Najib says Malaysia will not get back RM10bil from ECRL cancellation
PETALING JAYA (Oct 23): Former Prime Minister Datuk Seri Najib Razak has refuted Finance Minister Lim Guan Eng's claim that Malaysia will get back RM10.
Musical fountain not built by us, says PPES Works (Sarawak) and Naim Land
KUCHING (Oct 23): Both PPES Works (Sarawak) Sdn Bhd (PPES) and NAIM Land Sdn Bhd (NAIM) have clarified that they were not involved in the construction of the Darul Hana musical fountain on the Sarawak River in front of Sarawak's Dewan Undangan Negeri building, as mentioned in recent media reports.
Sunsuria Forum’s street mall in Setia Alam set to open by 1Q19
KUALA LUMPUR (Oct 23): Sunsuria Bhd has unveiled the retail tenants of Sunsuria Forum@7th Avenue, Setia Alam, Selangor — a freehold integrated development consisting of serviced apartments, corporate offices, small office home office (Soho) suites and a lifestyle mall.
Emkay's cross-subsidy affordable housing idea a 'private sector perspective', says minister
KUALA LUMPUR (Oct 22): The suggestion by Emkay Group executive chairman Tan Sri Mustapha Kamal Abu Bakar to sell affordable houses in Kuala Lumpur through a cross-subsidy method is a "perspective of the private sector", said Housing and Local Government Minister Zuraida Kamaruddin.
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.
The Senja rises
Property developers have moved on from building basic shelters to providing quality, sustainable homes that offer lifestyle elements that meet the discerning needs of homebuyers today.
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.
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.
