News about construction

SunCon said that barring any unforeseen circumstances, the contract is expected to contribute positively to the group's earnings for the financial year ending Dec 31, 2023 onwards.

"The group expects some uncertainties in its financial performance owing to Covid-19-related issues and fluctuations in building material prices in the short term, especially as a result of the recent Russia-Ukraine war.

The agreement sets out the framework for negotiations and discussions between the parties to establish the detailed terms and conditions about the contractor's performance in design, engineering, procurement, manufacture, supply, construction, erection, testing and commissioning of the electric generation facility.

“By the year 2030, the sector is expected to achieve digitalisation in at least half of its cycle.

With the tariff hike, it forecast that the steel industry’s annual electricity cost, which is estimated at RM1 billion in 2022, would rise to more than RM1.

The intended principal activity of Ibraco KPP Concrete is to operate and sell ready-mix concrete.

“The exercise is also a crucial component of the company’s rebranding initiative to be carried out by its board of directors and key management of the company.

“Further testing of the melting points of the construction builders’ sustainability is strongly not encouraged in both the short-term and long[-term] future.

"We believe this is a great opportunity to expand our client base and tap into the rising demand for our products beyond Malaysia.

Kerjaya Prospek, which has four operating segments of construction, manufacturing, property development and investment, said that for 4QFY2022, the group will continue to monitor and implement appropriate business strategies in a timely manner to address the risk that post Covid-19 challenges, such as weakening of the ringgit and shortage of skilled manpower, may have on the operations and financial performance of the group.