Malaysia-based Axiata Group has revealed it is in discussion to merge with Telenor’s Asian operations to create a regional powerhouse with total annual revenues of over 50 billion ringgit ($12.05 billion). Under the preliminary terms of the proposed merger of…
Malaysia Airport Holdings (MAHB) has appointed former AirAsia executive Mohammed Shukrie Mohammed Salleh as its new chief operating officer. MAHB says that Shukrie will oversee strategies related to airport operations, safety and security, as well as planning…
McDonald’s Malaysia will launch 20 new McDonald’s Drive-Thru restaurants before the end of the year. “Drive-Thru window sales have contributed almost 50 per cent of total sales at 167 restaurants,” said regional MD and local operating partner Azmir Jaafar.…
The 400th Pizza Hut Malaysia store has opened at Central I-City Shah Alam. To celebrate the landmark moment in the franchise’s history, Pizza Hut is giving 4000 pizzas to diners, as well as an additional 400 pizzas to 10 local charities. It was also selling…
Hyflux said that creditor Maybank was terminating its collaboration agreement with the troubled Singapore water infrastructure player with immediate effect due to its failure to reach a binding deal with a bidder or investor. This constitutes a breach which…
A fintech specialized in solving debt problems of consumers and business owners has launched its services in Malaysia, a country whose total overdue consumer loans is second highest in Southeast Asia. Indonesian Fintech amalan International announced on…
Online sales in Malaysia and Indonesia are set to boom in the lead up to – and during – Ramadan, according to an analysis by advertising platform Criteo. Based on data from last year’s festival – which ran from May 15 to June 14, consumer activity typically…
A second Sogo Malaysia department store has launched at Central I-City shopping centre in Shah Alam, Selangor. The new four-storey store, designed according to a distinctive Japanese aesthetic, features 18,581sqm of retail space and more than 400 brands in a…
Tesco Asia like-for-like sales fell 6.2 per cent last year, but the decline eased to 3 per cent in the fourth quarter as restructuring of the Thai business took effect. UK-headquartered grocery retailer Tesco Group included the results of its Tesco Asia…
AirAsia will begin its new direct flight from Penang to Melaka on July 1, 2019. The budget airline said the flights would boost tourist arrivals to Melaka, helping to support the state government’s target to attract 20 million visitors in 2019. In a statement…
World No.1 selling furniture store brand, Ashley Furniture HomeStore, celebrated the grand opening of its largest flagship HomeStore in Quill City Mall today. Owned and operated by HAUSLIFE Furniture Sdn Bhd (HAUSLIFE), the sole licensee and operator of…
Navigating through a shopping mall has never been this easy – and rewarding! The newly launched Sunway Pyramid Mobile app is the very first shopping mall app with real-time in-mall navigation, set to revolutionise the shopping experience. With over 1,000…
Rewards program ShopBack has secured a further US$45 million in its latest funding round. Joining the shareholders’ register are newcomers including Japanese e-commerce giant Rakuten, EV Growth, and EDBI, a Singapore government-linked strategic investor. Amit…
Malaysian bakery Lavender is opening at Jewel Changi in Singapore this week. Set to open on Thursday (April 11), the store will sell Lavender’s buns, French-style choux cream puffs, and house-made pandan kaya. Located next to the 40m-high Rain Vortex…
Airasia received the highest number of approvals from the Malaysian Aviation Commission (Mavcom) for Air Traffic Rights (ATR) with 26 allocations, followed by Malindo Air with 15 allocations. This was revealed in an update release from Mavcom for the…
Gome Retail’s loss tenfold last year to RMB4.887 billion (US$728 million), compared with RMB450 million in the previous year. The loss – projected early last month in a profit warning – was largely due to massive write downs as the once brick-and-mortar based…
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