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Retail Asia24/05/2018

Headline inflation rate rose by 1.4% year-on-year (y-o-y) in April 2018, slightly higher than 1.3% year-on-year registered in the preceding month as transport inflation rebounded from a negative territory logged for two months to positive at 0.4% y-o-y, said MIDF Research. Amid unfavourable base effects, MIDF Research foresees headline inflation rate to average at 2.6% […]

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Retail Asia24/05/2018

Boustead Plantations Bhd saw its net profit slump 82.2% to RM5.26 million for the first quarter ended March 31, 2018 compared with RM29.56 million in the previous corresponding period, dragged by lower prices of palm products. Revenue also fell 18.2% to RM154.6 million from RM189.02 million. Boustead Plantations has proposed to declare an interim dividend […]

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Retail Asia24/05/2018

D.B.E. Gurney Resources Bhd’s subsidiary, D.B.E. Poultry Sdn Bhd (DBEP) has on May 23, 2018 entered into a joint venture agreement with Farmmesh Foods Co LTD (FFCL) to open and jointly operate Quick Service Restaurant operations with Harumi™ fried chicken brand concept in Thailand. The deal is following a Memorandum of Understanding signed between the […]

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Retail Asia23/05/2018

Axiata Group Bhd fell into the red in the first quarter ended March 31 registering a net loss of RM147.41 million against a net profit of RM239.02 million in the same quarter a year ago, due to the share of losses reported by its associate company Idea Cellular Ltd, which operates in a backdrop of […]

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Retail Asia23/05/2018

Low-cost, long-haul carrier AirAsia X Bhd saw a more than fourfold jump in net profit in the first quarter ended March 31, 2018 to RM41.5 million from RM10.34 million in the same quarter a year ago. Revenue for the period under review rose 7.2% to RM1.27 billion from RM1.18 billion on the back of a […]

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Retail Asia23/05/2018

Malaysia’s first quarter (1Q18) gross domestic product (GDP) growth came in at 5.4% year on year, lower than the consensus projection but AmBank Research is maintaining its 5.5% GDP growth for this year as it expects private consumption and the services sectors to continue to support growth together with other areas of business activities. “Apart […]

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Retail Asia23/05/2018

Asian-Korean restaurant chain Seoul Garden has marked its 35th anniversary with a celebration at its first Malaysian outlet, in Gurney Plaza, Penang. The brand’s grill and steamboat buffet included marinated meats such as coffee chicken and beef bulgogi. Seoul Garden Group COO Siow Yong Wu says the brand has come a long way since its […]

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Retail Asia23/05/2018

Grab announced a strategic partnership with Maybank to drive the acceptance and usage of Grab’s new cashless payment method, the GrabPay mobile wallet. The announcement comes as Grab, which received its e-money license from Bank Negara Malaysia in December 2017, is set to launch its GrabPay mobile wallet in beta in the coming weeks. With […]

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Retail Asia23/05/2018

Despite the rising perception that more Malaysians would choose to rent than to buy a home, statistics from the recent PropertyGuru Consumer Sentiment Survey show that 92% of those polled would rather own the roof over their heads than to lease. Among those polled, about 33% were presently renting with 67% residing in their “own […]

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Retail Asia23/05/2018

Total vehicle sales in April 2018 increased 10.2% or 4,343 units to 47,089 units, compared with 42,746 units a year ago, according to the Malaysian Automotive Association (MAA). On a month-on-month basis, April saw a decline of 5.8% or 2,896 units as consumers adopted a wait-and-see attitude due to the general elections. Meanwhile, the association […]

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Retail Asia23/05/2018

Bursa Malaysia opened lower, extending yesterday’s losses on continued selling in selected heavyweights and in line with most regional peers, dealers said. At 9.17am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 6.01 points lower at 1,839.02 from Tuesday’s close of 1,845.03. The index opened 1.63 points weaker at 1,843.40. On the broader market, […]

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Retail Asia22/05/2018

ShopBack, the leading online Cashback platform that partners more than 500 online shops in Malaysia, foresees Raya sales will reach its peak in the first week of June, given the 0% GST implementation from June 1st onwards. “Our partners have started to prepare for an early June promotion as that will likely be the week […]

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Retail Asia22/05/2018

Malaysian businessman and AirAsia’s chief executive officer Tan Sri Tony Fernandes has expressed interest to work with the Football Association of Malaysia (FAM) after visiting the national body for a meeting on Monday. “At the meeting, Tony, through his company AirAsia, expressed his interest to collaborate with FAM in the future for various aspects such […]

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Retail Asia21/05/2018

After getting its official debut in China under the Nova 3e moniker, the Huawei P20 Lite is making a stop in Malaysia under the same name. The official date is May 25 with a starting price of RM1,399 ($352). Despite the change in the name, this is very much the same smartphone. The selfie camera sensor is the […]

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Retail Asia18/05/2018

QSR Brands Holdings’ wholly owned subsidiary QSR Stores has signed a memorandum of understanding with Petronas Dagangan to gradually open 50 KFC Drive-Thru outlets at Petronas gas stations within the next three years. QSR Brands MD Mohamed Azahari Mohamed Kamil says the strategic collaboration provides an excellent opportunity for the quick-service restaurant group to expand […]

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Retail Asia15/05/2018

The Malaysian franchise of McDonald’s Corp said it was “disappointed” with calls on social media to boycott the fast-food restaurant chain in apparent retaliation against the US’ recognition of Jerusalem as the capital of Israel. Social media users in the Muslim-majority country have called on people to boycott various American companies following United States President […]

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Retail Asia11/05/2018

Sneaker specialist Aw Lab Malaysia has launched a flagship store in Suria KLCC shopping mall, Kuala Lumpur. It carries exclusive collections from such brands as Adidas, Nike, Puma and Reebok, and introduces two new labels to the Malaysian streetwear market, Down Up and Two of a Kind. Malaysian celebrities Alicia Amin, Caprice, Elizabeth Tan and […]

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Retail Asia11/05/2018

Malaysia’s central bank is set to keep interest rates unchanged on Thursday, providing policy stability after the shock election victory of Tun Dr Mahathir Mohamad. All 18 economists surveyed by Bloomberg before Wednesday’s poll had forecast Bank Negara Malaysia will hold its benchmark rate at 3.25 percent. Economists at Nomura Holdings Inc. and Maybank Kim […]

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Retail Asia02/05/2018

AMMB Holdings Bhd remains fully committed to driving its banking business (AmBank Group) forward despite its major shareholders looking set to exit the group. The Australia and New Zealand Banking Group (ANZ) is the most substantial shareholder in AmBank Group, holding a 23.78% stake, and provides support in board and senior management representations, risk and […]

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Retail Asia01/05/2018

ShopBack, the leading online Cashback platform that partners majority of transportation and accommodation booking sites in Malaysia, observes a 26% increase in travel purchases among its local users since the unveiling of the 14th General Election’s voting day (May 9th). “The next peak period for travel booking after March’s MATTA fair is supposed to be […]

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