Tag: Malaysia

  • Online Printing Startup Gogoprint Is Revolutionising Malaysia’s Printing Industry

    Online Printing Startup Gogoprint Is Revolutionising Malaysia’s Printing Industry

    Gogoprint, Southeast Asia’s leading online printing company, aims to solve one of the printing industry’s biggest pain points – high fixed costs and requisite order volumes, which particularly affect budget-conscious SMEs and startups. Gogoprint achieves this with its proprietary algorithmic software, which manages and pools together multiple orders, and distributes the cost of printing. Parameters such as paper type, quantity, and delivery times are taken into account and aggregated into a batch of prints. This maximises the space on individual sheets. As compared to traditional printing houses, which take 7 to 10 days to process orders, Gogoprint does so in as fast as 1 day. Moreover, it is looking to further optimise the process of preparing the artwork files that customers send for printing, to automate the correction of frequent printing mistakes.

    As a result, the company is able to offer premium printing services at competitive rates, enabling SMEs and startups to print their products such as business cards, digital/offset booklets, flyers, posters, postcards and stickers more cost-effectively. Over the last year, Gogoprint has further developed its algorithm and processes, enabling it to raise its production efficiency, reduce wastage, and share these benefits with customers through price reductions. Furthermore, the company strives to continuously expand its product portfolio, as exemplified by its upcoming launch of banners and buntings.

    These features have fueled Gogoprint’s success despite a general slowdown in the Malaysian printing industry. Gogoprint’s operations have been largely differentiated from their competitors from the start. The company has focused on leveraging technology in order to inject its business model with customer-centric values and approaches, which emphasize convenience, transparency, and speed for the customer.

    This was no easy task since Malaysia’s printing market is relatively saturated with limited market share and a higher volume of competitive prices offered by players, both big and small. Entering this industry would traditionally be considered as a significant risk, but Gogoprint managed to stave off the competition by targeting key sectors which required its services more than others. More specifically, the country’s SME and startup sector clearly needed more transparent pricing and delivery deadlines in order to better manage their printing needs.

    Laurent De Candido, Managing Director and co-founder at Gogoprint said: “We recognise that SMEs and startups in Malaysia require a great deal of reliability, consistency, and transparency to facilitate their operations. This knowledge has enabled us to adapt our business strategies to a market where consumers operate on a fine line between managing operational cost and ensuring business profitability. With such great competition present in the market, we recognise the need for constant innovation. Hence, the innovative solutions that we offer have allowed us to experience a considerable amount of success since our launch in Malaysia a year ago, in November 2016. Growth has exceeded our most ambitious expectations, with an 800% customer increase, as well as a 600% increase in headcount, between November 2016 and November 2017. Also active in Thailand and Singapore, Gogoprint’s success in Malaysia is a testament to how regional expansion success can be derived from a comprehensive market understanding and strategic product positioning.”

    At the source of Gogoprint’s success, of course, lies a happy and diverse customer base. “Gogoprint won us over with their quick and efficient response to a recent crisis that we faced. We had a sudden and urgent demand for a huge amount of books to be printed, and we engaged Gogoprint due to their transparent and convenient website. The customer service provided by their accounts team was professional and world class which, led to the smooth and timely delivery of more than a thousand copies to our customers. Their attention to detail also left a great impression on us and we will definitely continue to work with Gogoprint in the future,” said Anusha Abishegam, Editor from Centrestage, an online magazine dedicated to scouring the local arts scene for news, information and opportunities.

    Satisfied with its strong performance in Malaysia, Singapore, and Thailand, Gogoprint is dedicated to tackle the Indonesian market next, which also suffers from the ailments that characterize printing in Southeast Asia. Since the company’s strong performance and fast regional expansion reflect very positive customer feedback, Gogoprint’s mission to provide affordable and convenient printing to everyone resonates stronger than ever.

  • OldTown shareholders agreed to accept JDE offer

    OldTown shareholders agreed to accept JDE offer

    Malaysian cafe chain and coffee manufacturer OldTown is about to sell a majority shareholding to Jacobs Douwe Egberts (JDE) for about US$361 million.

    It is part of a move by the global coffee and tea company to expand its coffee empire.

    OldTown, which has 232 outlets, mostly in Malaysia, says shareholders holding about 51.45 per cent of the total issued share capital of the company have irrevocably undertaken to tender all their shares in acceptance of the offer, says the company.

    Jacobs Douwe Egberts Holdings is an indirect wholly owned subsidiary of Netherlands-based JDE, which owns such coffee and tea brands as Jacobs, L’Or, Moccona, Senseo and Tassimo, and has a presence in more than 120 countries.

    Earlier this year JDE acquired Singapore-listed Super Group, a pan-Asian integrated instant F&B brand for S$1.45 billion (US$1.05 billion).

    “We are deeply honoured JDE recognises the powerful brand and platform we have tirelessly built over the past 18 years,” says OldTown group MD Lee Siew Heng.

    OldTowns’s cafes are spread across Malaysia (189 outlets) and Singapore (nine outlets), with Malaysia accounting for 59 per cent of its revenue. Born out of a merger between the coffee businesses of US snack company Mondelez with coffee and tea company DE Master Blenders in July 2015, JDE says it is on track for an annual revenues of more than €5 billion (US$ 5.8 billion), claiming a leading position in 28 countries across Europe, Latin America and Asia Pacific.

  • Harvey Norman officially launches Kuching outlet

    Harvey Norman officially launches Kuching outlet

    Australian brand Harvey Norman marked a new milestone with the official launch of its first superstore in East Malaysia today at Vivacity Megamall.

    Established since 1982 in Australia with over 280 stores worldwide, the superstore here occupies a retail space of 46,806 square feet across two floors, featuring a unique retail experience in the country.

    According to Harvey Norman’s managing director for Singapore and Malaysia, Kenneth Aruldoss, the group is creating a revolution in the way customers connect with products and brands.

    “Consumers of today are changing — and therefore we have to change the way we do retail as well.

    “It is a first-of-its-kind shopping experience with a huge range of merchandises spread over two levels of retail space. The range is current and of the latest,” he said in his speech during the official launch today.

    Also present during the launch were Assistant Minister of E-Commerce Datuk Mohd Naroden Majais, Kuching South City mayor (MBKS) Datuk James Chan, Vivacity Megamall executive director Sim Yaw Hang and Vivacity Megamall director Alan Sim, as well as other officials from Harvey Norman.

    The store is set to inspire in terms of layout and how the products are being  merchandised. It boasts some of the biggest range of electrical, computers and communications, furniture and bedding products in Kuching.

     

    The first level features a whole floor of Furniture & Bedding products ranging from sofas, coffee tables, dining sets, home wares, outdoor furniture, home office, TV cabinets, recliners, rugs, as well as mattresses, bed frames, bedroom sets, kids bed frames and bedding accessories.

    Its second floor features home and kitchen appliances, audio visual, cameras, photocentre, computers, games hub, connected health and fitness products.

  • AmInvest Research neutral on transportation sector, AirAsia top pick

    AmInvest Research neutral on transportation sector, AirAsia top pick

    AmInvestment Research is Neutral on the transportation sector in 2018, as it sees upside for AirAsia

    It said on Wednesday while it likes transport firms which operate (or have a growing presence) in the tourism and e-commerce space, it is cautious on seaport operators.

    Transport firms operating in the tourism space, that is AirAsia and Malaysia Airports, will benefit from the sustained recovery in tourist arrivals in 2018 (after reporting the first dip since 2003 in 2015 following the air disasters of MH370 and MH17 in 2014).

    The government projects Malaysia’s tourist arrivals should hit 28 million in 2018 (up 3.3% from 27.1 million in 2017).

    AmInvest Research expected the number should continue to grow, leading up to Visit Malaysia Year in 2020, when Malaysia is also slated to host a series of high-profile international events including the Commonwealth Heads of Government Meeting (CHOGM), the APEC Summit and World Congress of Information Technology (WCIT).

    The rapidly expanding e-commerce sector, particularly, online shopping, has created huge opportunities for parcel delivery service providers such as Pos Malaysia.

    “Malaysia’s presence in the regional and global e-commerce market is on the cusp of an unprecedented quantum leap forward, driven by the Alibaba-backed Digital Free Trade Zone (DFTZ) project in the KLIA Aeropolis,” it said.

    The DFTZ will serve as a regional e-fulfilment centre as well as a regional e-commerce logistics hub.

    “Apart from Malaysia Airports (the landowner and developer of the KL Aeropolis), we believe local logistics players (including warehouse operators) are poised to garner a slice of action in the physical zone of the DFTZ.

    “On the other hand, we do not expect seaport operators (particularly, a transshipment port like Westports) in 2018 to completely shrug off the negative impact from the recent reorganisation of the global shipping alliance, and the resulting diversion of transshipment cargo volumes to Singapore,” it said.

    However, AmInvest Research said on a brighter note, it expects gateway cargo volumes to continue to grow in 2018, thanks to Malaysia’s robust exports and imports.

    Bintulu Port will be weighed down by start-up costs at its newly completed Samalaju Industrial Port in 2018.

    AmInvest Research said it may upgrade its Neutral stance on the transport sector to overweight.

    However, this would hinge on whether tariffs (such as airport taxes, postage rates and port tariffs) are adjusted upwards; volume performance (such as passenger traffic, cargo throughput and letter mail/parcel volumes) beats expectations; yields surprise in the upside on reduced competition; and fuel cost (jet fuel for airlines and diesel for seaport operators) comes in lower on weaker crude oil prices.

    On the other hand, it might downgrade its neutral stance on the transport sector to Underweight if: volume performance (such as passenger traffic, cargo throughput and letter mail/parcel volumes) misses expectations; yields surprise in the downside on heightened competition; and fuel cost (jet fuel for airlines and diesel for seaport operators) comes in higher on stronger crude oil prices.

    “Our top pick for the sector is AirAsia. AirAsia is a good proxy to the growing low-cost air travel market in the region, underpinned by rising per capita incomes and a young demographic.

    “Its strong market presence (in terms of the number of routes, and frequencies for each route) enables it to compete effectively against its rivals (both low-cost and full-service).

    “It has struck a chord with investors with its plans to monetise some of its auxiliary businesses and assets including its leasing arm and ground handling unit, which could translate to special dividend payouts to shareholders,” it said.

  • Calvin Klein watch showcase will be in Suria KLCC

    Calvin Klein watch showcase will be in Suria KLCC

    Calvin Klein Watches + Jewelry has opened its largest kiosk for Malaysia in Suria KLCC, featuring timepieces and accessories.

    Attended the launch were Swatch Group Malaysia and Singapore president Jose de Cardoso, Calvin Klein Watches + Jewelry regional sales manager Pascal Scherer, brand manager Kenny Lim sales and marketing manager Florence Loke. Special guests included actress Siti Saleha and TV presenter Reem Shahwa.

    Since his debut, new Calvin Klein chief creative officer Raf Simon has been providing a singular global creative vision for the brand, as reported. The Belgian fashion designer has been taking the founder’s legacy of modern, simple and sharp aesthetic coupled with provocative imagery to greater heights. This encompasses Calvin Klein Watches + Jewelry, developed in the 1990s in partnership with Swatch Group.

  • Shopee giant leaps on its second year

    Shopee giant leaps on its second year

    Fast-growing e-commerce platform Shopee has released impressive statistics in marking just its second birthday.

    Combined annualised GMV from Taiwan and the six Southeast Asian markets where it operates has reached US$5 billion. It has more than 180 million active listings by more than 4 millions sellers, including 5000 leading brands and distributors. Its app has been downloaded more than 80 million time.

    In Singapore alone, where it has its own mall portal, the app has had more than 1 million downloads and features more than 70,000 sellers and brands.

    “Shopee has undergone tremendous transformation since we first launched, and while we are proud of all that we have achieved, this is only the beginning,” said Zhou Junjie, chief commercial officer of Shopee.

    “Shopee has always been committed to listening to the needs and preferences of our users, and has worked to create a platform that is tailored to exactly that. Whether it is providing a fuss-free and convenient shopping experience for buyers, or offering a reliable and secure platform for brands and budding entrepreneurs to expand their online presence, Shopee strives to continue improving the lives of the region’s consumers and businesses with technology,” said Zhou.

    “This year has been a great one for Shopee and we would like to thank our customers, sellers, and partners for their continuous support. Moving forward, we will continue to focus on improving our platform and diversifying our product assortment. We remain committed to helping brands and local entrepreneurs grow and continuously strive to push the boundaries of e-commerce to become the leading online shopping destination of choice in the region.”

