The Malaysian Pulse
Beat of the Nation
Tue, 17 Sep 2019, 12:58 PM
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Topic: Sales

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H&M sales grow for sixth quarter
GENEVA: Hennes & Mauritz AB’s sales gained for a sixth consecutive quarter as the Swedish retailer tries to reduce a buildup of inventory and end a three-year slump in...
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Singapore August private home sales up 81.9% from year earlier
SINGAPORE: Sales of private homes by developers in Singapore rose 81.9% in August from a year earlier, government data showed on Monday.
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Lim: No plans to bring back GST
KUALA LUMPUR: The government will not be bringing back the Goods and Services Tax (GST), said Finance Minister Lim Guan Eng.
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Proton sets up new 3S centre in Kuantan
KUANTAN: Proton has officially opened its new 3S (Sales, Service and Spare parts) centre in Kuantan - making it the third dealer outlet in the state of Pahang to carry the company’s new corporate id...
theSun:
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PH, BN leaders back call for reimplementation of GST
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Hong Kong unrest rocks insurers’ sales as China buyers balk
One of the biggest sources of demand for Hong Kong insurance products is drying up as the city’s summer of unrest deters Chinese buyers.
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Volvo Car Malaysia Launches New 3S Centre in Mutiara Damansara With Ingress Swede Automobile
It’s no surprise that the newest showrooms are the often times the best showrooms.
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Year-long debt crisis hits India bond market plans
MUMBAI: India’s plans to expand its corporate bond market are running up against a year-long credit crisis, in another obstacle for Prime Minister Narendra Modi’s efforts to jumpstart a sputtering economy.
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Reintroduce GST to bolster nation’s coffers, say economists
PETALING JAYA: The government should consider reintroducing the unpopular Goods and Services Tax (GST) for Budget 2020 to replace the Sales and Services Tax (SST) if it wants to increase its coffers, ...
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Volvo Car Malaysia Launches New 3S Centre In Skudai
Volvo Car Malaysia, together with its dealer-partner, Pekin Auto Sdn Bhd have opened the doors to a new showroom in Skudai, Johor Bahru, further bolstering the brand’s presence in the Southern regio...
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This Is The New Volkswagen Logo – Marks The Start Of The Electric Era
In addition to the Volkswagen ID.3, which in itself heralds a new era of full-electric vehicles for the company, Volkswagen also premiered its “New Volkswagen“ logo and brand design at the ongoing...
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Fire fails to extinguish enthusiasm for super hot travel deals
KUALA LUMPUR: A small fire at the Putra World Trade Centre (PWTC) failed to dampen the MATTA Fair with large numbers of people attending the last day.
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Firms stung by trade war build domestic brands
FOR over a decade, manufacturer Matsutek plied away at building its business with big Western brands, supplying firms such as Philips and Honeywell with products made...
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Grab and Gojek square off in an international food fight
Nanik Soelistiowati, the owner of a banana fritter stall in West Jakarta, is the unlikely prize in a battle between two of the most valuable technology startups in Asia.
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paultan.org PACE 2018 visitor bought a Mercedes-Benz GLC, wins RM25k luxury holiday in lucky draw
What’s better than the joy of having a shiny new premium car in the porch?
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Proton records 9,127 registrations in August; 10,000 bookings received for 2019 Saga since launch
Proton continues to chart sales growth with its latest figures of 9,127 units registered for August this year, according to the automaker.
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Electric car sales fall for first time after China cuts subsidy
SHANGHAI: Global electric-car sales fell for the first time in modern history in July after China scaled back purchase subsidies, highlighting the role government assistance is having on the burgeoning market.
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Hai-O expecting a challenging year ahead
PETALING JAYA: Hai-O Enterprise Bhd (Hai-O) is expecting financial year ending April 30,2020 (FY2020) to be challenging on the back of a high cost of living that is...
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Apple likely to unveil latest iPhone on Sept 10
Apple Inc will host an event on Sept 10 at the Steve Jobs Theater in the company's Cupertino, California campus, where it is widely expected to unveil new iPhone models.
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Auto Bavaria delivers the first BMW i3s in Malaysia
PENANG: Auto Bavaria, the largest authorized BMW dealership in Malaysia, recently delivered the first premium pure electric vehicle, the BMW i3s to its first customer in Malaysia.
The Borneo Post:
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Royal Brunei Airlines expands services to Sandakan, Tawau
Martin (second left), William (third left), Asulhamhaidi (fourth left) and Ai Ling (fifth left) at the launch of the RB Link’s flight services to Sandakan and Tawau.
