News about construction

KUALA LUMPUR (Jan 4): The government's move to replace the cancelled Kuala Lumpur-Singapore High Speed Rail project (KL-Singapore HSR) with the Kuala Lumpur-Johor Baru HSR (KL-JB HSR) will still be positive for the construction sector, say analysts.

SINGAPORE (Nov 30): Aspen Group Holdings has reported profit before tax of RM74.

KUALA LUMPUR (Nov 26): Glomac Bhd’s net profit surged 62.

KUALA LUMPUR (Nov 20): Sunway Construction Group Bhd’s net profit for the third quarter ended Sept 30, 2020 (3QFY20) fell 28.

PETALING JAYA (Nov 14): The Building Industry Presidents’ Council (BIPC) has stated that it welcomes the enforcement of the Temporary Measures for Reducing the Impact of Coronavirus Disease 2019 (Covid-19) Act 2020 [Covid-19 Act].

KUALA LUMPUR (Nov 11): Construction companies are set to benefit greatly from the projects and expenditure outlined in Budget 2021, with the Mass Rapid Transit 3 (MRT3) and the Kuala Lumpur-Singapore High-Speed Rail (HSR) viewed as being big opportunities.

KUALA LUMPUR (Nov 3): Ageson Bhd is confident of achieving even higher earnings for the current financial year ending June 30, 2021 (FY21) after posting a record-high net profit in FY20.

KUALA LUMPUR (Oct 28): Sunway Construction Group Bhd (SunCon) has secured a contract worth RM315 million from the National Highways Authority of India (NHAI) via a consortium.

PETALING JAYA (Oct 27): Master Builders Association Malaysia (MBAM) points out that the recent gazetted Temporary Measures for Reducing the Impact of Coronavirus Diseases 2019 (Covid-19) Act did not address the key issues faced by contractors.

KUALA LUMPUR (Oct 8): CGS-CIMB Research foresees a muted period in October for new developments in mega contracts and the Economic Recovery Plan (ERP), with the short-term focus shifting to Budget 2021 in early November.