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Trademark Your Brand With Only 28 Sen Daily!

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RECENTLY, a young woman in Kelantan was nabbed for operating a business as a distributor for fake goods bearing the Siti Khadijah brand name telekung (female Muslim prayer outfit) that were being sold at various night markets there. The 25-year-old Cambodian native’s modus operandi is simple. She claimed to have a relative in Vietnam who supplied the goods…

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Loob Holding Rebrands Chatime As Tealive

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KUALA LUMPUR: Loob Holdings Sdn Bhd, which owned Chatime bubble tea staple, has rebranded its 161 outlets to Tealive and remained on track for its expansion plan for the next two years. Loob Holdings chief executive officer, Bryan Loo, said with the exercise costing less than RM10mil, all its 161 outlets would be officially transformed…

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Chatime Brand Owner Claims Loob Used Unapproved Materials

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KUALA LUMPUR: The dispute between Chatime brand owner La Kaffa International and outgoing franchisee Loob Holding Sdn Bhd has taken a new twist over allegations of outstanding payments and the usage of unapproved raw materials. The Taiwan-based La Kaffa had on Friday alleged Loob breached the exclusive master franchise agreement. It claimed that a substantial…

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Cha Time Bids Farewell

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PETALING JAYA: Popular tea drink Chatime in Malaysia will be rebranded soon after its Taiwanese franchisor ended the partnership prematurely. Chatime master franchisee for Malaysia, Loob Holding Sdn Bhd, said in a statement yesterday that it was now in the process of creating its own brand for its 165 outlets after the termination of its…

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Feb 14-16 Trial For Trader On Daesh-Related Charges

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KUALA LUMPUR – The High Court here today set Feb 14 till Feb 16 for the trial of a trader charged with four Daesh-related offences. Mohd Shaifful Shahril Ramli, 28, is accused of providing support to Daesh through the Telegram application under the name Anonymous in his handphone, at Kampung Sri Indah B, Sungai Buloh,…

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F&N Sees Challenging Market On Rising Prices, Weak Ringgit

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KUALA LUMPUR: Fraser and Neave Holdings Bhd (F&N) is rolling out an inventory management project to cut costs, as it expects a challenging 2017 market with escalating commodity prices and a weakening Ringgit. It said on Thursday the project could boost sales of up to RM300mil in the coming years by re-evaluating its product and…

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Mydin To Invest RM500mil To Open 5 New Malls

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KUCHING: Mydin Mohamed Holdings Bhd, which owns Mydin, the country’s largest hypermarket chain, is to invest RM500mil to open five new hypermarkets, nationwide. Mydin Mohamed Holdings’ principal architect Hiew Hong Keat said the five new outlets included three hypermarkets here and one each in Malacca and Kedah. “Mydin has invested RM25mil to open its 25th…

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5 Malaysian Firms On Forbes Asia ‘Best Under A Billion’ List

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KUALA LUMPUR: Five Malaysian companies, including new entrant Karex Bhd, the world’s largest manufacturer of condoms, made it to the 2016 Forbes Asia’s “Best Under A Billion” list. The other companies are semiconductor player Inari Amerton Bhd, construction company Mitrajaya Holdings Bhd, MY E.G. Services Bhd (MyEG) and Signature International Bhd. The “Best Under A…

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Ralph Lauren To Cut About 1,000 Jobs And Shut Shops

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Ralph Lauren Corp is cutting about 1,000 jobs and closing 50 stores as part of a sweeping plan to lower costs and revive sales growth at the luxury fashion brand. Shares of Ralph Lauren, which also forecast declines in full-year and first-quarter revenue, fell as much as 10.4 percent to $86.32 in early trading on…

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Teng Family Continues To Run Jaya Grocer

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PETALING JAYA: The Teng family, best known as the founders of the Giant retail chain from which they divested in 1999, will continue to manage and majority-own the Jaya Grocer high-end supermarket retail chain. Retail industry officials said that the Teng family will continue to hold 55% of Jaya Grocer, while a private equity fund,…

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China’s Alibaba In US$1 Bln Deal With Lazada To Boost Presence In Southeast Asia

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By Samantha Tan Chiew Ting BEIJING: China’s Alibaba Group Holding Ltd has acquired a controlling stake in Lazada, a leading e-commerce platform in Southeast Asia. The transaction consists of an investment of about US$500 million in newly issued equity capital of Lazada and acquisition of shares from certain shareholders, for a total investment of about…

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Ekuinas, Partner Sell 100% Stake In San Francisco Coffee For RM24mil

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KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas), together with its partner, Datuk Abdul Rahim Mohd Zin, will divest 100% stake in Lyndarahim Ventures Sdn Bhd, the holding company of San Francisco Coffee (SF Coffee) for RM24mil. In a statement, the government-linked private equity fund management company said it was disposing of its 90% equity stake in…

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High Resilience Economies, Businesses Vital For Stability And Equitable Growth – PM

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KUALA LUMPUR: Building high resilience economies and businesses is important for preserving stability and promoting equitable growth, says Prime Minister Datuk Seri Najib Tun Razak. “None of us can totally shield ourselves from the vagaries and uncertainties of rapidly changing markets and currency fluctuations. “It is therefore, more important than ever, that we build economies…

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MSM Malaysia Expanding To UAE

