Average growth on construction sector to decelerate to 4.3% from 7.1% in 2016-2017
KUALA LUMPUR (Oct 18): Malaysia's construction sector is targeted to moderate at an annual average growth rate of 4.
The 'madman of China' sets sights on Malaysia
Criticism has been directed at the government's cancellation and deferment of infrastructure projects that involve Chinese state-owned enterprises (SOEs), amidst fears of upsetting China, and discouraging investments from the world's second-largest economy.
CPCG announces investment of up to RM10b in Malaysia
KUALA LUMPUR (Oct 12): A privately-owned Chinese construction firm announced yesterday it is open to participate in “federal projects that will benefit the people”, as it plans to invest up to RM10 billion in Malaysia over the next decade.
Federal Court to decide if KPKT can grant extension of time to developers – reports
PETALING JAYA (Oct 10): The Federal Court will decide whether the Housing and Local Government (KPKT) Ministry has the authority to grant developers an extension of time (EOT) for their property development projects.
Construction counters dip as govt retenders MRT2 underground work
KUALA LUMPUR (Oct 8): Construction counters this morning reacted negatively to news of the government's decision to retender MRT2's underground work, after terminating MMC-Gamuda KVMRT Sdn Bhd as the contractor.
Risk of order book reductions seen with infrastructure job cuts
Construction sector Maintain neutral: The outlook for the construction sector remains challenging as the federal government is reviewing ongoing infrastructure projects to reduce costs by 20%-33%.
Construction costs to drop by up to 5% with SST exemption, says CIDB chief executive
KUALA LUMPUR (Sept 28): Construction costs of homes are expected to fall by 3% to 5% owing to the Sales and Service Tax (SST) exemption on basic construction materials, The Star daily reported Construction Industry Development Board (CIDB) chief executive Datuk Ahmad Asri Abdul Hamid saying today.
Crest Builder inks MoU with T7 Global to prepare technical proposal
KUALA LUMPUR (Sept 26): Crest Builder Holdings Bhd has entered into a memorandum of understanding (MoU) with T7 Global Bhd to collaborate to prepare a detailed technical proposal for the construction and subsequent execution of works for the proposed mixed development, Latitud8 at Jalan Ampang, according to a filing with Bursa.
Foreign workers seeking to extend employment must pay 80% of RM10,000 levy
KUALA LUMPUR (Sept 24): To ease the burden of developers and bring down home prices, skilled foreign labour applying to extend their employment tenure need only pay 80% of the annual RM10,000 levy on foreign workers, said Finance Minister Lim Guan Eng today.
