Zara parent Inditex Group sales rose by 12 per cent in its latest trading year, to January 31, reaching €23.3 billion. Growth was achieved in every geographic region where the group is present, and includes contributions from debut stores in Vietnam and New…
CIMB Bank Bhd has won “Best Retail Bank in Malaysia” at the International Excellence in Retail Financial Services Awards Programme 2017 conferred by The Asian Banker. CIMB’s Enhanced Virtual Assistant (EVA), the first chat-bot banking application in Asean,…
A new subsea cable connecting Malaysia, Cambodia and Thailand has been launched in Cambodia, adding at least 30Tbps of regional capacity. The Malaysia-Cambodia-Thailand (MCT) cable system was designed and deployed by Huawei Marine for Cambodia’s EZECOM,…
Nokia has announced it has provided a mission-critical communications network for Malaysia’s first Mass Rapid Transit line. The company has supplied the network to systems integrator LG CNS as part of the project to provide railway operational support on the…
CIMB Niaga Syariah, the sharia unit of PT Bank CIMB Niaga Tbk recorded a 165.5 percent increase in its net profit to Rp305.43 billion in 2016 from Rp115.03 billion in the previous year. Director of the sharia unit of CIMB Pandji P. Djajanegara attributed the…
Hong Kong-headquartered Mujosh eyewear is about to open its first store in Vietnam. The edgy brand, which made its international debut in Malaysia just last year, will open a store inside Saigon Center in Ho Chi Minh City. The mall houses the Takashimaya…
Digital media group REV Asia is on the lookout for local partners for its operations in Indonesia and the Philippines, says managing director Voon Tze Khay. The group’s initial plan, which was to grow its market share in social media advertising revenue in…
Swiss luxury watch manufacturer Omega has opened its fourth boutique in Malaysia, at Suria KLCC, to cater to growing demand for its timepieces. The event kicked off with a ribbon-cutting ceremony and a traditional lion dance performance. Omega president and…
Four years after opening cupcake shop Fluff Bakery, a Singapore couple plans to launch franchises in Indonesia and Malaysia. Ashraf Alami and Nursyazanna Syaira Mohammad Suhimi left their jobs to set up in a shophouse four years ago, and from 600 cupcakes a…
Low-fare carrier AirAsia will introduce its fourth direct daily flight between Kuala Lumpur and Trichy from April 26th. This will make the Tamil Nadu town the receiver of the highest number of flights in India from the Malaysian capital. The Trichy-Kuala…
Kuala Lumpur has a new mall, KL Gateway, with a gross floor area of about 500,000 sqft (46,451 sqm). Connecting with corporate office towers, KL Gateway has a 10,000 sqft outdoor landscaped garden and offers free Wi-Fi internet access in its common areas. A…
Despite the impact of GST and subdued consumer sentiment, 7-Eleven Malaysia recorded 4.8 per cent sales growth last year. It had the same percentage growth for its fourth quarter. But profit fell. The average spend per customer grew by 3 per cent for the…
Samsung Electronics Southeast Asia and Oceania has signed a memorandum of understanding with global platform innovator SK Planet on an eCommerce partnership in Southeast Asia. Signed in Singapore, the deal aims to promote Samsung’s brand presence and provide…
Discounted AirAsia and AirAsia X tickets sold on social media platforms are likely fraudulent, the airline warned the public today. The low-cost carrier today said it has already encountered several complaints from consumers who procured the tickets from…
Malaysia’s Chatime bubble-tea stoush continues, with a fresh argument regarding outlet loyalties. Taiwanese Chatime franchise owner La Kaffa International says nearly 50 outlets will stay with it, while former Malaysian master franchisee Loob Holdings claims…
Malaysia-based low-cost airline AirAsia has added Bhubaneswar to the list of destinations in India with four weekly direct flights from Kuala Lumpur. It will commence operations on April 26, 2017, making AirAsia Group’s 16th route into India. On February 17,…
Retail Academy: Malaysia
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