KUCHING: Rimbunan Sawit Bhd has successfully completed the sale of five million shares, or 6.25 per cent, in Borneo Edible Oils Sdn Bhd to Tiong Toh Siong Holdings Sdn Bhd (TTSH) for RM2.41 million. Upon the full payment of the disposal sum, Rimbunan Sawit has transferred the sale shares to
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
KUCHING: Ocean Vantage Engineering Sdn Bhd (OVE) has proposed to dispose of a 70 per cent equity interest in Stellar Star Engineering & Construction Sdn Bhd (SSEC) for RM70. OVE has entered into a share sale agreement (SSA) for the disposal of 210,000 ordinary shares (70 per cent) in SSEC
KUCHING: The Indonesian Furniture and Handicraft Industry Association (HIMKI) has drawn up strategic steps to deal with the impact of the 10 per cent-20 per cent additional import tariff policy planned by the incoming US President Donald Trump’s administration. Trump will take office on January 20, 2025. The new policy,
KUCHING: China’s Jujiang Power Technology Co Ltd (JJ) has completed the proposed subscription of a 40 per cent equity interest in Fuya Energy Sdn Bhd (FESB). This follows the issuance and allotment of 48 million new FESB shares to JJ on Friday (Dec 27). “The proposed share subscription has been
KUCHING: Japan has increased the value of imports of wooden furniture parts by six per cent to RM58.56 million in October 2024 compared to the same period last year, with Malaysia being the fourth-largest supplier. The rise in import value in October was largely driven by higher shipments from China
KUCHING: Borneo Oil Bhd has terminated its existing employees’ share option scheme (ESOS), which was set to expire next year. The existing ESOS was implemented on June 22, 2020, for a five-year period, ending on June 21, 2025. Under the existing ESOS, Borneo said that 1,795,500,000 options were granted and
KUCHING: Plywood manufacturers in Malaysia and Indonesia are expected to strongly raise the export prices of their products as a result of the strengthening of the local currencies against the US dollar, according to the Japan Lumber Reports (JLR). The exchange rate of Japanese yen was 140 yen against the
KUCHING: KKB Engineering Bhd has taken legal action against Fook Lai Construction & Development Sdn Bhd to recover an outstanding sum exceeding RM10 million. The company has initiated adjudication proceedings under the Construction Industry Payment and Adjudication Act 2012 (CIPAA) against Fook Lai. The dispute stems from a subcontract awarded