| Mynews Holding Berhad | |
| Type: | Private limited company |
| Foundation: | – Damansara, Selangor, Malaysia |
| Location City: | Level 20, First Ave |
| Location Country: | Malaysia |
| Area Served: | Malaysia |
| Industry: | Retailing |
| Products: | Convenience products |
| Brands: | myNEWS.com |
| Num Employees: | Over 1600 (As of June 2018) |
myNEWS.com is a retail convenience chain located in Malaysia., myNEWS.com has more than 460 outlets, the majority of them located in the urban areas of Peninsular Malaysia. myNEWs outlets can be commonly found in shopping complexes, business hubs, transportation hubs and rail transport hubs, such as LRT and MRT stations. It currently serves over 2.5 million customers monthly and has more than 1600 employees.
On 25 December 1996, MAGBIT in 1 Utama Shopping Centre was established by Dang Tai Luk and his wife Ling Chao. In 1997, the "myNEWS.com" brand name was launched, riding on the ".com" wave with the opening of the first myNEWS.com outlet in Mid Valley Megamall.[1] Subsequently, a company called Bison Stores Sdn Bhd was formed with plans to manage and expand myNEWS.com outlets across Malaysia. Bison started predominantly as a print media retailer and evolved to become a press and retail convenience outlet chain. Gradually progressing in the early stages, Bison Stores Sdn Bhd managed to open 10 outlets after three years in operation, and achieved its 100th outlet opening in 2007, its 200th outlet in 2014, and its 300th outlet in 2016.
In May 2016, the myNEWS.com brand name was licensed to two outlets at the Yangon International Airport in Myanmar.
On 2 October 2017, Bison Stores Sdn Bhd changed its company's name to Mynews Retail Sdn Bhd.
myNEWS sells magazines to convenience products such as household items, food and beverage, tobacco, personal hygiene and pharmaceutical products, snacks and drinks. Some selected outlets also offer other services, including prepaid top-up for mobile service providers, Touch ‘n Go reloads, bill payments, money remittance services and automated teller machines, photocopying, money changing, as well as courier services.
myNEWS has implemented several sustainability policies to address its environmental impact. The company has conducted a comprehensive carbon footprint assessment at its headquarters, identifying Scope 1 emissions at 1,053,147 kg, Scope 2 emissions at 2,155,937 kg, and Scope 3 emissions at 2,188,466 kg. To further reduce its environmental footprint, myNEWS has installed solar panels at its headquarters and food processing center (FPC), generating 1,325,602 kWh of clean energy in fiscal year 2023, a 69% increase from the previous year, and resulting in a 10% reduction in energy costs. Additionally, the company has launched various recycling initiatives, including the reuse of wooden pallets and increased recycling rates for carton boxes, which have saved over 6,000 Malaysian ringgit. myNEWS has also made significant strides in reducing traditional plastic usage, opting for biodegradable alternatives, and has recycled 58,029 kg of used cooking oil into biofuels and biodiesel. [2]