Sabah & Sarawak

GREAT returns to support sabah entrepreneurs

Gathering of Rising Entrepreneurs, Act Together (GREAT) will be returning to Kota Kinabalu, Sabah for the second year, aiming to boost income growth by focusing on the agriculture, art and culture, social entrepreneurship, technology, tourism, as well as women in entrepreneurship areas.

Sabah forgoes natural resource revenue in order to protect environment

Sabah has taken a bold move to forgo substantial revenue from its natural resources, especially timber, in order to uphold its commitment towards environment protection. However, Sabah Chief Minister, Datuk Seri Musa Aman, said the step

fruitful when the state achieved 26 per cent of total protected areas (TPAs), or 1.87 billion hectares of greenery.

Timber exports to improve 5 pct this year

The export of Malaysian timber is expected to increase five per cent this year from RM21.86 billion in 2016, supported by demand from India, said Plantation Industries and Commodities Deputy Minister Datuk Datu Nasrun Datu Mansur. He said the export value of sawn timber, plywood and medium density fibreboard to India recorded an increase of more than 25 per cent last year compared to 2015.

Ibraco faces tepid near-term outlook

Ibraco Bhd’s (Ibraco) earnings in the near future is expected to remain tepid due to the lack of contributions from its latest and maiden KL project. However, Ibraco has plans to continue venturing out from Sarawak, targeting larger catchment areas namely Penang, Selangor, KL and Johor.

KUB enters Sabah to boost plantations landbank

KUB Malua Plantation Sdn Bhd, a wholly-owned subsidiary of KUB Malaysia Bhd, has entered into a conditional Sale and Purchase Agreement with Kwantas Plantations Sdn Bhd, a wholly-owned subsidiary of Kwantas Corporation Bhd, to acquire a brownfield oil palm plantation land in Sungai Kinabatangan, Sabah measuring approximately 1,534 hectares for a cash consideration of about RM100.44 million.

CMS Opus Private Equity undertakes several corporate moves to finetune investments

CMS Opus Private Equity (COPE) has had a busy first four months of 2017, successfully finalising a number of investment exits and undertaking of new strategic investments in growing consumer segments.

Sarawak to take lead in business events revolution

Sarawak is set to spearhead a revolution to rally all business events communities in Malaysia under the Redefining Global Tribes campaign in conjunction with the Global Meetings Industry Day 2017 celebrated earlier this month.