Blog

KUALA LUMPUR: The implementation of a 10 per cent sales tax on low-value goods (LVG) costing RM500 and below sold online would allow local businesses to market their products of the same quality at an even selling price, thus boosting consumer demand. Putra Business School economic analyst Assoc Prof Dr Ahmed Razman Abdul Latiff saidRead more

The past few years have been full of ongoing, unprecedented challenges for retailers. Rather than a smooth return to the pre-pandemic world, the receding of global lockdowns has brought new challenges across the spectrum – from higher costs to the persistent threat of recession – all weighed down by multiple global conflicts showing just howRead more

The use of generative AI technology has moved beyond the curiosity phase for retailers and become the foundation for software business applications that enable enterprises to conduct business better and more quickly, according to a report released Monday by Coresight Research and Digital Wave Technology. The 19-page report outlined how generative AI technology is being used to enhanceRead more

The 10.1% increase fell short of the 12.5% expected, even compared with the low base during Covid shutdowns. Retail sales rebounded recently from a second-quarter dip, but accelerating deflation signals ongoing economic recovery challenges. (AP pic) SHANGHAI: Chinese retail sales rose less than expected last month, official data showed Friday, showing demand in the world’s NoRead more

KUALA LUMPUR (Dec 14): A total of US$17 billion (RM79.43 billion) of retail investor capital could be mobilised towards climate investments in Malaysia by 2030, according to Standard Chartered (StanChart)’s Sustainable Banking Report 2023. Of this, US$9 billion might go towards mitigation themes, particularly renewables, energy efficiency and storage. The remaining US$8 billion could beRead more

KUALA LUMPUR (Dec 4): Retail Group Malaysia (RGM) has raised its growth forecast for the retail industry in 2023 to 2.8% from the previously projected 2.7% in September. This adjustment is attributed to a better-than-expected growth rate of 2.7% in retail sales during the third quarter (3Q2023). In the Malaysia Retail Industry Report released onRead more

Socio-Economic Research Centre economist and executive director Lee Heng Guie says inflation is expected to rise higher to 2.8-3.5% in 2024 from an estimated 2.5% in 2023. PETALING JAYA: The government’s intention to review price controls and subsidies in 2024 will affect the outlook for inflation and demand conditions in Malaysia as the country movesRead more

It’s been a little more than a year since OpenAI’s ChatGPT hit the web, setting off an explosion in interest in generative AI. In the months since, tech giants including Microsoft (MSFT), Google (GOOG, GOOGL), Amazon (AMZN), Meta (META), and others have debuted or announced they’re working on their own generative AI chatbots and products. But that’sRead more

PETALING JAYA: The opening of The Exchange TRX this month is expected to generate more retail space competition in the local real estate investment trust (REIT) sector. CGS-CIMB Research said The Exchange TRX which is slated to be open to the public tomorrow, is likely to be a direct competitor to Pavilion KL and SuriaRead more

KUALA LUMPUR/SINGAPORE, Nov 30 (Reuters) – Sime Darby (SIME.KL), Malaysia’s industrial and automotive conglomerate, is looking to set up a luxury car retail business in India and expand in Indonesia to tap into the growth potential of both economies, its top executive told Reuters. “We cannot ignore India,” Group Chief Executive Officer Jeffri Salim Davidson toldRead more