News about construction

  KUALA LUMPUR (Aug 14): Vertice Bhd’s wholly-owned unit Vertice Construction Sdn Bhd has bagged two contracts worth a combined RM22 million for works on the Mass Rapid Transit Sungai Buloh–Serdang–Putrajaya (SSP) Line, also known as MRT2.

KUALA LUMPUR (Aug 6): The Construction Industry Development Board (CIDB) Malaysia hopes there will be allocation under Budget 2020 for incentives to encourage the construction industry to adopt Building Information Modelling (BIM).

  KUALA LUMPUR (Aug 2): A total of 331 out of 1,321 Malaysian construction companies have been shortlisted as potential tenderers for civil work packages of the planned RM44 billion 640-km East Coast Rail Link (ECRL), which is expected to link Kota Bharu to Putrajaya in about four hours, said project and asset owner Malaysia Rail Link Sdn Bhd (MRL).

PETALING JAYA (July 4): The Boon Siew group has rebutted a report on its involvement in the purchase of a plot of land which the state of Penang had alienated to a private company.

KUALA LUMPUR (July 2): Vertice Bhd has proposed to place out new shares — up to 10% of its enlarged issued share capital — to independent third party investor(s) to be identified later, to raise as much as RM19.

KUALA LUMPUR (June 28): Sunway Construction Group Bhd (SunCon) has secured three projects worth a total of RM496.

KUALA LUMPUR (June 18): The construction sector will likely have to brace for more downside moving forward apart from the rising building material costs, according to TA Securities.

  Sunway Construction Group Bhd (June 12, RM2) Maintain underweight with a fair value (FV) of RM1.

  KUALA LUMPUR (June 7): Malaysia’s online hiring activity in the engineering, construction and real estate industry recorded the steepest annual decline in April this year, according to the latest Monster Employment Index (MEI).

PETALING JAYA (May 10): Kuala Lumpur continues to be the fourth least expensive city in Asia to build in, according to the “International Construction Costs 2019” report published by Arcadis, the global design & consultancy firm for natural and built assets.