IKEA keeps expanding in Asia

IKEA keeps expanding in Asia

IKEA has decided to establish its regional distribution and supply chain centre for ASEAN in Malaysia. The centre will be among the top 10 largest regional distribution centres of IKEA Group globally, Malaysian Investment Development Authority (MIDA), said. According to Malaysian media, the facility will cost about RM908 million (US$212 million), and will serve the […]

“LIVING THE DREAM IN WONDERLAND”

“LIVING THE DREAM IN WONDERLAND”

The first in Asia, Movie Animation Park (MAPS) built over 21ha in Bandar Meru Jaya, Perak opened its door on 26th June 2016. More than 7,000 visitors thronged the much anticipated Movie Animation Park (MAPS) on its first day of soft opening. The Park, a joint venture between PCB Development Sdn Bhd and RSG MAPS […]

How do SEA countries rank in global innovation?

How do SEA countries rank in global innovation?

Every year a report on how countries rank by their capacity for, and success in innovation comes up. It’s called The Global Innovation Index (GII),  co-published by the World Intellectual Property Organization, Cornell University and the business school INSEAD. It provides detailed metrics about the innovation performance of 127 countries and economies around the world. […]

Pushing digitalisation of Malaysia’s retail

Pushing digitalisation of Malaysia’s retail

The Malaysia Retail Chain Association wants to drive the retail industry to go into the online arena, in line with the government’s aspirations, for better opportunities and to compete better. President Datuk Garry Chua said online adoption among Malaysian retailers is still relatively low, but the initiative to start thinking and adopting digital strategies is […]

Grab with fresh money

Grab with fresh money

Singaporean Grab is to receive a new round of funding to further strengthen its market position and fuel the development of GrabPay. Main investors are Japanese SoftBank as well as Chinese competitor Didi Chuxing who are expected to invest around $ 2 billion; an additional 500 million are expected to be raised from existing and […]

SEA going greener!

SEA going greener!

Singapore and Malaysia taking steps to go greener … Singapore – A Bill that would make it mandatory for some companies to set energy targets, audit their energy consumption and adopt industrial equipment that meet minimum energy efficiency standards was passed in Parliament on Monday April 3rd in Singapore. The Act requires 180 energy-intensive companies […]

Indonesia’s Connection Between KFC and CD’s!

Indonesia’s Connection Between KFC and CD’s!

Steve Lillywhite knows a thing or two about making music that sells. That six-time Grammy winning producer has worked multiplatinum recordings with artists including U2, the Killers and the Rolling Stones. Now Mr. Lillywhite is proving he knows how to sell music, too, although in a very unexpected way. He is the chief executive of […]

Shopping Centre or Amusement Park?

Shopping Centre or Amusement Park?

On March 16th MyTOWN opened its doors to the public. Located in the heart of Kuala Lumpur and anchored by Malaysia’s largest IKEA. This new and exciting 5 floors features a wide mix of tenants including Zara, H&M and Uniqlo. Besides the countless hours of shopping you can do here, there is plenty more on offer throughout […]