KUCHING: Sarawak Plantation Bhd (SPB) has reported a marginal increase in its group net profit to RM30 million in second quarter ended June 30, 2022 (Q22022) from about RM29.4 million in Q22021 on higher group revenue. Group revenue surged to RM207.1 million from RM192.6 million or up by RM14.5 million
KUCHING: The United States of America has considerably reduced the imports of tropical hardwood plywood from Malaysia and Indonesia as it shifted to buy more from Vietnam and China in June 2022. US imports from Malaysia and Indonesia both plunged more than 40 per cent as the world’s largest economy’s
KUCHING: PMB Technology Bhd group is set to dispose of a piece of land with approved development project in Kuala Lumpur for RM37 million. Its wholly-owned subsidiary PMB Land (Sg Besi) Sdn Bhd has entered into a sale and purchase agreement (SPA) with Faithview Resources Sdn Bhd for the disposal
KUCHING: Dayang Enterprise Holdings Bhd’s wholly-owned subsidiary DESB Marine Services Sdn Bhd has been awarded a contract for the provision of one unit of landing craft tank (LCT) — Dayang Cempaka — by Sarawak Shell Bhd/Sabah Shell Petroleum Company Limited. The duration of the contract is tentatively from Sept 26,
KUCHING: Perdana Petroleum Bhd (PPB) has reported higher group revenue of RM43.2 million in second quarter ended June 30, 2022 (Q22022) from RM38.6 million in Q22021, thanks to higher vessel utilisation. This revenue growth helped to significantly cut group net loss to RM6.54 million from RM39.2 million. Losses per share
KUCHING: YKGI Holdings Bhd has posted a slight increase in group net profit to RM1.42 million in second quarter 2022 (Q22022) from about RM1.4 million in Q22021 as revenue jumped to RM75.7 million from RM60.6 million previously. The company attributed the revenue growth to higher steel price despite a lower
KUCHING: Ocean Vantage Engineering Sdn Bhd (OVE) will subscribe for 700,000 ordinary shares in Esprat Sdn Bhd for RM1 million in cash to diversify its business. The wholly-owned subsidiary of Ocean Vantage Holdings Bhd (OVH) has entered into a subscription agreement for the 700,000 shares representing 70 per cent of
KUCHING: Sarawak continued as the country’s top producer of crude palm oil (CPO) in July 2022, with output of 345,165 tonnes. Sarawak’s July CPO output was the highest monthly this year and exceeded June production of 329,638 tonnes by 15,527 tonnes or 4.7 per cent, according to the latest monthly
KUCHING: The EU27+UK (European Union 27 member countries + United Kingdom) has lowered imports of tropical wooden furniture from Malaysia by double digits in the first four months of 2022 (4M2022). During the period under review, their combined furniture imports from Malaysia slipped by 15 per cent to 37,000 tonnes.
KUCHING: Pansar Bhd’s outstanding order book of more than RM1.2 billion can sustain the company even in the event of an economic downturn for the next few years, said its chairman Dato Sri James Tai Cheong. He said some of the notable infrastructure projects that Pansar is currently implementing include
