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The UMW Group started 2021 on an encouraging note as both UMW Toyota Motor (UMWT) and its associate company, Perodua, registered healthy automotive sales in January. The sustained demand was due to the sales tax exemption incentive which has now been extended to 30 June 2021. UMWT achieved sales of 3,845 units in January 2021, […]
Continue ReadingAEON Malaysia (AEON) has signed an agreement with Boxed to utilise its state-of-the-art technology to accelerate AEON’s expansion into new retail offerings. A proven e-commerce platform in the United States of America (US) that was fully developed in-house, Boxed recorded an annual turnover of more than USD500 million. It has redefined the wholesale shopping experience […]
Continue ReadingCIMB Bank Berhad and CIMB Islamic Bank Berhad (collectively “CIMB” or “the Bank”) have launched CIMB GreenBizReady, a one-stop sustainability solution for Malaysian small and medium enterprises (‘SME”) looking to start and progress on their sustainability journey. With an allocation of RM250 million, SMEs will be empowered through financial solutions and incentives such as sustainability-linked […]
Continue ReadingThe Securities Commission Malaysia (SC) and Bursa Malaysia Berhad (Bursa Malaysia) are closely monitoring the local stock market in light of the current price surge of selected stocks in the US markets, fuelled by social media chatrooms against short-sellers. Malaysian investors are advised to be cautious of social media chatrooms that try to influence investors […]
Continue ReadingIt is usually believed that businesses are a function of the environment they operate in. The past year has been nothing but a testimony to prove that statement. With the entire year being a long trail of uncertain events, businesses were forced to anticipate and adapt according to the changing scenarios. Strategies were aligned and […]
Continue ReadingIn many key Asian markets, the Lunar New Year is the biggest festive event for the FMCG industry by sales value, driven by higher demand for food, beverages, alcohol, personal care and household products. Boosted by festive spending, markets such as Chinese Mainland (up 33%), Hong Kong (up 27%), Malaysia (up 32%) and Vietnam (up […]
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