KUCHING: Sarawak Consolidated Industries Bhd (SCIB) wholly-owned subsidiary SCIB Concrete Manufacturing Sdn Bhd (SCM) has accepted Islamic banking facilities amounting to RM48 million. The loans were granted by Affin Islamic Bank Bhd. The banking facilities include Tawarruq term financing-i of RM27 million, Tawarruq cash line-i of RM8 million, Islamic composite
KUCHING: AIZO Group Bhd (formerly known as Minetech Resources Bhd) has fixed the second tranche of its private placement at RM0.122 per placement share. The issue price represents a discount of approximately RM0.013 or 9.63 per cent from the 5-day volume weighted average market price (VWAMP) of AIZO shares from
KUCHING: The United States of America (US) imports of tropical plywood from Malaysia and Vietnam have remained strong in the January-August 2024 period (8m2024). During the period under review, US recorded a 77 per cent surge in plywood shipments from Malaysia to 60,707 cubic metres (cu m) and 80 per
KUCHING: Timber enterprises sampled by Global Timber Index (GTI)-Malaysia have called for woodchips to be retained for local consumption. Malaysia has been exporting woodchips to several overseas markets over the years. In Sarawak, some 170,155 tonnes of woodchips valued at RM109.9 million (free on board value) were exported in the
KUCHING: TAS Offshore Bhd has signed 12 shipbuilding contracts worth a total of RM86.66 million with clients from Indonesia and Singapore in the 12 months to May 31, 2024 (FY2024), according to its chairman Datuk Mohammed Sepuan Anu. Eighty-five per cent of the new contracts were from Indonesia where the
KUCHING: Sarawak’s foreign exchange earnings from the monthly exports of logs and timber products have dropped substantially to RM210.4 million in August 2024 from RM274.8 million in July, or down by RM64.4 million or 23.5 per cent, mainly because there were no sales of woodchips and wood pellets for the month.
KUCHING: Malaysia’s exports of tropical sawnwood to China in the January-June 2024 period (1H2024) have increased by 52 per cent to 63,000 cubic metres (cu m) from a year ago. In terms of the value of this exported sawnwood to China, Malaysia recorded a 49 per cent jump to US$22
KUCHING: Borneo Oil Bhd group is back in the black after posting a profit of RM33.13 million in financial year to June 30, 2024 (FY2024) from loss of RM13.22 million in FY2023, contributed mainly by the fair value gain of a quoted securities in the US. A fair value gain
KUCHING: Subur Tiasa Holdings Bhd has returned to profitability, recording group net profit of RM1 million in second quarter to June 30, 2024 (2Q2024) from loss of RM11.87 million a year ago, with the turnaround of its oil palm business. The profit was reported despite group revenue had dropped to
KUCHING: Dayang Enterprise Holdings Bhd has chalked up impressive earnings, with group net profit more than doubled to RM131.4 million in second quarter to June 30, 2024 (2Q2024) from RM64.69 million a year ago, bolstered by higher utilisation of offshore supply vessels and award of topside maintenance order/ contracts. Group
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