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Tag : Construction Industry Malaysia

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  • Hap Seng Buys KL Metropolis Land for RM869M

    Jan 06, 2022 0 comment(s) Categories: News
    KL Metropolis Land

    Hap Seng Buys KL Metropolis Land for RM869M Sierra Positive Sdn Bhd, a wholly owned subsidiary of Hap Seng Consolidated Bhd, has entered into a conditional sale and purchase agreement to acquire a parcel of commercial land from TTDI KL Metropolis Sdn Bhd (TKLM) for RM868.67 million. TKLM is a wholly owned subsidiary of Naza TTDI Sdn Bhd, which in turn is an 80%-owned subsidiary of Naza Corp Holdings Sdn Bhd. In a filing with Bursa Malaysia today, Hap Seng said the acquisition of the land, known as Met 3 Land, Plot 7A, KL Metropolis, would be funded by internally generated funds and bank borrowings. The 6.2ha of land which is adjacent to Malaysia International Trade and Exhibition Centre (MITEC) would enable the group to strengthen its property development

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  • Gagasan Nadi secures a RM195.2m residential project

    Jan 05, 2022 0 comment(s) Categories: News
    Residential Units Secured by Gagasan Nadi

    Gagasan Nadi Secures a RM195.2m Residential Project GAGASAN Nadi Cergas Bhd has secured a construction contract worth RM195.2 million from a subsidiary of Paramount Corp Bhd (Paramount Group). Nadi Cergas Sdn Bhd, a wholly owned subsidiary of Gagasan Nadi, has received a letter of award (LoA) from Paramount Property (Sepang) Sdn Bhd to undertake the turnkey contract of designing and developing 1,076 high rise residential units in Greenwood Salak Perdana, Selangor. Construction works will commence in the fourth quarter of 2022 and it is expected to take 48 months to complete, the company said in a statement yesterday. The LoA comes as a confirmation of the previous letter of intent awarded by Paramount Group on May 24, 2021. “This LoA bodes well with our commitment to provide affordable accommodation to

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  • Construction industry will move towards green buildings gradually

    Dec 29, 2021 0 comment(s) Categories: News
    Green Building Outlook in Malaysia's Construction Industry

    Construction Industry Will Move Towards Green Buildings Gradually Stakeholders within the Malaysian buildings and construction industry will gradually embrace green buildings given the increasing focus on sustainability from real estate investors and more stringent building energy codes from policymakers to address climate change. CGS-CIMB Research expects the domestic buildings and construction sector to likely evolve to achieve net-zero carbon buildings by implementing mandatory building energy codes and targets for more buildings to be green-certified. Efforts will also include the adoption of industrialised building systems (IBS) and automation and the increased usage of eco-friendly green building materials. The research firm also noted that as the buildings and construction sector are responsible for over one-third of the world's energy consumption and the total direct and indirect energy-related carbon emissions in 2020,

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  • SCIB Bids on Hospitals, Schools, Offices and Affordable Houses Project

    Dec 27, 2021 0 comment(s) Categories: News
    SCIB Bidding on Construction Contracts Totalling RM3 billion

    SCIB Bidding on Hospitals, Schools, Offices and Affordable Houses Project Sarawak Consolidated Industries Bhd (SCIB) is actively bidding on construction contracts totalling RM3 billion and aims to secure between 17 and 24 per cent from the bidding tender after considering the post-pandemic regulations and restrictions into the equation. "We are aiming at winning contracts in affordable housing projects under the Ministry of Housing and Local Government like the 1Malaysia Civil Servants Housing Scheme (PPA1M), 1Malaysia People's Housing Programme (PR1MA) and Syarikat Perumahan Negara Bhd (SPNB) in Terengganu and Kelantan," SCIB group managing director and chief executive officer Rosland Othman told The New Straits Times. With a current order book value at RM1.3 billion, translating into healthy earnings visibility up to 2026, the company is also tendering construction contracts

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  • Tips & Tricks When Renting an Equipment

    Dec 17, 2021 0 comment(s) Categories: Industry Insight, Machinery Tips
    Rent Construction Equipment Like a Pro

