News about construction

KUALA LUMPUR (July 26): Shares in Vizione Holdings Bhd rose 3.

PETALING JAYA (July 23): China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL) has confirmed that it is rationalising its staff count following the suspension of the East Coast Rail Link (ECRL), without stating the number of employees cut.

KUALA LUMPUR (July 23): Econpile Holdings Bhd, as with other construction companies, has been hit by the new government’s move to review mega infrastructure projects.

KUALA LUMPUR (July 22): The bulk of the about 1,000 workers involved in work on the East Coast Rail Link (ECRL) mega project recently retrenched comprise unskilled daily paid labour, an industry source familiar with the matter told The Star.

KUALA LUMPUR (July 21): As the fate of the East Coast Rail Link (ECRL) mega project hangs in the balance, reports are now coming in that there have been significant retrenchments of local workers.

KUALA LUMPUR (July 21): Sunway Construction Group Bhd (SunCon) and Sunway REIT Management Sdn Bhd have mutually agreed to revise the provisional contract sum of an ongoing project in Penang from RM274 million to RM286 million due to additional scope of works.

KUALA LUMPUR (July 19): Construction and property stocks have rebounded amid increasing likelihood that the Kuala Lumpur-Singapore High Speed Rail (HSR) project is only deferred and not cancelled.

KUALA LUMPUR: A ministry of finance (MoF) unit has cautioned China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL), the main contractor of the suspended East Coast Rail Link (ECRL) project, against its rapid lay-offs following the suspension.

KUALA LUMPUR (July 17): Pasdec Holdings Bhd chief executive officer (CEO) Datuk Zuber Shamsuri will step down from his post following the expiry of his contract today.

KUALA LUMPUR (July 13): CIMB IB Research has maintained its “Underweight” rating on the construction sector after the Ministry of Finance (MOF) allowed the LRT 3 project to proceed but at a lower all-in cost of RM16.