KUCHING: Ta Ann Holdings Bhd group profit has plunged by more than 50 per cent (pct) to RM156.4 million in financial year ended Dec 31, 2023 (FY2023) from RM320.5 million in FY2022 due to lower average selling prices of crude palm oil (CPO), fresh fruit bunches (FFB) and plywood products
KUCHING: Press Metal Aluminium Holdings Bhd group net profit has dropped to about RM1.21 billion for financial year to Dec 31, 2023 (FY2023) from about RM1.41 billion in FY2022 due to the softening of the metal price. The lower earnings were in line with drop in group revenue to RM13.8
KUCHING: China has reduced by double digits the imports of tropical and softwood logs in 2023, and paid much cheaper average prices for such logs from exporting countries. Log imports in 2023 totalled 38.03 million cubic metres (cu m) valued at about US$6.38 billion, down 13 per cent in volume
KUCHING: Vietnam’s forestry sector has achieved a significant milestone in 2023 with the sale for the first time 10.3 million forest carbon credits (10.3 million tonnes of CO2) through the World Bank for US$51.5 million. The figure was given by Vietnam’s Deputy Minister of Agriculture and Rural Development Nguyen Quoc
KUCHING: The United States of America (US) has cut imports of sawn tropical hardwood in 2023 by 29 per cent and hardwood plywood by 25 per cent from the imported volumes recorded in 2022. The import’s slowdown was also reported for wooden furniture which fell by 22 per cent to
KUCHING: Trading in wood products between China and Malaysia, which marks 50th anniversary of diplomatic relations this year, has seen a dramatic change in recent years. For the past 14 years, China had been Malaysia’s largest trading partner but recently the trade in wood products between the two countries has
KUCHING: Malaysia is a key supplier of wooden office furniture and wooden furniture parts to Japan. In October 2023, Malaysia exported 21,819 units of wooden office furniture (HS 940330) worth RM703,445 to Japan and was the second largest supplier of the product after China. China’s shipments of wooden office furniture
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
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