News about construction

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).

In a bourse filing on Wednesday (May 31), Econpile said its unit Global Piling Solutions Co Ltd secured the contract for Odom Living Co Ltd for the Odom development at Norodom Boulevard, Sangkat Tonle Bassac, Phnom Penh.

China’s fast-rising steel production combined with poor end-user demand recovery, continues to pressure steel prices and industry profit margins.

The auditor pointed to the group's and the company's accumulated losses of RM53.

Setiausaha Pertubuhan Akitek Malaysia Arkitek Malaysia (PAM) dan pemeriksa bangunan yang diiktiraf oleh Architect Centre, Anthony Lee Tee, telah menyeru pihak berkuasa untuk mencari punca asal kebakaran terkini di KWSP dan mengeluarkan laporan itu kepada umum "untuk mengelakkan spekulasi".

\Sunway group chief financial officer Chong Chang Choong said the group’s 1QFY2023 financial performance was better than the pre-pandemic period, anchored by sustained domestic economic growth.