Reviewing 2018: 10 highlights
It would probably be an understatement to say the year 2018 has been an extraordinary year for Malaysia.
Sarawak is the next place to be for construction, says HLIB Research
KUALA LUMPUR (Dec 28): As crude oil markets pulled back, sparking concerns of a federal budget recalibration, construction players who have shifted their focus to East Malaysia may find shelter there as state-funded projects are insulated from the risk of reduction of the federal government spending.
Toll hike freeze to cost Putrajaya RM994m
KUALA LUMPUR (Dec 28): The freeze on toll hikes for highways and the abolition of motorcycle tolls next year are set to cost the government RM994.
Country Garden Danga Bay to appeal against JB High Court decision on judicial review
PETALING JAYA (Dec 28): Country Garden Danga Bay Sdn Bhd (CGDB) — the developer of the Danga Bay mega-project in Johor — will appeal against the decision made by Johor Bahru High Court today on a judicial review of the state’s housing tribunal’s award.
UOA Development buys two Pantai plots in KL for RM25m
KUALA LUMPUR (Dec 27): UOA Development Bhd has acquired property developer Naik Makmur Development Bhd for RM24.
EcoFirst seeks to jointly develop RM1.25b project
KUALA LUMPUR (Dec 28): EcoFirst Consolidated Bhd is seeking to jointly develop a RM1.
Nan Hai-Malton JV enters next bidding phase for Taipei project
KUALA LUMPUR (Dec 28): Malton Bhd’s joint venture (JV) with Hong Kong-listed Nan Hai Corp Ltd has been selected to enter into the next phase of the bidding process for the construction of a superstructure above the airport express train station located near the Taipei main train station in Taiwan.
Worst year for construction companies in a decade
KUALA LUMPUR (Dec 28): The construction sector hadn’t had it good this year, with some construction firms posting its lowest profits in a decade.
