MREM Press Releases
Federal Court Dismisses Bid To Quash IRBM’s Assessments Through Judicial Review
KUALA LUMPUR, Sept 1 (Bernama) — The Inland Revenue Board of Malaysia (IRBM) wishes to inform that the Federal Court in a landmark decision on 26 August 2020 quashes the Bintulu Lumber Development Sdn Bhd’s bid in challenging the IRBM’s assessments by way of Judicial Review. After hearing vigorous arguments and
CIMB Group announces 1H20 Profit Before Tax of RM910 million; underlying business remains resilient against shocks
The Group targets an absolute cost reduction of around RM500 million or 5% for FY20 through rigorous cost optimisation measures to mitigate the challenging economic environment. – 1H20 PBT of RM910 million and Net Profit of RM785 million with lower annualised ROE of 2.8% due to elevated loan provisions and
Happy National Day To Malaysia And Kyrgyzstan!
KUALA LUMPUR, Aug 28 (Bernama) — August 31st is the great national holiday of Malaysia and Kyrgyzstan, two countries with a long history of friendship and cooperation. Even though Malaysians live in the most southeastern part of Asia and are separated with Kyrgyzstan by thousands of kilometers, they are united by a
PRODUCTIVITY1010 A Virtual Mentoring Digitisation Services For Manufacturing Sector
PETALING JAYA, Aug 28 (Bernama) — In line with the government efforts to leverage on digital skills in the age of technology, Machinery and Equipment Productivity Nexus (MEPN), fully supported by Malaysia Productivity Corporation (MPC) is introducing PRODUCTIVITY1010 (Productivity through Digitisation) via Business Virtual Mentoring Services (BVAM) to assist companies in developing individual digitisation
KPS Earnings Slide In 2Q20 Despite 39% Growth In Revenue Due To Impact Of COVID-19 And Impairment Loss
• Disrupted supply and weaker demand affected manufacturing business, with heavy expenses thinning operating profits • Impairment loss recognised on asset held for disposal and investment property • Long-term business strategy and value creation plans expected to leap Group prospect beyond 2020. SHAH ALAM, Aug 28 (Bernama) — Kumpulan Perangsang
UMW Holdings Registers Profit Before Taxation Of RM4.2 Million For The First Half Of 2020; Expects Improved Second Half
KUALA LUMPUR, Aug 27 (Bernama) — The prolonged Covid-19 pandemic had a significant impact on UMW Holdings Berhad’s financial results for the first six months of 2020. The Group’s revenue reduced by 36.6% to RM3,648.9 million. The Group was also impacted by share of losses of RM44.1 million from one of
Malaysian Government Makes Digital Transformation A Priority For Enhancement Of Public Service Delivery
Crowdsourcing solutions from the Rakyat to accelerate digitalisation of government services delivery in response to the change in operating conditions post COVID-19 Pandemic KUALA LUMPUR, Aug 28 (Bernama) — The Malaysian government will further accelerate the digitalisation of selective government services delivery in response to the ‘new normal’ brought about by COVID-19
DCG Enters into Bitcoin Mining with Newest Subsidiary: Foundry
The new company will provide capital and advisory services to empower the digital asset mining ecosystem DCG commits to $100 million investment in Foundry through 2021 NEW YORK, Aug 28 (Bernama-BUSINESS WIRE) — Digital Currency Group (DCG), a global enterprise that builds, buys, and invests in blockchain companies, today announced a new
CSOP To Bring CSOP Hang Seng TECH Index ETF (Stock Ticker:3033.HK) To List On The HKEX
HONG KONG, Aug 28 (Bernama-BUSINESS WIRE) — CSOP Asset Management Limited (“CSOP”) is proud to announce the listing of CSOP Hang Seng TECH Index ETF (stock ticker: 3033.HK) on Hong Kong Stock Exchange. As the first ETF tracking the newly launched Hang Seng TECH index, CSOP Hang Seng TECH Index ETF
Dr. Akinwumi Adesina re-elected as President of the African Development Bank Group
ABIDJAN, Côte d’Ivoire, Aug 28 (Bernama-GLOBE NEWSWIRE) — Dr. Akinwumi A. Adesina has been re-elected to serve a second five- year term as President of the African Development Bank Group on Thursday, August 27, 2020 by the Board of Governors of the Bank. A globally renowned development economist and a