Starhill Gallery, which is part of a portfolio of retail assets owned by Singapore-based Starhill Global Real Estate Investment Trust (SGREIT) will undergo a transformation and revealed as The Starhill – Home of the Tastemakers in 2021. The mall,…
Home-grown MyNews Holdings Bhd, which already operates some 570 stores, is bringing a South Korean convenient store brand to the Malaysian market. At its headquarters in Kota Damansara, the convenience store operator announced that its wholly-owned subsidiary…
Malaysian home improvement retailer MR DIY Group opened the books for its 1.5 billion ringgit ($361.71 million) initial public offering (IPO) on Tuesday, the country’s largest listing in three years. The company fixed the offer price at 1.60 ringgit per…
French men’s fashion house Berluti has opened Malaysia’s first store in Kuala Lumpur in partnership with Indonesian retail firm Time International. Located at Suria KLCC, the Berluti store occupies a 105sqm space, offering a selection of men’s shoes, leather…
Swarovski has launched Southeast Asia’s first Crystal Studio concept store, in Kuala Lumpur, Malaysia. Located in Mid Valley Megamall, the store offers interactive digital touchpoints throughout the store, including shop window screens and interactive…
Malaysia Airports Holdings has launched a travel retail e-commerce platform shopMYairports, aiming to recover some US$67 million from sales lost through its airport network due to passenger volumes plummeting. Still smarting from the loss of $671 million in…
Retail Academy: Malaysia
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