KUCHING: Press Metal Aluminium Holdings Bhd has issued Islamic Medium Term Notes or Sukuk Wakalah for an aggregate nominal value of RM500 million, with tenures of five and seven years. This was the company’s fourth issuance of Sukuk Wakalah under the Sukuk Programme. Maybank Investment Bank Bhd is the sole
KUCHING: The United States has raised its imports of hardwood plywood by 38 per cent in July 2023 from the previous month, registering an increase for the fifth consecutive month. July 2023’s plywood imports of 354,292 cubic metres (cu m) was 31 per cent higher than July 2022,making it the
KUCHING: Japan’s imports of plywood has continued to slide, falling 38.2 per cent to 142,632 cubic metres (cu m) in June 2023 from a year ago. The demand and supply of South Sea (tropical) plywood in the Japanese market is very tight, according to Japan Lumber Report (JLR) in its
KUCHING: Sarawak has taken over Sabah as the country’s top producer of crude palm oil (CPO) with its production volume surged to 395,858 tonnes in July 2023. Last month’s Sarawak production output jumped by 53,522 tonnes from 342,336 tonnes recorded in June 2023. It was the fourth consecutive month of
KUCHING: Serba Dinamik Holdings Bhd’s (SDHB) subsidiaries have defaulted on payment of three financing facilities totalling about RM435.4 million. Wholly-owned subsidiary Serba Dinamik Group Bhd (SDGB) has defaulted on its payment of the Islamic Club Financing Arrangement provided by MBSB Bank Bhd and Bank Kerjasama Rakyat Malaysia Bhd (collectively, the
KUCHING: The weak international market demand and slowdown in the domestic construction industry have continued to impact the production of Malaysian timber companies. Global Timber Index (GTI)-Malaysia enterprises reported facing the dual challenges of rising raw materials prices and reduced order quantity. In May, GTI-Malaysia index registered 28 per cent,
KUCHING: Malaysia’s export of hardwood plywood to the United States of America (US) has climbed by 21 per cent to 3,688 cubic metres (cu m) in April 2023 from 3,048 cu m in the previous month of March. Major suppliers all benefitted from the rise in US imports of hardwood
KUCHING: Sarawak Consolidated Industries Bhd (SCIB) has fixed the second tranche of its private placement at RM0.3031 per placement share. he issue price represents a discount of approximately 9.98 per cent to the 5-day volume weighted average market price of SCIB shares for the last five market days up to
KUCHING: Malaysia’s shipment of wooden furniture parts (HS 940391) to Japan has risen steeply to worth 245,676,000 yen (RM8.12 million) in March 2023 from 1,640,000 yen (RM54,185) in the previous month. Malaysia is the third largest supplier to Japan after China and Indonesia. Month-to-month, Japan unexpectedly increased the imports of
KUCHING: The European Union (EU) has cut imports of tropical wood and furniture products by double digits in first quarter of 2023 (Q12023) from a year ago, adversely affecting key suppliers like Malaysia. In Q12023, the bloc imported 427,000 tonnes of tropical wood and wooden furniture worth US$896 million, which
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