Malaysia-based Axiata Group has entered the Nepal telecoms market with the acquisition of the nation’s largest mobile operator Ncell. Axiata has paid $1.36 billion for an effective 80% stake in Ncell from previous owners TeliaSonera UTA Holdings and Reynolds…
One of Kuala Lumpur’s oldest and most famous markets for cultural items and handcrafts is about to have an online sales outlet, through 11street Malaysia. Central Market has signed a memorandum of understanding with the online marketplace to make its…
Malaysia-based eCommerce fashion company FashionValet has received a “multi-million-dollar” funding from Start Today, which runs Japanese online fashion mall ZozoTown. FashionValet co-founder/CEO Fadzarudin Anuar says the move is “clearly more than a…
With intentions to localise and grow the business, 11street (www.11street.my), one of the largest online marketplaces in Malaysia, will be forming strategic alliances with Celcom as part of the company’s business expansion plans this 2016 with key focus on…
Jaya Grocer Malaysia is attracting the interest of private equity firms wanting to buy a shareholding of up to 49 per cent. Creador, TPG Growth and a Japanese fund based in Singapore have been shortlisted in a deal said to value the supermarket chain at about…
Retail, entertainment and hospitality brands will feature in a planned City Centre development including a Bukit Bintang mall in Kuala Lumpur. “The mall will transform the retail landscape in Kuala Lumpur, catering to all shopping needs with the introduction…
Malaysian Resources Corp Bhd (MRCB) will build a RM56.8 million cold storage processing and distribution centre in Kajang, Selangor, for the Giant retail chain. MRCB’s wholly-owned subsidiary MRCB Builders Sdn Bhd today signed a contract with GCH Retail (M)…
Japan’s Aeon Mall plans more shopping centres in Indonesia and Vietnam, and is also looking at possibilities in Laos, Myanmar and Thailand. Under its 2020 strategy, it is planning five more outlets for Jakarta, after entering the 250-million-strong market…
DRB-HICOM Asia Cargo Express (ACE) has officially launched its new livery and logo for its air freight services at KLIA. A wholly owned subsidiary of KL Airport Services Sdn Bhd (KLAS), and a member of the DRB-HICOM Group, ACE currently offers air cargo…
Growing online sales will not undermine demand for Asian retail real estate, according to the last CBRE study of major international brands. For the seventh edition of How Active Are Retailers Globally?, the real-estate company looked at more than 150 major…
Kuala Lumpur MRT retail spaces – 41 spots at 21 stations – have been put to tender. The Mass Rapid Transit Corp (MRT Corp) says proposals and bids for the spaces, on the upcoming MRT Sungai Buloh-Kajang line, must be submitted by April 18. Commercial land…
Indonesia is the most-promising ASEAN eCommerce market, according to Hong Kong-based consultant Paul McKenzie. He told a seminar in Bangkok, organised by brokerage and investment group CLSA, that Indonesia has the greatest potential because of its developing…
The Commercial Division of Malaysia Airports Holdings Berhad is collaborating with UnionPay International to boost Chinese tourist spending at its airports. The move is said to be in line with Malaysia Airports’ Commercial Division’s new strategic direction…
Collaboration between CIMB and Tesco Stores (Malaysia) Sdn Bhd today, the group’s CEO of group consumer banking Renzo Viegas told pressmen that while the current marketplace remains tough for business, the mass affluent community will still continue to…
In a few days it will be one year since the implementation of the Goods and Services Tax. Although the GST has been widely unpopular, many economists consider GST as the most efficient way of widening Malaysia’s tax base. Currently, almost everyone pay taxes.…
Mitsui Fudosan will develop a nine-story, 45 billion yen ($397 million) mall in Malaysia with local partners as part of an effort to solidify its overseas earnings base for the future. Costlier than the company’s outlet malls in Taiwan and the Chinese city of…
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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