KUCHING: Sarawak Consolidated Industries Bhd (SCIB) has received approval from Bursa Securities for its proposed rights issue with warrants and share capital reduction. In its letter dated September 26, Bursa Securities approved the listing and quotation of about 763.62 million rights shares and the same number of warrants. SCIB could
KUCHING: The downturn for the overall prosperity of the timber harvesting and primary processing industries in several tropical countries has persisted. Last month, the Global Timber Index (GTI) – Producers registered 37.7 per cent, and had stayed below the critical value (50%) for several consecutive months, indicating a downturn for
KUCHING: Sarawak’s total export earnings from the timber industry has dropped to RM223.93 million last month from RM234.68 million in July 2025 or a decrease of RM10.75 million, dragged down by the sharp fall in the sales of plywood. Month-on-month, export receipts from plywood shrank to about RM98.4 million (free
KUCHING: The overall demand for wood-based panels in tropical countries under Global Timber Index (GTI) watch grew for the third consecutive month in August 2025. The new orders index in GTI-Woodbased Panel (GTI-WBP) pilot countries registered 53.2 per cent, the export orders index rose by 0.1 percentage point to 52.9
KUCHING: Malaysia’s plywood exports to Japan have jumped by nearly 50 per cent to 68,700 cubic metres (cu m) in July 2025 from 46,200 cu m in the previous month of June (+22,500 cu m), and this was the monthly highest recorded this year. The big gains made by Malaysia
KUCHING: China’s imports of sawnwood recorded a double-digit decline in the first six months of 2025 following a slump in real estate and construction activities, impacting major supplying countries including Malaysia. According to China Customs data cited by the International Tropical Timber Organisation (ITTO), the country imported 12.15 million cubic
KUCHING: South Korean company, Hanil Electric Co Ltd, plans to invest in a manufacturing plant in Sarawak, with estimated total investment of US$50 million (RM210.7 million). Hanil Electric’s principal activity is manufacturing of pumps and water circulation systems, household goods/electrical appliances and baby products. Under a memorandum of understanding (MoU)
KUCHING:Shin Yang Group Bhd (SYGroup) has transferred 55 million treasury shares as part payment to the vendors who sold the Toyota dealership business in Sarawak,Sabah and Labuan Terrority to the company last year. T he vendors are Shin Yang Holdings Sdn Bhd,KTE Motors Sdn Bhd,Ling Chiong Sing and Dwi Bumijaya
KUCHING: Malaysia has continued to report declining volumes in both timber harvesting and primary processing industries’ production in July 2025. This is because the market demand for the country’s timber sector remained weak, according to Global Timber Index (GTI) – Producers Report. “In July 2025, the GTI-Malaysia index registered 29.6
KUCHING: Indonesia is promoting the integration of the forestry sector into the country’s carbon trading scheme as part of the efforts to rehabilitate degraded land and reduce deforestation. The country has some 6.5 million hectares of degraded land in need of rehabilitation, according to Indonesian Forestry Minister Raja Juli Antoni.