SSM National Conference 2024: Advancing Corporate Transparency And Beneficial Ownership Reporting

KUALA LUMPUR, The Companies Commission of Malaysia (SSM) is hosting its 13th National Conference with the aim of deepening the understanding of board members and corporate professionals regarding strategies to enhance resilience and corporate transpa…

635 Company Directors Barred From Leaving Malaysia Over Unpaid EPF Contributions

KUALA LUMPUR, The Employees Provident Fund (EPF) has submitted the names of 635 company directors to the Immigration Department, barring them from leaving Malaysia due to their failure to remit employees’ contributions between January and June this y…

Adoption Of New Accounting Standard Shakes Up Top Reinsurers Ranking – AM Best

KUALA LUMPUR, Global credit rating agency AM Best revealed that the implementation of the International Financial Reporting Standards (IFRS) 17 in the insurance industry has forced a modification to its annual ranking of top reinsurance groups for 20…

Johor, Selangor And Penang Dominate Malaysia’s Exports In July 2024 — DoSM

KUALA LUMPUR, Johor, Selangor and Penang led Malaysia’s exports, accounting for 70.6 per cent of the total in July 2024, according to the Department of Statistics Malaysia (DoSM).

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said exports rose …

Axis-REIT Acquires Warehouse Facilities For RM158.64 Mln

KUALA LUMPUR, Axis Real Estate Investment Trust’s (Axis-REIT) trustee, RHB Trustees Bhd has entered into sale and purchase agreements to acquire two warehouse facilities from Malconrep Depot (M) Sdn Bhd (MDSB) and Dayang Mewah Sdn Bhd (DMSB) for RM15…

Bursa Malaysia Extends Rally, FBM KLCI Closes Near 45-month High

KUALA LUMPUR, Bursa Malaysia extended its rally today, with the key index closing near to a 45-month high, fuelled by a surge in sentiment within the financial sector, underpinned by the robust quarterly earnings reports from key players.

At 5 pm, t…

QL Resources 1Q Net Profit Rises To RM107.43 Mln

KUALA LUMPUR, QL Resources Bhd’s net profit rose to RM107.43 million in the first quarter ended June 30, 2024 (1Q FY2025) from RM92.81 million a year ago due to sales increase in its convenience store chain (CVS) segment.

In a bourse filing today, t…