Latest news with #RM888.47
Daily Express
22-04-2025
- Business
- Daily Express
Bintulu, Samalaju ports to be CCS-enabled hubs
Published on: Tuesday, April 22, 2025 Published on: Tue, Apr 22, 2025 By: Bernama Text Size: KUCHING: Bintulu Port Holdings Bhd (BPHB) is advancing the establishment of a carbon capture and storage (CCS) infrastructure at Bintulu Port and Samalaju Industrial Port as part of its long-term sustainability strategy. BPHB said these CCS-enabled port hubs will be integral to Malaysia's decarbonisation roadmap, positioning BPHB as a key enabler in regional carbon management and sustainable energy logistics. 'BPHB remains steadfast in delivering strategic value across its core business pillars—enhancing infrastructure, accelerating digital transformation and solidifying its role as a progressive enabler in carbon management and sustainable energy solutions,' it said in a statement Monday. BPHB is also moving forward with initiatives to operationalise free zone areas at both ports to unlock new investment opportunities and enhance trade facilitation. 'Upgrades to the Bintulu International Container Terminal are also underway to align with international standards in efficiency, agility and sustainability,' said the statement issued to coincide with the company's 29th annual general meeting (AGM). BPHB said the Borneo Oil and Gas Supply Base project remains a cornerstone of the group's ambition to position Sarawak as a regional hub for offshore energy logistics and support Malaysia's energy ecosystem with integrated, future-ready logistics solutions. At the AGM, BPHB declared a dividend of RM69.0 million (15 sen per share), which it said was a balanced capital management approach that provides shareholder returns while supporting reinvestment for future growth. The shareholders were also told at the meeting that for last year, BPHB had achieved several all-time high operational milestones, with its total group revenue rising by 8.13 per cent to RM888.47 million, reflecting its robust performance and disciplined operational management. The achievements last year included a total cargo throughput of 51.94 million tonnes, setting a new performance benchmark, and vessel traffic reaching a record 8,026 calls, further reinforcing Bintulu Port's position as a critical maritime logistics hub in the region. 'These results highlight BPHB's ability to navigate dynamic operating conditions while delivering tangible value through operational excellence and strategic focus,' the statement added. * 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
New Straits Times
21-04-2025
- Business
- New Straits Times
BPHB on course to make Bintulu, Samalaju Industrial Ports CCS-enabled hubs
KUCHING: Bintulu Port Holdings Bhd (BPHB) is advancing the establishment of a carbon capture and storage (CCS) infrastructure at Bintulu Port and Samalaju Industrial Port as part of its long-term sustainability strategy. BPHB said these CCS-enabled port hubs will be integral to Malaysia's decarbonisation roadmap, positioning BPHB as a key enabler in regional carbon management and sustainable energy logistics. "BPHB remains steadfast in delivering strategic value across its core business pillars -- enhancing infrastructure, accelerating digital transformation and solidifying its role as a progressive enabler in carbon management and sustainable energy solutions," it said in a statement today. BPHB is also moving forward with initiatives to operationalise free zone areas at both ports to unlock new investment opportunities and enhance trade facilitation. "Upgrades to the Bintulu International Container Terminal are also underway to align with international standards in efficiency, agility and sustainability," said the statement issued to coincide with the company's 29th annual general meeting (AGM). BPHB said the Borneo Oil and Gas Supply Base project remains a cornerstone of the group's ambition to position Sarawak as a regional hub for offshore energy logistics and support Malaysia's energy ecosystem with integrated, future-ready logistics solutions. At the AGM, BPHB declared a dividend of RM69.0 million (15 sen per share), which it said was a balanced capital management approach that provides shareholder returns while supporting reinvestment for future growth. The shareholders were also told at the meeting that for last year, BPHB had achieved several all-time high operational milestones, with its total group revenue rising by 8.13 per cent to RM888.47 million, reflecting its robust performance and disciplined operational management. The achievements last year included a total cargo throughput of 51.94 million tonnes, setting a new performance benchmark, and vessel traffic reaching a record 8,026 calls, further reinforcing Bintulu Port's position as a critical maritime logistics hub in the region. "These results highlight BPHB's ability to navigate dynamic operating conditions while delivering tangible value through operational excellence and strategic focus," the statement added.
Barnama
21-04-2025
- Business
- Barnama
BPHB On Course To Make Bintulu, Samalaju Industrial Ports CCS-enabled Hubs
REGION - SARAWAK > NEWS KUCHING, April 21 (Bernama) -- Bintulu Port Holdings Bhd (BPHB) is advancing the establishment of a carbon capture and storage (CCS) infrastructure at Bintulu Port and Samalaju Industrial Port as part of its long-term sustainability strategy. BPHB said these CCS-enabled port hubs will be integral to Malaysia's decarbonisation roadmap, positioning BPHB as a key enabler in regional carbon management and sustainable energy logistics. 'BPHB remains steadfast in delivering strategic value across its core business pillars -- enhancing infrastructure, accelerating digital transformation and solidifying its role as a progressive enabler in carbon management and sustainable energy solutions,' it said in a statement today. bootstrap slideshow BPHB is also moving forward with initiatives to operationalise free zone areas at both ports to unlock new investment opportunities and enhance trade facilitation. 'Upgrades to the Bintulu International Container Terminal are also underway to align with international standards in efficiency, agility and sustainability,' said the statement issued to coincide with the company's 29th annual general meeting (AGM). BPHB said the Borneo Oil and Gas Supply Base project remains a cornerstone of the group's ambition to position Sarawak as a regional hub for offshore energy logistics and support Malaysia's energy ecosystem with integrated, future-ready logistics solutions. At the AGM, BPHB declared a dividend of RM69.0 million (15 sen per share), which it said was a balanced capital management approach that provides shareholder returns while supporting reinvestment for future growth. The shareholders were also told at the meeting that for last year, BPHB had achieved several all-time high operational milestones, with its total group revenue rising by 8.13 per cent to RM888.47 million, reflecting its robust performance and disciplined operational management. The achievements last year included a total cargo throughput of 51.94 million tonnes, setting a new performance benchmark, and vessel traffic reaching a record 8,026 calls, further reinforcing Bintulu Port's position as a critical maritime logistics hub in the region.
