KUCHING: The European Commission’s (EC’s) decision to extend for another 12 months the implementation of the European Union Deforestation Regulation (EUDR) to December 2026 is to allow time to remedy the identified risks. In letters sent to the European Union (EU) Parliament and Council on September 23, the Commissioner for
KUCHING: A habitat restoration project within Sabah’s Mount Wullersdorf-Ulu Kalumpang Forest Reserves has won recognition for WWF-Malaysia, as it was awarded the Ecosystem Restoration Field Verification Certificate. This globally recognised standard, which was developed by Preferred by Nature, evaluates on-the-ground restoration efforts, ensuring compliance with best practices in sustainability and
KUCHING: Vietnam’s Industry and Trade Ministry has imposed provisional anti-dumping duties on certain fibreboard products originating from China. The duty rate ranges from 2.59 per cent to 39.88 per cent. The move is based on a comprehensive investigation and assessment conducted by the relevant Vietnamese authorities in accordance with the
KUCHING: TAS Offshore Bhd has secured 19 new shipbuilding contracts from Indonesia worth about RM232.1 million in financial year ended May 31, 2025 (FY2025). This boosted the group’s order book to RM278 million, said TAS chairman Datu Mohammed Sepuan Anu. He said Indonesia remains the group’s largest market, contributing approximately
KUCHING: Ibraco Bhd’s share price surged to an all-time high of RM1.40 last Friday as investors continued to chase the stock. The property developer and construction company gained 6 sen to RM1.40 with 189,400 shares changing hands on the last trading day of the week, giving the company a market
KUCHING: Sarawak Consolidated Industries Bhd (SCIB) has received an indicative letter of offer from YTL Cement (Sarawak) Sdn Bhd to acquire SCIB Concrete Manufacturing Sdn Bhd for RM113 million. YTL Cement is an indirect subsidiary of YTL Corporation Bhd while SCIB Concrete Manufacturing is a wholly-owned subsidiary of SCIB. SCIB
KUCHING: The Employees Provident Fund (EPF) Board has steadily built up its stake in Dayang Enterprise Holdings Bhd since emerging as a substantial shareholder in March this year. The pension fund accumulated additional 1,771,000 shares on September 25, bringing its total shareholdings in Dayang to 103.62 million shares (8.95%), according
KUCHING: Sarawak Economic Development Corporation (SEDC) has further trimmed its shareholdings in Cahya Mata Sarawak Bhd (CMS), with the disposal of 169,700 shares on September 26. This reduced its stake in the Sarawak conglomerate to about 57.23 million shares (5.325%), according to CMS’s filing with Bursa Malaysia. The latest sales
KUCHING: Newly listed Hartanah Kenyalang Bhd has slipped into the red, with group net loss of RM1.7 million in third quarter ended July 31, 2025 (3Q2025) on revenue of RM25.6 million. Losses per share stood at 0.27sen. The Sarawak-based building and infrastructure construction company, which made its debt on Bursa
KUCHING: China’s furniture export earnings have taken a hit due to tariff-related issues, although export volume has surged. In the first six months of 2025 (6M2025), China exported nearly US$34.92 million worth of furniture, down 6.72 per cent from 6M2024, although export volume rose by 5.98 per cent, according to
