KUCHING: KKB Engineering Bhd group has secured two contracts in Sarawak and Sabah worth a combined value of RM351.7 million. Its oil & gas subsidiary Ocean Might Sdn Bhd has received a letter of award with limited notice to proceed (LNTP) from Sarawak Shell Bhd for the provision of engineering,
KUCHING: Sarawak was the No 2 top producing state of crude palm oil (CPO) in Malaysia in 2022, recording total output of 4,005,425 tonnes against 3,907,820 tonnes in 2021. Year-on-year, Sarawak’s CPO production volume rose by 97,605 tonnes or about 2.5 per cent. In the final month of December, Sarawak
KUCHING: Hubline Bhd has posted sharply higher group revenue of RM229.2 million in financial year ended Sept 30, 2022 (FY2022) from about RM153 million in FY2021,with improved performance from both its shipping and aviation businesses. However, despite the revenue growth, group net profit fell to RM12.9 million from RM16.7 million
KUCHING: The Eurocopter AS355 helicopter that was involved in an accident on a Flying Doctor service flight in Cameron Highlands is owned and operated by Layang Layang Aerospace Sdn Bhd. Layang Layang Aerospace is a subsidiary of Hubline Bhd. Four of the six people, including the pilot, were injured when
KUCHING: Zecon Bhd has requested its financiers to extend the standstill agreement between them for another six months. The one-year standstill agreement signed between Affin Hwang Investment Bank Bhd, Bank Pembangunan Malaysia Bhd and Affin Bank Bhd (financiers) with Zecon and Huang Hong Sdn Bhd on Sept 24, 2021 expired
KUCHING: The European Union 27 member countries’ (EU27) imports of wooden doors from Malaysia has dropped sharply to a negligible level as the bloc is trending towards the use of engineered wood in place of solid timber. Last year, EU27 imported merely euro 1.8 million worth of wooden doors from
KUCHING: The clients of Sarawak Consolidated Industries Bhd (SCIB) and its wholly-owned subsidiary SCIB International (Labuan) Ltd (SCIBL) have agreed to take on the debts the latter owe to their sub-contractors in six projects in Qatar and Oman. The agreement was reached after SCIB and SCIBL signed the respective novation
KUCHING: Perdana Nautika Sdn Bhd (PNSB) has received a work order award with contract value of about RM6 million from Petronas Carigali Sdn Bhd for the charter of one unit of anchor handling tug & supply (ATHS) vessel. The contract for the wholly-owned subsidiary of Perdana Petroleum Bhd (PPB) had
KUCHING: OM Holdings Ltd’s group after-tax profit has shot up to US$60 million (RM268.9 million) in first half-year ended June 30, 2022 (1H2022) from US$18.1 million (RM81.1 million) in 1H2021, boosted by the higher prices of ferro silicon (FeSi), silico manganese alloys and manganese ores. Revenue from operating activities climbed
KUCHING: Japan has increased its plywood imports from China for the third consecutive month but slowed down shipments from the top supplying countries Malaysia and Indonesia. In June 2022, Japan shipped 37,500 cubic metres (cu m) of plywood from China compared to 32,200 cu m and 25,000 cu m in