United Overseas Bank (Malaysia) Bhd (UOB Malaysia) reported a net profit of RM1.02 billion for 2020, down by 16.8% year-on-year (y-o-y), due to pre-emptive provisioning of its assets amid uncertainties arising from the Covid-19 pandemic.
Published on: Friday, April 16, 2021
By: Bernama
1,200 megawatt combined-cycle gas turbine power plant in Pulau Indah, Selangor.
Kuala Lumpur: United Overseas Bank (Malaysia) Bhd (UOB Malaysia) has reiterated its commitment to help the country’s transition to cleaner energy by supporting power plants with lower environmental impact and financing natural gas and solar projects in the country.
In a statement Thursday, UOB Malaysia said the bank was a co-financier in a Commodity Murabahah Term Financing-i facility for the recently-announced 1,200 megawatt combined-cycle gas turbine power plant in Pulau Indah, Selangor.
“Upon completion in 2024, the power plant is expected to meet the demand in the Klang Valley in a more sustainable manner because a natural gas power plant has higher energy efficiency and emits 50 to 60 per cent less carbon dioxide per kilowatt-hour than a typical coal plant,” it said.
AIESEC in Malaysia introduces the inaugural “Byte-sized Leadership Programme”
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In an effort to engage local youths to become future leaders, AIESEC in Malaysia introduces the inaugural Byte-sized Leadership Programme with strategic partners to connect young talents with thought leaders from different corporate sectors in the country.
This year the programme is introduced in collaboration with ADA, Maxis and UOB Malaysia with the aim to engage these youths on relevant topics about leadership in a light and fun manner.
This collaboration with ADA, Maxis and UOB Malaysia comes at a time when there is a growing gap between universities curriculum and the current realities in the industry. According to the Department of Statistics Malaysia, the unemployment rate for youth aged 15-30 years old has risen to 8.7% in December 2020, higher than 4.8% of the national unemployment rate.
KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd (UOB Malaysia) has reiterated its commitment to help the country's transition to cleaner energy by supporting power plants with lower environmental impact and financing natural gas and solar projects in the country.
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