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Tag: malaysia

Retail Asia13/10/2021
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General

AirAsia to reopen all Malaysian routes, push for overseas flights

8min0
AirAsia sees brighter skies ahead after Malaysia lifted interstate travel restrictions, with the low-cost carrier also pushing to restart international flights to Thailand, Sri Lanka and the Maldives as early as next week, its president told Nikkei Asia. Bo Lingam, AirAsia Group’s president for airline operations, said in an interview Monday that the company is “very relieved” […]
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Retail Asia29/09/2021
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General

Malaysia’s AirAsia X reports record quarterly loss of $5.9bln

2min0
AirAsia X—the long-haul affiliate of Malaysian tycoon Tony Fernandes’ AirAsia Group—reported its biggest-ever quarterly loss as travel restrictions aimed at curbing the further spread of Covid-19 grounded the budget carrier’s planes. The airline posted a net loss of 24.6 billion ringgit ($5.9 billion) in the three months ended June 30 following the suspension of flights since […]
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Retail Asia29/09/2021
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Finance

Singapore and Malaysia to Link Real-Time Payment Systems

3min0
The link will enable more seamless payments for the high volume of remittances between the two neighbors, which reached S$1.3 billion ($960 million) in 2020. Singapore and Malaysia’s central banks will be embarking on a phased linkage of PayNow and DuitNow, their national real-time payment systems, the Monetary Authority of Singapore (MAS) said in an […]
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Retail Asia24/09/2021
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Food

Rocket Internet-backed Flash Coffee plans Asia-wide rollout

3min0
The tech-enabled coffee chain, Flash Coffee, is accelerating its Asian expansion plan, making its Hong Kong debut this month and committing to opening its first stores in Japan and South Korea later this year. Launched last year, Flash Coffee already operates more than 100 locations across Indonesia, Thailand, Singapore, Taiwan and Hong Kong. The chain […]
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Retail Asia14/07/2021
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Fashion

Malaysia’s Industronics to launch online pre-owned watch platform

5min0
Industronics Bhd is tapping on the US$17 billion pre-owned luxury watch market through Ecgo International Ltd, its wholly-owned subsidiary in Hong Kong. This follows the launch of Industronics’ luxury watch e-commerce platform, watch-exchanges.com. Executive director Datuk Chu Boon Tiong said based on data and overall market performance, the pre-owned luxury watch market showed promising growth […]
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Retail Asia13/07/2021
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Finance

Malaysia Targets KPMG Partners for 1MDB Damages

2min0
The Malaysian government is seeking billions of dollars in damages from KPMG partners as part of an ongoing pursuit to recover 1MDB-linked funds. Malaysia is seeking over $5.6 billion from 44 current and former KPMG partners over alleged breaches and negligence relating to the 1MDB scandal, according to a  report citing court documents. This is equivalent […]
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Retail Asia02/07/2021
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Finance

HSBC Names Malaysia Head of Wealth and Personal Banking

2min0
HSBC has appointed a successor for the role of wealth and personal banking head in Malaysia after it was left vacant for three months. HSBC named Renee Bullock-Cann as head of wealth and personal banking (WPB) in Malaysia, according to a statement, succeeding Tara Latini who was named head of WPB in the U.S. in April. Bullock-Cann reports to HSBC […]
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Retail Asia07/06/2021
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Finance

StanChart Keeps Affluent Clients Engaged Amid Border Closures

2min0
The bank is deploying digital functionalities to keep clients stay engaged with relationship managers and investment advisors while travel is halted. Since April, almost half of its affluent clients have been using the bank’s My RM app, with significant usage from International Banking clients, Standard Chartered said. Embedded within its online and mobile banking platforms, […]
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Retail Asia04/06/2021
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Finance

Deloitte Hands Over 1MDB Settlement to Malaysia

2min0
The latest chapter of the Malaysian government’s asset recovery efforts follows effective settlements recently achieved. The Malaysian government has received a remittance from Deloitte totaling RM336 million ($80 million) in relation to 1Malaysia Development (1MDB) matters, the country’s finance ministry said on Thursday. The auditor, the first to face penalties related to the scandal-ridden fund, was fined […]
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Retail Asia26/05/2021
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Telecom

Nokia chosen by Allo for gigabit fiber network in Malaysia

4min0
Nokia announced that it has been chosen by Allo, an Information and Communications Technology service provider in Malaysia, to deploy a gigabit fiber network in the states of Melaka, Johor, Negeri Sembilan, and East Coast of Malaysia. The deployment, which includes Nokia’s Gigabit Passive Optical Network (GPON) solution and Access Management System, will be completed by end of Q2 2021 covering nearly 150,000 home passes. When completed, the end-users will be able to enjoy a high-speed broadband network and applications that […]
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Retail Asia05/05/2021
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Food

Taco Bell makes Malaysian debut

2min0
Indulge your guilty pleasures with time-tested regret eating when Taco Bell opens its first Malaysian outlet next month at the Cottage Walk commercial center in Cyberjaya, Selangor. Rather than coming to Petaling Jaya as originally announced, the American fast-food chain, famous for cheap Tex-Mex cuisine often consumed to wash down a night of partying, will […]
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Retail Asia22/04/2021
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Telecom

Microsoft to establish first datacenter region in Malaysia to support economy

10min0
Microsoft Corp. announced its “Bersama Malaysia” (Together with Malaysia) initiative, which marks a significant commitment to empowering Malaysia’s inclusive digital economy and advancing the nation’s digital transformation across the private and public sectors. As part of the plan, Microsoft will establish its first datacenter region in the country to deliver trusted cloud services locally, with […]
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Retail Asia19/04/2021
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Finance

Citigroup to exit consumer banking in Vietnam

1min0
America’s Citigroup will exit 13 international consumer banking markets, including Vietnam, to shift its focus to four wealth centers. The move is part of the bank’s strategic decision to direct investments and resources to businesses with the greatest scale and growth potential, it stated, adding its main markets will include Singapore, Hong Kong, the United […]
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