KUCHING: Asteel Group Bhd has returned to profitability in the second quarter ended June 30, 2025 (2Q2025), posting a net profit of RM275,000 compared with a net loss of RM1.63 million in 2Q2024. Group revenue rose 25 per cent to RM67.3 million from RM53.96 million a year earlier, while earnings
KUCHING: Vietnam’s wood product exporters are in fierce competition with major global players, including China, Malaysia and Indonesia. These countries boast advanced processing technologies, lower costs and well established supply chains, reported International Tropical Timber Organisation (ITTO) Tropical Timber Market Report (July 16-31, 2025). The report said requirements for transparent,
KUCHING: Rimbunan Sawit Bhd (RSB) has appointed Datuk Tiong Thai King as its new executive chairman, as part of a board restructuring exercise aimed at strengthening corporate leadership. Tiong, 80, is no stranger to the group, having first joined RSB in 1975 and previously served as group managing director. He
KUCHING: B.I.G. Industries Bhd (BIG) will invest RM22.9 million in an air separation unit (ASU) to boost industrial gas production capacity. Wholly-owned subsidiary BIG Industrial Gas Sdn Bhd (BIGG) has entered into a non-related party transaction with Pure Gas Engineering Sdn Bhd (PGE) for the purchase of the ASU for
KUCHING: WTK Holdings Bhd has reported sharply lower log production to 47,486 cubic metres (cu m) in the April-June 2025 quarter (2Q2025), down 42,330 cu m (-47%) from 89,816 cu m in 2Q2024. As compared to 47,735 cu m recorded in 1Q2025, the decline was merely nine per cent in
KUCHING: The Sarawak Economic Development Corporation (SEDC) has trimmed its stake in Cahya Mata Sarawak Bhd (CMS), disposing of 3.5 million shares on the open market on July 28. CMS’ share price on that day swung between RM1.23 and RM1.40 before ending 12 sen lower, though SEDC did not disclose
KUCHING: The controlling shareholders of Kim Hin Industry Bhd plan to proceed with their privatisation bid for the ceramic tile manufacturer if they manage to raise their stake beyond 75 per cent of the company’s total issued shares but fall short of the 90 per cent threshold required for compulsory
KUCHING: Cahya Mata Sarawak Bhd (CMS) has awarded a RM673 million contract to Sinoma Industry Engineering (M) Sdn Bhd for the construction of a new clinker plant at Mambong, marking a major expansion for its cement division. The project will be undertaken by Cahya Mata Cement Sdn Bhd, a wholly-owned
PICKING up where we left off yesterday, Chai’s next question cut to the heart of the matter: Can Trumpianomics actually deliver? For a start, we have already seen many global companies and funds committing to invest in the US to create jobs and improve US productivity and competitiveness in exchange
KUCHING: Kim Hin Industry Bhd has advised shareholders to await the independent advice circular before making any decision on the proposed takeover offer by its controlling shareholders. In a circular issued on July 11, independent non-executive director Dato Sim Kheng Boon urged shareholders to carefully review both the offer document
