News about Sarawak

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.

Its property development segment had returned to black, with an operating profit of RM18.

Additionally, SCIB is seeking a court order to compel Awana to discharge SCIB as the corporate guarantor for the loan facility within 30 days from the date of judgment.

“By reason of the breach of the master agreement by Vienna Advantage, Cahya Mata IT has suffered losses and damages.

Following the lapse of the SA, SCIB said Awana must acknowledge a total indebtedness of RM19.

Shareholders of the JV company, Isthmus Developments Sdn Bhd, mutually decided to abort the project as it is "no longer desired by the shareholders", CMSB said in a bourse filing on Tuesday.

The construction and property development firm's wholly owned unit QC Construction & Engineering Sdn Bhd accepted the contract from LCDA Real Estate Sdn Bhd, according to the Kuching-based company’s bourse filing on Wednesday.

Among the resolutions to be tabled is the re-election of its six directors: Ku Chong Hong, Dang Nguk Ling, Datuk Seri Zaini Jass, Datuk Tan Bok Koon, Yak Boon Tiong, and Chiew Jong Wei.

The Sarawak Land Code is a vital tool in managing land in Sarawak, balancing the demands of development with the preservation of indigenous rights.