Blog

KUALA LUMPUR: Permodalan Negeri Selangor Bhd (PNSB), IJM Corp Bhd and Lim Seong Hai Capital Bhd (LSH) have announced a strategic collaboration targeted at transforming the road transportation infrastructure in the southern districts of Selangor. In a joint statement, ithe companies said the initiative is focused on the Southern Selangor Integrated Regional Development (IDRISS). IDRISS aims to boost theRead more

Malaysia has announced a goal to create five domestic US$1 billion ‘unicorns’ by 2025 as part of its plan to become a global start-up hub The goal comes years after Malaysia did a U-turn on its tech ambition when it sidelined the Multimedia Super Corridor scheme The skyline of Kuala Lumpur. Economy Minister Rafizi RamliRead more

Daraz Group – the leading e-commerce company in South Asia, excluding India, owned by Alibaba Group Holding – is set to conduct a new round of lay-offs amid “unprecedented challenges in the market”, a year after slashing 11 per cent of its workforce. “Reluctantly, we will bid farewell to many valued members of the Daraz family,” acting chief executive James Dong saidRead more

According to estimates by various sources, the global e-commerce market was valued at between $2.5 and $3 trillion in 2023, more than the projected 2024 nominal gross domestic product in current prices of countries like Brazil, Italy, Canada or Russia. It is no surprise that many companies are looking to score a piece of the ever-increasing pie,Read more

Group CEO Abdul Rahman reiterates the bank’s focus on completing its Forward23 strategic plan and delivering on key focus areas. KUALA LUMPUR: Malaysia’s second largest banking group CIMB Group Holdings Bhd is maintaining its vigilant stance for 2024, while attributing to the familiar factors of China’s sluggish recovery and global geopolitical tensions, coupled with continued industry competitionRead more

HONG KONG, Feb. 23, 2024 /CNW/ — J&T Express, a global logistics service operator, announced the company has achieved significant enhancements in parcel volume and delivery efficiency across several key markets in China and Southeast Asia during the recent Lunar New Year, attributing to the company’s continuous operational capacity improvements and early preparations for the holiday season. Data of J&T ExpressRead more

The MOU was exchanged by CEO of MDEC Mahadhir Aziz and CEO of BMCC Jennifer Lopez, witnessed by Minister of Digital Gobind Singh Deo, with the UK Prime Minister’s Trade Envoy to the ASEAN EC, Indonesia, Malaysia and the Philippines Richard Graham, the UK High Commissioner to Malaysia Ailsa Terry, and Secretary General of Malaysia’sRead more

KUCHING: Operators of e-commerce or online sales platforms have a responsibility to combat the sale of unregistered medical devices, said Deputy Health Minister Datuk Lukanisman Awang Sauni. He said every medical device must be registered with the Medical Device Authority (MDA) to ensure the quality and safety of the device. “Any medical device that isRead more

Prime Minister Anwar Ibrahim says a more inclusive approach in addressing the Bumiputera economy means resolving issues affecting other communities too. Prime Minister Anwar Ibrahim hopes the Associated Chinese Chambers of Commerce and Industry of Malaysia will participate in the Bumiputera economic congress. (Bernama pic) KUALA LUMPUR: The upcoming Bumiputera economic congress will be inclusiveRead more

Sales growth slowed last month amid cost of living crisis, poor weather and rail strikes The traditional January sales on the high street failed to inspire a revival in consumer spending last month, as households continued to cut back amid the cost of living crisis. Britain’s largest retailers said sales growth slowed last month asRead more