KUALA LUMPUR( AFP)-Malaysian police have hit on a novel way to dispose of more than 1, 000 Bitcoin mining machines seized in raids-they crushthe devices using a steamroller. The authorities in Sarawak discovered the machines, worth an estimated RM5.3 million( S$ 1.7 million), in crackdowns between February and April. Eight people were arrested for allegedly stealing the equivalent of US$ 2 million( S$ 2.7 million) worth of electricity to power the energy-hungry computers, according to police." T

SHAH ALAM: A bitcoin mining syndicate was busted for stealing about RM24mil worth of electricity following raids in a few districts in Selangor. Selangor police chief Comm Datuk Arjunaidi Mohamed said 2, 317 bitcoin mining machines worth RM1. 28mil were also seized during the raids on Tuesday( Sept 21)." The raids were conducted by the police with the cooperation of Tenaga Nasional Berhad( TNB) to curb electricity theft and modification of electricity installations for bitcoin mining." We detain

PETALING JAYA: Malaysian companies have sealed deals worth US$ 38. 4mil( RM175. 9mil) at the recent Semicon West 2023, a microelectronics exhibition and conference, held in San Francisco, the United States recently, according to Malaysia External Trade Development Corp( Matrade).In a statement, Matrade deputy chief executive officer Sharimahton Mat Saleh said 2023 marked the national trade agency’s 13th year of participating in Semicon West.“ This exceptional achievement underscores the strong i

IPOH: Police have busted a cryptocurrency mining operation that was stealing power and seized RM1. 6mil worth of equipment in Manjung. Perak police chief Datuk Comm Mior Faridalathrash Wahid said police checked 47 premises in the district and found 16 of these locations stealing power to run the mining during an operation from 3. 30pm Monday( Jan 3) to 4am on Tuesday( Jan 4).He said police seized seized 816 cryptocurrency mining machines, 15 monitors, 17 computer processing units and 16 Internet

JOHOR BARU: In an effort to prevent the spread of Covid-19, the Sultan Ibrahim Johor Foundation( YSIJ) has donated some RM28mil worth of medical equipment to the Health Ministry and Johor Health Department. The contribution was made in cooperation with Yayasan Temasek from Singapore, according to a statement on Sultan Ibrahim Ibni Almarhum Sultan Iskandar's Facebook page." The medical equipment will be used in government hospitals." The Health Ministry received 400 units of non-invasive ventilat

PETALING JAYA: AT Systematization Bhd has bagged a contract worth US$ 10mil( RM41. 85mil) from Switzerland-based Rieter Machine Works Ltd to manufacture and supply aluminium parts for Rieter’s card and ring spinning machines.AT said in a statement yesterday that its wholly-owned subsidiary AT Precision Tooling Sdn Bhd had signed a two-year value contract with Rieter, effective from Jan 1, 2022 until Dec 30, 2023....

KUALA LUMPUR( Bernama)--IJM Construction Sdn Bhd, a wholly-owned subsidiary of IJM Corporation Bhd( IJM Corp), has secured three construction contracts worth RM680 million.In a statement today, IJM Corp said the contracts comprised a RM242.4 million serviced apartment project in Segambut, a RM382.8 million luxury residential project in Bukit Kiara, both in Kuala Lumpur, and a RM55.0 million factory expansion project in Batu Kawan, Penang.It said the Segambut project was secured from JKG Central

PETALING JAYA: The government has approved wage subsidy applications worth over RM15. 7bil under the various wage subsidy programmes. Under Wage Subsidy Programme 1.0( PSU 1.0) up to Sept 3, 2021, a total of RM12. 936bil had been approved, benefitting 322, 177 employers and 2.64 million workers, according to Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. For PSU 2.0, up to Sept 3, a total of RM1. 373bil had been distributed to 79, 703 employers for them to continue operating, susta

PETALING JAYA: The local rubber industry has the potential to expand after the country recorded rubber exports worth RM71bil last year, said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin, Bernama has reported. She said out of that value, rubber gloves remained the main export earner, contributing RM54. 81bil, which was 55.4% higher than 2020.“ Various programmes have been implemented by the Malaysian Rubber Board( MRB) to help rubber industry players, including providin

PETALING JAYA: In efforts to promote reading and alternative methods of learning, UOA Group( UOA) has contributed RM90, 000 worth of Kuntum magazines and The Star Digital Access for students in the Klang Valley. From the total, RM60, 000 will be used to distribute Kuntum magazines, a monthly edutainment magazine published by Star Media Group( SMG) Bhd that helps children between the ages of six and 12 in primary schools to develop their knowledge on topics such as mathematics, science, and langu