Maybank Indonesia Tbk on Monday announced the appointment of Malayan Banking Bhd (Maybank) group president and chief executive officer Datuk Abdul Farid Alias as its new president commissioner (similar to a chairman’s position). Maybank Indonesia head of…
In January, International Living (IL), an authority on global retirement and relocation opportunities, had put Malaysia in sixth place for its “10 Best Places to Retire” list. Part of the Annual Global Retirement Index, Malaysia received high scores in the…
Budget airline AirAsia is set to open a new direct route from Pontianak in West Kalimantan to Kuching in Sarawak, Malaysia, starting on June 5. The carrier currently serves only one route from Pontianak to Malaysia. Its planes fly to Kuala Lumpur. The new…
AirAsia and AirAsia X will offer a three-day promotional campaign, “#AirAsiaDanceToFly”, to all destinations, offering fares from as low as RM499 for one-way all-in fares. It is inclusive of taxes and fees. In a statement, AirAsia X said the promotion was…
Alibaba Group has signed an agreement with the Malaysian government covering the establishment of an e-fulfillment hub in Kuala Lumpur and a one-stop online cross-border trading platform. The agreement will also include cooperation in e-payment and financing,…
Huawei Malaysia has opened its largest flagship store, at the Pavilion KL in Kuala Lumpur. On the fifth floor, the store will be a one-stop centre providing on-site services and send-for-repair services, as well as a private product consultation service. Its…
Marks & Spencer (M&S) has launched a premium boutique concept in Kuala Lumpur, in Sunway Velocity Mall. Covering more than 10,600 sqft (985 sqm), the M&S boutique concept – the first of its kind in Malaysia – features large mirrors and seasonal imagery. A…
Bursa Malaysia is likely to trend higher next week, with the benchmark index inching towards the 1,780-level, supported by positive local economic news and the return of calmness after the sharp drop on Wall Street early last week. Affin Hwang Investment Bank…
Rather than head south in its home market, the upmarket northern England Booths grocery chain has opted instead for a JV in Malaysia. The family-owned retailer, which launched in Blackpool in 1847, has partnered with Hong Kong-listed retailer Dairy Farm,…
The announcement of the much-anticipated Digital Free Trade Zone (DFTZ) by Prime Minister Datuk Seri Najib Tun Razak today comes amidst a time where businesses in Malaysia are encouraged to capitalise on this initiative to boost the Digital Economy in the…
I-Pay Ventures Commerce Ventures, Inc. (I-Pay) recently signed a joint-venture agreement with MY E.G. Services Bhd (MYEG) to enable government and large enterprises in the Philippines to offer a Payment Gateway and related value-added online services. I-Pay…
Korean beauty products brand Mamonde has launched an e-commerce site on Lazada to introduce its skincare and makeup products into Singapore. Mamonde’s USP is using flower extracts in its products. Camellia, hibiscus, honeysuckle, lotus and magnolia blooms are…
AirAsia X is planning to add more fifth-freedom flights as it seeks to take advantage of the growth at secondary and tertiary cities across North Asia. Sharing the long-haul, low-cost carrier’s plans was its head of network planning Venggatarao Niadu, as part…
Malaysian consumers continue to tighten their belts as reflected by the 0.3% year-on-year growth of retail sales in the fourth quarter of 2016 (4Q16), according to Retail Group Malaysia (RGM). The quarterly growth of retail sales decelerated for the third…
Lego Malaysia has just opened its seventh store, a flagship on the sixth floor of the Pavilion Elite shopping mall on Jalan Bukit Bintang. “Lego has been a global household name for generations, taking creative play to new heights year after year,” said Tan…
Chinese e-commerce giant Alibaba is to open a Malaysian distribution hub at KLIA Aeropolis to serve its growing business in Southeast Asia. According to unnamed sources quoted by financial press, Alibaba founder Jack Ma and Malaysian prime minister Najib…
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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