KUCHING: Indonesia’s primary forest loss has dropped by 11 per cent to an estimated 260,000 hectares in 2024, down from 290,000 hectares in 2023. This trend differs from the global situation which has seen a record increase in primary rainforest loss of approximately 6.7 million hectares last year, according to
KUCHING: The “wait and see” attitude of commodity traders to deal with continuing global economic uncertainties is creating challenges for the logistic industry, like shipping sector, says Hubline Bhd. Hubline, which is involved in bulk cargo transportation, said in the January-March 2025 quarter (2Q2025), the group shipping segment revenue had
KUCHING: WTK Holdings Bhd plunged into the red in 1Q2025, reporting a net loss of RM21.4 million from a RM5.32 million profit a year ago, after a fire at its Penang tape factory disrupted operations. Group revenue dipped slightly to RM156.6 million from RM159 million. Loss per share stood at
KUCHING: B.I.G. Industries Bhd (BIG) reported sharply lower group net profit of RM386,000 in third quarter to March 31, 2025 (3Q2025) from RM3.88 million in 1Q2024 as group revenue fell to RM6.79 million from RM8.39 million or down by 19.13 per cent. In 1Q2024, the group recorded a one-off gain
KUCHING: Sarawak Plantation Bhd (SPB) has posted stronger quarterly earnings with group net profit surged to RM22.63 million during January-March 2025 period (1Q2025) from RM19.1 million a year ago as revenue expanded to RM135.5 million from RM127.3 million. The earnings growth was driven by higher realised selling prices of crude
KUCHING: Ocean Vantage Holdings Bhd (OVH) has proposed issuing up to 209.9 million free detachable warrants on a one-for-two basis, alongside a new share issuance scheme (SIS) covering up to 30 per cent of total issued shares (excluding treasury shares) for eligible directors and employees. The warrants will have a three-year tenure, with an indicative
KUCHING: WTK Holdings Bhd recorded a sharp 18.5 per cent increase in fresh fruit bunches (FFB) production in April 2025, reaching 22,295 tonnes compared to 18,811 tonnes a year earlier, driven by its recent acquisition of Durafarm Sdn Bhd and improved yields from existing estates. However, crude palm oil (CPO)
KUCHING: Hock Seng Lee (HSL) has unveiled two furnishing packages for its 11-storey Jigsaw condominium, offering buyers the convenience of moving in with nothing more than a suitcase. Located opposite Kuching International Airport, Jigsaw features only 117 all-corner units, with 60 per cent of them being three-bedroom layouts exceeding 1,000
KUCHING: AIZO Group Bhd has fixed the issue price of the sixth tranche of its private placement at RM0.0813 per share. The issue price represents a discount of approximately RM0.0090 or 9.97 per cent from the 5-day volume weighted average market price (VWAMP) of AIZO shares from May 5 to
KUCHING: Property developer NAIM Holdings Bhd chalked up new property sales of RM58.5 million last year. This was achieved amidst a challenging market environment marked by affordability concerns and tighter financial conditions, said the company’s Chairman, Datuk Amar Hamed Sepawi, and Group Managing Director, Datuk Hasmi Hasnan, in a joint
