Latest news with #XBRL
The Star
25-06-2025
- Business
- The Star
Micro SMEs burdened by new tax reporting format
I APPRECIATE the government's various incentives and grants to support small businesses, especially micro, small and medium enterprises (MSMEs), which contribute to approximately 39% of Malaysia's GDP. However, the recent ruling by the Inland Revenue Board (IRB) requiring the mandatory submission of tax documents in XBRL (eXtensible Business Reporting Language) format starting this year seems to contradict this spirit of support. While digitalisation and standardisation are laudable goals, the cost of compliance with this new format disproportionately affects smaller businesses like mine.
Zawya
05-05-2025
- Business
- Zawya
Jordan: Net profits of ASE-listed companies stand at $795mln in Q1 2025
AMMAN — CEO of the Amman Stock Exchange (ASE) Mazen Wathaifi on Sunday said that the after-tax profits attributable to shareholders of public shareholding companies listed on the Amman Stock Exchange (ASE), which provided their financial data, rose to JD564.4 million in the first quarter of 2025. Wathaifi said that the figure marked an increase of 7.6 per cent, compared with JD524.6 million during the same period in 2024, the Jordan News Agency, Petra, reported. He added that the pre-tax profits for these companies also increased, reaching JD804.3 million in the January-March period of 2025 compared with JD758.1 million in the corresponding period of 2024, marking a 6.1 per cent rise. At the sectorial level, the CEO said that the after-tax profits for the industrial sector grew by 10.1 per cent, while the financial sector saw an 8.9 per cent increase. The services sector recorded a 12.7 per cent decline in profits, he pointed out. Wathaifi noted that these positive results in the first three months of 2025, in light of the geopolitical and economic challenges facing the region and the world, highlight the 'resilience, strength and capacity' of the national economy to overcome such risks 'efficiently'. He attributed these results to the 'effectiveness' of the implemented economic policies, the advancement of projects under the Economic Modernisation Vision, ongoing structural and legislative reforms, improved business environment and investment climate. Wathaifi said that the national economy has achieved several positive indicators, including a 2.5 per cent growth rate in 2024, a 5.8 per cent surge in total exports exceeding expectations, and foreign currency reserves surpassing $22 billion. The CEO also said that 94 per cent of the 160 companies listed on the ASE have submitted their reviewed interim financial statements for the period ending March 31, within the deadline, through the electronic disclosure system XBRL. He stressed that this percentage reflects the 'strong' commitment of listed companies to the applicable laws and regulations, and the principles and standards of disclosure and transparency. Wathaifi added that according to ASE's listing requirements, all listed companies are obligated to submit their reviewed financial statements, audited by their external auditors, within the designated period. He stressed that the ASE has made these statements available on its official website [ under the circulars and disclosures section (Quarterly Data). © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Business Wire
30-04-2025
- Business
- Business Wire
Arverne Group Releases Its 2024 Universal Registration Document
PAU, France--(BUSINESS WIRE)--Regulatory News: Arverne Group (ISIN code: FR001400JWR8, mnemonic code ARVEN), a French industrial company specialized in the production of renewable underground resources, announces the publication of its 2024 Universal Registration Document, filed with the Autorité des Marchés Financiers (AMF) on April 30, 2025. The Universal Registration Document is available to the public under the conditions set out by the relevant applicable regulations, on Arverne Group's website ( and the AMF's website ( The following documents are included in the Universal Registration Document: the Annual Financial Report, the Company activity report, the Board of Directors' report on Corporate Governance, the Statutory Auditors' reports and information on their fees, the Mission-driven company report including the assessment of the independent third-party organization. The Universal Registration Document is also published in European single electronic format (ESEF), including the primary financial statements and associated notes marked up with XBRL tags. Next event: Annual general meeting, June 18, 2025 About Arverne Group Arverne Group specializes in harnessing underground resources to transform them into environmentally friendly, local and renewable energy, contributing to the prosperity of local communities. As an integrated industrial player, Arverne Group spans the entire underground value chain, from exploration to drilling and production to sales to end-users. Arverne Group aims to become the French leader in geothermal energy and its by-products, including low-carbon geothermal lithium. Founded in Pau in 2018, Arverne Group has structured its business activities around several subsidiaries, notably Lithium de France (geothermal heat and extraction and sale of geothermal lithium), 2gré (sale of geothermal heat), Arverne Drilling Services (drilling operations). A mission-driven company, Arverne Group is listed on the Tech Leaders segment of Euronext Paris (ISIN FR001400JWR8, symbol ARVEN).
Business Upturn
30-04-2025
- Business
- Business Upturn
HUDCO Board to consider fund raising on May 6
By Aditya Bhagchandani Published on April 30, 2025, 13:15 IST Housing & Urban Development Corporation Ltd (HUDCO) has announced that its Bond Allotment Committee will convene a meeting on May 6, 2025, to discuss a proposed fund raise through debt issuance. The information was disclosed via a regulatory filing submitted in XBRL format. The meeting, categorized as an 'Other' type under SEBI disclosure norms, will specifically focus on the mode of fund raising via debt instruments. This aligns with HUDCO's ongoing capital raising plans to support infrastructure and housing development initiatives. As per the filing, the trading window for the company has been closed since April 1, 2025, in compliance with SEBI's insider trading regulations. However, the end date for the trading window closure was not clearly specified in the document. The decision comes at a time when several public sector undertakings are actively leveraging debt markets to fund expansion and developmental projects. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Wire
25-04-2025
- Business
- Business Wire
Verimatrix: Filing of 2024 Universal Registration Document
AIX-EN-PROVENCE, France & SAN DIEGO--(BUSINESS WIRE)--Regulatory News: Verimatrix (Euronext Paris: VMX), announced that it has made available to the public and filed with the French financial market authority (the Autorité des marchés financiers – the 'AMF') its universal registration document in French. The document includes the annual financial report ("rapport financier annuel") for 2024 and the annual management report ('rapport de gestion'). It was filed with the AMF in XBRL format. It is available on the Company's website: About Verimatrix Verimatrix (Euronext Paris: VMX) helps power the modern connected world with security made for people. We protect digital content, applications, and devices with intuitive, people-centered and frictionless security. Leading brands turn to Verimatrix to secure everything from premium movies and live streaming sports, to sensitive financial and healthcare data, to mission-critical mobile applications. We enable the trusted connections our customers depend on to deliver compelling content and experiences to millions of consumers around the world. Verimatrix helps partners get to market faster, scale easily, protect valuable revenue streams, and win new business. To learn more, visit:
