KUCHING: SMTrack Bhd will acquire a 60 percent stake in Dexma Express Sdn Bhd for RM2.8 million. Dexma, which specialises in sales of carriage by air services for both passenger and cargo, is the general sales agent for PT Citilink Indonesia under a partnership programme. Citilink is a low-cost brand
KUCHING: Property developer Ibraco Bhd plans to diversify and venture into private medical services. Ibraco has teamed up with BNDM Incorporated Holdings Sdn Bhd (BNDM) and incorporated a joint-venture company – NorthBank Specialist Hospital Sdn Bhd (NSH). Ibraco and BNDM each has a 50 percent equity interest in NSH,with an
KUCHING: Pansar Bhd’s issued share capital will balloon up to 693 million shares if its shareholders give their green light to the company’s proposed bonus issue during an extraordinary general meeting (EGM) on April 22 in Sibu. Pansar, controlled by the Tai family, has proposed a bonus issue of up
KUCHING: Sarawak exported logs and timber products with free on board (FOB) value of some RM793.7 million in the first two months of this year. During the period under review, the state shipped about 219,170 cu m of logs with FOB value of RM108.4 million to several overseas markets. In
KUCHING: Many Japanese floor manufacturers have shifted to domestic plywood from imported hardwood plywood for their production activities due to unstable supply of imported plywood. Domestic plywood and medium density fibreboard (MDF) used to produce composite floorings increased by 2.9 percent to more than 16.4 million square metres in 2018 from
KUCHING: Cahya Mata Sarawak Bhd (CMS) is increasingly sourcing scheduled wastes generated by the various industries in Sarawak as alternative raw materials or fuels currently used in its group’s clinker, cement and concrete productions. As Sarawak’s sole cement manufacturer, CMS said through the research and development (R&D) efforts of its
KUCHING: The recovery of the oil and gas (O&G) industry may give a lift to the industrial market in oil town Miri, which has been in the doldrums. The Miri’s industrial market is the only market which has been on the downside recently as other markets in the region are
KUCHING: Shin Yang Shipping Corporation Bhd (Syscorp) has exited ship repair and fabrication business in the Middle East. Its 90 percent-owned indirect subsidiary Shin Yang FZC (SYFZC) has disposed of its entire 45 percent equity interest comprising 450 shares in capital of Shin Yang Shipbuilding & Engineering RMC FZC (Sysbe)
KUCHING: Cahya Mata Sarawak Bhd (CMS) has come up with new types of cement products and high-performance concrete to support the state government’s infrastructure projects at lower cost. The Sarawak conglomerate is also involved in the development of concrete roads. A new cement product CMS launched last November is Portland
KUCHING: Quality Concrete Holdings Bhd has narrowed its losses, thanks to cost cutting measures for its ready mixed concrete business. For the financial year ended Jan 31, 2019 (FY2019), group’s pre-tax loss was reduced by RM3 million to RM10.5 million from RM13.5 million in FY2018 as revenue rose to RM124.7
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