KUCHING: The Sarawak government, via its investment arm State Financial Secretary Sarawak, has acquired a 4.95 per cent stake in Affin Bank Bhd for about RM221.74 million. Affin Bank said Lembaga Tabung Angkatan Tentera (LTAT) has confirmed that it had on April 13, 2023 divested 112,558,000 ordinary shares in the
KUCHING: Reservoir Link Energy Bhd (RLEB) has signed an agreement to undertake the construction, commissioning and operation of a new wastewater treatment plant in Indonesia. RLEB said PT Envirotech Akva Indonesia, a 85 per cent-owned subsidiary of Reservoir Link (Labuan) Ltd and PT Unilever Oleochemical Indonesia (PTUOI) had entered into
KUCHING: OM Materials (Sarawak) Sdn Bhd has temporarily suspended production at the first silicon metal furnace at its ferro alloy smelting plant in Samalaju Industrial Park, Bintulu. The reason of the suspension is due to the furnace not operating as anticipated within the framework of the engineering, procurement and construction
KUCHING: Reneuco Bhd (formerly known as KPower Bhd) proposed to undertake an issuance of redeemable convertible bonds (RCB), which will be divided into four main tranches, with an aggregate nominal value of up to RM350 million. According to Reneuco in a filing with Bursa Malaysia, the RCB will mature on
KUCHING: Bintulu Port Holdings Bhd (BPHB) is moving closer to realising the biohub project, which is now in its feasibility study phase, according to its chairman Dato Abdul Mutalib Alias. “We seek to establish an industrial port complex with multiple stakeholders that leverages circular industries and clean energy, like hydrogen,
KUCHING: Sarawak’s crude palm oil (CPO) monthly production has risen to 265,244 tonnes last month from 248,742 tonnes in February 2023 or by 16,502 tonnes or 6.6 per cent. However, last month’s output was still significantly lower compared to 301,930 tonnes recorded in January 2023 and also lower from 278,933
KUCHING: OceanMight Sdn Bhd has secured a RM111.6 million contract for a steel fabrication project. The oil & gas subsidiary of KKB Engineering Bhd received a purchase order contract from Samsung Engineering (M) Sdn Bhd for the module fabrication and supply of steel structures for Malaysia Shell R&M onshore gas
KUCHING: Samalaju Industrial Port Sdn Bhd’s (SIPSB) container throughput has soared to 7,960 twenty-foot equivalent units (TEUs) last year as compared to 724 TEUs in 2021 when the service was launched late that year. This represents an increase of more than 10 times, said Bintulu Port Holdings Bhd (BPHB) group
KUCHING: Subur Tiasa Holdings Bhd’s independent auditor Crowe Malaysia PLT has issued an unmodified audit opinion with a material uncertainty related to going concern in respect of the company’s audited financial statements for the financial year ended Dec 31, 2022 (FY2022). The auditor drew attention to Note 4 in the
KUCHING: China has planted over 613 million hectares of national reserve forests in the past 10 years in order to establish a national timber security system. Started the national reserve forest project in 2012, the project covered 29 provinces (autonomous regions and municipalities), six forest industry (forestry) groups and Xinjinang
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