KUALA LUMPUR: The Malaysian retail industry achieved a better-than-expected growth rate of 3.8% in retail sales for the first quarter of 2019 (1Q19) as compared with the same period in 2018, said the Domestic Trade & Consumer Affairs Ministry. Deputy Minister Chong Chieng Jen (pix) said as of 1Q19, the services sector contributed 57% to gross domestic product […]
Read MoreSINGAPORE – Fintech start-up soCash is gearing up to grow its Asian distribution network after raising US$6 million (S$8.2 million) in Series B funding, it announced on Monday (July 22). The funding round was led by Japan’s Glory Ltd, and participated by global venture capital fund network Vertex Ventures as well as Standard Chartered Bank’s […]
Read MoreKUALA LUMPUR: RAM Ratings expects Malaysia’s overall inflation rate to accelerate to 1.6% in June (May: 0.2%), fuelled by the low-base effects arising from the removal of the Goods and Services Tax (GST) last year. It said on Monday the inflation rate had plunged to 0.8% in June 2018 after the removal of the GST, […]
Read MoreKUALA LUMPUR: Big US companies are accelerating efforts to move more of their supply chains from China to neighbouring countries in light of Trump administration tariffs. Companies in sectors such as technology, clothing and footwear are exporting more goods from emerging giants including Vietnam and Malaysia, data show. At the same time, the shift has […]
Read MorePETALING JAYA: Significant capacity expansions by casinos in the region have resulted in intensifying competition for Genting Malaysia Bhd ’s casino business, particularly in its mass and premium-mass segment. Affin Hwang Capital Research said casinos in Cambodia, Philippines and Vietnam have recently expanded their capacities, emerging as Genting Malaysia’s “biggest competition threat” in the two segments. It […]
Read MoreKUALA LUMPUR: Maybank Investment Bank Research views the demand-supply rebalancing in the property sector will take some time but home sales may have hit bottom already and should stablise in 2019. In its property outlook report issued on Friday, it said the current rock-bottom valuations of property stocks have priced in the negatives (record high […]
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