KUCHING: Sarawak Consolidated Industries Bhd (SCIB), through its wholly-owned subsidiary SCIB Industrialised Building System Sdn Bhd (SIBS), has secured a RM32.78 million contract to build a new school in Sabah. SIBS received a letter of award from Belian Juta Sdn Bhd for an engineering, procurement, construction and commissioning (EPCC) contract
Clean balance sheet strengthens flexibility despite softer earnings year KUCHING: Dayang Enterprise Holdings Bhd has cleared all its bank borrowings, entering 2026 with a clean balance sheet and stronger financial flexibility. Group managing director Tengku Dato Yusof Tengku Ahmad Shahruddin said the group ended 2025 free of borrowings and encumbrances.
KUCHING: Petra Energy Bhd’s wholly-owned subsidiary, Petra Energy Development Sdn Bhd (PEDSB), has secured a contract from Vestigo Petroleum Sdn Bhd for the provision of field operation management services for SK407 PSC and associated facilities. The SK407 field is an offshore block located offshore in Miri. The contract consists of
KUCHING: Subur Tiasa Holdings Bhd’s independent auditors, Messrs Crowe Malaysia Plt, have issued an unqualified audit opinion with a material uncertainty related to the going concern as the company’s liabilities have far exceeded its assets. Based on Subur Tiasa’s financial statement as at December 31, 2025, the group’s current liabilities
KUCHING: Petra Energy Bhd has secured offshore contracts in Sarawak worth a total of RM298 million. Its subsidiary, Petra Resources Sdn Bhd (PRSB), received and accepted four work orders from Petronas Carigali Sdn Bhd (PCSB) for the provision of hook-up & commissioning (HUC) services for the Bintulu integrated facilities (BIF)
KUCHING: Insights Analytics Bhd (IAB) has been sued by Place2Stay Management Sdn Bhd over claims amounting to RM8.48 million, representing the alleged balance purchase price for software systems. In a filing alongside its third-quarter financial results, IAB said it, its wholly-owned subsidiary Insights Analytics Technology Sdn Bhd (IATSB), and two
KUCHING: The United States of America (US) recorded double-digit growth in imports of most tropical hardwood products in 2025 compared with 2024, despite trade tariffs and the uncertainty caused by frequent tariff changes last year. Year on year, US imports of hardwood plywood rose by 19 per cent to more
KUCHING: Sarawak Consolidated Industries Bhd (SCIB) Group suffered huge losses of RM33.26 million for an 18-month period to December 31, 2025, due mainly to impairment of receivables in the construction/engineering, procurement, construction and commissioning (EPCC) segment. Group revenue stood at RM276.2 million. The company incurred losses per share of 4.86
KUCHING: Ceramic tiles manufacturer Kim Hin Industry Bhd has reported improved sales by its Australia operation while making a turnaround in its China operation after cessation of the manufacturing activities in Shanghai a year ago. In fourth quarter to December 31, 2025 (4Q2025), Kim Hin significantly narrowed its group net
KUCHING: WTK Holdings Bhd has returned to profitability with group net profit of RM38.6 million on revenue of RM577.1 million in financial year ended December 31, 2025 (FY2025) after losing money for six straight years since 2019. In FY2024, WTK incurred group net loss of RM43.2 million on sharply higher
