KUCHING: Malaysia’s harvesting volume in the timber industry has decreased significantly for three consecutive months in October 2024. This is due to weak domestic and international demand as well as unfavourable weather, according to Global Timber Index (GTI) Producers Report for October. “In addition, the Malaysian government has imposed restrictions
KUCHING:PMB Technology Bhd (PMBT)’s rights issue has been over-subscribed 12.45 per cent or 30,349,050 shares. On closing date of acceptance on November 8, 2024, the company received total valid acceptance of 238,367,286 rights shares (97.81%) and total valid excess applications of 35,686,590 shares (14.64%), bringing to total 274,053,876 rights shares
LIMA: Prime Minister Datuk Seri Anwar Ibrahim’s maiden official visit to Peru has generated potential exports worth RM1.24 billion (US$0.3 billion), particularly in high potential sectors on the initiative of the Malaysia External Trade Development Corporation (MATRADE). Anwar said the Peruvian companies expressed interest in importing Malaysia’s steel and glass
KUCHING: CCK Consolidated Holdings Bhd plans to invest RM20 million to expand its factory in Bintawa here by constructing a new coldroom, and another RM10 million to set up a new broiler farm in Sarawak. Additionally, RM6.338 million will be invested in the digitalisation of the group and upgrading of
KUCHING: Malaysia is the only leading plywood supplier that saw an increase in its exports to Japan in August 2024. For the month under review, Malaysia’s plywood shipments jumped by more than 10 per cent to 56,800 cubic metres (cu m) to Japan as compared to 49,800 cu m in
KUCHING: Vietnam has reported robust exports of wood and wood product (W&WP), which climbed by 25 per cent to US$11.7 billion in the January-September 2024 period (9m2024) from a year ago. The W&WP ranked 7th among Vietnam’s export commodity groups. In 9m2024, the WP exports were valued at US$8 billion,
KUCHING: Sarawak Consolidated Industries Bhd (SCIB), through its joint-venture with MyArch group, is introducing cutting-edge infrastructure solutions to Sarawak, according to its group managing director/CEO Ku Chong Hong. He said combining SCIB’s extensive expertise in precast concrete manufacturing with MyArch’s advanced technologies, the collaboration offers innovative systems such as Bebo
KUCHING: Borneo Oil Bhd’s (Borneo) associate company Makin Teguh Sdn Bhd, which owns a cement plant in Sabah, has now obtained the requisite product conformity certificates for cement production. Makin Teguh had undergone the required product certification process in accordance with the Malaysian Construction Industry Standards, according to Borneo in
KUCHING: B.I.G. Industries Bhd (BIG) has sold 75 out of the 78 residential units at its Suasana Melalin @ Kota Kinabalu development. The residential project comprises 71 units of double-storey terrace houses, six units of double storey semi-detached houses and one unit bungalow with an estimated gross development value of
KUCHING: WTK Holdings Bhd has reported a 42 per cent jump in log production volume in the July-September 2024 quarter (3Q2024) to 77,977 cubic metres (cu m) from 54,832 cu m in 3Q2023. However, the 3Q2024 production output was down by 13 per cent compared to the immediate preceding quarter
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