News about construction

The group's domestic operations have gained significant momentum, with orders now contributing 41% of the overall RM35 billion construction order book, up from 28% last year.

The project, located at Lot 104295, Jalan Tiara in Taman Mutiara Bukit Jalil, was awarded by Sunway Flora Sdn Bhd.

In a filing with Bursa Malaysia on Thursday, the civil engineering group said its wholly owned subsidiary, Advancecon Infra Sdn Bhd, is seeking RM15.

The research firm, which noted that the sector had just reported a set of steady results for the first quarter, is expecting the pace of job awards to gather momentum ahead of the 13th Malaysia Plan that is set to be tabled in July.

The research firm said order book visibility is also improving, supported by the gradual roll-out of big-ticket public projects and the potential award of up to six large-scale data centre facilities, each estimated to be worth around RM2 billion, over the next two to three quarters.

REHDA Institute and GreenRE will be investing RM100,000 to sponsor key students and academics from over 10 Malaysian universities to nurture a new generation of leaders in sustainability and green development.

“Risk management at construction sites should not only focus on protecting workers, but also on ensuring the safety of the public, especially in densely populated urban areas frequented by tourists.

However, analysts are divided on the margins from new clients, at least in the initial stage, compared with the 9%-10% enjoyed by the company through relationship with key clients such as EXSIM Development Sdn Bhd, Maxim Global Bhd (KL:MAXIM) and Platinum Victory Sdn Bhd.

The latest contract also marks another step in expanding Binastra’s presence in the Klang Valley.

The Master Builders Association Malaysia said the construction sector is already burdened by multiple layers of taxation on materials, labour, and equipment, with most contracts awarded on a fixed-price and fixed-duration basis.