News about construction

"Approvals for foreign worker quotas so far are expected to meet foreign labour needs by industry, including in critical sectors.

The originating summons also named Advancecon group chief executive officer (CEO) Datuk Phum Ang Kia as a defendant, Advancecon said.

The main building works consist of three blocks of residential condominium towers comprising 341 units, together with four levels of basement car park and three levels of podium facilities.

Meanwhile, the potential reduction in project cost for the MRT3, from RM50.

En added that on adjudication alone, fees worth hundreds of millions have been paid by disputing parties since its inception and this does not include legal expenses incurred at various courts and arbitration.

“The MRT project is currently already at an advanced stage and should be implemented soonest.

Revenue for the construction segment rose 22.

George Kent said its 3QFY2023 performance was affected by the challenging business environment amid inflationary pressures, supply chain delays, labour shortages and elevated oil prices coupled with a volatile ringgit.

“We expect to grow our order book even further this year, riding on the stable recovery of the domestic property sector.

The construction group which debuted on Bursa Malaysia's ACE Market on Jan 31.