    As part of its birthday celebration, Shopee Singapore will be holding a 10-day birthday sale until December 13, featuring promotions across over 10,000 items.

  • Mitsui Outlet Park continue its opening phase

    Mitsui Outlet Park continue its opening phase

    About 35 new stores are lined up for the soft opening of phase two of Mitsui Outlet Park KLIA Sepang on December 15.

    An official launch is slated for February, says Mitsui Fudosan (Asia) Malaysia, which runs the project in a JV with Malaysia Airport Holdings, MFMA Development.

    Shops making their first appearance in Malaysia include Hummer bags store and The Beauty Laboratory by Shiseido.

    “The expansion will also introduce a good retail mix ranging from fashion apparel and accessories, sports and kidswear to cosmetics and personal care, with diversification into entertainment and amusement as well as specialty stores,” says Mitsui Fudosan.

    Phase 2’s environmental design follows the park’s “tropical resort” theme and also features the Sky Walk, River Walk and Forest Walk. The first phase opened in May 2015.

    Headquartered in Japan, Mitsui Fudosan is expanding in Asia with Shanjing Outlet Plaza Nimbo and Mitsui Outlet Park Linkou in Taiwan.

    For next year the group plans to open Mitsui Outlet Park Taichung Port in Taiwan, followed by Mitsui Shopping Park LaLaport Shanghai Jinqiao in 2020 and Mitsui Shopping Park LaLaport Kuala Lumpur in 2021.

  • JD Sports Fashion moves to influence marketing as strategy

    JD Sports Fashion moves to influence marketing as strategy

    UK company JD Sports Fashion has engaged influencer marketing firm Rocketfuel Entertainment to help develop digital content for its brand in Malaysia.

    JD carries brands such as Adidas, New Balance and Nike as well as in-house labels Brookhaven, Pink Soda, Sonneti, and Supply and Demand.

    A JD spokesperson says it is eyeing growth in markets such as Singapore and Thailand, and aims to open 25 outlets by end of next year.

    Its senior brand marketing manager Jaclyn Tan says the biggest draw for its customers is the “extensive range of sneakers from multiple brands, including Western Europe exclusives available only in our stores”.

    CEO Justin Lim says the content will enable JD Sports Fashion to engage with its audience on its social platforms.

    Rocketfuel claims to have a social-media reach of more than 36 million in the region with influential personalities in beauty, fashion, lifestyle, automotive and parenting.

    The sports lifestyle retailer launched a flagship store for Asia last year at Pavilion Elite Kuala Lumpur, and this week opened a store at Putrajaya’s IOI City Mall. It also has outlets at Aeon Mall Tebrau City (Johor Bahru), Mid Valley Megamall, Sunway Pyramid and Sunway Velocity Mall, with another five stores to follow “very soon”.

  • Japanese property giant, Tokyu invests in Titijaya’s unit

    Japanese property giant, Tokyu invests in Titijaya’s unit

    Titijaya Land Bhd has roped in Japanese leading property giant, Tokyu Land Corp, to be the new shareholder of its wholly-owned Epoch Property Sdn Bhd in a RM47 million deal.

    Epoch Property sealed a conditional share subscription agreement with Tokyu for the subscription of 47 million Class A ordinary shares in Epoch Property worth RM47 million.

    Titijaya said both companies will jointly enhance the development of Mizu Residence which is expected to command a gross development value of RM300 million.

    Tokyu, which holds more than one trillion yen of assets and is ranked third among Japanese real estate companies, is the core company of the Tokyu Fudosan Holdings Group, a Japanese company listed in the First Section of the Tokyo Stock Exchange.

    Tokyu Fudosan is also one of the companies in the Nikkei 225 Index, which refers to the price-weighted average of the 225 top-rated Japanese listed companies.

    Titijaya group managing director Tan Sri Lim Soon Peng believes the collaboration will help establish the two companies as one of the industry leaders, pushing the frontiers of urban development and property management.

    “We are envisioning through the knowledge transfer from Tokyu’s expertise in urban development, especially its expertise in transit-oriented development, retail knowledge, property management (best property management services in Japan), it will further strengthen Titijaya’s objective to offer products that will be a half-step ahead of the times.