Borneo Post
21-04-2025
- Business
- Borneo Post
Tariffs to have minimal impact to Bintulu Port, says group CEO
Ruslan fields questions from reporters. KUCHING (April 21): The sweeping tariffs imposed by the United States are expected to have minimal impact on Bintulu Port Holdings Berhad (BPHB), says group chief executive officer Ruslan Abdul Ghani. He said while it is still too early to draw a firm conclusion, the group does not expect to be significantly affected. He explained this is because most of BPHB's exports do not go directly to the United States. 'We normally export to India, especially for our crude palm oil (CPO); to China, even to Africa. 'We don't deal directly with America, so hopefully that will have quite a minimum impact to us,' he told reporters after the group's 29th Annual General Meeting at Hilton Hotel here today. Ruslan however acknowledged that there could still be some indirect effects. 'It's a bit too early to say, because there's the direct impact, and there's also the indirect impact. So we are currently evaluating all of this,' he added. The group had earlier posted a record-breaking total revenue for its financial year ended December 31, 2024 at RM888.47 million, representing an 8.13 per cent growth driven by disciplined operational management and strong support from the state government. The group also achieved a total cargo throughput of 51.94 million tonnes, making BPHB the third largest port in Malaysia in terms of volume handled. The port's vessel traffic also reached a record 8,026 calls that positions BPHB as a critical maritime logistics hub in the region Despite the uncertainties ahead, Ruslan remains hopeful about the group's outlook in 2025. He said growth will be supported by new throughput, including volumes from green energy, as well as the continued strong performance of Sarawak PetChem and liquefied natural gas (LNG). On 5 April, a blanket 10 per cent tariff was imposed on almost all imports into the United States. Four days later, the US announced even higher 'reciprocal' tariffs on goods from around 60 countries based on trade deficits. Malaysia faces a 24 per cent reciprocal tariff. However, on the same day, Trump walked back parts of the policy by suspending the country-specific tariffs and while maintaining the 10 per cent blanket duty on almost all US imports. Bintulu Port Holdings Berhad lead ruslan abdul ghani tariffs
Borneo Post
21-04-2025
- Business
- Borneo Post
BPHB hits cargo, revenue milestones for FY24
Ruslan (fourth left) during the group's 29th Annual General Meeting in Kuching today. KUCHING (April 21): Bintulu Port Holdings Berhad (BPHB) has achieved a record-breaking operational milestone for its financial year ended Dec 31, 2024. The group has posted total revenue of RM888.47 million, representing an 8.13 per cent growth driven by disciplined operational management. Group chief executive officer Ruslan Abdul Ghani said BPHB also achieved total cargo throughput of 51.94 million tonnes, which set a new performance benchmark. 'We are basically the third largest port in Malaysia in terms of throughput. 'We did quite well, and all of this is because of the support from our board, employees, and stakeholders. 'We received strong backing from everyone, especially Bintulu Port Authority and the Ministry of Infrastructure, Port and Development Sarawak (MIPD),' he said to the media after the group's 29th Annual General Meeting at Hilton Hotel here today. Additionally, the port's vessel traffic also reached a record 8,026 calls that positions BPHB as a critical maritime logistics hub in the region. 'We also did quite well with regard to vessel performance, recording over 8,000 vessel calls last year,' added Ruslan. The group declared a dividend of RM69 million at 15 sen per share. For 2025, Ruslan expects revenue to match or exceed 2024 levels. 'With the introduction of new services and throughput, we expect a similar, if not higher revenue. 'We are hopeful that new volumes coming from green energy and the strong performance of Sarawak Petchem, along with continued support from LNG, will help us deliver another productive year,' he said. According to the group, BPHB remains committed to advancing key infrastructure and growth initiatives such as the Borneo Oil and Gas Supply Base (BOGSB) project. The project remains remains a cornerstone of the group's ambition to position Sarawak as a regional hub for offshore energy logistics, in line with its vision to support Malaysia's energy ecosystem with integrated, future-ready logistics solutions. The group is also moving forward with initiatives to operationalise Free Zone areas at both Bintulu Port and Samalaju Industrial Port, aimed at unlocking new investment opportunities and enhancing trade facilitation. Upgrades to the Bintulu International Container Terminal (BICT) are underway to meet international standards in efficiency, agility, and sustainability. As part of its long-term sustainability strategy, BPHB is advancing the establishment of Carbon Capture and Storage (CCS) infrastructure at Bintulu Port and Samalaju Industrial Port. 'CCS-enabled hubs will play a vital role in Malaysia's decarbonisation roadmap, positioning BPHB as a key enabler of regional carbon management and sustainable energy logistics,' it said.
