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SHANGHAI: Bearing rice burgers and lotus roots, an army of Chinese fast food firms is cooking up a challenge to McDonald's Corp and Yum Brands Inc, tempting cost-conscious diners with healthy, homegrown fare and causing a drag on growth for the U.S. chains in the country's $174 billion fast food market.
PETALING JAYA: Malaysia’s retail industry recorded a sluggish sales growth of 3.1% in the third quarter of last year compared with 4.8% in 2012, according to a report by Retail Group Malaysia (RGM).
PETALING JAYA: Retail sales is expected to rise by only 4.8% for the first quarter of this year despite the Chinese New Year celebrations, according to the Malaysia Retail Industry Report. This compares with a 7.5% growth for the same period in 2013.
WILL the tragedy surrounding Malaysia Airlines flight MH370 affect tourism and retail? Retail specialists say no.
SINGAPORE: Oil prices were mixed in Asian trade Wednesday following big gains in European and US trade that were fuelled by renewed Russia-Ukraine tensions.
SINGAPORE: Singapore's Tiger Airways Holdings Ltd said it would be replacing its CEO with an executive from its largest shareholder, Singapore Airlines Ltd, days after the budget carrier reported a big widening in its losses.