    “TOD and enhancing senior living experience are definitely the directions going forward for us, as TOD concept will help a country to reduce carbon footprint while becoming more productive and move livable, and on the other hand, senior living experience values the living experiences for discerning individuals who have an affinity for actively engaging all that life offers,” he said.

  • Malaysia Airports reports +17.0% year-on-year surge in retail revenues

    Malaysia Airports reports +17.0% year-on-year surge in retail revenues

    Malaysia Airports Holdings Berhad (MAHB) has reported a +17.0% year-on-year surge in retail revenue to RM623.5 million (US$151.8 million) in the nine months ended 30 September 2017.

    Group retail and food & beverage sales per passenger increased +12.3%.

    Non-aeronautical revenues at the group, which runs Malaysia’s major airports as well as having a stake in Istanbul Sabiha Gökcen Airport in Turkey, rose by +13.9% to RM1,169.2 million (US$284.7 million).

    Retail and F&B sales at Kuala Lumpur International Airport (KLIA) and low-cost terminal klia2 combined – the key locations for commercial activities at the group –increased +26.7% to RM1,546.8 million (US$376.6 million).

    Malaysia Airports’ retail arm Eraman posted revenue of RM536.3 million (US$130.6 million) across KLIA and klia2, up +15%. Sales per passenger increased +2.0% to RM12.37 (US$3).

    At Istanbul Sabiha Gökcen Airport, where the concessionaire is Setur Duty Free, duty free spend per passenger fell -5.5% to €8.81. Non-aeronautical revenue slipped -7.8% to €62.9 million.

    MAHB said group passenger traffic increased +8.6% to 95.3 million. International traffic growth in Malaysia (+14.7%) and Turkey (+6.6%) outpaced respective domestic growth.

    MAHB group revenue was up +10.1% to RM3,405.5 million (US$828.4 million). EBITDA increased +10.6% to RM1,478.4 million (US$359.6 million).

    Travel retail seems to be gaining a continuous growth, not only in Malaysia, but all Asia Pacific, without ignoring the high number of tourists purchasing goods in the country of origins of the brands.

  • AirAsia cancels 32 Bali and Lombok flights

    AirAsia cancels 32 Bali and Lombok flights

    Low-cost carrier AirAsia has cancelled 32 flights and rescheduled two others from and to Bali and Lombok following the volcanic activity at Mount Agung in Bali.

    In a statement, AirAsia said affected passengers would be notified of their flight status and the options available to them via their registered e-mail addresses.

    It said passengers whose flights were cancelled could change to a new travel time on the same route within 30 days from the original flight without additional costs and subject to seat availability. They can also retain the value of their fare in a credit account for future travel.

    “The online credit account has to be redeemed within 90 days from the date of issuance,” it said.

    The airline said passengers are advised to visit www.airasia.com and AirAsia’s social media pages and also to check their flight status through the “Manage My Booking” feature on AirAsia’s website.

    AirAsia said it was in contact with the autho­rities and would continually conduct risk assessments to ensure the safety of its operations.

    “AirAsia will provide updates on the latest developments,” it said, advising passen­gers requiring assistance to contact the airline’s customer support team.

  • Sisma Auto opens Volvo showroom in Bukit Bintang

    Sisma Auto opens Volvo showroom in Bukit Bintang

    The Volvo brand just got a new shot-in-the-arm with Sisma Auto, Volvo Car Malaysia’s newly appointed authorised dealer, officially opening its city centre showroom at Menara Worldwide on Jalan Bukit Bintang.

    Located in the heart of Kuala Lumpur’s premier residential and commercial district, the showroom is set to offer a touch of Swedish luxury to the Golden Triangle by featuring a luxurious retail environment influenced by Scandinavian design, known also as Volvo Retail Experience (VRE).

    “VRE is designed to reflect our Scandinavian-inspired values of calm with cleans lines that exude a cool and refreshing visual exterior appeal whilst the interior offers customers a warm and inviting feeling,” said Lennart Stegland, managing director of Volvo Car Malaysia.

    Sisma Auto managing director Syed Khalil Syed Ibrahim added that the new showroom would help enhance the visibility and awareness of Volvo’s latest range of highly acclaimed luxury cars.

