KUCHING: Sarawak Cable Bhd (SCB), which is currently in the midst of negotiating with its creditors for a new restructuring scheme, has reported widening losses on shrinking sales. In second quarter ended November 30, 2023 (2Q2023), SCB suffered group net loss of RM35.82 million against RM11.74 million in 2Q2022 as
KUCHING: Supreme Consolidated Resources Bhd will undertake a proposed issuance of 70 million new ordinary shares that is expected to raise RM17.5 million to mainly fund the expansion of the company’s warehousing facility. The indicative price for the proposed share issuance is 25sen per share. Supreme has proposed to withdraw
KUCHING: Dayang Enterprise Sdn Bhd (DESB) has been awarded a contract extension for the provision of Pan Malaysia maintenance, construction and modification (PM-MCM) from Mubadala Energy (SK320) Ltd (formerly known as MDC Oil & Gas (SK320) Ltd). The contract was first awarded to the wholly-owned subsidiary of Dayang Enterprise Holdings
KUCHING: Sarawak Cable Bhd (SCB) has appointed two British nationals to its board of directors. Mazhar UL Latif, 69, was appointed executive director, and Rafat Ali Rizvi, 63, as non-independent director on Dec 29, 2023. According to SCB, Mazhar is a chartered accountant and was an audit senior at Cooper
KUCHING: Timber players globally are facing uncertainties in tenure security as they require long and secure tenure to implement sustainable forest management, preventing deforestation in line with the 17 Sustainable Development Goals of the United Nations, according to Sarawak Timber Association Datuk Henry Lau. “With regrets, I believe that most
KUCHING: Japan has slowed down the imports of plywood to 124,969 cubic metres (cu m) in October 2023, down by about 11 per cent from the month earlier. The correction in import volume was recorded after two months of expansion, according to International Tropical Timber Organisation (ITTO) Tropical Timber Market
KUCHING: Reservoir Link Energy Bhd’s (RLEB) 51 per cent-owned subsidiary Founder Group Limited (FGL) is expected to raise up to US$21.16 million from its proposed initial offer (IP) on NASDAQ Stock Exchange. This is based on an assumed IPO price of US$4 per share. “The proposed IPO is expected to
KUCHING: Ibraco Construction Sdn Bhd (ICSB) has inked a joint venture cum shareholders’ agreement with two China-based companies to undertake the Kuching Urban Transport System (KUTS) project that they have jointly secured recently. The wholly-owned subsidiary of Ibraco Bhd has entered into the agreement with China Railway Engineering Corporation (M)
KUCHING: Sarawak’s monthly crude palm oil (CPO) production volume in November 2023 has dropped nearly 10 per cent or 42,760 tonnes to 400,237 tonnes from 442,997 tonnes in the previous month of October. However, last month’s production volume was significantly higher as compared to 374,859 tonnes recorded in November 2022.
KUCHING: Quality Concrete Holdings Bhd has delivered dismal financial results with the group slipping into the red of RM6.69 million in the first nine months to Oct 31, 2023 (9M2023) from net profit of RM4.14 million in 9M2022. Group revenue fell to RM136.3 million from RM161.9 million previously. The company reported
New Sarawak Tribune is a Sarawakian news portal that highlights Sarawak-centric news and other stories of relevance to Sarawak.
Today, New Sarawak Tribune focuses on happenings in Sarawak’s cities, towns and small places no matter how remote these are and events of relevance in other states of Malaysia and other countries.
© Copyright 2024 Tribune Press Sdn. Bhd.
