KUALA LUMPUR (March 31): The 2021 Maintenance Contractors Development Programme (PPKP) has been launched today to assist small contractors generate income in the current challenging economic situation in the country.
KUALA LUMPUR (Dec 31): Prasarana Malaysia Bhd is believed to have withheld payment of more than RM700 million that is owed to 17 contractors and consulting firms for the Light Rail Transit 3 (LRT3) project.
KUALA LUMPUR (June 10): Master Builders Association Malaysia (MBAM) president Foo Chek Lee has been appointed as the new chairman of Asean Constructors Federation (ACF), effective today.
KUALA LUMPUR (June 5): The Government has allocated RM1.
KUALA LUMPUR (Dec 6): It is no secret that the Malaysian construction market has slowed down markedly since the 14th general election in May last year, but the situation is so dire that certain contractors are putting in below cost bids just to keep their staff employed.
KUALA LUMPUR (Aug 16): Putrajaya is reopening the registration of G1 Grade Bumiputera contractors after freezing it for 14 years, and would review the maximum amount of contract value they can undertake from government projects.
KUALA LUMPUR (October 8): Property developers have until the end of this month to announce the discount that can be passed on to house buyers arising from the sales and services tax (SST) exemption on construction materials, but cutting prices may not be as easy as it is set out to be.
PETALING JAYA (October 5): The Malay Economic Action Council (MTEM) has said China companies must develop smart partnerships with locals in Malaysia.
PETALING JAYA (June 30): Malaysia Rail Link Sdn Bhd (MRL), the owner of the East Coast Rail Link (ECRL) project, would not have signed the papers for the project out of its own volition, sources told The Star.
Construction sector Maintain neutral: The ongoing reviews of public-sector infrastructure projects have raised uncertainties over the status of ongoing and planned infrastructure projects.