    “We are very proud to be associated with Volvo, a brand that is clearly on the ascent after releasing an amazing range of new models from the XC90 to the new S90 T8 Twin Engine. With this new showroom, we hope to bring the Volvo experience closer to those who live or work in the city,” he said.

    Volvo owners who reside or work in the vicinity could also enjoy a premium ownership experience, a signature of Sisma Auto. The new showroom will feature Sisma Auto’s Concierge Service, which offers home or office vehicle pick-up and drop-off for customers.

    In conjunction with the opening of this new showroom, Sisma Auto is offering customers purchasing any new Volvo model from them, a chance to win an all-expense paid trip to Sweden.

    The new Sisma Auto Volvo Bukit Bintang showroom is located on Ground Floor, Menara Worldwide, 198 Jalan Bukit Bintang, 55100 Kuala Lumpur. Its opening hours are from 9am till 7pm, Monday to Friday and from 10am till 5pm on Saturday and Sunday.

  • Fuel prices drop after five weeks of hikes

    Fuel prices drop after five weeks of hikes

    RON95 and RON97 petrol will be both be 8 sen cheaper at midnight, ending five consecutive weekly price increases.

    The Domestic Trade, Co-operatives and Consumerism Ministry announced today that RON95 will retail for RM2.30/L and RON97 for RM2.58/L, while diesel will drop by 2 sen to RM2.23/L.

    All prices are effective after midnight and valid until next Thursday.

    Fuel prices previously rose for five straight weeks as global oil prices spiked due to the unrest in the Middle East region.

    Putrajaya has pledged to intervene in the event RON95 and diesel exceed the RM2.50/L mark for three consecutive months.

     

  • Bursa Malaysia to push retail participation to 25%

    Bursa Malaysia to push retail participation to 25%

    Bursa Malaysia aims to boost retail investors’ participation to 25 per cent in the near term from the current 23.3 per cent with 80 programmes underway to increase financial literacy.

    Bursa Malaysia chief executive officer Datuk Seri Tajuddin Atan said only four percent out of the 853 respondents had chosen to invest in shares while the rest opted for less traditional investment tools.

    “The public should consider share investment as part of their investment portfolio and change the perception that share investments are too risky.

    “Investment in shares will help diversify portfolio with the opportunity to get higher returns compared to fixed deposit, current and savings account,” he said after launching the “What’s Your Goal” campaign to raise awareness on share investment opportunities today.

    “Besides shares, there are also other investmeny products on Bursa Malaysia like Exchange Trade Funds (ETFs), structured warrants and real estate investment trusts, which are attractive and can meet different risk appetite of investors,” he added.

    Tajuddin said ETFs did not have sales charge and have significantly lower management fee compared to other managed unit trust funds.

    “Stamp duty exemptions announced in Budget 2018 will further enhance the attractiveness of ETFs as a low cost investment product,” he added.

    As of September 27 this year, the trading average daily volume currently stands at RM572 million, 16 per cent higher that RM385 million last year.

    The campaign will run for three months from November 21 to February 2018.

  • Ikea Malaysia’s third store attracts more Singaporeans

    Ikea Malaysia’s third store attracts more Singaporeans

    Ikea Malaysia’s new third store in Johor Baru has attracted crowds of shoppers who hopped over the border from Singapore attracted by cheaper prices.

    Southeast Asia retail director Mike King says Ikea Tebrau is accessible to about 1.8 million Malaysians living within a 60-minute drive from the outlet. It is also 16km from the Woodlands Checkpoint, but some Singaporeans who drove across the causeway at the weekend faced congestion lasting up to two hours.

    Before too long, Ikea Tebrau’s 1771 parking bays were fully occupied, with some customers resorting to parking illegally along the main road outside the store, which is the largest in Southeast Asia at 46,730sqm.

    With 54 showrooms, the store offers more than 8000 home-furnishing products. It has a 750-seat restaurant featuring the brand’s signature Swedish meatballs, and this was packed on Sunday from 11am until 3pm, with some customers queueing two hours to enter.

    Meanwhile, in another Singapore connection, the BBH Singapore agency created a humorous campaign for the new store with the tagline “Now, there’s choice”.

    The campaign features four videos, supported by digital, TV, print, outdoor and radio.

    Capturing everyday domestic life, the films were shot by Argentinian director Augusto G Zapiola.