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Breakfast briefing: Tuesday, January 11
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
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.
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.
PETALING JAYA: Earnings prospects for courier companies will remain resilient on anticipated robust growth and a low base.
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.
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.
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 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.