KUCHING: Ekovest Construction Sdn Bhd (ECSB) has claimed for general damages from Samling Resources Sdn Bhd (SRSB) for what it claimed as “wrongful termination” of the joint venture and shareholders agreement they have entered into in relation to jointly undertake the Pan Borneo Highway project. The wholly-owned subsidiary of Ekovest
KUCHING: Quality Concrete Holdings Bhd’s construction & property development segment has more than doubled its revenue in first quarter ended April 30, 2019 (Q1-2019). The segment’s turnover surged to about RM8.1 million from RM3.54 million in Q1-2018. Quality Concrete attributed the improved performance to the segment having achieved better progress
KUCHING: Subur Tiasa Holdings Bhd, whose bottomline has been hit by low logs production, is in the process of certifying its forest concessions. The Sibu-based company expects to obtain the forest management certification for its forest located in Sibu, Kapit and Bintulu regions. In the nine-month period ended April 30,
KUCHING: KKB Engineering Bhd (KKB) and its oil & gas subsidiary OceanMight Sdn Bhd have been awarded three contracts worth a combined RM29 million. Two of the contracts involved the supply of mild steel cement lined (MSCL) pipes for the Sarawak Water Supply Grid Programme to Mirecont Sdn Bhd and
KUCHING: Japan’s total imports of plywood from Malaysia dipped by about five percent in January and February 2019 from a year ago. In February, Japan imported 86,500 cubic metres (cu m) of plywood from Malaysia, which was lower by 7.2 percent as compared to January this year. During the first two
KUCHING: Sarawak has banned the import of ordinary plywood with thickness of 6mm and above. This comes following the revision of the Sarawak Timber Industry Development Corporation (STIDC) Registration Conditions and Restrictions from April 18, 2019. The salient terms of revision include ‘Importation of ordinary plywood for thickness of 6mm and
KUCHING: Sarawak Cable Bhd (SCable) will refocus on its core manufacturing business while scaling down its loss-making construction and aviation businesses. Managing director Datuk Ahmad Redza Abdullah said SCable had resolved to go ‘back to basics’ and become a cable centric company once again. “The group intends to re-align its
KUCHING: Ta Ann Holdings Bhd is working to utilise its plantation logs to produce other value-added timber products aside from plywood. Group managing director and CEO Datuk Wong Kuo Hea said Ta Ann’s timber business is going through a challenging period due mainly to rising production cost, emergence of substitute
KUCHING: WTK Holdings Bhd foresees better performance of its oil palm business with anticipated significant increase in fresh fruit bunch (FFB) production and higher output of its sole palm oil mill this year. WTK, which is one of Sarawak’s top six timber groups, expects its FFB production to rise by
KUCHING: Dayang Enterprise Holdings Bhd (Dayang), a leading oil & gas player, has recorded a sharp increase in gross margin and improved vessel utilisation rate. According to managing director Tengku Datuk Yusof Tengku Ahmad Shahruddin, the group’s gross margin has shown a vast improvement to 41 percent last year from