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Loob to set up 10 corporate stores in China this year

SHANGHAI: Loob Holding plans to set up 10 corporate stores in China this year before franchising its Tealive bubble tea business to local entrepreneurs in the world’s second-largest economy.

Queen of the King of Fruits

IT IS not easy being the queen in the King of Fruits business.

Malaysia bets on durian as China goes bananas over it

KUALA LUMPUR: The spiky durian is set to become Malaysia's next major export as the Southeast Asian nation rushes to develop thousands of acres to cash in on unprecedented demand for the fruit from China.

Alibaba inks deal with local supplier for Musang King

KUALA LUMPUR: Chinese e-commerce giant, Alibaba Group, has entered into a strategic cooperation with a local durian supplier for the export of frozen Musang King (in whole fruit form) into China.

Felda needs govt guarantees for external funds, debts at RM8.05bil

PETALING JAYA: The Federal Land Development Authority (Felda), the authority that is saddled with debts of RM8.05bil, is expected to see its cash balance drop to about RM100mil by year-end, hampering efforts for external funding, according to sources

Loob launches Tealive store in China

PETALING JAYA: Loob Holding Sdn Bhd, the creator of Malaysia’s Tealive bubble tea brand, has launched the first of its 500 stores in China.

Agrobank plans to increase financing in Sabah to RM1bil this year

KOTA KINABALU: Agrobank is targeting to achieve a total outstanding balance of RM1bil in Sabah this year, a 16% increase from last year.

PLS Plantations buys Dulai Fruits stake

KUALA LUMPUR: In a move to diversify revenue and earnings, PLS Plantations Bhd through its unit, Brighthill Synergy Sdn Bhd, is venturing into the durian business by acquiring a 70% share in Dulai Fruits Enterprise Sdn Bhd for RM21mil.

PLS Plantations buys stake in durian exporter Dulai for RM21mil

KUALA LUMPUR: PLS Plantations Bhd through its unit, Brighthill Synergy Sdn Bhd, is venturing into the durian business by acquiring a 70% share in Dulai Fruits Enterprise Sdn Bhd (Dulai Fruits) for RM21mil.

Scientex posts 22% higher Q4 net profit of RM88.29mil

KUALA LUMPUR: Scientex Bhd posted its best-ever quarterly performance in its fourth quarter ended July 31,2018, with a net profit of RM88.29mil, 22% higher than in the same quarter last year as revenue grew 13% to RM733.15mil.