KUCHING: Hubline Bhd has raised an additional RM4.02 million from the second tranche private placement exercise. The company placed out 108,603,000 new ordinary shares priced at RM0.037 each under the second tranche, it said in a filing with Bursa Malaysia. With the latest issuance of new shares, Hubline’s total number
KUCHING: Cahya Mata Sarawak Bhd (CMS) has appointed Datuk Seri Sulaiman Abdul Rahman Taib as its group managing director. The son of Sarawak Head of State Tun Abdul Taib Mahmud took over from Datuk Isaac Lugun, who has been redesignated as non-independent, non-executive director, effective July 8, 2021. Welcoming Sulaiman
SPECIAL REPORT KUCHING: Malaysia has lost 193,000 hectares of natural forest in 2019, and it ranked sixth among 10 tropical countries that lost the most primary forest last year. The loss recorded by Malaysia is equivalent to 97.1 metric tonnes of carbon dioxide (Co2) emission, according to data from University
KUCHING: Dayang Enterprise Holdings Bhd (DEHB) group’s net profit has soared to RM236.3 million in financial year ended December 31, 2019 (FY2019) — the best ever annual profits the company has achieved. The historic profits was RM72 million or 44 percent higher than RM164.2 million recorded in FY2018. The group’s
KUCHING: Sarawak Consolidated Industries Bhd (SCIB) share price has been on an “extraordinary” rally following the change of key ownership barely three months ago. From a penny stock languishing below 50 sen per share a year ago, SCIB shot to intra-day high of RM2.50 yesterday against 2019’s close of RM1.90
KUCHING: Dayang Enterprise Sdn Bhd (DESB) has won two contracts for the provision of integrated hook-up and commissioning (i-HUC) services for Petronas Carigali Sdn Bhd (PCSB). The contracts are for Package B:SBA and Package D:SKO. The duration of the contracts are four years, effective January 1, 2020 and will expire
The Development Bank of Sarawak Bhd (DBOS), which is now into its third year of commercial operation, is an alternative financing model created by the Sarawak government. The state-owned bank’s mission is to play a pivotal role in providing financing of public infrastructure and strategic projects to accelerate Sarawak’s economic
KUCHING: Soaring palm oil prices in recent weeks have driven up the share prices of Sarawak-based plantation companies to their highest levels in about two years. The benchmark palm oil contract for March 2020 delivery on the Bursa Malaysia Derivatives Exchange hit the RM3, 000 per tonne mark and jumped
KUCHING: Sarawak’s exports of logs and timber products jumped by about 15 percent or RM48 million in free on board (FOB) values to RM368.2 million in November from RM320.3 million in October 2019. Logs and key timber products, like plywood, sawn timber, fibreboard and veneer, all recorded higher export volumes
KUCHING: Perdana Petroleum Bhd (PPB) and its subsidiaries have been discharged from the purview of the Corporate Debt Restructuring Committee (CDRC) of Bank Negara following the completion of the company’s debt restructuring exercise. The CDRC notified Perdana Petroleum of the discharge on December 16, 2019, Perdana Petroleum said in a
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