News about construction

According to HLIB, SunCon hopes to increase its existing RM4.

To ensure sustainable growth of the construction industry, MBAM president Oliver Wee Hiang Chyn hopes the government will use its development budget to boost the adoption of the Industrialised Building System (IBS) and implement planned public projects, such as affordable housing.

RHB Research noted that a negative outcome would be a hung Parliament, which could fuel uncertainty for the sector’s prospects.

SunCon group managing director Liew Kok Wing said barring any unforeseen circumstances, the group is cautiously optimistic about registering positive growth in FY22, supported by a strong existing outstanding order book.

KUALA LUMPUR (Aug 22): Southern Score Sdn Bhd, a construction management services company, is set to be acquired by G Neptune Bhd as part of the latter's proposed regularisation plan.

In a sector update on Wednesday (Aug 17), the research house said the Sarawak government projects a capital injection of RM100 billion by 2028, envisioned to elevate the state into developed economy status.

KUALA LUMPUR (July 21): The Construction Labour Exchange Centre Bhd (CLAB) rarely makes headlines, until the government’s recent decision to allow the entity to fully manage applications of more than 100 foreign construction workers’ entry into the country.

  The research house maintained a "neutral" rating on the sector Volatile and inflationary costs made tenders trickier KUALA LUMPUR (July 4): Hong Leong Investment Bank (HLIB) Research said 1H22 domestic contract awards totalled RM4.

Datuk Seri Michael Yam becomes 119th CIOB President Yam is to shine a spotlight on sustainability during his presidential term Health, safety and wellbeing, and international collaboration will also be high on the agenda over next 12 months PETALING JAYA (July 1): Datuk Seri Michael Yam has been appointed as the new president of The Chartered Institute of Building (CIOB) for the 2022/2023 term.

PETALING JAYA (June 27): Kuala Lumpur Metro Group (KL Metro) and China State Construction Engineering Corporation (CSCEC) Malaysia commemorated the topping out of Imperial Lexis Kuala Lumpur and Grandview Residence on June 22 to mark the completion of the five-star hotel and luxury residences respectively.