Many reports have been written about how the internet is helping online retail sites to slowly take more market share from brick and mortar retail outlets. I personally still shop much more at malls than online sites. My favourite online site? 11street.my Somehow when it’s a pair of shoes, walking in it feels better than just to know if the size is right. Touching the fabric of the shirt and putting it on and then showing my wife before buying it seems more appropriate. However, the effects are real. Online media is the way of the future. Companies like iproperty.com.my and property guru.com.my are already valued much higher than the traditional media companies of today. If the media companies themselves are not doing well, what about companies supporting them? One has just declared that it has thrown in the towel after three years of continuous losses.
Here’s the full article in TheStar. Malaysia’s pioneer newsprint producer to be wound up. The company is Malaysian Newsprint Industries Sdn Bhd. It is a regional paper manufacturer and supplier and partly owned by The New Straits Times Press (M) Bhd (NSTP) and Hong Leong Industries Bhd (HLI). In filings with Bursa Malaysia, Media Prima Bhd and HLI said the board of their associated company MNI had on Tuesday appointed Lim San Peen of PricewaterhouseCoopers Advisory Services Sdn Bhd as the interim liquidator. (This means it will now be sold and the proceeds distributed to its share holders) As there will be loss provisions, it will have a negative impact to both Media Prima and HLI for their financial quarter ended June 30, 2017. MNI has Malaysia’s first newsprint mill. Its other owners include Oslo-based Norske Skog and Rimbunan Hijau group. Please do read more in TheStar article here.
A KL based friend has a printing company. Actually, she’s doing pretty well. Maybe because she supports hundreds or thousands of writers who wish to publish their books instead of a few huge customers. Maybe it’s also because she takes in all kinds of printing work. Maybe because she is okay with low margins but from lots of orders. Yes, I hope that I will be engaging her soon. Haha. My first book. Another has a printing company in Penang, no idea if he is doing well but he still owns the business. I think all businesses would face lots of headwinds. Diversification and finding new niches would be very useful for its survival. Any business that has been around for a few years are guaranteed to have competitions. Sometimes we just fail to stay ahead. Fortunately, kopiandproperty.com is still just an interest. Haha. Happy working hard everyone and keep learning and growing!
written on 1st Aug 2017
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