Latest news with #RimbunanHijauGroup
Borneo Post
14-05-2025
- Business
- Borneo Post
Sarawak's natural capital to play major role in addressing global economic issues, says Premier
Abang Johari (right) and RH Group managing director Datuk Tiong Thai King jointly launch the 50th anniversary celebration. SIBU (May 14): Sarawak is poised to play a major role in solving global economic problems with its abundant natural assets that have not been disturbed, said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg. He said Sarawak is fortunate to have its forests as a carbon sink, hydrogen to supply energy, and people who can be trained to handle the system. 'This is a new terminology, meaning we have the natural capital, the human capital, and through innovation and entrepreneurship, we can improve the process in the global economic ecosystem,' he said at Rimbunan Hijau Group's Golden Jubilee Celebration here last night. Abang Johari said during his recent visit to the United Kingdom, a London School of Economics professor had deliberated on how to solve global economic problems and said Sarawak is very fortunate to be in its part of the world in Borneo. 'They say we have the natural capital and we are going to be the main player in this part of the region. And with the success of RH Group, I am sure Sarawak will continue to be `hijau, hijau, hijau' (green),' he said to much applause. The Premier pointed out that in the early 1970s, Sarawak's economy was based on agriculture, exporting pepper, illipe nuts, and agricultural products that gave the state substantial returns. However, he said the government had to explore a more revenue-based economy in the later part of the decade. 'A lot of small timber companies were then merged into sizeable companies and one of the companies that faced the challenges to get involved in the new spectrum of timber industry was Rimbunan Hijau,' he said. Abang Johari congratulated RH Group for weathering the challenges and uncertainties over the last 50 years. 'You did not only confine to timber but diversified your portfolio and now it is a global entity with roots from Sarawak but functioning globally in Asia, Russia, and many other parts of the world. We are proud of you,' he said. He pointed out the global economy has changed and the world is now facing a new crisis of climate change. With its green economy and natural resources, he said Sarawak will play a major role globally to mitigate carbon emissions. 'That is why we have come up with the Post Covid-19 Development Strategy and this strategy work on three pillars on economic prosperity, social inclusivity, and environmental sustainability,' he said. abang johari lead natural capital RH Group
Borneo Post
28-04-2025
- Business
- Borneo Post
Outgoing Indonesian Consul-General: Sibu an excellent model for friendship city ties, regional cooperation
Raden (second right), together with his wife Lucy (fourth left) receive a token of appreciation from Tiong (right) and Nee (third right). SIBU (April 29): Sibu serves as the best model for fostering international friendship and cooperation, said outgoing Consul-General of the Republic of Indonesia in Kuching Raden Sigit Witjaksono. Speaking at his appreciation and farewell ceremony on Sunday night, Raden said the close relationship forged between Sibu and various parties in Indonesia, including friendship city ties, demonstrated how regional cooperation can be effectively carried out. 'Sibu has become my second home and a symbol of the close ties between Indonesia and Sarawak. 'Efforts such as the collaboration between Sibu and Singkawang as well as participation in the Borneo Cultural Festival are examples of successful people-to-people relations,' he said. He emphasised that initiatives like these should be strengthened to further enhance cross-border ties between Indonesia and Malaysia, particularly in the Borneo region. Raden also highlighted other achievements throughout his three years of service, including in the areas of economy, education, healthcare, tourism, and infrastructure. 'Various cooperation projects have been initiated. This provides a strong foundation for my successor to elevate these relationships to greater heights,' he said, while expressing hopes the momentum would continue. He also touched on the potential for closer relations between Sarawak and Kalimantan, especially with the relocation of Indonesia's new capital, Nusantara, to East Kalimantan. 'The development of Nusantara will open up even more opportunities to strengthen ties not only with Sarawak, but with the whole of Borneo, including Sabah and Brunei.' Raden said the development of diplomatic relations should not only focus on the government and business levels, but must also be enhanced through people-to-people ties, such as through cultural and education programmes as well as student exchanges. He stressed that strong relations between government (G2G), business (B2B), and the people (people-to-people) are key to long-term success. 'My family and I will always cherish our memories of Sibu. If given the chance, we would love to return here, to our second home,' he said. Among those present were Raden's wife, Ibu Lucy Octavia Witjaksono and his son Farid Ryo Takashi Wicaksono; Rimbunan Hijau Group group managing director and Mafrica Group chairman Datuk Tiong Thai King; University of Technology Sarawak vice-chancellor Professor Datuk Dr Khairuddin Abd Hamid; Sibu Chinese Chamber of Commerce and Industry (SCCCI) president Datuk Lau Cheng Kiong; Rimbunan Hijau Group, Mafrica Group and Rimbunan Sawit Berhad general manager (corporate relations) Dato Thomas Tieng Mee Tung; and his wife Datin Nee Lay King.
