KUCHING: OceanMight Sdn Bhd has secured a RM111.6 million contract for a steel fabrication project. The oil & gas subsidiary of KKB Engineering Bhd received a purchase order contract from Samsung Engineering (M) Sdn Bhd for the module fabrication and supply of steel structures for Malaysia Shell R&M onshore gas
KUCHING: Samalaju Industrial Port Sdn Bhd’s (SIPSB) container throughput has soared to 7,960 twenty-foot equivalent units (TEUs) last year as compared to 724 TEUs in 2021 when the service was launched late that year. This represents an increase of more than 10 times, said Bintulu Port Holdings Bhd (BPHB) group
KUCHING: Subur Tiasa Holdings Bhd’s independent auditor Crowe Malaysia PLT has issued an unmodified audit opinion with a material uncertainty related to going concern in respect of the company’s audited financial statements for the financial year ended Dec 31, 2022 (FY2022). The auditor drew attention to Note 4 in the
KUCHING: China has planted over 613 million hectares of national reserve forests in the past 10 years in order to establish a national timber security system. Started the national reserve forest project in 2012, the project covered 29 provinces (autonomous regions and municipalities), six forest industry (forestry) groups and Xinjinang
KUCHING: Borneo Oil Bhd (Borneo) has proposed another private placement that is expected to raise up to RM31.24 million to meet the group’s working capital requirements. The proposed fund raising exercise entails the issuance of up to about 1.94 billion new ordinary shares or 20 per cent of the company’s
KUCHING: Tropical wood products have recorded the largest increase in market share in European Union (EU) for at least the last 15 years in 2022, following a strong rebound of 21 per cent of the value of EU27 imports of wood products and wooden furniture. The recovery in the value
KUCHING: Quality Concrete Holdings Bhd has plunged into the red with group net loss of RM2.44 million on revenue of RM209 million for financial year ended Jan 31, 2023 due mainly to impairment loss. In the previous financial year, the company posted group net profit of RM4.45 million despite a
KUCHING: Rimbunan Sawit Bhd (RSawit) has posted a 24.8 per cent jump in group revenue to about RM676 million in financial year ended Dec 31, 2022 (FY2022) from RM541.5 million in FY2021 as a result of higher production volume of crude palm oil (CPO), palm kernel (PK) and fresh fruit
KUCHING: Sarawak Consolidated Industries Bhd (SCIB) has a current order book of about RM388 million. This, according to the company, will provide it with earnings visibility until 2026. SCIB group managing director Rosland Othman said the company is cautiously optimistic on prospects ahead as it will continue to leverage on
KUCHING: Sarawak Plantation Bhd, which recorded a group net profit of RM96.7 million on revenue of RM710.9 million for financial year ended Dec 31, 2022 (FY2022), is upbeat about the outlook of the palm oil industry in 2023. The company based the positive outlook to the likelihood of crude palm
