KUCHING: Reneuco Bhd (formerly known as KPower Bhd) and Citaglobal Bhd will set up a special purpose vehicle to undertake the development of an independent and renewable power production facilities for the East Coast Rail Link (ECRL) project’s network (ECRL IPP project). Reneuco has entered into a consortium agreement with
KUCHING: Perdana Petroleum Bhd (PPB) expects the smaller supply of offshore support vessels (OSVs) in the market to bolster demand for the group’s fleet of OSVs in 2023. Another positive factor, according to PPB chairman Datuk Dr Abd Hapiz Abdullah, is the larger volume of oil & gas (O&G) upstream
KUCHING: OM Materials (Sarawak) Sdn Bhd has temporarily suspended partial of the production at the first silicon metal furnace at its ferro alloy smelting plant in Samalaju Industrial Park, Bintulu. The reason of the temporarily suspension is due to the furnace not operating as anticipated within the framework of the
KUCHING: Japan’s imports of plywood and assembled wooden flooring from key suppliers, including Malaysia, have contracted sharply this year as compared to 2022. In January 2023, Japan’s total plywood shipments from Malaysia, Indonesia, China and Vietnam fell to 122,600 cubic metres (cu m) from 185,200 cu m in January 2022
KUCHING: Bintulu Port Sdn Bhd (BPSB) has been granted another one year from July 1, 2023 to continue operating Bintulu Port. The wholly-owned subsidiary of Bintulu Port Holdings Bhd (BPHB) has received a notification from Bintulu Port Authority (BPA) on the Cabinet’s approval for BPSB to continue operating Bintulu Port under the
KUCHING: Sealink International Bhd’s independent auditors, Messrs Grant Thornton Malaysia PLT, has issued an audit opinion with the existence of an uncertainty related to going concern of the company in view of the current economic conditions. The auditor draws attention to Note 2 of Sealink financial statements for financial year
KUCHING: The Sarawak government, via its investment arm State Financial Secretary Sarawak, has acquired a 4.95 per cent stake in Affin Bank Bhd for about RM221.74 million. Affin Bank said Lembaga Tabung Angkatan Tentera (LTAT) has confirmed that it had on April 13, 2023 divested 112,558,000 ordinary shares in the
KUCHING: Reservoir Link Energy Bhd (RLEB) has signed an agreement to undertake the construction, commissioning and operation of a new wastewater treatment plant in Indonesia. RLEB said PT Envirotech Akva Indonesia, a 85 per cent-owned subsidiary of Reservoir Link (Labuan) Ltd and PT Unilever Oleochemical Indonesia (PTUOI) had entered into
KUCHING: OM Materials (Sarawak) Sdn Bhd has temporarily suspended production at the first silicon metal furnace at its ferro alloy smelting plant in Samalaju Industrial Park, Bintulu. The reason of the suspension is due to the furnace not operating as anticipated within the framework of the engineering, procurement and construction
KUCHING: Reneuco Bhd (formerly known as KPower Bhd) proposed to undertake an issuance of redeemable convertible bonds (RCB), which will be divided into four main tranches, with an aggregate nominal value of up to RM350 million. According to Reneuco in a filing with Bursa Malaysia, the RCB will mature on
