KUCHING: Datuk Sri Mahmud Abu Bekir Taib has ceased to be a substantial shareholder of KNM Group Bhd after disposing of 1.1 million shares in the company last week. The son of Sarawak Yang di-Pertua Negeri Tun Abdul Taib Mahmud sold one million shares on Oct 30 and 100,000 shares
KUCHING: Sarawak Consolidated Industries Bhd (SCIB) is to leverage its capabilities to explore untapped markets for its precast concrete products and industrialised building system (IBS) components, according to its chairman Abang Abdillah Izzarim Datuk Patinggi Abang Johari. He said SCIB is a front-runner in precast concrete and IBS manufacturing in
KUCHING: Industrial gas manufacturer B.I.G. Industries Bhd (BIG) will set up a new branch in Samalaju Industrial Park (SIP) in Bintulu to better serve the industries there. The new branch will be constructed in phases, starting with the refilling station for carbon dioxide and depot for cylinder storage. “We have obtained
KUCHING: OM Materials (Sarawak) Sdn Bhd’s (OM Sarawak) ferroalloy smelting plant in Samalaju Industrial Park, Bintulu has reported double-digit increase in the production volume of ferrosilicon (FeSi) and manganese alloys in the July-September 2023 quarter (3Q2023). For the quarter under review, OM Sarawak’s FeSi production surged by 31.5 per cent
K UCHING: Sarawak Plantation Bhd (SPB) has secured a RM40 million Islamic banking facility to finance the development cost of its oil palm plantation and related projects. Wholly-owned subsidiary Sarawak Plantation Agriculture Development Sdn Bhd (SPAD) had entered into a masters agency agreement and memorandum of charge with AmBank Islamic
KUCHING: Sarawak Cable Bhd is currently in negotiations with its creditors for a new debt restructuring scheme. The creditors rejected the previous restructuring proposals during a recent court meeting. The company, which is under PN17 status, stated that it is addressing the concerns raised by the creditors. In an update
KUCHING: Japan’s monthly plywood imports has arrested the downward trend since this year, with double-digit increase in shipment volume reported in August 2023. August’s import volume rose 23 per cent from the previous month of July to 115,000 cubic metres (cu m) but was down more than 30 per cent compared to
KUCHING: Malaysia’s timber industry is still stuck in the doldrums, affecting exports and timber prices. In September 2023, the timber industry was still relatively sluggish, according to the monthly Global Timber Index (GTI) report on Malaysia. “The GTI-Malaysia enterprises reported a decline in timber exports and continued sluggish demand in
KUCHING: Sarawak Cable Bhd’s external auditor Messrs Baker Tilly Monteiro PLT has issued a disclaimer of opinion on the group’s financial statement for the year ended May 31, 2023. The auditor said it was engaged to audit Sarawak Cable’s financial statements, which comprise the statements of financial position as at
KUCHING: Reneuco RE Sdn Bhd has inked a memorandum of understanding (MoU) with Petaling Jaya City Council (MBPJ) for the installation of rooftop solar photovoltaic (PV) at MBPJ Innovation Centre, Taman Sains Selangor. The project is under the Scheme Category of Net Energy Metering Programme (NEM) 3.0. The proposed capacity
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