Author: Alvin Tang

Indonesian timber companies face multiple obstacles

KUCHING: Indonesian timber companies are faced with transportation woes to bring their logs to the market using river channels due to the extreme dry season. “The lowering of river water levels due to the extreme dry season posed a problem because it made it difficult to transport logs when some

Dayang chalks up robust earnings

KUCHING: Dayang Enterprise Holdings Bhd has chalked up robust earnings with group net profit surged to about RM76.4 million in third quarter ended Sept 30, 2023 (3Q2023) from RM52.9 million in 3Q2022 or an increase of RM23.5 mil. The higher utilisation of offshore support vessels (OSVs), coupled with increased work

Strong earnings for Reservoir Link Energy

KUCHING: Reservoir Link Energy Bhd (RLEB) has recorded earning growth, with group net profit surging to RM1.22 million in the first quarter to Sept 30, 2023 (1Q2023) from RM428,000 in 1Q2022 on expanded revenue. Group turnover jumped to RM67.7 million from RM42.4 million during the same period. Earnings per share

Strong earnings for Reservoir Link Energy

KUCHING: Reservoir Link Energy Bhd (RLEB) has recorded earning growth, with group net profit surging to RM1.22 million in the first quarter to Sept 30, 2023 (1Q2023) from RM428,000 in 1Q2022 on expanded revenue. Group turnover jumped to RM67.7 million from RM42.4 million during the same period. Earnings per share

China’s formaldehyde-free wood panels demand sharply up

KUCHING: The demand of formaldehyde-free wood-based panel products in China has risen sharply in efforts to promote the green development of wood-based panel products industry. The output of China’s wood-based panels in 2021 was 336.73 million cubic metres (cu m), a year-on-year increase of eight per cent and came after

Rimbunan Sawit completes capital reduction exercise

KUCHING: Rimbunan Sawit Bhd (RSB) has completed its capital reduction exercise via the cancellation of the company’s paid-up share capital which is substantially unrepresented by available assets of about RM223.1 million. The corresponding credit of RM223.1 million arising from the cancellation will be used to set off against the company’s

Japan imports RM6.88m of wooden office furniture

KUCHING: Japan’s wooden office furniture import value has surged by a massive 56 per cent to RM6.88 million in August 2023 from the unusually low value in the previous month of July. In August, shippers in China and Malaysia dominated imports accounting for 44 per cent (RM3.84 million) and 37

SYG likely to expand its container shipping scope

KUCHING: Shin Yang Group Bhd (SYG) (formerly Shin Yang Shipping Corporation Bhd) is expected to increase its containers shipping scope with the continuous improvement in fleet efficiency, routes enhancement and plying speed of its vessels. This scope increment will be achieved via establishing strategic alliances with business partners to provide

Talentcorp to boost S’wak’s industry-driven talent pool

KUCHING: The Sarawak Post-COVID-19 Development Strategy 2030 (PCDS 2030) aims to achieve a skilled workforce of 30 per cent, all the while ensuring a sufficient pool of local talent.  As Sarawak propels itself towards becoming a developed state by 2030, it is imperative to nurture a skilled workforce to reduce

Harbour-Link foresees challenges in shipping

KUCHING: Harbour-Link Group Bhd foresees ocean freight and shipping charges in container shipping in Intra-Asia routes to weaken slightly going forward. This is because of anticipated lower cargo volume and increase of shipping space from its competitors, according to company chairman and group managing director Datuk Yong Piaw Soon. “While