Sabah & Sarawak

BPHB passes 6 resolutions at 23rd AGM

The 23rd annual general meeting ( AGM) of Bintulu Port Holdings Bhd ( BPHB) on Monday saw six agenda tabled for shareholders’ approval. BPHB chief executive officer Datuk Mohammad Medan Abdullah said all six agenda were adopted as resolutions by the shareholders. He said among them were on the accounts and directors’ fees and benefits, and the re- election of directors by rotation pursuant to the company’s association, Koperkasa declares 10 pct dividend for 2018

Koperasi Koperkasa Sarawak Bhd ( Koperkasa) declared a dividend payout of 10 per cent of its profits for the year 2018 to all members of its cooperative.

This was approved during its 66th Annual General Meeting held towards the end of March this year. Sarawak- China trade at RM18.91 bln last year

Trade between Sarawak and China rose by16.8 per cent to RM18.91 billion last year, with exports from the state recording RM12.07 billion, and imports at RM6.8 billion. Sarawak’s major exports to China were Liquefied Natural Gas ( LNG), vegetable oils, electrical machinery, and apparatus. The imports were chemical products, coke, lignite, carbon, aluminium ore, base metals, and other commodities. Sabah to launch Agriculture Blueprint next month

The Sabah state government is expected to launch the Sabah Agriculture Blueprint in May. State Agriculture Department director Datuk Idrus Shafie said the blueprint was needed to develop Sabah’s agriculture sector in a comprehensive manner. Jesselton Birost, China firm eye RM16.5 bln JV project in Sabah

Jesselton Birost ( Sabah) Sdn Bhd plans to collaborate with a China-based company to build and operate a US$ 4 billion ( RM16.5 billion) bonded integrated refinery and oil storage terminal in Sipitang Oil and Gas Industrial Park, Sipitang.

T he lo c a l c omp a ny on Wednesday signed a memorandum of agreement with Zhejiang Zhou Shan Run Shin Energy Co Ltd in Shenzen, China, to become partners in the project, it said in a statement. Analysts neutral on Serba Dinamik’s plan to raise RM826 million to RM1 billion sukuk issuance

Serba Dinamik Holdings Bhd’s ( Serba Dinamik) plan to raise a sukuk issuance worth RM826 million to RM1 billion ( US$ 200 million to US$ 250million) for a tenure of three years to refinance its existing foreign loans and international projects has garnered neutral views from AmInvestment Bank Bhd (AmInvestment Bank).