News about construction

Phase 1 of the project consists of a four-storey logistics hub, four-storey multi-level parking with a one-storey office and ancillary buildings.

To address this issue, it is crucial to delve into the key factors contributing to retaining wall failures and emphasise the importance of regular maintenance and inspections.

“The company has decided to terminate the CEO’s contract of employment by giving him three month's salary in lieu of the required notice as per his contract,” said Zelan in a bourse filing on Thursday (June 15).

It noted that as Mass Rapid Transit 3 (MRT3) contract rollout could likely take a longer time — sometime in late 4Q2023 or early 1Q2024 — contractors may fill in the temporary void of local infrastructure jobs by focusing on industrial ones.

RHB Investment in a note on Friday (June 9) said that about 88% of Gamuda’s outstanding order book is from overseas, thus warranting its upgrade, implying a 20% upside and circa 3% FY2024 (Jul) yield.

The implication of the MCO also meant that the group was unable to progress projects, but it continued to incur certain fixed costs such as rental costs, staffing, and borrowing costs that reflected into a weak financial performance the last couple of years, said the group.

"The execution of the MOU marks the beginning of a collaboration between the parties to integrate automation and robotics into the design, manufacturing and construction processes of industrialised building systems in Malaysia.

IJM Construction has allegedly refused, failed and/or neglected to pay the outstanding sum despite Citaglobal Land completing its contractual obligations, said Citaglobal.

"The management team is in the midst of finalising the outstanding quarterly reports, targeting to release them by the first week of June 2023," Top Builders said in a bourse filing.

The piling and engineering firm also faces delisting if it fails to issue its outstanding financial statements within six months, according to its filing on Thursday (June 1).