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KUALA LUMPUR: MSM Malaysia Holdings Bhd is expanding its business into United Arab Emirates (UAE) with the opening of the MSM Trading International DMCC office. In a statement here, MSM said the Dubai-based trading hub would start operations on Dec 1, after receiving its trading licence from the Dubai Multi-Commodities Centre. “From January 2016, MSM…

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UMW Inks Deal With Rolls-Royce

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PUTRAJAYA: UMW Group has secured an RM830 million deal with Rolls-Royce Ltd to manufacture and assemble aero engine fan cases. The 25-year agreement will see UMW M&E Sdn Bhd and subsidiary UMW Aerospace Sdn Bhd making fan cases for Rolls-Royce’s Trent 1000 engines which power the Boeing 787 Dreamliner. Prime Minister Datuk Seri Najib Tun…

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Domino’s Pizza Allocates RM12.5mil. On Capex

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SHAH ALAM: Domino’s Pizza will spend RM12.5 million on capital expenditure (capex) this year, said Senior Marketing Manager for Malaysia and Singapore, Linda Hassan. She said as of June 2015, RM5 million had been spent. “This is expected to result in double-digit growth in revenue. Our sales come from two platforms — online and over-the-counter. A big portion…

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Aeon Sets Eyes On Buying Tesco Malaysia Valued At RM5.32bil

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KUALA LUMPUR: Japan’s Aeon Co Ltd is interested in buying the Malaysian operations of Britain’s Tesco PLC, valued at US$1.4bil (RM5.32bil), people familiar with the matter told Reuters. Japan’s largest retailer has been venturing into South-East Asia where purchasing power is rising in fast-growing economies. In contrast, growth has been hampered at home by deflation,…

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SSM-ONE An Excellent Platform For Online Businesses

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Business is a form of economy that was endorsed by the Prophet Muhammad himself, as he himself regarded business as the best source of income. In keeping up with the times and realizing the high potential of online business, the Companies Commission of Malaysia (SSM) have introduced  an entrepreneurial program, the SSM-ONE (Online Networking Entrepreneurs)…

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The Top 10 Franchises In Malaysia You Need To Know

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Malaysia has a thriving franchise industry as the Malaysian government is one of the most franchise-friendly governments in the world and has always encouraged franchising. Many people opt to buy a franchise because of the ease of getting a business up and running as a successful business model is already in place. In this article,…

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Najib Urges Business Community To Focus More On Productivity, Innovation

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KUALA LUMPUR – Datuk Seri Najib Tun Razak has urged the business community to focus more on productivity and innovation in running their organisations. The prime minister said the two elements must be given the highest priority in running the organisation as it is the key to success in today’s intensely competitive economic environment. “Every…

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Every Friday, The City Of Kota Bharu Will Halt Operations For Two Hours

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Kota Bharu: In the wake of Terengganu’s move for its malls to close for two hours on Fridays, the Kota Baru Municipal Council has now gone a step further. It has directed all business premises – and not just those with Muslim workers – to observe a two-hour closure from 12.30pm till 2pm every Friday.…

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Govt To intensify Participation Of SMES In Online Business

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MELAKA – The government will intensify the involvement of small and medium entrepreneurs in conducting their business online in tandem with technological advancement and social media. International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the move, which would be undertaken with the cooperation of the Multimedia Development Corporation Sdn Bhd (MDeC), was suitable…

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Tesco Join Forces With Touch ‘n Go

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To make it more convenient for shoppers to pay for their groceries, Tesco Stores (M) Bhd recently launched its improved Clubcard. The new Clubcard, in collaboration with Touch ‘n Go Bhd (TNGSB), aims to provide loyal customers with a greater shopping experience at Tesco and to gain better rewards. Tesco Malaysia chief executive officer Georg…

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Maybank Nets RM1.61bil. In Q3

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KUALA LUMPUR: Malayan Banking Bhd’s (Maybank) net profit eased eight per cent to RM1.61 billion in the third quarter to September 30 from RM1.7 billion a year ago, dragged down by its insurance and takaful divisions. Group revenue, however, rose eight per cent higher to RM8.93 billion from RM8.28 billion in the same quarter last…

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AirAsia X Posts Net Loss Of RM210mil In Q3

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KUALA LUMPUR – Malaysia’s AirAsia X Bhd, the long-haul arm of Asia’s biggest budget carrier AirAsia Bhd, posted its fourth consecutive quarterly loss as higher operating expenses, foreign exchange losses and finance costs eat into its margins. AirAsia X reported a net loss of 210.9 million ringgit for the July-September quarter, versus a net profit…

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Marini’s On 57 Wins ‘Brand Of The Year’ Award In Restaurant Category

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KUALA LUMPUR: Marini’s on 57 has been named the Brand of the Year in the restaurant category at the World Branding Awards organised by World Branding Forum (WBF) held at the One Whitehall Place, London. In a statement today, founder Modesto Marini said winning the award was truly an international recognition. “This accolade by the WBF is…

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Hijab Is Big Business Online

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KUALA LUMPUR – The “hijab” or Muslim head covering is big business in Malaysia these days. It is worn for reasons of modesty, but the plethora of hijab available today makes them a fashion statement as well. Online sellers do very well in Malaysia, marketing their items on Facebook or Instagram. The online store is…

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