AirAsia Malaysia share price fell 1.52% at mid day after it plans to use the bulk of the cash proceeds from the sale of its aircraft leasing operations Asia Aviation Capital Ltd to pay out a special dividend to shareholders and settle bank borrowings to…
Property developer M101 Holdings Sdn Bhd is partnering with the US toy company Hasbro Inc for the world’s first Monopoly-themed hotel, which will be located at its existing mixed development project called M101 Bukit Bintang. The mixed development project,…
Malaysia Airlines Bhd’s (MAB) passenger load factor for the fourth quarter (Q4) ended Dec 31, 2017 dipped to 77% from 81% a year ago with a 10.5% drop in the number of passengers carried from 3.8 million to 3.4 million. Despite that, Q4 passenger yield was…
Following the warehouse sale fiasco on Friday, Switch Malaysia has issued an apology and extended the sale of Apple products to all its branches nationwide. In a Facebook posting today, the Apple Premium Reseller said Apple lovers may now enjoy discounted…
Bursa Malaysia is expected to continue its downtrend this week on gloomy investor sentiment as fears of a trade war was triggered by US President Donald Trump’s plan to impose steep tariffs on steel and aluminum imports. Affin Hwang Investment Bank…
While Malaysian fashion retailer Bonia sold fewer handbags in its second quarter, it did manage to grow its net profit. It achieved a net profit of RM11.99 million (US$3 million) for the period, to the end of December, up 8 per cent. It attributes the upswing…
Restaurant chain Bubba Gump Shrimp Company Malaysia has closed two of its three outlets. In a surprise announcement, the US chain says its Citta Mall and The Curve outlets have been closed permanently, while it is business as usual for its first Malaysian…
For the 4th Quarter ended 31 December 2017 The Group’s revenue for the current quarter of RM546.2 million grew by RM22.6 million or 4.3% against the corresponding quarter’s revenue in the previous year of RM523.6 million. The growth in revenue continued to be…
Headline inflation moderated to 2.7% in January, mainly due to lower transport inflation at 5.7% compared to 11.5% in December 2017, said Bank Negara Malaysia (BNM). “Although RON95 petrol averaged slightly higher at RM2.28 per litre in January 2018 (December…
Malaysia’s largest government-linked fund management firm, Permodalan Nasional Bhd (PNB), has signed Hyatt Hotels & Resorts as the hotel operator for its tower development, expected to be the third tallest in the world when completed. The luxury hotel…
Despite slight revenue growth, Parkson Holdings’ retailing division ended its second quarter with a loss. For the first half, its interim financial report shows there was 3 per cent growth in revenue to RM1.9 billion (US$485.9 million) with an operating loss…
Malaysian home improvement retailer Mr DIY has launched its first flagship store, at Mid Valley Megamall in Kuala Lumpur. The chain’s 360th store covers 1393sqm on the mall’s third-floor mezzanine, offering 20,000 product varieties across nine departments –…
Petronas Gas Bhd saw its net profit increase 4.7% to RM486.7 million for the fourth quarter ended December 31, 2017 compared with RM465.06 million in the same quarter a year ago, thanks to new contribution from its liquefied natural gas (LNG) regasification…
Sunway Pyramid, Malaysia’s most iconic themed shopping destination, has recorded its highest traffic growth in 2017. The mall’s car count saw a positive 5% growth as compared to the year before amidst cautious consumer sentiment, disruption in ecommerce and…
Arabesque Asset Management (Arabesque), a London-based boutique money manager, is looking to expand its presence in Asia, and is setting its sights on pension funds in the region. The company, which specialises in environmental, social and governance (ESG)…
Malaysia Airports (Niaga) Sdn Bhd, also known as Eraman, presented prizes to the winners of two contests during a ceremony held at Express, Level 3, Domestic Arrival, KL International Airport. The two contests, Shop & Stay and Dining Contest, launched in…
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