News about Sarawak

Phase 1 of the highway—covering three sections in Limbang (44.

In a filing with Bursa Malaysia on Thursday, Rimbunan Sawit said it had entered into a rescission agreement with LHSB to mutually terminate the JV agreement signed in April 2001.

The land, valued at RM113 million, is being bought below market price.

Its property development business turned to loss in absence of a land sale profit last year, while its investment segment profit also shrank.

BPMB said the financing was evaluated using its Measuring Impact on National Development framework, which checks alignment with the 12th Malaysia Plan and ESG goals.

The action comes two weeks after Abu Bekir himself sued Cahya Mata for allegedly being denied access to the company’s accounts despite his position as a director.

Deputy chairman Datuk Seri Mahmud Abu Bekir Taib filed the suit at the High Court in Kuching.

EXAL Group has joined forces with Solarvest to integrate cutting-edge rooftop solar PV systems and green EV charging infrastructures into their developments.

The approval from Bursa Malaysia comes at a time when “we are ready to take advantage of the vast development opportunities in Malaysia’s construction industry especially in Sarawak”, the construction firm said in a statement.

For the fourth quarter ended Dec 31, 2024 (4QFY2024), the group’s net profit soared 85.