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.
UPDATE: NREA marks its 10th year of recognising excellence in the property industry
KUALA LUMPUR (Oct 21): This year marks the 10th year since the National Real Estate Awards (NREA) was launched in 2009 to recognise excellence in the real estate industry, including real estate agents, real estate firms, real estate negotiators and probationary estate agents or valuers.
Illegal brokers from neighboring countries giving Malaysia bad rep – deputy housing minister
KUALA LUMPUR (Oct 21): The Housing and Local Government Ministry (KPKT) plans to work with relevant stakeholders to tackle the issue of more illegal brokers in Malaysia, said its Deputy Minister Raja Kamarul Bahrin Shah Raja Ahmad.
Melati Ehsan secures turnkey contract from controlling shareholder
KUALA LUMPUR (Oct 19): Construction group Melati Ehsan Holdings Bhd said its wholly-owned subsidiary Bayu Melati Sdn Bhd (BMSB) was appointed as a turnkey contractor for a development project development in Petaling Jaya, Selangor.
Vertice confident about infrastructure project in Penang
Formerly known as VOIR Holdings Bhd, Vertice is confident in the successful execution of a mega infrastructure project in Penang.
HSBC Malaysia headquarters on the market
Ahead of the completion of its new RM1 billion headquarters in the Tun Razak Exchange (TRX), HSBC Bank Malaysia Bhd has placed Menara HSBC South Tower (which currently houses its main office) up for sale.
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.
‘Every contractor failed to do soil erosion measures in every site’
GEORGE TOWN (Oct 20): The ongoing search and rescue operation for seven buried foreign workers at a construction site in Paya Terubong has led to information surfacing that reveals no construction sites in Penang are adhering to the soil erosion mitigation plan stipulated in their project approvals.
Top treats in Seri Kembangan
Seri Kembangan has a good mix of leisure and recreational offerings for the whole family.