KUCHING: Supreme Consolidated Resources Bhd has proposed to transfer its listing from the LEAP Market to ACE Market of Bursa Malaysia Securities Bhd (Bursa Securities). The company’s board of directors has agreed on the proposed transfer of listing after deliberating on the proposal received from several shareholders, including BNDM Incorporated
KUCHING: Supreme Consolidated Resources Bhd has proposed to transfer its listing from the LEAP Market to ACE Market of Bursa Malaysia Securities Bhd (Bursa Securities). The company’s board of directors has agreed on the proposed transfer of listing after deliberating on the proposal received from several shareholders, including BNDM Incorporated
KUCHING: Japan’s monthly plywood imports have continued the downtrend, which began in mid-2022. In July 2023, plywood arrivals in Japan were down 42 per cent from a year ago, with all the shippers seeing year-on-year decline in the shipment value. “The volume of shipments from Malaysia and Indonesia (top two
KUCHING: The European Union (EU) has reported a 29 per cent drop in the value of imported tropical wood and wooden furniture products to US$1.73 billion in the first six months of 2023 (6M2023) from 6M2022. In terms of imported volume on these products, it fell by 18 per cent
KUCHING: Press Metal Aluminium Holdings Bhd has issued Islamic Medium Term Notes or Sukuk Wakalah for an aggregate nominal value of RM500 million, with tenures of five and seven years. This was the company’s fourth issuance of Sukuk Wakalah under the Sukuk Programme. Maybank Investment Bank Bhd is the sole
KUCHING: The United States has raised its imports of hardwood plywood by 38 per cent in July 2023 from the previous month, registering an increase for the fifth consecutive month. July 2023’s plywood imports of 354,292 cubic metres (cu m) was 31 per cent higher than July 2022,making it the
KUCHING: Japan’s imports of plywood has continued to slide, falling 38.2 per cent to 142,632 cubic metres (cu m) in June 2023 from a year ago. The demand and supply of South Sea (tropical) plywood in the Japanese market is very tight, according to Japan Lumber Report (JLR) in its
KUCHING: Sarawak has taken over Sabah as the country’s top producer of crude palm oil (CPO) with its production volume surged to 395,858 tonnes in July 2023. Last month’s Sarawak production output jumped by 53,522 tonnes from 342,336 tonnes recorded in June 2023. It was the fourth consecutive month of
KUCHING: Serba Dinamik Holdings Bhd’s (SDHB) subsidiaries have defaulted on payment of three financing facilities totalling about RM435.4 million. Wholly-owned subsidiary Serba Dinamik Group Bhd (SDGB) has defaulted on its payment of the Islamic Club Financing Arrangement provided by MBSB Bank Bhd and Bank Kerjasama Rakyat Malaysia Bhd (collectively, the
KUCHING: The weak international market demand and slowdown in the domestic construction industry have continued to impact the production of Malaysian timber companies. Global Timber Index (GTI)-Malaysia enterprises reported facing the dual challenges of rising raw materials prices and reduced order quantity. In May, GTI-Malaysia index registered 28 per cent,