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Plywood prices likely to go up, Malaysians firms to gain
KUCHING: The prices of Malaysian plywood products in the Japanese market are expected to increase if the yen remains weak, according to an International Tropical Timber Organisation (ITTO) report.
Another year of weak log production seen for Jaya Tiasa
Petaling Jaya: Malaysia’s leading integrated timber producer, Jaya Tiasa Holdings Bhd, is facing another year of weak log production after the Sarawak Forestry Department tightened regulations by limiting harvesting.
Lower log output a concern
KUCHING: Shrinking log production has hurt the bottomline of most Sarawak-based timber companies. Their production may be further curtailed going forward due to the requirement to comply with strict rules related to timber/forest certification and sustainable forest management.
MoU signed to provide students industrial experience, exposure
SIBU: University College of Technology Sarawak (UCTS) and Rimbunan Hijau Group of Companies have established a collaboration in the area of human capital development of the country under the university’s Corporate Talent Development Scheme.
Jaya Tiasa, Ta Ann to gain from weak ringgit
PETALING JAYA: Sarawak-based Jaya Tiasa Holdings Bhd and Ta Ann Holdings Bhd will benefit from the weakening ringgit stemming from the UK’s decision to leave the European Union, according to a research firm.
AmInvestment: Jaya Tiasa, Ta Ann benefit from weak ringgit after Brexit
KUALA LUMPUR: AmInvestment Research is maintaining its Overweight stance on the timber sector, with Buy calls for Jaya Tiasa Holdings (fiar value of RM2.18 a share) and Ta Ann Holdings (fair value RM3.88).
Running to help needy students
SIBU: Some 400 people will be participating in Pilley Heritage Run 2016 to help raise scholarship funds for needy students to pursue their tertiary education at Methodist Pilley Institute.
Sarawak stocks to rebound?
KUALA LUMPUR: Sarawak stocks, which have dipped over the past month, could rebound today following the landslide victory in the 11th Sarawak Election, according to AmInvestment Bank.
