Reporting and analysis on retail, e-commerce, and consumer trends in Malaysia, updated continuously by our newsroom.
D.B.E. Gurney Resources Bhd’s subsidiary, D.B.E. Poultry Sdn Bhd (DBEP) has on May 23, 2018 entered into a joint venture agreement with Farmmesh Foods Co LTD (FFCL) to open and jointly operate Quick Service Restaurant operations with Harumi™ fried chicken…
Axiata Group Bhd fell into the red in the first quarter ended March 31 registering a net loss of RM147.41 million against a net profit of RM239.02 million in the same quarter a year ago, due to the share of losses reported by its associate company Idea…
Low-cost, long-haul carrier AirAsia X Bhd saw a more than fourfold jump in net profit in the first quarter ended March 31, 2018 to RM41.5 million from RM10.34 million in the same quarter a year ago. Revenue for the period under review rose 7.2% to RM1.27…
Malaysia’s first quarter (1Q18) gross domestic product (GDP) growth came in at 5.4% year on year, lower than the consensus projection but AmBank Research is maintaining its 5.5% GDP growth for this year as it expects private consumption and the services…
Asian-Korean restaurant chain Seoul Garden has marked its 35th anniversary with a celebration at its first Malaysian outlet, in Gurney Plaza, Penang. The brand’s grill and steamboat buffet included marinated meats such as coffee chicken and beef bulgogi.…
Grab announced a strategic partnership with Maybank to drive the acceptance and usage of Grab’s new cashless payment method, the GrabPay mobile wallet. The announcement comes as Grab, which received its e-money license from Bank Negara Malaysia in December…
Despite the rising perception that more Malaysians would choose to rent than to buy a home, statistics from the recent PropertyGuru Consumer Sentiment Survey show that 92% of those polled would rather own the roof over their heads than to lease. Among those…
Total vehicle sales in April 2018 increased 10.2% or 4,343 units to 47,089 units, compared with 42,746 units a year ago, according to the Malaysian Automotive Association (MAA). On a month-on-month basis, April saw a decline of 5.8% or 2,896 units as…
Bursa Malaysia opened lower, extending yesterday’s losses on continued selling in selected heavyweights and in line with most regional peers, dealers said. At 9.17am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 6.01 points lower at 1,839.02 from…
ShopBack, the leading online Cashback platform that partners more than 500 online shops in Malaysia, foresees Raya sales will reach its peak in the first week of June, given the 0% GST implementation from June 1st onwards. “Our partners have started to…
Malaysian businessman and AirAsia’s chief executive officer Tan Sri Tony Fernandes has expressed interest to work with the Football Association of Malaysia (FAM) after visiting the national body for a meeting on Monday. “At the meeting, Tony, through his…
After getting its official debut in China under the Nova 3e moniker, the Huawei P20 Lite is making a stop in Malaysia under the same name. The official date is May 25 with a starting price of RM1,399 ($352). Despite the change in the name, this is very much…
QSR Brands Holdings’ wholly owned subsidiary QSR Stores has signed a memorandum of understanding with Petronas Dagangan to gradually open 50 KFC Drive-Thru outlets at Petronas gas stations within the next three years. QSR Brands MD Mohamed Azahari Mohamed…
The Malaysian franchise of McDonald’s Corp said it was “disappointed” with calls on social media to boycott the fast-food restaurant chain in apparent retaliation against the US’ recognition of Jerusalem as the capital of Israel. Social media users in the…
Sneaker specialist Aw Lab Malaysia has launched a flagship store in Suria KLCC shopping mall, Kuala Lumpur. It carries exclusive collections from such brands as Adidas, Nike, Puma and Reebok, and introduces two new labels to the Malaysian streetwear market,…
Malaysia’s central bank is set to keep interest rates unchanged on Thursday, providing policy stability after the shock election victory of Tun Dr Mahathir Mohamad. All 18 economists surveyed by Bloomberg before Wednesday’s poll had forecast Bank Negara…
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