Cahya Mata Sarawak 1Q net profit down 10%
But the declines in topline contribution were offset by higher year-on-year revenue across the group’s other segments, led by the road maintenance and property development divisions.
Sarawak Consolidated bags revised contract of RM162m for PR1MA housing project
Under the revised contract, SIBS is required to deliver 632 residential units in Sering district within a 36-month period, followed by a 24-month defect liability period upon issuance of a certificate of completion and compliance for each section.
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SCIB’s RM97.75m contract with Landasan Kapital falls through
It said both parties have mutually agreed to terminate the contract, resulting in an unconditional release and indefinite discharge of all claims, liens, and obligations related to the project works.
Cahya Mata Sarawak 4Q net profit up 71% as cement business returns to profitability
For the full year, CMS’ net profit more than halved to RM115.
SCIB buys land for RM21.6 mil for capacity expansion
The five plots of land are located some 15km from Kuching City Centre.
SCIB in talks for potential land buy, capacity expansion as shares hit limit down for second day
SCIB's managing director Ku Chong Hong said the company does not have any influence over its share price movements and is not aware of any specific reasons for the recent trading activity.
SCIB enters into MOU to develop residential project in Bintulu
The group’s wholly owned subsidiary SCIB Properties Sdn Bhd inked the MOU with Kemena City Development Sdn Bhd and Smart Borneo Properties Sdn Bhd.
Abang Jo’s son Abang Abdillah resigns as SCIB executive chairman; Zaini Jass named new non-executive chairman
Separately, SCIB announced a slew of changes in its boardroom, including the resignation of independent and non-executive directors Shamsul Anuar Ahamad Ibrahim and Toh Beng Suan, to be replaced by Datuk Tan Bok Koon (independent and non-executive director) and Chiew Jong Wei (executive director).
Sarawak plans undersea power transmission to the peninsula and Singapore
Sarawak Premier Tan Sri Abang Johari Tun Openg said the state has already started discussions with Singapore and the Federal Government for the undersea transmission line but did not provide a timeline for its commencement as it is still building its renewable energy (RE) capacity.
