Malaysia - News & Analysis

19 June 2018
Alibaba has opened an office in Malaysia, its first country office in Southeast Asia. First Electronic World Trade Platform (eWTP) hub outside China The new office will serve as a one-stop solution centre for local businesses, helping them identify global trade opportunities and take advantage of digital innovations. It will offer training courses to assist young entrepreneurs to export the...
22 May 2018
Tony Hoggett, CEO of Tesco Asia has been appointed to a new chief operations role, while Alison Horner, chief people officer will replace him to head up the retailer's Asian businesses, according to press reports.  The changes will take effect from June 1st. "Leveraging operational strategy across the group" In his new role Hoggett will work alongside chief product officer Jason Tarry and c...
06 February 2018
AEON Malaysia has announced plans to open a new shopping centre in June. This follows AEON Supermarket's recent partnership with Honestbee   to drive ecommerce growth. Future growth plans At a recent launch of MaxValu Prime in Kuala Lumpur, AEON management announced plans to open an AEON mall in Kuching, East Malaysia. In addition, plans to open three more MaxValu outlets in Malaysia were...
29 January 2018
Groceries from Aeon supermarket to be delivered on Honestbee network. Use the Honestbee mobile app to get your groceries Aeon Malaysia has entered an alliance with Honestbee to start delivering groceries in Malaysia. This new delivery option, which uses personal shoppers to pick up and deliver orders, will enable Aeon customers to make their purchases online, via the Honestbee mobile app or...
09 January 2018
GCH Retail, which operates Cold Storage, Mercato and Jasons Food Hall, has announced an enhanced collaboration with HappyFresh to offer online shopping from more locations in Malaysia. Ecommerce expansion through the alliance HappyFresh has already been working with GCH Retail to provide delivery for Jasons Food Hall. Shoppers now have the option to buy from 10 different locations operated ...
20 November 2017
International convenience chain, 7-Eleven, has launched several new initiatives across its global network. We review the latest developments in Japan, Malaysia and USA. Bicycles at home Not only do they have over 19,850 stores nationwide, Seven-Eleven Japan's average daily sales per store exceeds JPY650,000 and are close to covering every prefecture across the country . Their strong d...
01 September 2017
7-Eleven Malaysia has reported a sharp decline in net profit to MYR10.15mn (US$2.38mn), falling 32.7% in the second quarter ended June 30, 2017 for the same corresponding period last year.  Higher operating costs... Since 2013, 7-Eleven's store network has grown 8% on average to over 2,185 stores nationwide, with sales growing at a comparable rate during this period. Network expansion, h...
19 July 2017
Investment holding company Berjaya Philippines has acquired 5.4 million common shares in 7-Eleven Malaysia for MYR7.38mn (USD1.7mn), giving it a 0.49% stake in 7-Eleven Malaysia. Berjaya Philippines buys into 7-Eleven in Malaysian open market 7-Eleven Malaysia is the largest convenience store chain in the country operating more than 2,100 7-Eleven outlets. With strong store and sales compou...
11 July 2017
Malaysia's largest convenience store operator, 7-Eleven Malaysia Holdings (SEM), said its chief executive Gary Brown has resigned for personal reasons. Ho Meng appointed as acting CEO with effect from 1 August Ho Meng is currently a non-executive director at SEM. He has been with the company since 2011, and has served previously as its managing director and deputy CEO. Hishammudin Hasan wil...
09 May 2017
Tesco remains fully committed to supporting the growth of its businesses in Southeast Asia, identified as strategic locations for the Group. Investment reflects confidence in Thai economy Tesco Lotus operates more than 1,900 stores in 73 provinces, with an online presence in Thailand. The retailer has planned 100 stores in various formats, including hypermarket, supermarket and convenience....