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China’s car wreckage cries out for consolidation
HONG KONG: Chinese carmakers are involved in a slow-motion wreck.
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US trade sanctions hit Panasonic Malaysia export sales
KUALA LUMPUR: Home appliances maker PANASONIC MANUFACTURING Malaysia Bhd said revenue in the second quarter ended June 30 was affected by trade sanctions imposed by the US against certain Middle East ...
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RHB Research retains Buy on DRB-Hicom with higher TP
KUALA LUMPUR: RHB Research Institute is maintaining its Buy call on DRB-Hicom with a higher target price of RM3.35 from RM3.05,14% upside plus 0.3% yield.
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Claims data points to high-end electric car risks, says AXA
DUEBENDORF (Switzerland): Electric luxury cars and sport utility vehicles (SUVs) may be 40% more likely to cause accidents than their standard engine counterparts, possibly because drivers are still g...
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Sea posts huge revenue bump amid much-improved margins
Singapore-based Sea Group posted a total adjusted revenue of US$665.4 million for Q2 2019, up 203.1% year on year from US$219.6 million, while the total adjusted EBITDA was -US$11 million compared wit...
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FMM calls for corporate tax cut in 2020 Budget
KUALA LUMPUR (Aug 21): The Federation of Malaysian Manufacturers (FMM) has asked the Government to reduce the corporate tax rate to 20 percent from the current 24 percent in the upcoming 2020 Budget.
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Heineken reports higher Q2 profit on rising beer sales
KUALA LUMPUR: Heineken Malaysia Bhd said second quarter earnings jumped by almost a fifth, boosted by stronger beer sales.
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Mah Sing turns 25, unveils the Lock and Win campaign
IN conjunction with its 25th year anniversary, property developer Mah Sing Group rolled out its latest sales campaign named Lock and Win, to reward buyers from RM2mil worth of prizes when they purchase from a selection of the group’s homes and commercial spaces nationwide.
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Carlsberg posts higher net profit, revenue in Q2 FY19
KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd posted higher net profit and revenue in the second quarter ended June 30, 2019 driven by higher sales across all major product segments fuelled by continuous marketing investments on consumer-facing activities.
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The dilemma of hope
If the past couple of weeks are anything to go by, then we have a real reason to worry about the state of our nation.
Malay Mail:
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India's passenger vehicles sales sink for ninth month in July
NEW DELHI, Aug 13 ― India's domestic passenger vehicle sales fell for the ninth straight month in July, an auto industry body said yesterday, amid a deepening crisis in the country's automobile sect...
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China new-energy vehicle sales drop
BEIJING: Sales of new energy vehicles (NEVs) in China fell 4.7% in July from a year earlier, the first drop in more that two years, data from the country’s biggest auto industry association showed.
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German exports to Iran halve in first half as US sanctions bite
BERLIN, Aug 12 — German exports to Iran fell by nearly half in the first six months of 2019, data showed today, suggesting companies are scaling back business ties with Tehran to avoid trouble with ...
Free Malaysia Today:
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Stop moaning and fill your promises, Yong urges DAP
KOTA KINABALU: Former Sabah chief minister Yong Teck Lee called on DAP supremo Lim Kit Siang and his son Lim Guan Eng to fulfil their promises to Sabah instead of lamenting a purported loss of support...
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Adidas continues growth sprint in Q2
FRANKFURT AM MAIN, Aug 8 — German sportswear maker Adidas said today its strong growth continued into the second quarter, seeing its biggest problems in overcoming bottlenecks in its supply chain.
Malay Mail:
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Singapore firms operating in protest-racked Hong Kong hit by declining sales, late deliveries
SINGAPORE, Aug 8 — Some Singapore companies operating in Hong Kong have taken a financial hit amid the ongoing political unrest engulfing the city.
Malay Mail:
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SoftBank Group triples net profit in Q1
TOKYO, Aug 7 ― Japan's SoftBank Group said yesterday its first-quarter net profit more than tripled thanks to exceptional gains related to the sale of shares in Chinese e-commerce giant Alibaba.
Malay Mail:
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Sales of Japanese cars in S. Korea slump as diplomatic row worsens
SEOUL, Aug 5 — Sales of Japanese-branded autos in South Korea slumped in July amid a worsening diplomatic row between the two countries that has led to consumer boycotts and efforts by Seoul to cut ...
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Toyota Q1 net profit up nearly 4pc, full-year profit revised down
TOKYO, Aug 2 — Japanese car giant Toyota said today its first quarter net profit rose thanks to solid sales and cost cutting efforts, but it revised down full-year profit partly due to a stronger ye...
