KUCHING: Shin Yang Shipping Corporation Bhd (Syscorp) has exited ship repair and fabrication business in the Middle East. Its 90 percent-owned indirect subsidiary Shin Yang FZC (SYFZC) has disposed of its entire 45 percent equity interest comprising 450 shares in capital of Shin Yang Shipbuilding & Engineering RMC FZC (Sysbe)
KUCHING: Cahya Mata Sarawak Bhd (CMS) has come up with new types of cement products and high-performance concrete to support the state government’s infrastructure projects at lower cost. The Sarawak conglomerate is also involved in the development of concrete roads. A new cement product CMS launched last November is Portland
KUCHING: Quality Concrete Holdings Bhd has narrowed its losses, thanks to cost cutting measures for its ready mixed concrete business. For the financial year ended Jan 31, 2019 (FY2019), group’s pre-tax loss was reduced by RM3 million to RM10.5 million from RM13.5 million in FY2018 as revenue rose to RM124.7
KUCHING: A new breed of shopping mall known as hybrid mall is making its presence in the city. According to C H Williams Talhar Wong & Yeo Sdn Bhd (WTWY), there is an anticipated increase in hybrid malls in the next few years. A hybrid mall, it explains, is in the
KUCHING: New launches for high-rise residential units in the state capital have fallen by about 50 percent last year from more than 3,000 units launched in 2017. The sharp decline is attributed to the current large incoming supply of new units and signs of slower sales and lower rentals. “The
KUCHING: SIG Gases Bhd (SIGGAS), which owns and operates manufacturing and refilling facilities for industrial gases in Bintulu, has received an offer to buy one of its subsidiaries for about RM226.59 million. The offer to acquire the entire equity interest in wholly-owned Southern Industrial Gas Sdn Bhd (SIGSB) came from
KUCHING: Subur Tiasa Holdings Bhd has sunk into the red as its timber and oil palm businesses are both losing money. In the second quarter ended Jan 31, 2019 (2Q-2019), the Sibu-based company posted group pre-tax loss of about RM9.3 million from profit of RM134,000 in 2Q-2018 as revenue slumped to
KUCHING: KKB Engineering Bhd (KKB) has secured three contracts with combined value of RM30.8 million. The first contract from Petronas Dagangan Bhd is for the price agreement for new and reburbishment of LPG cylinders for Petronas Dangangan:fabrication,reconditioning of LPG cylinders and to supply and delivery of LPG compact valves.
KUCHING: Japan expects its imported volume of plywood from Malaysia to further decline this year because of increasing prices. Malaysia, the single largest plywood exporter to Japan, shipped about 1.06 million cu m to that country in 2018, which was a drop of 10.8 percent from 2017. But Japan has
KUCHING: The Kuala Lumpur High Court has dismissed Global Upline Sdn Bhd’s application to set aside the Asian International Arbitration Centre (formerly known as Kuala Lumpur Regional Centre for Arbitration) arbitral tribunal’s final award in favour of KKB Builders Sdn Bhd over a dispute on the termination of a project’s
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