News about construction

CIMB Securities said the transaction is positive for Sunway, highlighting diversification into infrastructure assets such as toll roads and ports, and operational synergies across property and construction.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the highest increase was recorded in Terengganu and Kelantan at 3.

Prime Minister Datuk Seri Anwar Ibrahim, who is also finance minister, said the move would be considered should price hikes by industry players continue to exert pressure on development costs and the cost of living.

The private sector remains a key driver for the non-residential category specifically within data centre (DC) job flows, which grew by 6% to reach RM159.

“His track record includes driving sales growth, strengthening customer relationships and improving operational efficiency.

The construction group said the contract was awarded to its wholly owned subsidiary Trans Resources Corp Sdn Bhd.

The firm, CNECC Engineering (Malaysia) Sdn Bhd (CEMSB), is engaged in building construction and project management, with its ultimate parent company being China Nuclear Industry HuaXing Construction Company Ltd.

In a filing with Bursa Malaysia, the engineering and construction services provider said the contracts were awarded by Permas Jaya Sdn Bhd, Melia Spring Sdn Bhd and CJ Developments Sdn Bhd.

The Johor Bahru project, aimed at developing modern family-oriented homes and commercial units, is scheduled for completion in July 2027.

Looking ahead, the group said it remains optimistic on opportunities in the rail and infrastructure sector.