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...
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.
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...
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.
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...
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.
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.
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.
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.
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.
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...
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.
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.
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.
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...
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 ...
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.
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.
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...
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...
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.
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...
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.
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.
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 ...
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.
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 .
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).
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.
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.
Bye, bye, Beetle
PETALING JAYA: The last Beetle will roll off the VW assembly line in Puebla, Mexico, today.
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.