KUCHING: Plywood manufacturers and exporters in Malaysia and Indonesia are expected to significantly raise the selling prices of their products due to the strong exchange rates of ringgit and rupiah to the US dollar in October 2024. In predicting this, Japan Lumber Reports (JLR) said the strong ringgit and rupiah
KUCHING: Zecon Bhd has received approval from the Sarawak government on the development of the Kota Petra Green Technology Park (KPGTP) here. The company said it was informed of this by the state’s Ministry of Utility and Technology in a letter dated November 20. Zecon will now apply to the
KUCHING: PMB Technology Bhd (PMBT) has completed its rights issue, which raised about RM309.5 million. Under the fund raising exercise, about 243.7 million new ordinary shares were issued, and these rights shares were listed and quoted on Bursa Malaysia Main Board on November 22, PMBT said in a filing with
KUCHING: Sarawak Plantation Bhd (SPB) has posted higher group pre-tax profit of about RM41.8 million in third quarter ended September 30, 2024 (3Q2024) against RM36.5 million in 3Q2023 despite a sharp drop in group revenue to RM149.1 million from RM172.7 million. The increased profit was mainly resulted from a higher
KUCHING: Bintulu Port Holdings Bhd (BPHB) has posted a sharp increase in its group net profit to RM112.6 million in the first nine months of 2024 (9m2024) from RM78.72 million in 9m2023, boosted by the improved performance of both Bintulu Port and Samalaju Industrial Port operations. The higher earnings were
KUCHING: Dayang Enterprise Holdings Bhd has chalked up sharply higher group net profit of RM134.9 million in third quarters to September 30, 2024 (3Q2024) from RM76.4 million a year ago, or up by RM58.6 million or 77 per cent. Group revenue surged to RM448.5 million from RM343.7 million during the
KUCHING: The United States of America’s imports of sawn tropical hardwood has continued to drop, impacting key suppliers like Malaysia. In September 2024, US imports of sawn tropical hardwood fell by 19 per cent after a 14 per cent drop in August. “The 12,198 cubic metres (cu m) of tropical
KUCHING: Higher utilisation of vessels and improved charter rates have given a big boost to the earnings of Sealink International Bhd group, with its net profit surged to RM11.25 million in third quarter ended September 30, 2024 (3Q2024) from RM2.28 million a year ago. The earnings growth was in line
KUCHING: Perdana Petroleum Bhd (PPB) has delivered strong group net profit of RM75.8 million in third quarter ended September 30, 2024 (3Q2024), an increase of about RM53 million (+232%) over RM22.76 million recorded in 3Q2023, thanks to higher vessel utilisation and improved daily charter rates for these vessels. Group revenue
KUCHING: It’s confirmed — the implementation of the European Deforestation Regulation (EUDR) has been delayed by 12 months to December 2025. This follows the decisive vote in the European Parliament for the postponement as well as other amendments last week (371 votes to 240 and 30 abstentions). The European Commission
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