Sabah & Sarawak
Sabah’s ASB plans to expand into LNG segment
Sabah government- linked company, Asian Supply Base Sdn Bhd (ASB), is planning to venture into the liquefied natural gas ( LNG) segment, said chief executive officer Datuk Harris Annuar Tan. He said the Labuan- based company had been in the oil and gas industry for 35 years, adding that the company planned to expand its repertoire to include a LNG receiving port.
HSL wins four-star rating for another year
For the seventh consecutive year, Hock Seng Lee Bhd ( HSL) has won a four-star rating from the Construction Industry Development Board. The company has set a new record for itself, and remains ONE OF the only construction specialists from Sarawak to win the top rating every year since 2013. It is the only company to achieve four stars this year.
Labuan Fsa, Cbirc inks MoU for greater regulatory collaboration
The Labuan Financial Services Authority ( Labuan FSA) and China Banking and Insurance Regulatory Commission (CBIRC) have signed a memorandum of understanding ( MoU) to foster greater cooperation in fields of regulatory and supervisory. The MoU was signed by Labuan FSA director general Danial Mah Abdullah and CBIRC vice chairman Wang Zhaoxing in Beijing, China on Wednesday.
‘Any possible change to PDP minimal to existing contractors’
Any potential change in project delivery partners (PDP) for the Pan Borneo Highway will have minimal impact to the existing work package contractors for Pan Borneo Sarawak as most of the work packages have been awarded and are progressing well. According to the research team at Kenanga Investment Bank Bhd ( Kenanga Research), with details still scarce, Kenanga Research believed that the changes could further impact the timeline for Pan Borneo Sabah as some of the work packages have not been awarded yet.
Sandakan can benefit from BIMP-EAGA initiatives
Sandakan, located strategically for transshipment and logistics activities on Sabah’s east coast, could benefit from the Brunei, Indonesia, Malaysia and Philippines East Asia Growth Area’s ( BIMP-EAGA) trade initiatives. Sandakan Municipal Council President Datuk Peter Hii said last night that with facilities like an airport and the Sandakan Port, the district had the potential to accommodate trade, tourism and barter-trade activities.
Wah Seong to distribute construction equipment in East Malaysia
Wah Seong Corporation Bhd’s ( Wah Seong) indirect subsidiary, WDG Resources
Sdn Bhd ( WDG) has been made the exclusive distributor for South Korea’s Doosan Infracore Co Ltd( Doosan) construction equipment throughout Malaysia, paving the way for the company to tap vast business opportunities in East Malaysia.