Reporting and analysis on retail, e-commerce, and consumer trends in Malaysia, updated continuously by our newsroom.
RAM Ratings expects the zero-rated goods and services tax (GST) to act as a cushion limiting inflationary pressure on Malaysia’s July inflation rate, which is projected to increase to 1% from 0.8% in June. Meanwhile, full-year inflation is expected to stand…
WeChat, China’s most popular social media app, has launched its digital payments platform in Malaysia. It is the platform’s first market in Asia beyond China and Hong Kong. The digital payment feature of WeChat allow its users to transfer money among…
Malaysia’s largest fast-food operator QSR Brands is partnering with Foodpanda Malaysia to deliver its Pizza Hut and KFC orders, according to a Deal Street Asia report. The move is expected to increase food revenue for the firm by 15–20 per cent, and allow…
Ikea Malaysia has launched an online store. The e-commerce site promises to offer the largest online selection of home furnishings in the country. It marks a strong entry into the Malaysian e-commerce market by the Swedish company’s Southeast Asian…
A Dior Backstage pop-up store is being opened at Kuala Lumpur International Airport (KLIA). A partnership between Malaysia Airports, Parfums Christian Dior and Colour & Fragrances, the signature black lacquer store is positioned at KLIA’s international…
Swedish fashion brand Cos has opened a second Malaysian store at The Gardens Mall in Klang Valley. The launch of the spartan 306sqm Cos Malaysia store comes just 18 months after the brand’s first opening at Pavilion Elite shopping centre. The store’s…
Electrical, IT and furniture retailer Courts Asia has narrowed a quarter-on-quarter loss following transformation work in its Malaysia operations. In its first quarter results, the company said its business in Malaysia had been hit hard by regulatory changes…
Petronas Gas Bhd’s share price continued to fall by 14 sen or 0.75% this morning despite reporting a 19.7% jump in its net profit to RM509.3 million in the second quarter (Q2) ended June 30 from RM425.3 million previously. At 11.08 am, the stock stood at…
The Kenny Rogers Roasters and Jollibean food retail brands are to launch in India. Malaysia’s Berjaya Food has signed a preliminary franchise partnership deal with India’s World Iconic Brands Hospitality (WIB) to take the banners into the new market. WIB will…
Fast-food franchise A&W Malaysia is set to open around a dozen new outlets by next year. The group currently operates 41 outlets in Kuala Lumpur and Perak that collectively employ 500 people. Acting CEO Mohd Hasmadi Zainal said that the company has allocated…
US luxury fashion retailer Fred Segal is planning to expand its business in Asia with new stores opening in Taiwan and Malaysia. The move picks up on previously delayed plans to grow internationally that were announced four years ago. New CEO Allison Samek is…
Indonesia’s ban on the import of fresh poultry and unprocessed products from Malaysia shipped after Aug 9 will not have any impact on Malaysian exporters, as they have not been in the market for more than a year now. According to an industry player who…
Malaysia’s economic growth pace likely slowed again in the second quarter of 2018, a Reuters poll showed. The median of forecasts from 14 economists is for annual growth of 5.2% in April-June. That would be a dip from January-March’s 5.4% and make the latest…
Nestle (Malaysia) Bhd’s net profit for the second quarter ended June 30 rose 2.93% to RM166.16 million from RM161.44 million a year ago due to higher margin. In a filing with Bursa Malaysia, the company said its gross profit margin increased by 10 basis…
AirAsia Group Bhd’s (AAG) share price rose 0.90% this morning after it divested its remaining 25% stake in its joint venture (JV) company, AAE Travel Pte Ltd for US$60 million (RM240 million). The airline sold its remaining stake to the 75% stakeholder in the…
Malaysia’s gross domestic product (GDP) could contract by 1.3% in two years should the trade war between the United States and China intensify. CIMB Group chief economist Dr Donald Hanna said Malaysia’s economic growth could shrink in the event of continuous…
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