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Breakfast briefing: Wednesday, January 11 (Update)

Breakfast briefing: Tuesday, January 11

Tasco expands into cold chain logistics business

PETALING JAYA: Freight-forwarding firm Tasco Bhd is marking its foray into cold chain logistics through the acquisition of Gold Cold Transport Sdn Bhd (GCT) for RM186.08mil.

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Consumer stocks top gainers list at midday, HLT in focus

KUALA LUMPUR: Consumer stocks were among the top gainers at midday on Tuesday in thin trade amid a cautious broader market but Maxis and Genting Malaysia underpinned the FBM KLCI's advance.

Tasco buying Gold Cold Transport for RM186m

KUALA LUMPUR: Logistics company Tasco Bhd is buying Gold Cold Transport Sdn Bhd (GCT) – one of the largest cold chain logistics players in Malaysia in terms of storage capacity size – for RM186.08mil as it makes its foray into a new segment of the industry.

Good prospects for courier firms

PETALING JAYA: Earnings prospects for courier companies will remain resilient on anticipated robust growth and a low base.

Cautious start for KLCI after overnight fall on Wall Street

KUALA LUMPUR: Blue chips slipped in early Wednesday trade as cautioned prevailed after the overnight fall on Wall Street as key Asian markets also retreated on news the quantitative easing would be wound up.

Japanese, South Koreans may buy stake in Century Logistics

PETALING JAYA: Century Logistics Holdings Bhd is in talks with parties from South Korea and Japan looking for a strategic tie-up for access into the Malaysian market, sources say.

Logistics firm Xin Hwa upbeat about prospects

TAKING a cue from the success of logistics companies in the country, Xin Hwa Holdings Bhd is all set to go public by the end of this month.

The transporting landscape is quietly transforming

THE supposedly boring landscape of logistics has been quietly transforming. For the longest time, logistics was seen as something old – think lorry trucks, low wages, intensity of labour, and the loading and unloading of goods.