Reporting and analysis on retail, e-commerce, and consumer trends in Malaysia, updated continuously by our newsroom.
Online hiring activity across various industries in Malaysia declined by 12% in October when compared to the same month of last year. However, the production and manufacturing, automotive and ancillary industries were the only ones to not register a decline…
Ever-shrinking deal site Groupon has exited another market – this time selling its Malaysia business to KFit Group. KFit, in which Groupon is an investor, had already acquired the Groupon Indonesia business. “With our Indonesian business achieving nearly…
The Group’s revenue for the current quarter of RM547.8 million grew by RM28.5 million or 5.5% against the corresponding quarter’s revenue in the previous year of RM519.2 million. The growth in revenue continued to be driven by the growth in new stores,…
Malaysia’s AirAsia swung to a profit in the third quarter from a net loss a year earlier, mainly driven by an increase in aircraft operating lease income that boosted revenue during the quarter. A 22 per cent tumble in the average fuel price to Us$62 per…
FedEx Trade Networks, a subsidiary of FedEx Corp. and a premier international freight forwarder, today announced the opening of a new office in Malaysia. Based in Penang, the additional facility highlights the continued expansion of FedEx Trade Networks to…
7-Eleven Malaysia is committed to further store network expansion despite the economic headwinds in the nation. Releasing the company’s third quarter results, CEO Gary Brown said the network now numbering 2057 stores achieved sales growth of 5.5 per cent in…
Malaysia-based Axiata Group has reported an 8.6% growth in revenue for the first nine months of the year, due in part to strong growth from the South Asia region. Total revenue reached 15.8 billion ringgit ($3.55 billion), with ebitda up 13.4% to 6 billion…
Sa Sa profits took a hit of 37.3 per cent for the six months to September 30. The Hong Kong-listed beauty products retailer’s interim results show turnover easing by 4 per cent to HK$3.628 billion (US$467.7 million) for the period, with retail sales in Hong…
Women’s shoe retailer Manolo Blahnik Malaysia has launched its first store, in Pavilion KL. The 95 sqm store is part of an Asia expansion plan that includes the refurbishment of its Singapore store at Takashimaya, as well as the launch of a flagship store in…
Ground has been broken for the second phase of the Mitsui Outlet Park KLIA Sepang, claimed to be the largest factory-outlet shopping mall in Southeast Asia. On a 27,500 sqm site next to the current outlet near Kuala Lumpur International Airport, the…
Multimedia University, Malaysia (MMU) and Teradata have announced a strategic partnership to collaborate on education and research in an effort to cultivate the next generation of data science professionals and experts in Malaysia. Through this co-operation,…
Malaysia’s AirAsia X is considering the lease of A350s or 777-300ERs in 2017 to accelerate its return to Europe. A new widebody type will add cost and complexity but is necessary if the medium/long haul low cost airline is to meet its objective of relaunching…
Asia’s biggest low-cost airline AirAsia Bhd plans an initial public offering of a holding company that will house all its Asean operations, group CEO Tony Fernandes said on Thursday. ASEAN Holding Co will be listed in Hong Kong, Fernandes said in a statement…
YTL Communications in Malaysia has deployed Elitecore’s Revenue and Customer Management (RCM) Platform to roll out its 4G LTE high speed data & VoLTE services. The platform will enable the operator to roll out new business models like, HD Voice (VoLTE),…
Seeking to upgrade technology and improve the user experience, Malaysian food-delivery startup Dah Makan is working on a larger funding round with global venture-capital firms. Dah Makan raised $320,000 from two angel investors in a seed round more than a…
India’s palm oil imports are expected to slip next month by up to a fifth, including from the top two producers Indonesia and Malaysia, as New Delhi’s removal of high-value rupee notes from circulation disrupts distribution systems and curbs demand. Traders…
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