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02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )

Retail Asia12/06/2018

Dozens of French farmers blocked access to 13 refineries across the country today to protest against plans to import palm oil for use in biofuels, a move they denounce as unfair competition which jeopardises their livelihood. Energy giant Total wants to import up to 300,000 tons a year of palm oil, which environmental advocates say […]

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Retail Asia12/06/2018

AirAsia Group Bhd will fly from Kota Kinabalu (KK) to Bangkok, Thailand from Aug 16, 2018, marking the airline’s ninth route connecting Malaysia and Thailand. In a statement today, the low-cost airline said the thrice-weekly KK-Bangkok direct flights would be operated by AirAsia Thailand, with promotional all-in-fares starting from RM99 one way for travels between […]

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Retail Asia11/06/2018

Axiata Group Bhd has appointed Dr Lisa Lim Poh Lin as its independent non-executive director to further strengthen the board’s diversity mix and expertise. The appointment came into effect on June 8. “We constantly strive to build a board composition of relevant business expertise, global experience and diversity of backgrounds. As an accomplished Malaysian scholar […]

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Retail Asia07/06/2018

Astro Malaysia Holdings Bhd group CEO Datuk Rohana Rozhan will step down from her role Jan 31, 2019 and will be succeeded by group chief content and consumer officer Henry Tan. In a filing with Bursa Malaysia today, Astro said Rohana, 55, will resign to pursue other goals. She will remain on the board of […]

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Retail Asia07/06/2018

Exports grew 14% to RM84.2 billion in April 2018 from a year ago, driven by electrical and electronic (E&E) products, refined petroleum, crude petroleum, timber and timber-based products, palm oil and palm oil-based products, while liquefied natural gas (LNG) and natural rubber recorded decreases in export volume and average unit value. This is the second […]

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Retail Asia07/06/2018

Malaysia is looking to replace the chief executive officer of the national stock exchange, two sources said today, the latest in a series of top management changes initiated by the newly elected government. The sources gave no reason why the government was considering replacing Datuk Seri Tajuddin Atan at Bursa Malaysia. His term is due […]

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Retail Asia07/06/2018

Airasia Group Bhd and its CEO Tan Sri Tony Fernandes have not received any notices from the India’s Central Bureau of Investigation (CBI) contrary to reports which stated that Fernandes has been summoned for questioning on June 6. “We wish to state categorically that neither AirAsia Group nor Tan Sri Tony Fernandes, in his personal […]

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Retail Asia04/06/2018

Regulation changes in Malaysia dragged down both revenue and profits for Southeast Asian electrical, IT and furniture retailer Courts Asia. For the year to March 31, Courts Asia had a 3.7 per cent dip in revenue to SG$713.1 million (US$532.5 million). Profits slipped to $8.1 million from $23.7 million. Meanwhile, distribution and marketing expenses “remained […]

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Retail Asia01/06/2018

Malaysian low-cost airline, AirAsia, is looking to take its esports activities to new heights. In an Instagram post, Kamarudin Meranun—chairman of AirAsia and CEO of its parent company, Tune Group—says the company will develop its own team, league, and esports centre. With no formal announcement made by the airline yet, it’s not clear whether the company […]

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Retail Asia01/06/2018

Petroliam Nasional Bhd (Petronas) is acquiring a 25% stake in a liquefied natural gas (LNG) project in Kitimat, Canada after it scrapped plans for the Pacific NorthWest LNG project in the country last July due to challenging market conditions as a result of prolonged depressed prices. Petronas said in a statement that its wholly owned […]

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Retail Asia30/05/2018

Pos Malaysia Bhd’s net profit for the fourth quarter ended March 31, 2018 almost tripled to RM29.03 million from RM9.89 million a year ago, mainly due to higher contribution from the courier business coupled with improved cost management. Against the same quarter the previous year, its revenue increased 3% to RM653.08 million from RM653.55 million. […]

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Retail Asia30/05/2018

Allianz Malaysia Bhd’s net profit for the first quarter ended March 31, 2018 jumped 29.9% to RM87.23 million from RM67.17 million a year ago, due mainly to higher contribution from both general and life insurance segments. Its revenue grew 5.2% to RM1.27 billion compared with RM1.21 billion in the previous year’s first quarter, thanks to […]

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Retail Asia30/05/2018

CIMB Group Holdings Berhad has pledged RM 75 million over the next three years to the CIMB 3D Academy, to enhance the digital quotient in all job roles; to enable the group’s digital transformation; and to build an agile, innovative, tech-savvy workforce across the board. The Academy – premised on digital, data and disruption – […]

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Retail Asia28/05/2018

Malaysia’s economy is poised to continue to grow in the third quarter of the year, according to the Department of Statistics. The Leading Index (LI), which monitors the economic performance in average of four to six months ahead, saw an annual change of 0.3% against 1.8 % in the previous month. On a monthly basis, […]

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Retail Asia28/05/2018

AmBank Research (AmResearch) which projects the gross domestic product (GDP) per capita recede by 0.007% with every 1% gain in public debt and debt service, also foresees a near-term volatility in the local and global equity markets, thanks to noises from the domestic and international front. “From our analysis, we found an inverse and significant […]

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Retail Asia28/05/2018

CIMB Group Holdings Bhd is expected to recognise a gain of about RM920 million following the completion of the divestment of its 20% stake in CIMB-Principal Asset Management Bhd and 10% equity interest in CIMB-Principal Islamic Asset Management Sdn Bhd to Principal Financial Group for RM470.29 million today. This, however, is lower than the initial […]

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Retail Asia28/05/2018

In a first quarter marked by expansion and sales growth, 7-Eleven Malaysia saw its net profit soar 11.6 per cent from the same period a year ago. Total sales growth for the quarter was 2.5 per cent, while the gross profit margin continued to improve, says the company. Driven by store openings, higher customer counts […]

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Retail Asia28/05/2018

Aeon Co (M) Bhd rose as much as 6.52% in early trade to RM2.45 after reporting a 6.63% jump in net profit for the first quarter ended March 31, 2018. At 11.23am, the stock was trading at RM2.42 with 941,700 shares done. Aeon’s net profit for the first quarter stood at RM27.94 million compared with […]

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Retail Asia25/05/2018

Japanese retailer AEON Co (M) Bhd is adopting a wait-and-see approach when it comes to the upcoming abolishment of the Goods and Services Tax (GST) on June 1. Executive director Poh Ying Loo said Aeon was still seeking greater clarity from the Pakatan Harapan government. “The GST question was something that was also posed by […]

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Retail Asia24/05/2018

After much delay, Axiata Group Bhd is positive that the merger between its Indian associate company Idea Cellular Ltd and Vodafone India will materialise by the beginning of the third quarter of this year, as just two more approvals are required. Speaking to reporters after the group’s AGM yesterday, Axiata president and group CEO Tan […]

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