Steve Ng-controlled Merdeka Mall to change face of retail business in Kuching

KUCHING: In the pursuit of creating more retail spaces, taking more risks could be the recipe to long-term success.
Unknown to many, most high-end malls nationwide operate based on a rent-only model. Lots are not sold for quick profit or to aid construction cash flow.
Having a rent-only mall — or one that has significantly fewer sold lots — means the mall’s management would have greater say from simple things like operating hours to important “pull” factors like tenancy mix.

New landmark: An artist’s impression of Plaza Merdeka.

Firefly offers better service with Direct Debit convenience for aviation consumers

 

Dennis Ling-controlled Hubline Bhd to double fleet

Ling: ‘The Sarawak economy is still quite vibrant.'KUCHING: Hubline Bhd has more than doubled its fleet of vessels servicing the routes between Sarawak, Sabah, Brunei and Peninsular Malaysia due to a stronger demand for cargo transportation.
Chief executive officer Dennis Ling said the company now deployed a fleet of nine vessels to serve ports in east Malaysia, Brunei and the peninsula compared with four in March.

 

Dato Sri Abu Bekir-owned Sarawak Cable inks deal for Sarwaja

KUALA LUMPUR: Sarawak Cable Bhd has entered into a share sale agreement with Austin Corp (Malaysia) Sdn Bhd for the proposed acquisition of the remaining 25% equity in Sarwaja Timur Sdn Bhd (STSB) it does not already own for RM11.02mil, to be satisfied via the issuance of 5.2 million new shares of 50 sen each in Sarawak Cable at an issue price of RM2.12.

Proxy companies likely to profit from SCORE development

West Malaysian company gets Sarawak oil field development project from Petronas

Posted on August 18, 2011, Thursday

CONTRACT INKED: The contractor group comprises of Dialog, Roc Oil and Petronas Carigali through a SFRSC with Petronas. Analysts say this will enhance Dialog’s exposure in the upstream industry, Petronas Carigali will assist in knowledge sharing and smoothen the consortium’s learning curve and the two tier development phase will ensure the viability of the field which reduces execution risks.

S’wak Cable to see high profits with SCORE projects

More profits for Hock Seng Lee

Posted on August 26, 2011, Friday

KUCHING: Well connected marine engineering  Hock Seng Lee Bhd (HSL) has reported a strong performance for its first half of 2011.
HSL’s financial results for the six months to June 30, saw net profit before tax rising 22 per cent against the first half of 2010, from RM42.18 million to RM51.48 million.

Giant Hypermall another money machine for Ibraco

by Irene C reporters@theborneopost.com. Posted on August 26, 2011, Friday

PROUD DEVELOPER: Liew (left) and Chai (right) posing with Ibraco staff at the Ibraco booth during the opening. Chai says the group is in the midst of completing 76 units of shoplots located next to Giant Hypermall which have been fully sold out.

CMS records robust overall performance

Posted on August 27, 2011, Saturday

Sarawak Oil Palm’s huge plantations boost Shin Yang Group profits

Posted on August 27, 2011, Saturday

KUCHING: Sarawak Oil Palm Bhd (SOPB) recorded a strong quarter earnings of RM123.9 million on the back of stronger palm oil prices and higher sales volume.