KUCHING: Pansar Bhd’s outstanding order book of more than RM1.2 billion can sustain the company even in the event of an economic downturn for the next few years, said its chairman Dato Sri James Tai Cheong. He said some of the notable infrastructure projects that Pansar is currently implementing include
KUCHING: Borneo Oil Bhd (BOB) has fixed the issue price for the first tranche of its private placement at RM0.0223 per placement share. The issue price represents a discount of approximately 9.72 per cent to the 5-day volume weighted average price (VWAP) of BOB shares up to and including July
KUCHING: Sarawak Cable Bhd (SCB) has posted group net loss of about RM126.7 million for the 17-month period to May 31, 2022 (17M2022) on revenue of RM815.9 million. There are no comparison figures as the company has changed its financial year to May 31 from Dec 31. Losses per share
KUCHING: Shipbuilder TAS Offshore Bhd has slipped into the red with group net loss to RM1.51 million for financial year ended May 31, 2022 (FY2022) from net profit of about RM1.9 million in the preceding year. This was despite a sharp increase in group revenue to RM57.5 million from RM34.9
KUCHING: The EU27 (European Union 27 member countries) has significantly increased the imports of tropical wood and wood furniture from tropical countries, including Malaysia, due to the curtailment of wood supplies from Russia and Belarus. The shrinking wood supplies from Russia and Belarus due to the sanctions imposed by the
KUCHING: Sarawak’s monthly export earnings from logs and timber products has dropped sharply in June 2022 to about RM246.97 million (free on board value) from RM318.2 million in previous month of May or down by RM71 million or 22.4 per cent. Month-on-month, there was a significant decline in the export
KUCHING: Sarawak has for the second consecutive month maintained its position as the No 1 producer of crude palm oil (CPO) among states in Malaysia, with output of 329,664 tonnes in June 2022 (June 2021:327,423 tonnes). In May, Sarawak recorded CPO production of 325,899 tonnes. For the first six months of
KUCHING: Shin Yang Shipping Corporation Bhd (Syscorp) has completed the acquisition of Piasau Gas Sdn Bhd for RM22.79 million in cash. Piasau Gas has become Syscorp’s wholly-owned subsidiary, the Miri-based shipping and shipbuilding firm told Bursa Malaysia. Incorporated in 1991, Piasau Gas is principally engaged in the business of manufacturing,
KUCHING: Malaysia’s plywood exports to Japan has expanded by more than 10 per cent in April 2022 to 79,300 cubic metres (cu m) from 71,000 cu m in the previous month of March. April’s shipment to Japan from Malaysia was the highest monthly recorded in 2022, according to Japan Finance
KUCHING: CCK Consolidated Holdings Bhd has received approval from its shareholders for the proposed acquisition of PT Bonanza Pratama Abadi by its wholly-owned subsidiary PT Adilmart for US$8 million (RM33.74 million) at its extraordinary general meeting (EGM) on June 29, 2022. All the shareholders present at the EGM voted in
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