Sunday, 7 December 2025

Author: Alvin Tang

RLEB eyes Middle East Market expansion

KUCHING: Reservoir Link Energy Bhd (RLEB) is set for regional expansion, particularly in key Middle East markets.Datuk Tai Hee, RLEB’s chairman, said following RLEB’s recent acquisition of Propel Maxflo Sdn Bhd, the group is well positioned to pursue targeted regional expansion, especially in the oil-rich Middle East. Propel Maxflo provides

Earnings surge on stronger vessel deliveries

KUCHING: Shipbuilder TAS Offshore Bhd posted a strong performance in the first quarter ended Aug 31, 2026 (1Q2026), with net profit rising 58 per cent year-on-year to RM9.44 million on the back of higher vessel deliveries. Revenue climbed to RM57.2 million, up from RM44.3 million in 1Q2025, while earnings per

Palm output, timber production show strength

KUCHING: Ta Ann Holdings Bhd recorded strong quarter-on-quarter growth across its oil palm and timber operations in the July–September 2025 period (3Q2025), with fresh fruit bunch (FFB), crude palm oil (CPO), and log production volumes all showing double-digit increases. According to the group’s quarterly production data filed with Bursa Malaysia,

Expanding footprint in clean energy, infrastructure

KUCHING: AIZO Group Bhd’s ability to secure more than RM38 million worth of strategic infrastructure contracts in the 12 months to June 30, 2025, reflects its agility and growing relevance in Malaysia’s clean energy and infrastructure agenda, said its executive chairman, Dato Abang Abdillah Izzarim Abang Abdul Rahman Zohari. He

Wood-based panel demand contracts

KUCHING: After three consecutive months of growth, overall demand for wood-based panels in tropical countries monitored by the International Tropical Timber Organisation (ITTO) has started to decline again. According to the Global Timber Index – Wood-Based Panel (GTI-WBP) Report for September 2025, the rebound in demand seen over the previous

Disposal move aligns with asset rationalisation plan

KUCHING: Reservoir Link Sdn Bhd (RLSB) is disposing of its investment property, an office suite in Mont’ Kiara, Kuala Lumpur, for RM4.5 million cash. The wholly-owned subsidiary of Reservoir Link Energy Bhd (RLEB) said it has entered into a sale and purchase agreement with two Malaysians for the disposal of the

Sarawak palm oil producers report lower output

KUCHING: Sarawak-listed oil palm companies have largely reported a sharp decline in the production volumes of fresh fruit bunches (FFB), crude palm oil (CPO) and palm kernel (PK) for the July to September 2025 period (3Q2025) compared with the same quarter a year ago. In the quarter under review, Jaya

Zecon inks 30-year PPA with SESCO

KUCHING: Zecon Bhd’s subsidiary, Zecon Renewables (Sarawak) Sdn Bhd, has signed a power purchase agreement (PPA) with Syarikat SESCO Bhd to develop a 100-megawatt alternating current (MWac) solar photovoltaic (PV) plant at Kota Petra Green Technology Park (KPGTP) here. Under the agreement, Zecon Renewables will design, construct, own, operate, and

Log production slumps as units sold

KUCHING: WTK Holdings Bhd’s log production plunged sharply after the group divested its loss-making timber subsidiaries involved in logging operations. In the third quarter ended September 2025 (3Q2025), WTK’s log output tumbled 61 per cent to 18,551 cubic metres (cu m) from 47,486 cu m in the previous quarter (2Q2025),

Independent director offloads entire stake

KUCHING: AZIO Group Bhd’s independent director Lo Ling has disposed of his entire stake in the company, amounting to about 28 million shares or 1.43 per cent equity interest. According to the company’s filing with Bursa Malaysia, Lo sold the shares at RM0.0798 each for a total of RM2.24 million