News about construction

“We think any interested parties will have to form joint ventures (JVs) or partnerships with foreign players with the technical knowledge and also strong financial backing.

The latest announcement follows Top Builders' failure to submit its regularisation plan to the Securities Commission Malaysia or Bursa Securities for approval within the extended timeframe of June 29 this year.

The substructure works are for two blocks of 47-storey serviced apartments comprising 453 units, with existing commercial development comprising a five-storey retail mall and two levels of basement parking.

IJM adds that the combined capabilities of the two groups as civil and systems contractors enable the offering of more comprehensive and turnkey solutions for local and international rail project bids.

Liew said the roadmap will include policies and pathways to assist the iron and steel sector to commence the transition towards reducing its carbon footprint.

Global Marine was awarded the sub-contract of the project by Vista Infinity Development Sdn Bhd, which secured the project from the Ministry of Natural Resources, Environment and Climate Change.

Ibrahim Sahari, 59, said fellow former senior director Datuk Zarul Ahmad Mohd Zulkifli told him that said money was paid to ensure that CZCSB secured future projects.

In a note on Thursday (July 20), the research house said this was after the higher job flows from the private sector valued at RM39 billion in the first half of 2023 (1H2023) versus the public sector at RM9 billion in the same period, with the number of new applications for construction personnel reaching 151,500 applications in 1H2023, according to the Construction Industry Development Board’s data.

Siab said as both the group and Taghill are currently involved in the building construction services, the proposed acquisition will enable both companies to leverage their combined strengths and expertise in the construction industry, as well as respective business relationships with various industry stakeholders.

Year-to-date, Vestland has successfully bagged a total of RM667.