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Festive shopping to pick up next week

Chinese New Year shopping is expected to heat up towards the end of the month with retailers expecting monthly sales to increase between 15% and 20%, Malaysian Retailer-Chains Association president Datuk Dr Chin See Keat said.

Key issue for success in investment banking

WITH so much consolidation and relocation occurring among investment banks, a key issue for success is commitment and maintaining close relationship with clients.

Roaring business for SCB

MANY property developers are having a hard time with their bottom lines these days but SCB Developments Bhd is one exception.

Baswell is confident of furniture business

THERE are many in the furniture industry that might view the future of their business with a sour visage. With over 3,000 players in Malaysia and a likely growth of only 5 per cent per annum for the next 5 years, the threat of extinction is only too ominous.

Laura Ashley sales down in Europe

SLUGGISH sales by its European outlets pulled down the overall performance of Laura Ashley, the Malayan United Industries Bhd-owned high street fashion company, which has joined the ranks of disappointed Christmas retailers.

Yahoo! Inc gets more aggressive in Malaysia

YAHOO! Inc may have diversified into fee-generating services so as to reduce its reliance on advertising sales, but that does not mean the world's largest Internet portal is slowing down efforts to attract advertisers. In Malaysia, at least, it is clearly becoming more aggressive.

Boustead sees full tenancy at new mall by year-end

BOUSTEAD Holdings Bhd expects shops at its flagship retail project, I>The Curve/I>, in Mutiara Damansara to be fully taken up by the end of this year, in good time for its grand opening in mid 2004, according to chairman Gen (R) Tan Sri Mohd Ghazali Che Mat.

Laura Ashley warns on profit

Laura Ashley Holdings Plc, the British fashion retailer owned by MUI Holdings Bhd, delivered a profit warning yesterday, saying same store sales were up 5% during the 23 weeks to Jan 4 and up 6% during the Christmas period.