Author: Alvin Tang

KUCHING: Reservoir Link Energy Bhd (RLEB) has proposed a private placement that has the potential to raise up to RM12.1 million. The proposed fundraising exercise entails the placement of up to about 37.8 million new ordinary shares, representing up to approximately 10 per cent of the company’s total number of

KUCHING: Reservoir Link Sdn Bhd (RLSB) plans to acquire a 30 per cent stake in Propel Maxflo Sdn Bhd for RM7.39 million in cash. The wholly owned subsidiary of Reservoir Link Energy Bhd (RLEB) executed a binding term sheet recently with Propel Oilfield for the proposed acquisition of 545,044 ordinary

KUCHING: The global timber market has reported encouraging development last month, with positive signs of a turnaround seen in several countries. Global Timber Index (GTI) pilot countries, including Thailand and Ghana, have reported growth for February 2025. “The GTI for Thailand stood at 47.1 per cent, with harvesting, production, and

KUCHING: Dayang Enterprise Holdings Bhd’s wholly-owned subsidiary, DESB Marine Services Sdn Bhd, has been awarded two contracts for the supply of accommodation workboats to the Hibiscus group. The first contract involves the provision of one accommodation workboat to Hibiscus Oil & Gas Malaysia Limited for approximately 30 days. The vessel

KUCHING: SCIB Properties Sdn Bhd (SCIBP), an indirect subsidiary of Sarawak Consolidated Industries Bhd (SCIB), has terminated a RM30.75 million contract for an integrated smart lamp pole replacement project in Kuala Lumpur. The contract, awarded by Ennova Sdn Bhd on June 7, 2022, covered engineering, procurement, construction, and commissioning (EPCC)

KUCHING: Press Metal Aluminium Holdings Bhd has completed its fifth issuance of Sukuk Wakalah under its Sukuk Programme, with a total nominal value of RM1.5 billion. The latest issuance, announced in a filing with Bursa Malaysia, includes tenures of seven, 10, and 15 years. Press Metal, Southeast Asia’s largest integrated

KUCHING: The High Court here has granted Hong Leong Bank Bhd’s summary judgment application against Universal Cable (Sarawak) Sdn Bhd, a subsidiary of Sarawak Cable Bhd (SCB), over outstanding loans. Universal Cable was ordered to pay RM5,000 in costs to Hong Leong Bank following the ruling on March 13. Hong

KUCHING: Perdana Petroleum Bhd’s (PPB) wholly owned subsidiary, Perdana Nautika Sdn Bhd (PNSB), has accepted a work order from Sarawak Shell Bhd for the charter of two accommodation work barges. The charter is in accordance with the provisions under the Panel Contractor Contract (PCC) for offshore support vessel services for

KUCHING: Interest in Malaysia’s digital insurance and takaful sector is surging, with Bank Negara Malaysia (BNM) reporting a strong response just three months into its two-year licensing window for Digital Insurers and Takaful Operators (DITO). In a statement, consultations with potential applicants are underway, while the application period remains open

KUCHING: SCIB Properties Sdn Bhd (SCIBP) has filed a lawsuit against Awana JV Suria Saga Sdn Bhd to recover RM19.72 million in outstanding payments. In a Bursa Malaysia filing, SCIBP, a subsidiary of Sarawak Consolidated Industries Bhd (SCIB), said it initiated legal action on March 7, 2025.  The claim includes