News about construction

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.

KUALA LUMPUR (Sept 30): Sunway Construction Group Bhd’s (SunCon) unit Sunway Construction Sdn Bhd (SCSB) has been awarded two projects from indirect subsidiaries of its major shareholder Sunway Bhd, it announced in a bourse filing today.

The Covid-19 outbreak has changed the game rules, and the conventional labour intensive way might not be feasible in the future.

PETALING JAYA (Sept 16): Government’s role is crucial in supporting the rollout of new construction technologies in the country and regulation is also important for the industry players to adapt to new building methods, said Hong Kong-based Ho & Partners Architects (HPA) executive chairman Nicholas Lik Chi Ho.