KUCHING: The United States of America’s imports of sawn tropical hardwood has continued to drop, impacting key suppliers like Malaysia. In September 2024, US imports of sawn tropical hardwood fell by 19 per cent after a 14 per cent drop in August. “The 12,198 cubic metres (cu m) of tropical
KUCHING: Higher utilisation of vessels and improved charter rates have given a big boost to the earnings of Sealink International Bhd group, with its net profit surged to RM11.25 million in third quarter ended September 30, 2024 (3Q2024) from RM2.28 million a year ago. The earnings growth was in line
KUCHING: Perdana Petroleum Bhd (PPB) has delivered strong group net profit of RM75.8 million in third quarter ended September 30, 2024 (3Q2024), an increase of about RM53 million (+232%) over RM22.76 million recorded in 3Q2023, thanks to higher vessel utilisation and improved daily charter rates for these vessels. Group revenue
KUCHING: It’s confirmed — the implementation of the European Deforestation Regulation (EUDR) has been delayed by 12 months to December 2025. This follows the decisive vote in the European Parliament for the postponement as well as other amendments last week (371 votes to 240 and 30 abstentions). The European Commission
KUCHING: Malaysia’s harvesting volume in the timber industry has decreased significantly for three consecutive months in October 2024. This is due to weak domestic and international demand as well as unfavourable weather, according to Global Timber Index (GTI) Producers Report for October. “In addition, the Malaysian government has imposed restrictions
KUCHING:PMB Technology Bhd (PMBT)’s rights issue has been over-subscribed 12.45 per cent or 30,349,050 shares. On closing date of acceptance on November 8, 2024, the company received total valid acceptance of 238,367,286 rights shares (97.81%) and total valid excess applications of 35,686,590 shares (14.64%), bringing to total 274,053,876 rights shares
LIMA: Prime Minister Datuk Seri Anwar Ibrahim’s maiden official visit to Peru has generated potential exports worth RM1.24 billion (US$0.3 billion), particularly in high potential sectors on the initiative of the Malaysia External Trade Development Corporation (MATRADE). Anwar said the Peruvian companies expressed interest in importing Malaysia’s steel and glass
KUCHING: CCK Consolidated Holdings Bhd plans to invest RM20 million to expand its factory in Bintawa here by constructing a new coldroom, and another RM10 million to set up a new broiler farm in Sarawak. Additionally, RM6.338 million will be invested in the digitalisation of the group and upgrading of
KUCHING: Malaysia is the only leading plywood supplier that saw an increase in its exports to Japan in August 2024. For the month under review, Malaysia’s plywood shipments jumped by more than 10 per cent to 56,800 cubic metres (cu m) to Japan as compared to 49,800 cu m in
KUCHING: Vietnam has reported robust exports of wood and wood product (W&WP), which climbed by 25 per cent to US$11.7 billion in the January-September 2024 period (9m2024) from a year ago. The W&WP ranked 7th among Vietnam’s export commodity groups. In 9m2024, the WP exports were valued at US$8 billion,