KUCHING: WTK Holdings Bhd’s log production plunged sharply after the group divested its loss-making timber subsidiaries involved in logging operations. In the third quarter ended September 2025 (3Q2025), WTK’s log output tumbled 61 per cent to 18,551 cubic metres (cu m) from 47,486 cu m in the previous quarter (2Q2025),
KUCHING: AZIO Group Bhd’s independent director Lo Ling has disposed of his entire stake in the company, amounting to about 28 million shares or 1.43 per cent equity interest. According to the company’s filing with Bursa Malaysia, Lo sold the shares at RM0.0798 each for a total of RM2.24 million
KUCHING: Malaysia’s furniture exports are expected to take a heavy hit following the 25 per cent trade tariff imposed by the United States, the country’s largest export market. In 2024, Malaysia exported RM9.89 billion worth of furniture, accounting for 43 per cent of all wood product exports. Of this, RM5.71
KUCHING: Zecon Bhd is teaming up with two foreign companies for potential development of an integrated energy complex (IEC) in the Kota Petra Green Technology Park (KPGTP) here. Zecon has entered into a memorandum of understanding (MoU) with Edra Power Holdings Sdn Bhd (EPH) and Neutrinos Engineering Pte Ltd (NEPI)
KUCHING: Japan’s tropical plywood importers have observed price increases for 12mm thick plywood from production sources in Malaysia. At the point of origin, 12mm 3×6 coated formwork plywood is priced at US$600-610, cost and freight (C&F) per cubic metre (cu m); standard formwork plywood is US$500-510, C&F per cu m;
KUCHING: Malaysia has been a key supplier to the expanding Japanese furniture market worth about US$23 million in 2024, and this is projected to grow and reach US$26.32 million by 2032. “The Japanese furniture market is a mature and sophisticated sector influenced by the country’s unique cultural heritage, urban living
KUCHING: WTK Holdings Bhd’s share price has continued its uptrend, closing at 63.5 sen last Friday, gaining 5.5 sen or nearly 10 per cent for the week. The stock has climbed more than 65 per cent or 25.5 sen from its recent low of 38 sen in mid-July, hitting a
KUCHING: European Union 27 member nations (EU27) have raised the imports of tropical wood and wooden furniture by nine per cent to 770,800 tonnes in first half of 2025 (1H2025) from a year ago. In terms of value, this also rose by nine per cent to US$1.66 billion during the
KUCHING: Bintulu Port Holdings Bhd (BPHB) has obtained leave from the Kuala Lumpur High Court to proceed with its judicial review application on the notices of assessment from Inland Revenue Board (IRB). BPHB was slapped with notices of assessment for 2020 (about RM6.75 million), 2021 (RM10.99 million), 2022 (RM12.67 million)
KUCHING: Reservoir Link Sdn Bhd (RLSB) is to acquire the remaining 70 per cent stake in Propel Maxflo Sdn Bhd (Maxflo) for RM17.24 million. The proposed acquisition will be satisfied via a combination of cash (RM13.79 million) and the balance of RM3.45 million via the issuance of about 18.69 million