A rural New Zealand donut maker is set to expand into Asia, initially targeting the Philippines, Indonesia, Malaysia and Singapore. Epiphany Cafe started just two years ago as a single family-owned store in the Waikato city of Hamilton, in the heart of New…
Fast-food chain NeNe Chicken Malaysia has opened its second outlet, in Petaling Jaya. Located at The Starling Mall, the new restaurant can accommodate 120 customers with an outdoor seating area. NeNe Chicken Malaysia MD Raymond Wong said the chain would focus…
Jacobs Douwe Egberts Holdings Asia NL BV (JDE) has extended the closing date of its takeover offer for OldTown Bhd to March 20. According to a circular issued by CIMB Investment Bank Bhd, the terms and conditions of the offer remain unchanged and the level of…
To help Southeast Asian entrepreneurs ride the e-commerce boom, Lazada has rolled out measures to make doing business online easier, faster and more financially rewarding. Already in effect, the moves benefit new sellers and about 135,000 merchants already on…
Manufacturing sales in Malaysia soared 10.8% to RM67.8 billion in January this year compared with RM61.2 billion in the same month of 2017. The Department of Statistics said in a statement today the significant increase in sales value was due to increases in…
Global logistics company DHL will set up its first Global Centre of Excellence (GCOE) in Malaysia at Iskandar Malaysia, the company announced today. The centre, which is expected to be operational in the second quarter of this year, will be set up by DHL in…
Parkson Holdings is looking to open in several new locations with a presence in newer and more exciting malls while exiting those that do not fit in with the company’s market dynamics. The Malaysian department-store operator with a regional presence said it…
The future of cash as the dominant payment method in Asia Pacific is changing as a result of technology innovation, government-sponsored programs, increasing smartphone penetration, and evolving consumer behavior. As governments throughout Asia Pacific create…
Aeon Co (M) Bhd expects sales to grow between 10% and 20% during its promotion period, the Aeon Day and Thank You Day sales promotions. Executive director Poh Ying said the “Aeon Day” sales promotion would be held on every 8th and 28th day of the month while…
While Malaysia may not see much of an impact from the United States’ move to go ahead with steel and aluminium import tariffs, the move is likely to trigger a surge in steel prices. US President Donald Trump signed off on the implementation of 25% tariff on…
Poor trading by Dairy Farm International’s Southeast Asian grocery business hit the company’s bottom line last year, with underlying profit falling 13 per cent. But every other one of the company’s divisions traded strongly throughout the year, according to…
Malaysian palm oil futures declined today, as traders feared the prospect of cancelled shipments to India and after forecasts made at an industry conference in Kuala Lumpur. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives…
E-business last year was particularly strong for apparel retailer Giordano International. Overall, consolidated sales reached HK$5.4 billion, up 5.2 per cent. Group comparable-store sales and comparable-store gross profit rose by 5.2 and 5 per cent…
It was a celebratory affair when Sunway Putra Mall emerged as the winner in the twentieth edition of the Malaysia’s Tourism Awards 2016/ 2017 award presentation ceremony at Putrajaya International Convention Centre (PICC) recently. The win saw the refurbished…
Harrisons Holdings (M) Bhd has entered into an agreement with Watts Co Ltd to acquire Komonoya products retailer Watts Harrisons Sdn Bhd (WHSB). Harrisons said it will pay a nominal sum of US$1 (RM3.91) for the 100% stake, and will also pay on behalf of WHSB…
Petronas which saw its net profit soar 91% last year, considers the biggest risk in the horizon to be the improved oil price which looks to already be making oil and gas players abandon hard-won cost efficiencies achieved over the last three years. Although…
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