KUCHING: Rimbunan Sawit Bhd (RSB) is cautiously optimistic on the outlook of the group in 2024 in anticipation of global growing demand for palm oil and increasing exports by Malaysia. Company’s managing director Tiong Chiong Ie said the Malaysian oil palm industry is anticipating a stronger performance in 2024 due
KUCHING: Ocean Vantage Holdings Bhd’s (OVH) revenue stream has been broadened with the re-activation of drilling rig charter services segment last year. This segment generated revenue of RM1.3 million for the group in financial year 2023 (FY2023). “The revenue from this segment reflects our strategic efforts to capitalise on emerging
KUCHING: Naim Holdings Bhd has reported notable improvement in the performance of its construction business through disciplined cost management, said its chairman Datuk Amar Abdul Hamed Sepawi. He said disciplined cost management had resulted in cost savings from certain completed construction projects, and this had positively contributed to the group’s
KUCHING: Asteel Group Bhd is planning to export its metal roofing and set up roll-forming facilities in neighbouring countries to take advantage of their rapid development, said its group managing director Datuk Sri Victor Hii Lu Thian. He said the expansion would start with Sarawak’s closest neighbour, Kalimantan in Indonesia.
KUCHING: Indonesia’s log production from natural forest and plantation forest concessions has significantly increased in March. Logs harvested from natural forest concessions jumped by 19.92 per cent in March, from the previous month while logs produced from plantation forests climbed by 7.09 per cent month-on-month. This condition, according to Global
KUCHING: Shipbuilder TAS Offshore Bhd group net profit has surged to about RM6.1 million in third quarter to Feb 29, 2024 (3Q2024) from RM654,000 a year ago as more new-built vessels were delivered to clients. The higher earnings were achieved in line with expanded group revenue which climbed to RM34.55
KUCHING: Sarawak Cable Bhd group net loss has worsened to RM21 million in third quarter ended Feb 29, 2024 (3Q2024) from RM14.2 million a year ago as sales of power cables and wires plummeted. Group revenue shrank to RM74.4 million from RM130.6 million recorded in 3Q2023. Company’s losses per share
KUCHING: Asteel Resources Sdn Bhd and Top-Mech Provincial Sdn Bhd have set up a joint venture company for the sales of cranes and machinery manufactured by Top-Mech. Asteel Resources is a 80.36 per cent-owned subsidiary of Asteel Group Bhd (formerly known as YKGI Holdings Bhd). The parties entered into a
KUCHING: Pansar Bhd’s construction arm has won a water treatment plant project in Sibu for about RM269.1 million. Wholly-owned subsidiary Perbena Emas Sdn Bhd has received a letter of award from Sibu Water Board for the upgrading of the water treatment plant in Salim. The contract was secured via open
KUCHING: Bintulu Port Holdings Bhd (BPHB) plans to be involved in several other renewable energy projects besides hydrogen. This include exploring opportunities in green ammonia, solar, biomass, algae and carbon capture and storage, according to company chairman Datuk Amar Mohamad Abu Bakar Marzuki. He said the move is in line