KUCHING: The Public Works Department (JKR) cannot liquidate the performance bond of RM24.75 million put up by Zecon Bhd related to the Petra Jaya Hospital project here. The Kuala Lumpur High Court on Thursday (March 14) granted in Zecon’s favour the interim injunction restraining JKR from making a claim on
KUCHING: Naim Holdings Bhd (Naim) share price hit limit up, with a gain of 30 sen yesterday. The property developer closed RM1.20, with some 68 million shares traded. Naim was the No 1 gainer and among the top 10 most actively traded counters on Bursa Malaysia list. Its market capitalisation has
KUCHING: Cahya Mata Sarawak Bhd’s (CMS) subsidiary PPES Works (Sarawak) Sdn Bhd has teamed up with a company from China to bid for major road projects in Sarawak. PPES Works (PPESW), which is 51 percent-owned by CMS Works Sdn Bhd, which in turn is 100 percent-owned by CMS, has set
KUCHING: Press Metal Aluminium Holdings Bhd, which owns aluminium smelting plants in Bintulu and Mukah, expects aluminium demand to outstrip supply going forward. According to group chief executive officer (CEO) Datuk Koon Poh Keong, aluminium demand is still expected to increase in 2019 due to its inherent advantages and key
KUCHING: Hock Seng Lee Bhd (HSL), which chalked up stronger earnings last year, expects the trend in the increase in construction activities that has benefitted the company, to continue going forward. The marine engineering and infrastructure firm said the Sarawak government’s newly rolled out mega sized infrastructure projects offer new
KUCHING: YKGI Holdings Bhd is selling its loss-making coated coil business to NS Bluescope (Malaysia) Sdn Bhd for RM125 million. Shareholders gave their nod to the proposed disposal at the company’s extraordinary general meeting (EGM) on Wednesday (Feb 20). The disposal is expected to be completed in May. Selangor-based NS
KUCHING: The implementation of the new minimum wage and increase in timber harvest tax from last month have further driven up the export prices of Sarawak logs and plywood. Higher minimum wage and harvest tax have pushed up production cost of logs and plywood, which is labour intensive. “By increased
KUCHING: Pansar Bhd foresees renewed shipbuilding activity to benefit the company. “Renewed shipbuilding activity is expected to have a positive impact on our company,” said Pansar, which is a supplier of marine engines for ship construction. The company said the state government’s thrust of infrastructure development would give an impetus
KUCHING: Bintulu Port Authority (BPA) terminated a multi-million ringgit contract with Muhibbah Viccana JV recently due to its commercial and operational issues. Muhibbah Engineering (M) Bhd, which has a 51 percent stake in the Muhibbah Viccana JV, had sought clarification from BPA on the reason for the termination. The contract
KUCHING: One of Ta Ann Holdings Bhd’s veneer rotary mills in Southwood site, southern Tasmania, Australia has its operation disrupted by recent bush fires. According to Ta Ann, the bush fires are now under control and the extent of the damages to the mill is under assessment. “The plant is
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