Sabah & Sarawak

Tricor bolsters Labuan offering with acquisition of CP Trust

Tricor Group ( Tricor), Asia’s leading provider of integrated business, corporate, investor, human resources and payroll, corporate trust and debt services, has acquired CP TRUST Co Ltd ( CP Trust), a leading provider of trust company services in the Labuan Int ernat iona l Business and Financial Centre ( Labuan IBFC).

DPI garners strong support for IPO investor roadshow

Nearly 300 of Kuching’s prominent businessmen and government representatives showed their ardent support for the investor roadshow of DPI Holdings Bhd ( DPI) in conjunction with DPI Holdings’ IPO on the ACE Market of Bursa Malaysia Secur it ies Bhd ( Bursa Malaysia).

Hibiscus Petroleum plans FY19 capex of RM190 mln

Oil and gas exploration and production company, Hibiscus Petroleum Bhd, plans to allocate capital expenditure (capex) of about RM190 million for the financial year ending June 30, 2019 ( FY19), for its oil and gas fields in north Sabah and the North Sea Anasuria Cluster.

Deci sion to li f t rice transshipment a boon to ports

The Labuan Chamber of Malay Entrepreneurs ( DUML) has commended the Ministry of Agriculture and Agrobased Industry’s ( MOA) decision to lift the ban on rice transshipment activities at all ports nationwide, describing it as a boon to ports.

Areca Capital opens Kuching branch

Areca Capital Sdn Bhd (Areca Capital) strengthened its branch footprint in East Malaysia with the opening of its Kuching Branch, as part of the company’s long-term plan to meet the increasing demand for asset and wealth management solutions, especially from high net worth individuals.

Sarawak Shell recognised for excellent lean management practices

Sarawak Shell Bhd ( SSB) was recently awarded the prest i g ious Mal aysi an Productivity Corporation ( MPC) Nat iona l Gold Certification in Kuala Lumpur for excellent practices in the area of Lean Management by the Ministry of International Trade & Industry ( MITI) Malaysia.