KUCHING: Sarawak has for the second consecutive month maintained its position as the No 1 producer of crude palm oil (CPO) among states in Malaysia, with output of 329,664 tonnes in June 2022 (June 2021:327,423 tonnes). In May, Sarawak recorded CPO production of 325,899 tonnes. For the first six months of
KUCHING: Shin Yang Shipping Corporation Bhd (Syscorp) has completed the acquisition of Piasau Gas Sdn Bhd for RM22.79 million in cash. Piasau Gas has become Syscorp’s wholly-owned subsidiary, the Miri-based shipping and shipbuilding firm told Bursa Malaysia. Incorporated in 1991, Piasau Gas is principally engaged in the business of manufacturing,
KUCHING: Malaysia’s plywood exports to Japan has expanded by more than 10 per cent in April 2022 to 79,300 cubic metres (cu m) from 71,000 cu m in the previous month of March. April’s shipment to Japan from Malaysia was the highest monthly recorded in 2022, according to Japan Finance
KUCHING: CCK Consolidated Holdings Bhd has received approval from its shareholders for the proposed acquisition of PT Bonanza Pratama Abadi by its wholly-owned subsidiary PT Adilmart for US$8 million (RM33.74 million) at its extraordinary general meeting (EGM) on June 29, 2022. All the shareholders present at the EGM voted in
KUCHING: Quality Concrete Holdings Bhd sees the sharp rise in oil prices and material cost due to the sudden eruption of geopolitical war between Russia and Ukraine as posing a new set of challenges to the group’s operations. Brent crude oil has surged to US$115 per barrel from low of
KUCHING: Borneo Oil Bhd (BOB) thinks that the gross proceeds of up to RM24.74 million which is expected to be raised from its proposed private placement exercise is adequate to address the group’s funding requirements for the time being. The group is undertaking the proposed private placement to defray the
KUCHING: Sarawak Cable Bhd (SCB) is targeting specialised transmission lines’ construction and related maintenance projects to boost its revenue. The focus is part of the group’s turnaround strategy besides concentrating on its core business of cables manufacturing to improve its future financial performance, said company group managing director Dato Ahmad
KUCHING: Borneo Oil Bhd (BOB) will acquire additional 22.49 per cent equity interest in Makin Teguh Sdn Bhd (MTSB), which owns an integrated clinker and cement plant in Sabah, for about RM73.6 million. BOB has entered into a sale of shares agreement (SSA) with MT 23 Resources Ltd (vendor) for
KUCHING: Harbour-Link Group Bhd expects freight rates for container liners for both domestic and Intra-Asia trade to remain stable throughout 2022. The Bintulu-based company foresees all services provided under the group’s shipping and marine division to maintain and continue with organic growth this year. “Container line service shall remain the
KUCHING: ABM Fujiya Bhd’s (AFujiya) wholly-owned subsidiary Fuya Energy Sdn Bhd is currently in the midst of constructing a plant to manufacture batteries and accumulators, said its group executive chairman Dato Sri Tay Ah Ching @ Tay Chin Kin. However, he does not say when the new plant will be