RETAILERS are still forecasting growth in sales this year, albeit at a slower pace than initially projected. However, they expect margins to be hit by reduced purchasing power and the higher cost of doing business.

In addition, any boost to retail sales from higher foreign tourist arriv...

Retailers may achieve higher sales, but not necessarily better margins 

D&O Green Technologies Bhd

Target price: RM4.80 BUY

Brokers Digest: Local Equities - D&O Green Technologies Bhd, MI Technovation Bhd, ECA Integrated Solution Bhd, Glomac Bhd

By now, you would have heard that after seven months of pre-wedding events and parties, Ananth Ambani and Radhika Merchant finally tied the knot on July 12 in Mumbai, India. If you haven’t, well, I wish my sleep could be that deep.

Coffee Break: Hankering for a slice of ‘Ambaninomics’

THE decision to sell the 160-year-old Penang Turf Club (PTC) — which sits on the largest undeveloped tract of land in George Town — has generated “overwhelming interest” among local and international companies looking to bag the valuable parcel for redevelopment, including at least two prominent ...

The race is on for Penang Turf Club

GROCER TFP Retail Sdn Bhd — which operates the Village Grocer, Ben’s Independent Grocer (BIG) and The Food Merchant chain — is projecting robust growth in the current financial year ending Oct 31, 2024 (FY2024), driven by store expansion, limited competition and rising disposable income among the...

Village Grocer poised to outpace overall retail growth

WHILE two prominent hospital operators — IHH Healthcare Bhd (KL:IHH) and Sunway Healthcare — have emerged as potential suitors for the 600-bed Island Hospital in Penang in a deal said to be worth between RM3.76 billion and RM4.7 billion, the question arises as to whether such a price is justified...

Are IHH and Sunway prepared to pay more than RM4 billion for Island Hospital?

THE mall at Empire City Damansara, which has had multiple false starts over the past decade, is set to finally open in June 2025, 14 years after the project was first launched. Ahead of its opening, the owners of the mall — which will be renamed Hextar World at Empire City — have scheduled a laun...

Hextar World at Empire City to finally open in a year’s time 

THE government is making what appears to be the third attempt in nine years to dispose of a large tract in Pulau Indah in Klang, Selangor. The 1Malaysia Development Bhd (1MDB)-owned land, which has been designated as a free trade zone (FTZ), may be able to fetch as much as RM559 million.

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MoF makes third attempt to sell 1MDB’s land in Pulau Indah, hopes to fetch 50% more

RUSSIA-based Svetofor Group, which operates a chain of grocers in Russia and across Europe is planning to make its entry into Malaysia, possibly its first Southeast Asian destination. The group, known for its hard discount stores/budget supermarkets, is understood to be awaiting the green light f...

Russian grocery retailer Svetofor gears up for Malaysian debut

SINGAPORE-based Allgreen Properties Ltd, a company controlled by Malaysia’s richest man Robert Kuok, has bought back the stake in Johor Bahru City Square (JBCS) mall that it sold to Singapore sovereign wealth fund’s GIC Real Estate Pte Ltd — the real estate investment arm of the Government of Sin...

Kuok Group buys back Johor mall it sold two decades ago to Singapore’s sovereign fund

Israel and Iran launched fresh attacks on each other overnight into Sunday, stoking fears of a wider conflict after Israel expanded its surprise campaign against its main rival with a strike on the world's biggest gas field.

Israel and Iran strike at each other in new wave of attacks

Amazon will invest A$20 billion (US$12.97 billion or RM55 billion) from 2025 to 2029 to expand, operate and maintain its data centre infrastructure in Australia, bolstering the nation's artificial intelligence capabilities, it said in a blog post on Saturday.

Amazon to invest US$13b in Australia's data centre infrastructure over five years

Dual risks kept investors on edge ahead of markets reopening late on Sunday, from heightened prospects of a broad Middle East war to US-wide protests against US President Donald Trump that threatened more domestic chaos.

Investors on edge over Israel-Iran conflict, anti-Trump protests

A manhunt was under way Saturday for a suspect who shot two Democratic Minnesota lawmakers and their spouses and carried a manifesto listing other politicians and abortion providers in the state.

Manhunt on for suspected killer of Democrats in Minnesota

China’s biotechnology stocks have shaken off a four-year slump to be among the hottest performers in Asia this year and funds are tipping further gains.

China’s biotech moment ignites 60% stock rally that beats AI

Boeing Co predicted airlines will need 43,600 new aircraft over the next 20 years, with markets like China and Southeast Asia leading the push as greater prosperity gives more people the means to travel.

Boeing sees need for 44,000 new jets; cautions on slow output

Multiple central banks are set to keep interest rates frozen in the coming week while continuing to gauge the impact of trade disruptions instigated by US President Donald Trump.

Global rate limbo reigns after 150 days of Trump

Taiwan has blacklisted Huawei Technologies Co and Semiconductor Manufacturing International Corp, dealing another major blow to the two companies spearheading China’s efforts to develop cutting-edge AI chip technologies.

Taiwan imposes technology export controls on Huawei, SMIC

While its 2024 collection celebrated the majestic beauty and wildness of a menagerie of creatures amid Habsburg opulence, Cartier’s high jewellery showcase this year took a cool, clean approach, focusing instead on the concept of balance from a distinctively Scandinavian perspective.

A midsommar night’s dream

In the June 16 cover story of City & Country, KIP Real Estate Investment Trust (KL:KIPREIT) CEO Valerie Ong Pui Shan outlines the trust’s ambitious roadmap toward RM2 billion in assets under management (AUM) by 2027.

Taking KIP REIT to greater heights 

In the June 16 cover story of City &amp; Country, KIP Real Estate Investment Trust (KL:KIPREIT) CEO Valerie Ong Pui Shan outlines the trust’s ambitious roadmap toward RM2 billion in assets under management (AUM) by 2027.