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Volvo Car Malaysia appoints new dealer in Johor Baru
JOHOR BARU: Volvo Car Malaysia has appointed Pekin Auto Sdn Bhd as its latest dealer representative in Johor Bahru, in line with its expansive transformation plan.
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Volvo Car Malaysia Welcomes Its Latest Dealer in Johor
Volvo Car Malaysia has appointed Pekin Auto Sdn Bhd (“Pekin Auto”) as its latest dealer representative in Johor Bahru.
AutoBuzz.my:
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Volvo opens second 3S centre in Johor Bahru with Pekin Auto
In efforts to expand its local dealership network, Volvo Car Malaysia (VCM) has just appointed Pekin Auto Sdn Bhd as its latest dealer representative in Johor Bahru.
Malay Mail:
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BMW profits dented by electric vehicle investment costs
FRANKFURT, Aug 1 ― German high-end carmaker BMW today reported slumping second quarter profits, with pricey investment in electric cars sapping the bottom line, but it remained confident of hitting ...
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Panasonic Q1 net profit down on lower sales in China
TOKYO, July 31 — Japanese electronics giant Panasonic said today its quarterly net profit fell more than 10 per cent, partly due to weak sales in the Chinese market.
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Toyota Opens New 2S Outlet In Klang
A car brand in Malaysia is really only as good as its service network. Recently, a new Toyota 2S centre located at Klang, Selangor was opened in an effort to improve their network in the area.
Malaysiakini:
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Treatment of Uyghurs in Xinjiang nothing short of cultural genocide
LETTER | As the president of the Uyghur American Association, it is my duty to refute the inaccurate claims published by so-called Uyghur intellectuals in a letter in the Global Times on July 19.
Malay Mail:
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Bayer says 2019 profit goal becoming a stretch
FRANKFURT, July 30 — Germany’s Bayer has warned that its 2019 earnings target has become harder to reach, becoming the latest agricultural supplies company to be affected by flooded US farms and t...
PaulTan.org:
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Proton targets over 100k sales in 2020, aims to be #1
During the prize presentation for Proton’s marketing challenge for its X70 SUV, its CEO Dr Li Chunrong outlined his bold plans for 2020 and beyond.
Free Malaysia Today:
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Lynas says permit renewal on track
BANGALORE: Australian rare earth producer Lynas Corp Ltd said today it is on track to have its Malaysian operating licence renewed, as it flagged soft demand from China amid a slip in quarterly sales ...
Malaysiakini:
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Lynas confident of resolving license issue before Sept 2 deadline
Australian rare earth producer Lynas Corp Ltd said on Monday it is on track to have its Malaysian operating licence renewed, as it flagged soft demand from China amid a slip in quarterly sales revenue...
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Hong Kong protests knock investor confidence in city’s shares
HONG KONG: Hong Kong property stocks are turning into the biggest casualties of the city’s escalating street protests as investors worry about the economic impact and Beijing’s response.
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Rare earth producer Lynas says permit renewal on track
(July 29): Australian rare earth producer Lynas Corp Ltd said on Monday it is on track to have its Malaysian operating licence renewed, as it flagged soft demand from China amid a slip in quarterly sa...
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Renault lowers sales outlook as market slowdown takes hold
PARIS: Renault SA lowered its outlook for full-year sales as the French carmaker grapples with an auto market downturn and dismal results from partner Nissan Motor Co.
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New Toyota 2S centre opens in Klang
KLANG: UMW Toyota Motor, the sole importer and distributor for Toyota vehicles in Malaysia, has officially opened a new 2S (sales and service) centre in Klang.
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Straits Times owner underperforms MSCI Singapore
SINGAPORE: Singapore Press Holdings Ltd. is now the worst performer on the MSCI Singapore Index, as shares hover at a 25-year low, after a strategy to diversify into real estate has so far failed to offset sagging earnings from its media business.
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Mattel reports smaller loss on higher 'Barbie,' 'Toy Story 4' sales
NEW YORK, July 26 ― Mattel yesterday reported a smaller loss in the second quarter, following sales growth in key franchises including Barbie, Hot Wheels and Toy Story 4.
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Nissan to cut 12,500 jobs as its profit plunges
Eight months after Ghosn’s arrest, company struggles to turn corner as festering problems in the U.S. worsen
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Aircraft sales soar in June, boosting US durable goods
WASHINGTON, July 25 — US civilian aircraft sales raced higher in June after months of weakness from Boeing’s 737 MAX crisis, a badly-needed boost for the US manufacturing sector, according to gove...
