News about Sarawak

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.

Jessica said venturing into the peninsular is not on the table due to a saturated market, which is currently dominated by “big players”.

The project, under the Sarawak Rural Water Supply Department, is expected to be completed by April 9, 2027.

Citaglobal said the contracts are expected to contribute positively to its future earnings and net assets per share for the financial year ending Dec 31, 2024, (FY2024) until FY2026.

The average selling price of aluminium is expected to be supported by slow Indonesian expansion, demand from electric vehicles and solar farms, and the increase in US tariffs on Chinese aluminium imports to 25%, from 7%, the house said.

The value of the subcontract is more than four times Sunmow's current market capitalisation of RM232.