Celcom Axiata Bhd CEO Michael Kuehner, while welcoming the expected entry of a new player in the local telco scene next week, pointed out that what the industry needs is consolidation and not another player. Yodoo is expected to launch its mobile data plan…
The ringgit marched higher against the US dollar today, appreciating by 59% since it was last seen in April 2016, said Oanda Head of Trading for Asia Pacific, Stephen Innes. At 6pm, the local note ended at 3.8840/8870 against the greenback from 3.9110/9140 on…
Aeon Co (M) Bhd signed a memorandum of understanding (MoU) with Singapore-based online concierge and delivery service, honestbee, to venture into on-demand delivery services. This new delivery option, which uses personal shoppers to pick up and deliver…
Malaysia’s consumer price index (CPI) expanded 3.5% to 120.9 in December 2017 from 116.8 in the corresponding month of 2016, mainly driven by the transport segment, which was up 11.5%. For the full year of 2017, CPI rose 3.7% compared with the same period in…
Indonesia improved its ability to attract professionals and keep the existing skilled workforce, the annual Global Talent Competitiveness Index showed on Wednesday (24/01). The report was released during the World Economic Forum by graduate business school…
Shipbuilding firm TAS Offshore Bhd swung to the red registering a net loss of RM1.56 million for the second quarter ended November 30, 2017 against a net profit of RM489,000 in the previous corresponding period, due to unrealised forex losses as a result of…
The Malaysian Automotive Association (MAA) is hoping that the review of the National Automotive Policy (NAP), which will be announced by the government in mid-2018, will improve the automotive industry and help boost vehicle sales. MAA president Datuk Aishah…
Lotte Chemical Titan Holding Bhd’s wholly owned subsidiary Lotte Chemical Titan Sdn Bhd has entered into a three-year sales contract with United Arab Emirates-based Abu Dhabi National Oil Co for the supply of refined products and paraffinic naphtha. The group…
Honda Malaysia retained its number one spot for non-national brands for the third consecutive year, managing to sell 19% more cars or 109,511 units in 2017, the highest in its history. Honda Malaysia also sold the second largest number of cars in total…
Bursa Malaysia is expected to continue its positive momentum next week, driven by a stronger ringgit, firmer oil price, strong global economic outlook, and better corporate earnings, a dealer said. Affin Hwang Investment Bank Vice-President/Head of Retail…
Bursa Malaysia rebounded from yesterday’s losses to open slightly higher today on renewed buying interest in selected heavyweights, amid a mixed start on regional markets, dealers said. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at…
Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is targeting for the sale of 209,000 vehicles this year, which is a 2% jump from the 204,900 units sold in 2017. Speaking to reporters at the 2017 full year review briefing, Perodua’s president and CEO Datuk Dr…
An August opening date has been set for Malaysia’s Capital 21 mall, with its museum and indoor theme park. Initially the development was scheduled to open earlier this year. Being developed in Johor Baru by Capital World, the 1.4 million square-foot…
MRCB-Quill REIT’s (MQREIT) net profit for the fourth quarter ended Dec 31, 2017 plunged 80% on a RM18.2 million deficit in revaluation of its investment properties. It made a net profit of RM3.3 million for the quarter under review, compared with Rm16.9…
Samsung has officially announced the arrival of the new Galaxy A8 (2018) in Malaysia. The Galaxy A8 (2018) and Galaxy A8+ (2018) are the company’s new mid-range offerings, featuring IP68-rated bodies and a new dual front camera setup, and will retail from…
The Royal Customs Department seized contraband cigarettes with RM1 billion worth of taxes last year as the authority intensified actions to curb the rise of illicit tobacco products and the government incurs billions in revenue lost. The high price of…
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