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KUCHING: Log supply shortage is serious in both Malaysia and Indonesia, and this has forced some plywood mills to halt production.
Comment by Pankaj c. kumar
Late Friday last week, little known Pinehill Pacific Bhd (formerly known as Multi Vest Resources Bhd, which by the way was formerly known as Best World Land Bhd) surprised the market with the announcement that it was parting with nearly 9,000 acres of landbank and related plantation assets held via three subsidiary companies to United Plantations Bhd (UP) for a whopping sum of RM413.6mil.
KUCHING: Ta Ann Holdings Bhd is upbeat about the future prospects of its logging business following the recent certification of one of its timber concession areas under the Malaysian Timber Certification Scheme (MTCS).
MRCB-Quill REIT (MQREIT) reported revenue of RM44.7mil and normalised net profit of RM21.5mil in the fourth quarter of financial year 2017 (Q4’17). This brings 2017 revenue to RM180.1mil and normalised net profit to RM88.1mil.
PETALING JAYA: The move to suspend crude palm oil (CPO) export taxes for three months is positive for Malaysian planters as it will help boost exports of the commodity.
KUALA LUMPUR: CIMB Equities Research expects Felda Global Ventures Holdings (FGV), Hap Seng Plantations, Genting Plantations, Ta Ann and Jaya Tiasa to benefit from the suspension of export taxes on crude palm oil (CPO) for a three-month period from Jan 8 to April 7.