KUCHING: Media Chinese International Bhd will cease its media operations in Canada effective Feb 1, 2026. The closure is expected to result in one-off expenses of no less than approximately US$4 million, mainly from staff layoff compensation. These costs will be recognised in the group’s consolidated statement of profit or
KUCHING: WTK Holdings Bhd is seeking its shareholders’ approval on the proposed acquisition of two oil palm plantation estates and an oil palm mill for a total RM555 million at an extraordinary general meeting in Sibu on January 29, 2026. The proposed acquisitions involve 100 per cent equity interest in
KUCHING: Sarawak-based Impact Capital Holdings Bhd is eyeing a listing on Bursa Malaysia’s ACE Market. Via its wholly-owned subsidiaries, Impact Capital is involved in the integration of ICT equipment and systems for critical infrastructure, supply of ICT hardware and software, and provision of ICT and other services. According to its
KUCHING: Sarawak’s monthly crude palm oil (CPO) production volume in December 2025 dropped to 432,051 tonnes from 456,418 tonnes in November, or down by 24,367 tonnes or 5.34 per cent. The decline was in line with the country’s total CPO output which fell to 1,829,761 tonnes from 1,935,510 tonnes or
KUCHING: Reneuco Bhd, formerly known as KPower Bhd, has come under regulatory action after Bursa Malaysia Securities Bhd publicly reprimanded five of its directors for breaches of the Main Market Listing Requirements, with one director also fined RM2,500. The directors involved are executive chairman Datuk Mustakim Mat Nun, executive director
KUCHING: Malaysia’s exports of fibreboard to China have leapt by 683 per cent to 1,400 tonnes in the January-September 2025 period (9m2025) from a year ago. Year-on-year, China increased the imports of fibreboard by 16 per cent to 45,000 tonnes, according to China Customs’ data quoted by International Tropical Timber
KUCHING: Chinese timber companies are struggling in their businesses due to insufficient orders for their products amid a weak global market. They have complained about poor demand in the timber market and intense competition in terms of product prices. Adding to their woes are rising raw material costs, according to
KUCHING: Indonesia has enforced a new legislation mandating that every forest product entering the country must originate from legal sources. The Forestry Ministry released the new law on the “Assurance of Legality for Imported Forestry Products” on November 6, which took effect on December 26. The new regulation requires all
KUCHING: Bintulu Port Sdn Bhd (BPSB) has entered into a third interim agreement with the federal government to continue operating the port for another 12 months from January 1, 2025. The federal government was represented by the Transport Ministry and Bintulu Port Authority (BPA). “The third interim agreement formalises the
KUCHING: Cahya Mata Sarawak Bhd (CMS) group has terminated a joint venture agreement to build an international hotel and service apartments in Kuching Isthmus. CMS Land Sdn Bhd, which is 51 per cent-owned by Cahya Mata Development Sdn Bhd, which in turn is a wholly-owned subsidary of CMS, had on