Reporting and analysis on retail, e-commerce, and consumer trends in Malaysia, updated continuously by our newsroom.
Malaysian consumer confidence jumped to its highest level in 21 years in the second quarter of 2018 (Q2 2018), as households were upbeat about the labour market and their future incomes, according to Malaysian Institute of Economic Research (MIER). The…
Business optimism in Malaysia rose 24 percentage points (pp) to 52% net as at the end of the second quarter (Q2) of 2018 versus 28% in Q1 after the change in the new federal government, according to Grant Thornton International Business Report. This near…
Prudential BSN Takaful (PruBSN) is hoping to increase its customer base to one million with two of its new takaful packaged solutions namely the PruBSN Setia and PruBSN Impian, which provide customisable and comprehensive protection. The takaful operator’s…
Fans of Japanese dessert franchise Pablo Cheesetart are reporting signs that the brand is withdrawing from Malaysia. The internationally popular concept started business in Malaysia in 2016 as one of a number of competing operators riding on a cheesetart…
Tom Ford Beauty has just opened its second free-standing store in Suria KLCC. The launch follows the opening of the brand’s flagship store in Covent Garden, London last year. The KLCC store features a layered grey glass sculpted design that casts rings of…
The European market is open to palm oil and there is no ban on the commodity, said Ambassador and Head of European Union Delegation to Malaysia, Maria Castillo Fernandez. Clarifying the stance of Europe on palm oil, she said there is a discussion in the…
Berjaya Corp Bhd’s (BCorp) wholly-owned subsidiary Berjaya HR Café Ltd has acquired 98% equity interest in South Korea’s Just KPop Ltd (JKP), for KRW98 million(RM354,172). The group told the stock exchange that following the subscription of 19,600 common…
Malaysia’s unemployment rate in May 2018 remained at 3.3% for four consecutive months, according to the Statistics Department. Year-on-year, the unemployment rate fell by 0.1 percentage point as compared to 3.4% in the same month of 2017, the department said…
More renewable energy (RE) projects are expected to come up for bids in the near term as the new Energy, Green Technology, Science, Climate Change and Environment Ministry is committed to push up the nation’s RE capacity. MIDF Research, which recently…
French jewellery brand Les Georgettes by Altesse has opened in Malaysia. Renaissance Luxury Group Apac sales director Elsa Pages said Les Georgettes, with an international distribution network of eight subsidiaries worldwide and premier distributors in more…
Telekom Malaysia Bhd (TM) unveiled new broadband plans Thursday and pledged that it will continue to come up with more packages in line with the government’s aspiration for cheaper services by year-end. “We will continue, of course. This is the continuation…
MSM Malaysia Holdings Bhd and Central Sugars Refinery Sdn Bhd (CSR) have clarified that there is no sugar monopoly in Malaysia and that the price of the commodity is controlled by the government and is among the lowest in the world. The two refiners said the…
Filipino fast-food chain Jollibee is returning to Malaysia, opening a store in Sabah. According to CEO Ernesto Tanmantiong, the Jollibee Malaysia move is part of the company’s aspirations to open 500 stores under a PHP12 billion (US$224 million) spending…
Standard Chartered (StanChart), whose investment strategy is to stay bullish and diversified, said foreign inflows into Malaysia should be coming through in the second half of the year assuming the US dollar weakens. Its head investment strategist Manpreet…
Earlier in the year, Avalon Airport and AirAsia announced they would be teaming up to offer the first ever international flights out of Melbourne’s second airport, Avalon. Now, tickets for first flights are finally out and to celebrate they are on sale for as…
Malaysia’s 2011 furniture exports are likely to improve by 9 percent to MYR8.7 billion (USD2.84 billion), provided the US dollar stabilises at the current level and manufacturers are able to secure enough foreign workers at their factories. Malaysian…
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