The chain is expected to copy its successful China playbook of promotions and steep discounts in Malaysia. To commemorate the launch, Luckin priced its beverages as low as 2.99 Malaysian ringgit ($0.67). A Starbucks americano costs about 11 ringgit ($2.50).
The ringgit jumped to its highest level in almost three months against the US dollar at the close on Friday after US President Donald Trump adopted
There will always be border disputes in Asia, and China should not be singled out because of tensions in the South China Sea, Malaysian Prime Minister Anwar Ibrahim said Wednesday.
He says Malaysia may have border issues with neighbours, but still manages to cultivate good relations. Read more at straitstimes.com.
Policies restricting free trade would not only impact Malaysia and other Asean nations but would also have repercussions for the United States economy itself, says Prime Minister Datuk Seri Anwar Ibrahim.
Southeast Asian foreign ministers hold a closed-doors retreat in Malaysia on Sunday, as the country hosts its first meeting as chair of the regional bloc ASEAN amid an intensifying civil war in Myanmar and confrontations in the South China Sea.
Malaysia's response to this crisis will reveal whether ASEAN's commitments to human rights are mere rhetoric or genuine principles of action.
Malaysia plans to strengthen three-decade old anti-dumping legislation in the coming weeks to clamp down on a deluge of cheap goods from countries like China, according to a high-ranking trade official.
Southeast Asian foreign ministers are gathering for their first meeting this year under the regional bloc’s new chair, Malaysia, seeking a breakthrough over Myanmar’s drawn-out civil war and territorial disputes in the South China Sea.
Malaysia ’s closer ties to Singapore are part of a broader push by the former to use its chairmanship of the Association of Southeast Asian Nations this year to forge stronger links with its nearest neighbours, as global trade networks become increasingly balkanised.
From the chemicals that have been the building blocks of industry for generations to the very latest specialty chemicals, demand is booming around the world.
Chinese coffee chain Luckin Coffee has entered the Malaysian market with the opening of two new outlets in Kuala Lumpur. The move is part of a strategic expansion with 200 store openings across the country up to 2028, as reported by World Coffee Portal.