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CIMB sinks into 3QFY21 net loss of RM100.6m on RM1.22b impairment for Thai unit, 9MFY21 earnings up 251.30% to RM3.44b

KUALA LUMPUR (Nov 30): CIMB Group Holdings Bhd sinks into red ink, posting a net loss of RM100.59 million for the third quarter ended Sept 30, 2021 (3QFY21) from a net profit of RM194.44 million a year ago, underpinned by impairment of CIMB Thai goodwill amounting to RM1.22 billion in the current quarter. ....

Kuala Lumpur , Datuk Abdul Rahman Ahmad , Group Holdings Bhd , Holdings Bhd , Bursa Malaysia ,

CIMB registers RM100mil loss in Q3 due to goodwill impairment in Thailand

KUALA LUMPUR: CIMB Group Holdings Bhd made a RM100.6mil loss in the third quarter due to a massive non-cash accounting impairment of goodwill of RM1.22bil for its business un Thailand, as well as RM83mil in intangible assets write-off and accelerated amortisation. ....

Kuala Lumpur , Datuk Abdul Rahman Ahmad , Group Holdings Bhd , Abdul Rahman Ahmad , Corporate News , Cimb Group ,

CIMB posts RM100.6m net loss in Q3 | Money

KUALA LUMPUR, Nov 30 CIMB Group Holdings Bhd recorded a net loss of RM100.6 million in the third quarter (Q3) ended Sept 30, 2021 (FY2021) against a net profit of RM194.44 million in the same period a year ago. Revenue slipped to RM4.39 billion from RM4.41 billion previously. “Q3 FY2021. ....

Kuala Lumpur , Datuk Abdul Rahman Ahmad , Group Holdings Bhd , Kuala Lumpur February , Holdings Bhd , Bursa Malaysia , Cimb Group Holdings Bhd ,

Enhancing efforts to achieve carbon-neutrality

A new initiative, called Voluntary Carbon Market, will be launched under Bursa Malaysia, as part of the government’s move to transition the country into a low-carbon economy. ....

France General , Datuk Abdul Rahman Ahmad , Tengku Zafrul , Zafrul Abdul Aziz , Abrara Anwar , Bankm Bhd , United Nations Sustainable Development Goals , Standard Chartered Bankm Bhd , Voluntary Carbon Market , Bursa Malaysia , Last April , Chartered Bank , Ong Eng Bin , Abdul Rahman Ahmad , United Nations Sustainable Development , Budget 2022 , Carbon Neutral , Carbon Credit Trading ,

Captains of industry share their views

Budget 2022, unveiled by Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, has the largest ever expenditure plan. It looks to also promote ESG themes in its proposals. ....

Datuk Choong Kai , Khazanah Nasional Bhd , Datuk Abdul Rahman Ahmad , Perkukuh Pelaburan Rakyat , Caruman Sukarela Insentif , Datuk Sulaiman Mohd Tahir , Dana Impak , Kumpulan Wang Persaraan Diperbadankan , Hong Piow , Syarikat Jaminan Pembiayaan Perniagaan , Amir Hamzah Azizan , Nik Amlizan Mohamed , Semarak Niaga Keluarga , Sheyantha Abeykoon , Abrara Anwar , Datuk Khairussaleh Ramli , Datuk Abdul Farid , Sp Setia Bhd , Datuk Amirul Feisal , Leong Hoy Kum , Banking Group , Security Organisation , Public Bank Group , Un Sustainable Development Goals , Term Employment Programme , Holdings Sdn Bhd ,