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Shipping firm says dry bulk business outlook promising

KUCHING: Shipping firm Hubline Bhd has met the expectation of its dry bulk shipping business which it is now concentrating on after exiting the container shipping business, according to its chairman, Richard Wee Liang Chiat.



SMEBiz news in brief.


Sarawak company says Sumatra power project ready by June

KUCHING: Installation of turbine is currently under way for Sarawak Cable Bhd’s (SCB) first 10MW hydro power plant project in north Sumatra, Indonesia.


Cables maker proposes share issue to repay borrowings

KUCHING: Power and telecommunication cables manufacturer Sarawak Cable Bhd (SCB) is expected to raise some RM53.9mil from a proposed private placement to par down its borrowings.


Losses in vessel sales hit Syscorp earnings

KUCHING: A substantial loss in the disposal of cargo vessels has hurt Shin Yang Shipping Corp Bhd (Syscorp) earnings despite improved profit margins from the group’s shipping operations as a result of global reduction in bunker price.


Ibraco to sell shophouses in related party move

KUCHING: Ibraco Bhd will sell commerical properties under construction at its flagship development - Tabuan Tranquility - here for RM3.14mil under a related party transaction.