KUCHING: Malaysia remained the top supplier of tropical wood flooring to the 27 member countries of the European Union (EU27) last year. In 2024, Malaysia exported 8,500 tonnes of tropical wood flooring to the European bloc, accounting for nearly 46 per cent of the latter’s total imports of 18,400 tonnes,
KUCHING: Cahya Mata Sarawak Bhd (CMS) Deputy Chairman, Datuk Seri Mahmud Abu Bekir Taib, has filed a lawsuit against the company over a request to inspect its accounts. The conglomerate said that Mahmud Abu had served an originating summons (OS), dated March 5, 2025, against CMS at the Kuching High
KUCHING: US Nasdaq-listed Founder Group Limited (FGL) has ceased to be a subsidiary and is now an associate of Reservoir Link Energy Bhd (RLEB). This follows the revocation by major shareholder Lee Seng Chai of his letter (dated December 20, 2023) assigning all voting rights to RLEB for the management
KUCHING: Press Metal Aluminium Holdings Bhd’s associated company, Nanshan Aluminium International Holdings Limited (NAIHL), has proposed a listing on the Hong Kong Stock Exchange (HKSE) Main Board. On March 4, NAIHL submitted a post-hearing information pack to HKSE in connection with the proposed listing, and the information pack has been
KUCHING: High project costs have eroded the profits of Pansar Bhd’s construction and infrastructure business, the group’s largest revenue earner. In the first nine-month period to Dec 31, 2024 (9mFY2025), the construction & infrastructure segment recorded a 3.5 per cent drop in operating profit to RM8.9 million (9mFY2024:RM9.2 million) despite
KUCHING: Media Chinese International Bhd’s (MCIL) publishing and printing business in Malaysia saw a 1.8 per cent rise to US$27.43 million in 3Q2024, driven by stronger Malaysian operations. However, its Hong Kong, Taiwan, and North American operations saw declines. The Malaysian segment saw a 9.4 per cent increase in revenue
KUCHING: Asteel Group Bhd is upbeat about its performance this year, spurred Economic by rising demand for roofing and building materials in infrastructure and housing projects. Asteel has signalled out Sarawak and the Johore-Singapore Special Zone in Johore as the states that would benefit from the higher demand for roofing
KUCHING: Insufficient raw material supply has been the common problem faced by all wood-based panel manufacturers in pilot countries covered by Global Timber Index-Woodbased Panel (GTI-WBP) Index. The problem was reported by timber enterprises in Malaysia, Thailand, Gabon, Mexico and other nations at the beginning month of 2025. “Chinese enterprises
MIRI: Demanlink Connexion Sdn Bhd (Demanlink), a Sarawak-based telecommunications infrastructure company, has successfully deployed its first site in the state — an In-Building Coverage (IBC) solution at One Shell Square Miri (OSSM), the new headquarters for Shell Malaysia Upstream. Located at Miri Times Square, the IBC solution is equipped with
KUCHING: WTK Holdings Bhd’s traditional core timber business has been struggling with prolonged poor performance, incurring significant annual losses that offset profits from its oil palm business. For the financial year ended December 31, 2024 (FY2024), WTK’s timber segment recorded a pre-tax loss of RM40.4 million, an improvement from the