News about construction

PETALING JAYA (Sept 5): China Communications Construction Co Ltd (CCCC), the contractor of the suspended East Coast Rail Link, is confident that the project – which was called off last month – will be restarted thanks to bilateral talks between China and Malaysia, reported South China Morning Post.

KUALA LUMPUR (Sept 4): Shares in Vertice Bhd and Vizione Holdings Bhd rose this morning after a joint venture between the two companies won a RM815 million contract from Consortium Zenith Construction Sdn Bhd to undertake construction work for a package in the Penang mega infrastructure project.

KUALA LUMPUR (Sept 4): A joint venture (JV) between Vertice Bhd and Vizione Holdings Bhd has won a RM815 million contract from Consortium Zenith Construction Sdn Bhd to undertake construction work for a package of a Penang mega infrastructure project.

KUALA LUMPUR (Aug 29): Jaks Resources Bhd’s second quarter net profit soared more than six times to RM12.

KUALA LUMPUR (Aug 22): From normal workers to top officials, those involved in the East Coast Rail Link (ECRL) are still in shock over the scrapping of the mega project.

Sunway Construction Group Bhd (Aug 17, RM1.

KUALA LUMPUR (August 17): Sunway Construction Group Bhd (SunCon) posted a flat net profit of RM35.

PETALING JAYA (Aug 14): The Sales and Services Tax (SST) which will take effect next month will not be applied to building materials – namely bricks, cement and sand – and construction services, a move that Finance Minister Lim Guan Eng said will hopefully address property affordability issues hindering home ownership in Malaysia.

PETALING JAYA (Aug 12): Finance Minister Lim Guan Eng has announced that building materials and construction services will be exempt from the Sales and Services Tax (SST) which will come into force in September.

KUALA LUMPUR (July 30): Construction and property development player Ho Hup Construction Co Bhd is expecting profit growth to accelerate in the financial year ending Dec 31, 2019 (FY19), given better earnings visibility from its RM1.