Govt can claim RM10b from cancelled ECRL project, negotiations still ongoing, says Guan Eng
KUALA LUMPUR (Oct 22): The Malaysian government could claim back the RM10.
Risk of order-book reductions seen for construction sector
Construction sector Maintain neutral: In the mid-term review of the 11th Malaysia Plan 2016 to 2020 (11MP), the government has cut the development expenditure ceiling to RM220 billion from RM260 billion to consolidate its fiscal position.
Construction sites advised to implement safety measures for landslide prevention
KLANG (Oct 20): The Selangor Disaster Management Unit has advised all local councils in the state to set in place measures to prevent rain-related mishaps from occurring at construction sites.
11MP mid-term review: muted impact on construction sector, says CIMB Research
KUALA LUMPUR (Oct 19): CIMB IB Research has maintained its “Underweight” rating on the construction sector and said it sees muted impact on the overall sector, with no upside surprises in new contracts.
Average growth on construction sector to decelerate to 4.3% from 7.1% in 2016-2017
KUALA LUMPUR (Oct 18): Malaysia's construction sector is targeted to moderate at an annual average growth rate of 4.
The 'madman of China' sets sights on Malaysia
Criticism has been directed at the government's cancellation and deferment of infrastructure projects that involve Chinese state-owned enterprises (SOEs), amidst fears of upsetting China, and discouraging investments from the world's second-largest economy.
CPCG announces investment of up to RM10b in Malaysia
KUALA LUMPUR (Oct 12): A privately-owned Chinese construction firm announced yesterday it is open to participate in “federal projects that will benefit the people”, as it plans to invest up to RM10 billion in Malaysia over the next decade.
Federal Court to decide if KPKT can grant extension of time to developers – reports
PETALING JAYA (Oct 10): The Federal Court will decide whether the Housing and Local Government (KPKT) Ministry has the authority to grant developers an extension of time (EOT) for their property development projects.
Construction counters dip as govt retenders MRT2 underground work
KUALA LUMPUR (Oct 8): Construction counters this morning reacted negatively to news of the government's decision to retender MRT2's underground work, after terminating MMC-Gamuda KVMRT Sdn Bhd as the contractor.
