
Sabah Softwoods pays RM70 million dividend
Published on: Thursday, May 15, 2025
Published on: Thu, May 15, 2025 Text Size: Hajiji receives a replica dividend cheque from Mohd Arsad. - Pic by CMD KOTA KINABALU: Sabah Softwoods Berhad paid RM70 million dividend for the year 2024 to its main shareholder, Innoprise Corporation Sdn Bhd, the investment arm of Yayasan Sabah. The cheque replica was presented by Sabah Softwoods Chairman Datuk Mohd Arsad Bestari to Chief Minister Datuk Seri Hajiji Noor who is also chairman of Yayasan Sabah Board of Trustees at Menara Kinabalu near here today.
Advertisement Also present were Yayasan Sabah Director Datuk Ghulamhaidar Khan Bahadar, Innoprise Corporation Sdn Bhd Executive Chairman Datuk Jasnih Daya, Sabah Softwoods Berhad Chief Executive Officer, Datuk Haji Mohd Daud Tampokong and members of Sabah Softwoods Board of Directors. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Daily Express
7 hours ago
- Daily Express
Minister visits Sepanggar Port after industry feedback
Published on: Wednesday, June 11, 2025 Published on: Wed, Jun 11, 2025 Text Size: KOTA KINABALU: Industrial and Entrepreneur Development Minister Datuk Phoong Jin Zhe ( pic ) has taken proactive steps to address congestion and operational concerns raised by logistics and transportation stakeholders at Sepanggar Port. Phoong conducted a follow-up visit to the port and met directly with operator DP World after receiving feedback from key associations including SABFFLA, PPLKKK, and FMM Sabah. Advertisement He was briefed on improvements, including the deployment of three new Rubber Tyred Gantry cranes, which have helped reduce berthing waiting times and improved wharfside operations. Despite these gains, congestion persists at the entrance and container yard due to a spike in export volume, with TEU growth reaching 11 per cent year-on-year as of May this year. DP World is set to roll out a Vehicle Booking System (VBS) in July to ease lorry traffic and reduce queuing times, while the Sepanggar Port expansion remains on schedule for completion by Q3 2026. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia


Daily Express
10 hours ago
- Daily Express
KTC to build RM100 million industrial park at KKIP
Published on: Wednesday, June 11, 2025 Published on: Wed, Jun 11, 2025 Text Size: KOTA KINABALU: Kim Teck Cheong Consolidated Berhad (KTC) has acquired RM40 million worth of land at Kota Kinabalu Industrial Park to develop its largest integrated operations, logistics, and manufacturing hub. The KTC Industrial Park will expand the company's operational base by 40 per cent and is projected to boost annual revenue to between RM1.5 billion and RM1.6 billion. Advertisement KTC Executive Director Datuk Dexter Lau (pic) said the development will enhance warehousing, transportation, and supply chain infrastructure to serve markets in Sabah, Sarawak, Brunei, and Indonesia. Construction of the RM100 million project will begin soon, with 500 new jobs expected, prioritising employment for locals from underprivileged backgrounds. Lau also announced a RM10 million investment in Sarawak and confirmed KTC has surpassed RM1 billion in revenue, aiming to grow its East Malaysia business by 50 per cent in the next three years. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia


Daily Express
12 hours ago
- Daily Express
No electricity surcharge for Sabah, Labuan users from July to December
Published on: Wednesday, June 11, 2025 Published on: Wed, Jun 11, 2025 Text Size: For illustrative purposes only. KOTA KINABALU: All electricity users in Sabah and Labuan will not be subjected to any surcharge from July to December this year. The State Government has approved the implementation of the Imbalance Cost Pass-Through (ICPT) mechanism for the second half of 2025. Advertisement This decision was made as power generation costs remain manageable, eliminating the need for targeted surcharges imposed in previous periods. The ICPT, part of the Incentive-Based Regulation (IBR) framework, allows for biannual tariff reviews based on actual generation costs compared to projected figures under the approved Regulatory Period. The move will benefit all consumers, including those under public distribution licensees, ensuring no increase in electricity bills during the six months. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia