Gagasan Nadi Cergas 2Q net profit down 77% as MCO halt construction activities
KUALA LUMPUR (Aug 19): Construction group and concessionaire Gagasan Nadi Cergas Bhd saw its net profit fall 76.
World's tallest prefab towers in Singapore 'being built' in Malaysia
KUALA LUMPUR (Aug 12): The residential project Avenue South Residences in Singapore will boast the tallest prefabricated buildings in the world and Malaysia’s claim to fame will be that their “modules” are made in a factory in Senai, Johor.
Kejuruteraan Asastera accepts contracts worth RM17.58m
KUALA LUMPUR (Aug 12): Kejuruteraan Asastera Bhd (KAB) has accepted two letters of appointment (LOAs) with a total contract sum of RM17.
AmBank: Sunway Construction could still turn in a small profit in 2QFY20
KUALA LUMPUR (Aug 10): AmInvestment Bank Research (AmBank) has maintained “Underweight” on Sunway Construction Group Bhd at RM1.
Restricting foreign workers to three sectors will devastate manufacturing, service industries — MEF
KUALA LUMPUR (July 30): The Malaysian Employers Federation (MEF) said today the government's decision to restrict foreign workers to the construction, agriculture and plantation sectors will further devastate operations of other industries including manufacturing and services, which are trying very hard to recover from the country's movement control order (MCO) to curb the Covid-19 pandemic.
Malaysia to only allow foreign workers in construction, plantation, agriculture sectors
KUALA LUMPUR (July 29): The Ministry of Human Resources said today the Malaysian government had decided that only three industries will be allowed to employ foreign workers going forward, namely the construction, plantation and agriculture sectors, to cut the nation's reliance on foreign workers.
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Zecon gets shareholder nod for rights issue
KUALA LUMPUR (July 21): Zecon Bhd has received approval from its shareholders for its proposed rights issue to address its current funding requirements to meet its short-term obligations and liabilities, as well as strengthen its financial position.
Do not save on that 1% cost for waterproofing
Do not be penny wise and pound foolish when it comes to waterproofing your building.
Glomac dips into the red for 4Q on fair value losses, declares one sen dividend
KUALA LUMPUR (July 15): Impacted by a recognition of fair value losses on its investment properties, Glomac Bhd reported a net loss of RM8.
CIDB allocates RM70m for programmes to enhance construction industry
KUALA LUMPUR (July 11): The Construction Industry Development Board (CIDB) has allocated a total of RM70 million to implement several strategic programmes aimed at boosting the capacity and capability of construction industry players who were affected by the movement control order (MCO).