Borneo Post
28-04-2025
- Business
- Borneo Post
‘Sibu an excellent model for friendship city ties, regional cooperation'
Raden (second right), together with his wife Lucy (fourth left) receive a token of appreciation from Tiong (right) and Nee (third right). SIBU (April 29): Sibu serves as the best model for fostering international friendship and cooperation, said outgoing Consul-General of the Republic of Indonesia in Kuching Raden Sigit Witjaksono. Speaking at his appreciation and farewell ceremony on Sunday night, Raden said the close relationship forged between Sibu and various parties in Indonesia, including friendship city ties, demonstrated how regional cooperation can be effectively carried out. 'Sibu has become my second home and a symbol of the close ties between Indonesia and Sarawak. 'Efforts such as the collaboration between Sibu and Singkawang as well as participation in the Borneo Cultural Festival are examples of successful people-to-people relations,' he said. He emphasised that initiatives like these should be strengthened to further enhance cross-border ties between Indonesia and Malaysia, particularly in the Borneo region. Raden also highlighted other achievements throughout his three years of service, including in the areas of economy, education, healthcare, tourism, and infrastructure. 'Various cooperation projects have been initiated. This provides a strong foundation for my successor to elevate these relationships to greater heights,' he said, while expressing hopes the momentum would continue. He also touched on the potential for closer relations between Sarawak and Kalimantan, especially with the relocation of Indonesia's new capital, Nusantara, to East Kalimantan. 'The development of Nusantara will open up even more opportunities to strengthen ties not only with Sarawak, but with the whole of Borneo, including Sabah and Brunei.' Raden said the development of diplomatic relations should not only focus on the government and business levels, but must also be enhanced through people-to-people ties, such as through cultural and education programmes as well as student exchanges. He stressed that strong relations between government (G2G), business (B2B), and the people (people-to-people) are key to long-term success. 'My family and I will always cherish our memories of Sibu. If given the chance, we would love to return here, to our second home,' he said. Among those present were Raden's wife, Ibu Lucy Octavia Witjaksono and his son Farid Ryo Takashi Wicaksono; Rimbunan Hijau Group group managing director and Mafrica Group chairman Datuk Tiong Thai King; University of Technology Sarawak vice-chancellor Professor Datuk Dr Khairuddin Abd Hamid; Sibu Chinese Chamber of Commerce and Industry (SCCCI) president Datuk Lau Cheng Kiong; Rimbunan Hijau Group, Mafrica Group and Rimbunan Sawit Berhad general manager (corporate relations) Dato Thomas Tieng Mee Tung; and his wife Datin Nee Lay King.
The Star
21-04-2025
- Business
- The Star
Prizes worth RM2.6mil for golden jubilee golf tourney
Thai King (third from left) receiving a pledged prize from sponsor Michael Tiong of Dai Lieng Group of Companies. Tieng is second from right. RIMBUNAN Hijau Group of Companies is offering attractive prizes totalling RM2.6mil for its hole-in-one golf tournament in Sibu, Sarawak. The competition on May 10 and 12 at the Sibu Golf Club is held in conjunction with the group's 50th Golden Jubilee celebration. Organising chairman Datuk Thomas Tieng said the prizes worth RM2.6mil was biggest for such tournament in the country. He said this at a press conference after receiving the prizes from the main sponsors. The six main prizes for the hole-in-one included a mid-luxury car and heavy machinery such as excavators. He added the competition was open to only golfers with a handicap of below 24. 'We will only take in a total of 288 golfers for the two-day event. We will invite golf clubs from throughout the state to send their golfers, but participants must have a handicap of below 24. 'The first day of the competition is an open category while the second day is for VIP and invited guests,' said Tieng. Those who secure second to 15 positions from both categories, would receive several other prizes that would be known only during the competition day. Rimbunan Hijau Group managing director, Datuk Tiong Thai King expressed his heartfelt appreciation to all the sponsors. 'Thank you to all the sponsors for your great support as without you, we would not be able to organise it,' he said.
Yahoo
03-04-2025
- Business
- Yahoo
While individual investors own 38% of Jaya Tiasa Holdings Berhad (KLSE:JTIASA), private companies are its largest shareholders with 49% ownership
The considerable ownership by private companies in Jaya Tiasa Holdings Berhad indicates that they collectively have a greater say in management and business strategy A total of 9 investors have a majority stake in the company with 52% ownership Ownership research, combined with past performance data can help provide a good understanding of opportunities in a stock Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. If you want to know who really controls Jaya Tiasa Holdings Berhad (KLSE:JTIASA), then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are private companies with 49% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Individual investors, on the other hand, account for 38% of the company's stockholders. Let's delve deeper into each type of owner of Jaya Tiasa Holdings Berhad, beginning with the chart below. See our latest analysis for Jaya Tiasa Holdings Berhad Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. Jaya Tiasa Holdings Berhad already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Jaya Tiasa Holdings Berhad, (below). Of course, keep in mind that there are other factors to consider, too. We note that hedge funds don't have a meaningful investment in Jaya Tiasa Holdings Berhad. Rimbunan Hijau Group is currently the company's largest shareholder with 22% of shares outstanding. In comparison, the second and third largest shareholders hold about 9.5% and 5.2% of the stock. We did some more digging and found that 9 of the top shareholders account for roughly 52% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There is some analyst coverage of the stock, but it could still become more well known, with time. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. We can report that insiders do own shares in Jaya Tiasa Holdings Berhad. In their own names, insiders own RM83m worth of stock in the RM1.1b company. This shows at least some alignment. You can click here to see if those insiders have been buying or selling. With a 38% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Jaya Tiasa Holdings Berhad. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Our data indicates that Private Companies hold 49%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Be aware that Jaya Tiasa Holdings Berhad is showing 1 warning sign in our investment analysis , you should know about... Ultimately the future is most important. You can access this free report on analyst forecasts for the company . NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
