Sunday, October 30, 2011

250,000 hectares of rubber plantation in Sarawak by 2020 - Datuk Patinggi Tan Sri Alfred Jabu

250,000ha for rubber by 2020

MIRI: The government has proposed to expand rubber plantation area to 250,000 hectares by 2020 which will benefit as well as improve the living standard of more than 350,000 rural residents in the state.

This was disclosed by Deputy Chief Minister DatukPatinggi Tan Sri Alfred Jabu Numpang who is also Minister for the Modernisation of Agriculture and Rural Development when officiating at the NKEA (National Key Economic Area) Rubber Lab at a leading hotel here yesterday.

Sunday, October 23, 2011

Dayang Enteprise Bhd/Perdana Petroleum Bhd tie up can possibly lead to Petra Energy/Dayang Duopoly


Possible tie-up to forge brighter future for Dayang

Posted on October 6, 2011, Thursday

SOARING AHEAD: Photo shows Dayang Pertama, Dayang’s work and maintenance vessel, performing its purpose. Dayang’s future appears to be bright as reports of a possible acquisition of Perdana Petroleum’s shares surfaced over the weekend, indicating a possibly lucrative future business expansion plan.
KUCHING: Dayang Enterprise Holdings Bhd’s (Dayang) future appears to be bright as reports of a possible acquisition of Perdana Petroleum Bhd’s (Perdana Petro­leum) shares surfaced over the weekend, indicating a possibly lucrative future business expan­sion plan.
OSK Research Sdn Bhd (OSK Research) stated in its research report that mergers and acquisi­tions for Dayang had been within its expectations.
“We had previously highlighted in our reports that Dayang was cash-rich, with net cash of RM131.9 million as at June 2011, signifying a healthy and stable recurring in­come business for the company.

Friday, October 14, 2011

Sarawak is 20% of Malaysian GDP - Oxford Business Group

Sarawak a leading example of Asean’s growth potential

by Ronnie Teo

INVESTOR GUIDELINE: Taib looks at a copy of The Report: Sarawak 2011 after the launch as Kucinas (left) looks on. This is OBG’s second report on the state, encompassing a sector-by-sector guide for investors, alongside interviews with political, economic and business leaders.
KUCHING: Sarawak is well on its way to developing its economy as foreign businesses and investors look to the state for investment opportunities.
According to Oxford Business Group’s (OBG) regional editor, Paulius Kucinas, Sarawak remained an attractive destination for capital investments as it rode on the structural rise for commodities worldwide.
This was said during the launch of The Report: Sarawak 2011, which provides in-depth detail on Sarawak’ current economic outlook and what the future holds for the state.
According to Kucinas in his opening remark, the new report described the pivotal juncture that Sarawak has reached as it prepared itself for faster economic growth by encouraging the private sector to get involved in major infrastructure developments.
“We are conscious of the fact that the global competition for capital and economic advantages is getting more intense every year as more countries and regions emerge onto the world stage, offering constant advantages, market access and new investment opportunities,” he noted.
“At the same time, we firmly believe that the current global economic cycle favours the Asean region which has emerged as a new safe haven for international investors and multinational companies. In this region, Sarawak stands out as a leading example of Asean’s growth potential,” Kucinas affirmed.
The regional editor underscored signs showing Sarawak’s economy expanding exponentially, from just RM527 million back in 1963 to RM50 billion by the end of 2010.
“Today, Sarawak’s economy accounts for nearly 20 per cent of Malaysia’s total GDP (gross domestic product),” said Kucinas. “The state is blessed with natural resources that underpin its economic growth fundamentals.
“The proceeds from hydrocarbons, crude palm oil, agriculture and timber will continue to ensure strength in both public and private sector balance sheets,” he added.
“While credit expansion will naturally increase its debt to GDP ratio once large development projects get underway we think Sarawak has plenty of room for manoeuvre. Its domestic banking sector faces none of the constraints which we nowadays see in the Europe and United States.”
The challenge going forward, Kucinas highlighted, would be to improve the productivity on existing sectors and capture higher value-add by going further downstream in resource-based industries while also diversifying the economy into new areas of economic activities.
The report was launched yesterday by the Chief Minister of Sarawak, Pehin Sri Abdul Taib Mahmud. It is the group’s second report on the state, encompassing a sector-by-sector guide for investors, alongside interviews with political, economic and business leaders. It also provides case studies of successful business models while candidly discussing the challenged being faced in today’s marketplace.

Risda gets RM53mil grant from Pemandu to develop NR smallholders in Sarawak

SIBU, Sept 30 (Bernama) The Performance Management and Delivery Unit (PEMANDU) in the Prime Minister's Department has allocated RM53 million in grant for the Rubber Industry Smallholders Development Authority (Risda) to develop rubber smallholdings in Sarawak next year.

Saturday, October 8, 2011

Datuk Bustari-owned Petra Energy increases vessels and lobbying power

Petra Energy to acquire more marine vessel

BINTULU: Petra Energy Bhd is looking at buying more work barges, work boats and supply vessels to support its increasing role in the offshore brown field work particularly in the oil and gas hubs in Sabah and Sarawak.
Executive director and chief operating officer Ahmadi Yusoff (younger brother of Datuk Bustari Yusuf) said the proposed aquisitions would be premised on a right mix of vessel portfolio and growing opportunities in offshore oil and gas operations.

Saturday, October 1, 2011

Alam Maritim begins to corner the offshore support vessel contracts for oil and gas

More in the bag for Alam Maritim

by Jasmine Chin, jasminechin@theborneopost. Posted on September 22, 2011, Thursday

SMOOTH SAILING: The photo captures one of Alam Maritim’s offshore support vessels. Its recent RM22.1 million contract award demonstrates its ability in attracting further long-term contracts.
KUCHING: With the recent provision of one straight vessel awarded to Alam Maritim Resources Bhd (Alam Maritim), the group has it eyes on more projects going forward.
To recap, the group announced that 100 per cent subsidiary, Alam Maritim (M) Sdn Bhd had received a letter of award from a local oil and gas company for the provision of one straight vessel for RM22.1 million.