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PETALING JAYA: The fate of financially-distressed Singapore shipping company Otto Marine Ltd, which is owned by Malaysian tycoon Datuk Seri Yaw Chee Siew, is in the hands of Barakah Offshore Petroleum Bhd. Sources said Otto Marine was banking on getting contracts from Barakah to resuscitate its business which is on the verge of collapse.
KUALA LUMPUR: Samling Group, the Malaysian timber giant, is planning an initial public offering of its automotive operations that could raise more than RM1bil, people with knowledge of the matter said.
KUALA LUMPUR: Japan will use certified timber from Malaysia in the construction of a new stadium that will play host to the 2020 Tokyo Olympics, says Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.
KAMPONG SPEU PROVINCE, Cambodia (Thomson Reuters Foundation) - Like spots on a leopard's hide, small wooden houses and tiny fenced plots dot the sprawling Grandis Timber teak plantation in western Cambodia.
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.