SunCon group managing director Liew Kok Wing said barring any unforeseen circumstances, the group is cautiously optimistic about registering positive growth in FY22, supported by a strong existing outstanding order book.
KUALA LUMPUR (July 21): The Construction Labour Exchange Centre Bhd (CLAB) rarely makes headlines, until the government’s recent decision to allow the entity to fully manage applications of more than 100 foreign construction workers’ entry into the country.
KUALA LUMPUR (March 23): Construction and integrated facilities management firm Widad Business Group Sdn Bhd (WBG) said Wednesday (March 23) it is considering a partnership with China-based construction machinery manufacturers SANY Group to leverage the latter’s industrialised building system (IBS) technology for its Langkasuka mega-project — a RM40 billion mixed-use complex in Langkawi.
Targeted vaccination softens Covid-19 impact on construction industry after estimated RM42 billion hit
KUALA LUMPUR (Dec 6): The extended Covid-19 outbreak in the country has continued to affect the construction industry this year, but the impact has been more moderate compared with in last year due to a vaccination roll-out targeted at construction workers, among others.
KUALA LUMPUR (July 5): Chin Hin Group Property Bhd (CHGP) is planning to acquire a 65% equity interest in construction firm Kayangan Kemas Sdn Bhd for RM37.
KUALA LUMPUR (March 5): The recent political developments that led to the change in government have dimmed the bright spots for the construction sector, said CGS-CIMB Research, given concerns over the implementation of new infrastructure projects that have been planned by the preceding government under Tun Dr Mahathir Mohamad.
KUALA LUMPUR (Feb 18): The Construction Industry Development Board (CIDB) has started its investigation on a 37-storey condominium building under construction in Taman Desa, Jalan Klang Lama that partially collapsed last Friday (Feb 14), with the findings expected to be released in a month’s time.
KUALA LUMPUR (Jan 16): The construction industry saw a recovery in sentiment in 2019, amid news of the government’s intention to revive several mega infrastructure projects that were put on hold or postponed after the government change in 2018.
PETALING JAYA (Oct 22): Industrialised Building System (IBS) precast manufacturer MGB Bhd has successfully delivered IBS-built homes in LBS Alam Perdana, a township development in Puncak Alam, Selangor by LBS Bina Group Bhd, half a year earlier than scheduled.
KUALA LUMPUR (Sept 3): Setia Precast Sdn Bhd, a wholly-owned subsidiary of S P Setia Bhd, today received the highest-in-the-country Industrialised Building System (IBS) score of 93.