Malaysian cafe chain Oldtown White Coffee has launched a concept store at Suntec City Mall. The venue opened last month and features a facial-recognition feature as part of its ordering system. Seating 88 guests, Oldtown Suntec City offers exclusive local…
Malaysia Airlines and Jet Airways have expanded their codeshare agreement to offer consumers a wider network of destinations effective Sept 24. Malaysia Airlines said in a statement that the wider network covers new routes with departures from Mumbai and…
Malaysia’s economic growth is expected to ease to 4.9% in 2018, as export growth slows and lower public investment following the cancellation of major infrastructure projects, said World Bank chief economist for the East Asia and Pacific region Sudhir Shetty.…
Australian furniture and appliance retailer Harvey Norman plans to open 34 stores in Malaysia, taking its network there to 50. In a commentary accompanying the company’s recent Australian results filing, Harvey Norman said it was planning substantial…
While Malaysia has benefited from China’s foreign direct investment (FDI) in terms of financing and capacity, the social and environmental impacts of these investments should be looked into as well. The Institute for Democracy and Economic Affairs’ (IDEAS)…
CIMB Bank Bhd will be accepting Quick Response (QR) Payment from six major mobile wallets at its terminals, enabling it to tap into an estimated customer base of about 4.5 million in Malaysia and 520 million registered mainland Chinese. This is the first in…
GD Express Carrier Bhd (GDEX) and two of its wholly owned subsidiaries have taken up a 44.5% stake in PT Satria Antaran Prima TBK (SAP Express) via an initial public offering (IPO) for IDR92.71 billion (RM25.8 million) or IDR250 per share. SAP Express is…
Sungei Wang Plaza, one of Kuala Lumpur’s older malls, is getting a facelift. The mall’s majority owner Capitaland Malaysia Mall Trust’s (CMMT) has announced plans to transform the tired shopping centre into a “glistening-gold location” by the middle of next…
Malaysia Airports has announced 14 tenders for KLIA retail space covering more than 2000sqm. The tenders are part of the Kuala Lumpur International Airport rennovation works in the main terminal building. The majority of the tenders closed in mid-September,…
Astro Malaysia Holdings Bhd’s net profit for the second quarter ended July 31 fell 93% to RM16.58 million from RM246.34 million a year ago due to an increase in FIFA World Cup content, merchandise sales and higher net finance costs. The decrease in earnings…
Axiata Group Bhd, which is evaluating its options on a possible buyout offer by two of M1 Ltd’s major shareholders Keppel Corp Ltd (KCL) and Singapore Press Holdings (SPH), is hoping for accurate future value for its 28.7% interest in M1. News reports in…
Developing Asia could grow more slowly than previously thought next year as the US-China trade war inflicts damage on the region’s export-reliant economies, the Asian Development Bank (ADB) said. Tightening global liquidity could also weigh on business…
Malaysia Airlines Bhd said a provisional deal to purchase eight Boeing Co 787 jets had lapsed and the airline was in talks with planemakers about the future of its widebody fleet. The national carrier last year signed a memorandum of understanding (MoU) with…
Investment holding company Pan Malaysia has entered into a partnership with Singaporean artisan baker and food store Baker & Cook. The 50-50 joint venture will serve to diversify Pan Malaysia’s business to include F&B retail outlets, trading as Baker & Cook…
South Korean fast-food chain Goobne Chicken has expanded into Malaysia, opening its first outlet in My Town Shopping Center. The brand plans to test the market under a franchise agreement with a local partner and has chosen its first location at one of the…
Berjaya Land Bhd’s (BLand) net profit for the first quarter ended July 31 rose 43.8% to RM16.58 million from RM11.53 million a year ago mainly due to Sports Toto Malaysia Sdn Bhd (STMSB) reported higher profit contribution from lower prize payout and…
Retail Academy: Malaysia
Free background guides on how retail works in this market.
Who the landlords are, how leases are structured, what drives rent, and how to choose a location in Malaysia.
Asia Market Guides · 8 min read
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