News about construction

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.

  KUALA LUMPUR (April 24): The project and asset owner of the East Coast Rail Link (ECRL) project, Malaysian Rail Link Sdn Bhd (MRL), has dismissed allegations that China Communications Construction Company Ltd (CCCC) will be able to state their claim on assets, minerals or objects of interest during the construction of the 640km railway.

  KUALA LUMPUR (April 18): Malaysia Rail Link Sdn Bhd (MRL) clarified yesterday that a proposed joint operations agreement between the company and China Communications Construction Company Ltd (CCCC) does not involve ceding any form of ownership of the East Coast Rail Link (ECRL) to its Chinese counterpart.

  PETALING JAYA (April 16): Jalan Tun Razak, known for its traffic congestion, will soon see the construction of a 2.

  KUALA LUMPUR (April 16): Apart from reducing the East Coast Rail Link (ECRL) construction cost by RM21.