Author: Alvin Tang

KUCHING: Sarawak Consolidated Industries Bhd (SCIB) will settle its debts of about RM11.3 million with a hardware company via the issuance of nearly 18.5 million new ordinary shares. Wholly-owned subsidiary SCIB Properties Sdn Bhd owes Goh Hardware & Construction Sdn Bhd about RM11.3 million. On Nov 30, 2023, SCIB Properties

KUCHING: Pansar Bhd’s wholly-owned subsidiary Perbena Emas Sdn Bhd has secured a road contract worth RM107.5 million in Sarawak. The construction arm of Pansar has received a letter of acceptance from Sarawak Public Works Department for the proposed construction and completion of Sarawak Coastal Road remaining works for ‘Package D2A:

KUCHING: Syarikat SESCO Bhd is seeking relief of more than RM81 million against Cahya Mata Sarawak Bhd (CMSB) and over RM30 million against Malaysian Phosphate Additives (Sarawak) Sdn Bhd (MPA) under a notice of arbitration served on the two companies. According to Cahya Mata, SESCO had, through their advocates, filed

KUCHING: The lower selling price of silicon metal, coupled with higher operating costs, have significantly eroded the earnings of PMB Technology Bhd (PMBTech) this year. In third quarter to Sept 30, 2023 (3Q2023), PMBTech saw its group net profit plunged to RM1.64 million from about RM17 million in 3Q2022 as

KUCHING: Petra Energy Bhd has delivered remarkable earnings in the first nine months of 2023 (9M2023), with group net profit surging to RM26.8 million from RM5.1 million in 9M2022 as revenue shot up to RM415.3 million from RM260.3 million. The earnings growth was contributed by both the services segment and

KUCHING: Ibraco Bhd has launched new major commercial and residential projects in its flagship development — The NorthBank — here.  “We have successfully launched another commercial development comprising 3-storey shops, single storey lock-up and 8-storey commercial blocks known as NorthBank Commercial Centre. “Also (launched) is Corliss Residence comprising 330 units

KUCHING: Ocean Vantage Holdings Bhd (OVH) has zoomed in on Sarawak and Sabah to bid for projects in the oil & gas industry. The company said it continues to participate in various tenders, both onshore and offshore projects, focusing on East  Malaysia where most of the upcoming high-profile and high value

KUCHING: Indonesian timber companies are faced with transportation woes to bring their logs to the market using river channels due to the extreme dry season. “The lowering of river water levels due to the extreme dry season posed a problem because it made it difficult to transport logs when some

KUCHING: Dayang Enterprise Holdings Bhd has chalked up robust earnings with group net profit surged to about RM76.4 million in third quarter ended Sept 30, 2023 (3Q2023) from RM52.9 million in 3Q2022 or an increase of RM23.5 mil. The higher utilisation of offshore support vessels (OSVs), coupled with increased work

KUCHING: Reservoir Link Energy Bhd (RLEB) has recorded earning growth, with group net profit surging to RM1.22 million in the first quarter to Sept 30, 2023 (1Q2023) from RM428,000 in 1Q2022 on expanded revenue. Group turnover jumped to RM67.7 million from RM42.4 million during the same period. Earnings per share