KUCHING: The US administration’s announcement of a 25 per cent tariffs on aluminium imports has sparked an initial reaction, leading to higher aluminium prices and an increase in the US Midwest premium, says Press Metal Aluminium Holdings Bhd group’s chief executive officer (CEO) Tan Sri Paul Koon Poh Keong. He
KUCHING: Ocean Vantage Holdings Bhd (OVH) is positioning itself to tap into engineering, procurement and construction (EPC) opportunities arising from Sarawak’s growing downstream activities and infrastructure expansion. Chairman Nor Azzam Abdul Jalil said rising pipeline installations and demand for support services in Sarawak and Sabah align with OVH’s strategic focus.
KUCHING: Subur Tiasa Holdings Bhd has developed 23,500 hectares of oil palm estates — over 52 per cent of its 44,500-hectare plantation landbank — across Sibu, Mukah, Samarahan, and Kapit. Approximately 83 per cent of palms are in their prime mature stage, with a weighted average age of 11.5 years, said
KUCHING: Zecon Bhd’s Kota Petra Green Technology Park (KPGTP) is expected to attract RM12 billion in investment, and generate 10,000 jobs during its construction phase, said Group Managing Director, Datuk Zainal Abidin Ahmad. Spanning 3,000 acres near Demak Laut Industrial Estate and Senari Port, the park will focus on high-growth
KUCHING: AIZO Group Bhd’s 63 per cent-owned unit, Wawasan Demi Sdn Bhd (WDSB), has inked a 21-year power purchase agreement (PPA) with Tenaga Nasional Bhd (TNB) for a 99.99 MWac large-scale solar photovoltaic project in Kampar, Perak. The project, awarded under the national LSS programme, is slated to begin commercial
KUCHING: Sarawak Oil Palms Bhd (SOP) posted a 43 per cent jump in net profit to RM113.8 million for the first quarter ended March 31, 2025 (1Q2025), from RM79.5 million a year ago, lifted by higher fresh fruit bunch (FFB) yields and better selling prices. Group revenue rose 9 per
KUCHING: Rimbunan Sawit Bhd’s audited FY2024 financial statements have been flagged with a material uncertainty by its independent auditor, Crowe Malaysia PLT, raising doubts about the group’s ability to continue as a going concern. Despite issuing an unmodified opinion, the auditor noted that the group’s current liabilities exceeded current assets by
KUCHING: KKB Engineering Bhd has won an adjudication case against Fook Lai Construction & Development Sdn Bhd over RM10.06 million in unpaid claims for structural steel work at a glove factory in Bintulu. The dispute stems from subcontract work awarded on August 30, 2022, for the supply, fabrication, painting, and
KUCHING: OM Holdings Ltd’s (OMH) wholly-owned subsidiaries, OM Materials (Sarawak) Sdn Bhd (OM Sarawak) and OM Materials (S) Pte Ltd (OMS), have successfully refinanced their loans via a US$168 million syndicated debt facility. The new facility is accompanied by separately and bilaterally arranged working capital and bank guarantee facilities of
KUCHING: Malaysia’s exports of tropical wood furniture, hardwood plywood, and mouldings/decking to the United Kingdom (UK) expanded significantly last year. In 2024, the UK reported a 9 per cent rebound in wood furniture imports, reaching USD457 million, after experiencing a sharp 43 per cent decline in 2023. Year-on-year, wood furniture
