KUCHING: Malaysia’s export of hardwood plywood to the United States of America (US) has climbed by 21 per cent to 3,688 cubic metres (cu m) in April 2023 from 3,048 cu m in the previous month of March. Major suppliers all benefitted from the rise in US imports of hardwood
KUCHING: Sarawak Consolidated Industries Bhd (SCIB) has fixed the second tranche of its private placement at RM0.3031 per placement share. he issue price represents a discount of approximately 9.98 per cent to the 5-day volume weighted average market price of SCIB shares for the last five market days up to
KUCHING: Malaysia’s shipment of wooden furniture parts (HS 940391) to Japan has risen steeply to worth 245,676,000 yen (RM8.12 million) in March 2023 from 1,640,000 yen (RM54,185) in the previous month. Malaysia is the third largest supplier to Japan after China and Indonesia. Month-to-month, Japan unexpectedly increased the imports of
KUCHING: The European Union (EU) has cut imports of tropical wood and furniture products by double digits in first quarter of 2023 (Q12023) from a year ago, adversely affecting key suppliers like Malaysia. In Q12023, the bloc imported 427,000 tonnes of tropical wood and wooden furniture worth US$896 million, which
KUCHING: Media Chinese International Ltd (MCIL) expects newsprint price, which is currently at a high level, to gradually come down in the short to medium term. The will make a positive contribution to the group’s publishing and printing business, which is continuing to face challenges as high inflationary pressure will
KUCHING: China’s economy has been recovering at a rate much slower than anticipated after the country abandoned its zero COVID-19 policy in December 2022 as seen by the performance of its timber sector. According to China Customs, the country’s log imports in first quarter of 2023 (Q12023) slumped seven per
KUCHING: Subur Tiasa Holdings Bhd group has sunk into the red with net loss of RM7.24 million in first quarter ended March 31, 2023 (Q12023) from net profit of RM11.1 million in Q12022 as all its business segments were reporting losses. The dismal performance was due to significant lower group
KUCHING: Bintulu Port Holdings Bhd (BPHB) has reported sharply lower group net profit of RM22.5 million in first quarter ended March 1, 2023 (Q12023) as compared to RM41.1 million in Q12022 or down by RM18.6 million or 45 per cent. The decreased earnings was in line with shrinking group revenue
KUCHING: Ocean Vantage Holdings Bhd (OVH) has reported a 77 per cent increase in group revenue to RM47.5 million in first quarter ended March 31, 2023 (Q12023) against RM26.8 million in Q12022, thanks to the Bintulu project. The company said the higher revenue was contributed by the engineering, procurement and
KUCHING: Shin Yang Shipping Corporation Bhd (Syscorp) group net profit has surged to RM44.82 million in third quarter ended March 31, 2023 (Q32023) from RM29.95 million in Q32022, driven by increase in container cargo volume transported and higher shipping margin. The higher earnings were generated on the back of expanded