Urban Mobility
The Malaysian government is providing a swathe of incentives to encourage more people to drive for ride-sharing services, effectively backing what remains, technically, an illegal activity by law. As the Malaysian prime minister tabled Budget 2017 in end-October, one thing became clear: ride-sharing is here to stay in the nation. The question now is whether big local corporates will take the government’s
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KUALA LUMPUR — Malaysia’s biggest postal company is seeking a more direct role in providing logistics services to Chinese e-commerce giant Alibaba Group Holding Ltd. Pos Malaysia is planning talks with Alibaba this month on bypassing the middlemen when shipping goods sold on its platforms, said Mr Mohd Shukrie Mohd Salleh, its chief executive. “My focus is still e-commerce, and
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KUALA LUMPUR: The Edge had previously reported that French car manufacturers Group PSA and Renault SA have been in talks with Proton since the beginning of the year. Other automakers that are said to be in the running are Volkswagen, General Motors, Suzuki Motor Corp, and at least one Chinese automaker which is believed to be Geely. Media reports said DRB-Hicom
Read moreDRB-Hicom Bhd aims to reduce depending on its automotive and property sectors from 81% of contribution in revenue to 50% in the next five years, according to its managing director Datuk Syed Faisal Albar. Speaking to the media after its extraordinary general meeting (EGM) today, Syed Faisal said that currently, the automotive and property sector contribution in revenue was about
Read moreThe potential foreign partner is expected to be an automaker with a global brand. The sale is being undertaken, says an exclusive report in the Nikkei Asian Review, as part of its restructuring. Proton is losing money. Successful talks would mean the re-entry of foreign capital along with technology know-how for the first time since January 2005, when Mitsubishi Corp
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