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White Walker raises profits for Diageo
LONDON, July 25 — The successful launch of a limited edition Johnnie Walker whisky based on the supernatural White Walker from the TV series Game of Thrones helped Diageo boost profits, and the Brit...
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Boeing might halt 737 MAX production if grounding drags on
BOEING Co. said it might slow or halt production of its 737 MAX jetliner if regulators don’t approve its return to service by the end of this year.
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You’ll soon be able to buy a Volvo from Ingress
The name ‘Ingress’ is perhaps more synonymous with the blue and white roundel, but you’ll soon be able to acquire and service a Volvo at its facility as Volvo Car Malaysia (VCM) has appointed In...
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Great deals aplenty at StarProperty fair
KUALA LUMPUR: The two-day Star­Property.my fair at KLCC is ramping up with many developers all geared up to exhibit their projects.The fair, to be held this weekend, is in conjunction with the extension of the Home Ownership Campaign and will offer good deals for potential homebuyers. Admission is free.
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Tan Chong sees good response to latest LEAF electric vehicle
SHAH ALAM: Edaran Tan Chong Motor Sdn Bhd (ETCM), the local distributor of Nissan vehicles, is expects good response to the newly launched second-generation Nissan LEAF electric vehicle.
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Berjaya denies Suzuki distributorship rumour – report
Those excited by the prospect of the new Suzuki Jimny becoming a reality here might have to wait a bit longer, because Berjaya Corporation has come out to deny that its executive chairman Tan Sri Vinc...
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Hermes defies trade tensions as China leads growth
PARIS, July 23 — Global trade tensions may have sapped growth for many firms, but luxury handbag maker Hermes said today it posted a double-digit rise in second quarter sales thanks in part to China...
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Suzuki set to return to Malaysia, under Berjaya – report
You might be able to get your hands on a new fourth-gen Suzuki Jimny in the near future, and through official channels at that, if what being indicated by a news report is right.
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RAM Ratings sees June inflation surging to 1.6%
KUALA 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.
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RAM Ratings: Malaysia’s inflation likely to accelerate to 1.6pc in June
KUALA LUMPUR, July 22 ― RAM Ratings expects Malaysia’s overall inflation rate to accelerate to 1.6 per cent in June, fuelled by the low-base effects arising from the removal of the Goods and Servi...
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Tailor-made menswear gets a makeover
THE office of startup Match U is located on Shanghai’s Bund, which is lined with some of the world’s most prestigious banks and financial institutions, and sits in an area that has nurtured some of China’s finest bespoke tailors.
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South Koreans boycott Japan beer in brewing trade row
SEOUL, July 19 ― Beer-loving South Koreans angered by a trade row with Tokyo are boycotting Japanese brews in a surge of patriotism that has even seen popular beauty bloggers targeted.
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Volkswagen unveils advanced manual gearbox
WOLFSBURG: At a time when many drivers are opting for refined automatic gearboxes, Volkswagen has come up with a surprise new take on the trusty stick shift, which is claimed to save up to 5 grams of ...
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European car sales resume downward spiral
MUNICH: European car registrations fell sharply in June, resuming a downward spiral this year that has seen profit warnings at German manufacturer Daimler AG and a quarterly automotive division loss at rival BMW AG.
PaulTan.org:
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Perodua to continue selling Alza despite SUV trend
Thanks to the global buying trend that is favouring SUVs, demand for MPVs is reducing, and it appears Malaysia and the region is in line with the general consensus.
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Swatch earnings decline on crackdown against unauthorised sales
ZURICH: Swatch Group AG reported a decline in first-half profit as the maker of Omega and Tissot timepieces cracked down on unauthorized sales by retailers that have eroded its pricing power.
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Renault sees new model push as softening sales decline
PARIS: Renault posted a 6.7% decline in first-half vehicle sales amid a global auto slowdown, but said a forthcoming product offensive would begin to help soften the blow in key markets.
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Renault sales fall in weakening auto market
PARIS, July 16 — French auto giant Renault said today its first half sales were hit by a slowdown in several emerging countries but overall it managed to hold its own in a weakening global market .
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2019 Nissan Leaf coming to Malaysia: What you want to know
KUALA LUMPUR: The new 2019 Nissan Leaf is expected to be launched in Malaysia soon by Edaran Tan Chong Motor Sdn Bhd (ETCM), the local distributor of Nissan vehicles.
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Jopp succeeds Raine as Head of Sales & Marketing at Mercedes-Benz Malaysia
Mercedes-Benz Malaysia has appointed Michael Jopp to head sales and marketing for Malaysia and selected South East Asian countries following the reassignment of Mark Raine, who has since assumed the r...
