Petron Corp. is pursuing a $3.5-billion expansion of its refinery in Malaysia that would significantly improve the company’s bottomline, a top executive said. “One we complete the expansion there, we are projecting that it will give $600 million a year from…
Low cost carrier AirAsia flew two inaugural flights yesterday into Sarawak from Shenzhen to Kuching and Singapore to Bintulu. The two new direct flights are part of AirAsia’s plans to boost the international connectivity into east Malaysia. This is in line…
Malaysia’s pension fund managers are not putting money into bitcoin, despite the digital currency’s recent stratospheric rise. Armed Forces Fund Board or Lembaga Tabung Angkatan Tentera (LTAT) chief executive officer Tan Sri Lodin Wok Kamaruddin told NST…
AirAsia X, The leading low-cost, long-haul carrier today appointed Wong Mee Yen as chief financial officer (CFO) effective Jan 1, 2018. She is replacing outgoing CFO Cheok Huei Shian, who has led the AirAsia X finance team since Feb 25, 2015. Cheok, who is…
Malaysian legislators this week criticized the uniforms issued to female crew by two Malaysian airlines, calling them “too revealing” and suggesting they conflict with the country’s Muslim values. Senator Datuk Abdullah Mat Yasim targetted the uniforms of…
In partnership with the US National Basketball Association (NBA), sports merchandise e-commerce company Fanatics has launched official NBA online stores across Asia Pacific. Fanatics already runs the flagship NBA Store in New York City, the league’s global…
Lotte Chemical Corp., the compound unit of Lotte Group, has extended its polyethylene plant in Malaysia to support deals in Southeast Asian markets, the organization said. Lotte Chemical has contributed 300 billion won (US$276 million) in growing the…
After opening its first outlet in Singapore (called Don Don Donki) this month, Japanese discount retailer Don Quijote plans to expand with even more outlets in Asia. Founding chairman Takao Yasuda sas the group is looking to open stores in Hong Kong,…
Gogoprint, Southeast Asia’s leading online printing company, aims to solve one of the printing industry’s biggest pain points – high fixed costs and requisite order volumes, which particularly affect budget-conscious SMEs and startups. Gogoprint achieves this…
Malaysian cafe chain and coffee manufacturer OldTown is about to sell a majority shareholding to Jacobs Douwe Egberts (JDE) for about US$361 million. It is part of a move by the global coffee and tea company to expand its coffee empire. OldTown, which has 232…
Australian brand Harvey Norman marked a new milestone with the official launch of its first superstore in East Malaysia today at Vivacity Megamall. Established since 1982 in Australia with over 280 stores worldwide, the superstore here occupies a retail space…
AmInvestment Research is Neutral on the transportation sector in 2018, as it sees upside for AirAsia It said on Wednesday while it likes transport firms which operate (or have a growing presence) in the tourism and e-commerce space, it is cautious on seaport…
Calvin Klein Watches + Jewelry has opened its largest kiosk for Malaysia in Suria KLCC, featuring timepieces and accessories. Attended the launch were Swatch Group Malaysia and Singapore president Jose de Cardoso, Calvin Klein Watches + Jewelry regional sales…
Fast-growing e-commerce platform Shopee has released impressive statistics in marking just its second birthday. Combined annualised GMV from Taiwan and the six Southeast Asian markets where it operates has reached US$5 billion. It has more than 180 million…
About 35 new stores are lined up for the soft opening of phase two of Mitsui Outlet Park KLIA Sepang on December 15. An official launch is slated for February, says Mitsui Fudosan (Asia) Malaysia, which runs the project in a JV with Malaysia Airport Holdings,…
UK company JD Sports Fashion has engaged influencer marketing firm Rocketfuel Entertainment to help develop digital content for its brand in Malaysia. JD carries brands such as Adidas, New Balance and Nike as well as in-house labels Brookhaven, Pink Soda,…
Retail Academy: Malaysia
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Who the landlords are, how leases are structured, what drives rent, and how to choose a location in Malaysia.
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