KUCHING: The government of Papua New Guinea (PNG), a key producer of tropical timber, will steeply raise log export taxes under its National Budget 2020. As the new rates of export tax announced are up to 50 percent, this has drawn strong disapproval and criticisms from the timber players. The
KUCHING: Serba Dinamik Holdings Bhd’s (SDHB) new warrants made another impressive gain on its second day trading on Bursa Malaysia yesterday. The warrants opened 30 sen higher at 60.5 sen, which was the limit up price for the day. On Friday, the free warrants were traded at limit up price
KUCHING: Malaysian and Indonesian hardwood plywood are losing their shine and dominance in the Japanese market. According to the Japan Lumber Reports (JLR), the most noticeable change is that imported plywood is no longer influential in the plywood market. “Imported South Sea (tropical) hardwood plywood used to dominate the market
KUCHING: Dayang Enterprise Holdings Bhd’s rights issue has been oversubscribed by 89,380,199 shares or 92.64 percent. When application for the rights issue closed on Dec 6, the acceptances by shareholders amounted to 94,648,022 shares or 98.1 percent while excess applications totalled 91,213,160 shares or 94.54 percent. “The total acceptances and
KUCHING: Serba Dinamik Holdings Bhd’s newly issued free warrants hit limit-up price of 30.5 sen in its debut on Bursa Malaysia yesterday. At the opening bell, 152, 600 warrants were transacted at 30.5 sen, which is a 44.09 percent premium from the exercise price of RM2.62 to mother share. Serba
KUCHING: Sarawak’s foreign exchange earnings from log exports and plywood have gone up in October from September 2019. In October, Sarawak sharply raised the log exports volume to about 88,908 cubic meters with free on board (FOB) value of about RM49.74 million as compared to 56,121 cu m worth RM44.84
KUCHING: Serba Dinamik Holdings Bhd group managing director and CEO Datuk Dr Mohd Abdul Karim Abdullah (pic) has been allocated 189,144,534 free warrants of the company, which will be listed and quoted on Bursa Malaysia Main Market today. The company issued 881,099,921 free warrants on the basis of two warrants
KUCHING: Serba Dinamik Holdings Bhd has completed the share split and bonus issue exercise with the listing of the subdivided shares and bonus shares on Bursa Malaysia on Wednesday. The number of subdivided shares is 734,249,957 while the number of bonus shares is 881,099,921. Following the exercise, the enlarged number of
KUCHING: Supreme Consolidated Resources Bhd expects to complete its new warehousing facilities at Demak Laut Industrial Park here by this month. The project costing about RM13 million will provide new facilities comprising a three-storey office cum warehouse that include cold storage facilities for freezer and chiller to store frozen and
KUCHING: Improved profit margins from the sale of palm oil related products have helped to push up the latest quarterly earnings of Sarawak Oil Palms Bhd (SOP) despite a double-digit drop in revenue. In third quarter to Sept 30, 2019 (Q3-2019), SOP group net profit rose to RM32.6 million from