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PSA vehicle sales slide onemerging-market setbacks
PARIS: French carmaker PSA Group’s vehicle sales fell 12.8% in the first half as emerging markets weighed on its overseas business, challenging the trajectory of the Peugeot manufacturer’s recovery.
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Carmaker PSA in reverse as Chinese sales hit a wall
PARIS, July 15 — French carmaker PSA said today its sales slumped in the first half of the year as it pulled out of Iran and sales in China plunged by nearly two-thirds.
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After PAC finds GST funds diverted, Najib insists had right to do so
KUALA LUMPUR, July 15 — Former prime minister Datuk Seri Najib Razak conceded today that money meant for tax refunds should have been put into a trust account but insisted he had the power to divert...
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Michael Jopp Is Mercedes-Benz Cars' New Head Of Sales & Marketing For Malaysia And SEA II
It's amazing how quickly four years can fly by.
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Mercedes-Benz Malaysia appoints Michael Jopp as new marketing head
KUALA LUMPUR: Mercedes-Benz Malaysia has appointed Michael Jopp as the new Head of Sales & Marketing, Mercedes-Benz Cars, Malaysia & SEA II starting this month.
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This Is The Last Volkswagen Beetle Produced, And You Can’t Buy It
On Wednesday, the Volkswagen plant in Puebla, Mexico – the world’s only source for the Beetle, bade farewell to the last Volkswagen Beetle.
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Wait for official report on GST, media urged
PUBLIC Accounts Committee (PAC) chairman Datuk Dr Noraini Ahmad says she is disappointed with an inaccurate report about the committee’s findings on the Goods and Services Tax (GST).
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Buyers return to UK housing market
LONDON: The UK housing market saw an increase in new buyers for the first time since November 2016 last month, the Royal Institution of Chartered Surveyors said.
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Bang & Olufsen sees return to sales growth after bleak year
COPENHAGEN, July 11 — TV and speaker maker Bang & Olufsen swung to a fourth-quarter operating loss but forecast a return to sales growth this year on new products and store openings in major cities ...
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Battersea Power Station sales recovering after long delay
SINGAPORE/LONDON(July 10): The owners of London’s iconic Battersea Power Station are nearly back to where they were two years ago, before construction delays led some buyers to cash in their contrac...
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Superdry warns of sales decline
LONDON: Superdry Plc plunged after warning that sales will fall in the coming months following a year of boardroom drama at the U.K. apparel chain.
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Bye, bye, Beetle
PETALING JAYA: The last Beetle will roll off the VW assembly line in Puebla, Mexico, today.
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Kenanga maintains Market Perform on Carlsberg, TP raised to RM23.95
KUALA LUMPUR: Kenanga research is cautiously optimistic over Carlsberg Brewery Malaysia Bhd's outlook given the growing popularity in its premium brands portfolio and counteractive measures against contrabands.
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UK shops suffer slowest growth over 12 months
LONDON: Sales at British retailers rose at their slowest average pace on record over the past year as worries about Brexit weighed on consumers, a survey showed.
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Mercedes-Benz to offer a replacement car if servicing requires more than 48 hours
Mercedes-Benz Malaysia has introduced the MobilityPlus, a car replacement program for those who have opted to finance or lease their Mercedes-Benz vehicles through Mercedes-Benz Financial.
SoyaCincau.com:
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What’s next for Huawei?
Things have been crazy for Huawei, haven’t they?
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Tesla deliveries surge as automakers report drop in US sales
NEW YORK, July 3 ― Tesla reported a surge in second-quarter deliveries yesterday, while other US automakers suffered drops in sales for the first half of 2019, with higher vehicle costs weighing on ...
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Proton captures highest market share in 47 months
KUALA LUMPUR: Perusahaan Otomobil Nasional Sdn Bhd (Proton) captured an 18.1% share of the local total industry volume (TIV) last month, its highest share figure since July 2015.
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Kao Malaysia eyes double-digit growth
KUALA LUMPUR: Kao (M) Sdn Bhd (Kao Malaysia), a subsidiary of Japan’s Kao Corp, targets double-digit growth in sales this year and in 2020, boosted by its skin care brands.
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Germany’s export-dependent industry feels pain of trade conflicts
BERLIN, July 2 — Three German industry groups slashed their production forecasts for this year today, citing trade conflicts that have plunged Germany’s export-dependent manufacturers into a reces...
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Shiseido’s beauty app promises perfect skin - at US$92 a month
Shiseido Co is making it easier for customers to benefit from – and pay for – perfect skin.
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