News about construction

KUALA LUMPUR (Aug 27): Malaysian Resources Corp Bhd reported a net loss of RM219.

GEORGE TOWN (Aug 26): Certain construction projects in Penang island will be given 24-hour approval to start work, the Malay Mail reported today.

KUALA LUMPUR (Aug 24): Ho Hup Construction Co Bhd has bagged a RM137 million contract for upgrading works under phase two of the Klang Valley Double Track (KVDT) project.

KUALA LUMPUR (Aug 19): Construction group and concessionaire Gagasan Nadi Cergas Bhd saw its net profit fall 76.

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.

KUALA LUMPUR (Aug 12): Kejuruteraan Asastera Bhd (KAB) has accepted two letters of appointment (LOAs) with a total contract sum of RM17.

KUALA LUMPUR (Aug 10): AmInvestment Bank Research (AmBank) has maintained “Underweight” on Sunway Construction Group Bhd at RM1.

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.

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.

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.