    Tips & Tricks When Renting an Equipment Anyone can rent equipment. It takes a savvy operator and a forward-thinking company to really get the most out of that rental. In order to get the most of your rental, planning ahead and asking yourself questions like, “how does a heavy equipment rental work” and “what are the costs of renting” are important. It’s also valuable to understand your role as a renter in equipment maintenance. All of these questions will help you be prepared to make the most of your rented equipment. These tips on using rented equipment and getting the most of your rental will help you rent equipment with confidence.  When renting equipment you need to decide what type of equipment you need, prepare a few days

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  • Builders Associations Urge Government to Curb the Rising Cost of Construction Materials

    Dec 16, 2021 0 comment(s) Categories: News
    Construction Industry Supply Chain

    Builders Associations Urge Government to Curb the Rising Cost of Construction Materials The government should intervene and manage the increase in prices of building materials in Kuala Lumpur, say several building and construction associations. They also appealed to the government to monitor the situation to ensure there are no profiteering or anti-competitive practices in the construction industry supply chain and to step in with enforcement when necessary. “The government should also expedite the entry of foreign workers to ease the current shortage,” they said in a joint statement on Monday (Dec 13). The statement was signed by the Master Builders Association Malaysia (MBAM), Real Estate and Housing Developers’ Association Malaysia (Rehda), Persatuan Kontraktor Melayu Malaysia (PKMM), Persatuan Kontraktor Bumiputera Malaysia (PKBM), Guild of Bumiputera Contractors Wibawa (GBC Wibawa), The

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  • Merdeka 118 would be the first tower in the country to receive triple platinum green ratings

    Dec 15, 2021 0 comment(s) Categories: News
    Construction of Merdeka 118 Tower

    Merdeka 118 Would Be The First Tower In The Country To Receive Triple Platinum Green Ratings The construction of the Merdeka 118 tower amid the Covid-19 pandemic marks a great engineering achievement for the country and reinforces Malaysia’s position as a modern and developed nation. Prime Minister Datuk Seri Ismail Sabri Yaakob said he was informed Merdeka 118 would be the first tower in the country to receive triple platinum green ratings in international sustainability certification as well as the prestigious WELL certification. (The WELL Building Standard takes a holistic approach to health in the built environment addressing behaviour, operations and design.) “This makes Merdeka 118 the industry benchmark in Malaysia as an iconic tower of the future,” he said at the Merdeka 118 tower spire completion ceremony. Ismail Sabri

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  • Targeted 30,000 jobs available in construction sector next year

    Dec 09, 2021 0 comment(s) Categories: News
    More Construction Jobs Available Next Year

    Targeted 30,000 Jobs Available in Construction Sector Next Year The Works Ministry (KKR) estimates that some 30,000 jobs will be created in various fields, especially the construction sector, next year. Its deputy minister Datuk Arthur Joseph Kurup said the job opportunities will be offered under the Short-Term Employment Programme (mySTEP) and Professional Training and Education for Growing Entrepreneurs (PROTÉGÉ) which will begin in January 2022. “Under the 2022 Budget, we (KKR) want to boost the construction sector to create employment opportunities for locals, especially the youth,” he said on the “Selamat Pagi Malaysia” programme broadcast by RTM’s TV1 channel. Therefore, he said industry players need to use technology and mechanisation for the implementation of construction projects in line with the transition of the construction industry in the Fourth Industrial

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  • MoU Between MIDA and CIDB to Raise the Standard of the Construction Sector

    Dec 08, 2021 0 comment(s) Categories: News
    Construction Revolution 4.0

    MoU Between MIDA and CIDB to Raise the Standard of the Construction Sector The Malaysian Investment Development Authority (MIDA) and the Construction Industry Development Board (CIDB) have inked a memorandum of understanding (MoU) to promote technology adoption and global best practices among Malaysian construction industry players in order to raise the standards and competitiveness of the sector. The MoU, with a five-year partnership commitment to strengthen the Construction 4.0 Strategic Plan, is in line with the Wawasan Kemakmuran Bersama (WKB) 2030 and the National Policy on Industry 4.0 (Industry4WRD), MIDA said in a statement today. “The collaboration will also see both parties enhancing the areas of policy development and advocacy; research and development, training, and promotion of Industrialised Building Systems (IBS); Industrial Revolution 4.0 (IR4.0) and Construction Revolution 4.0

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  • Moderate COVID-19 Impact compared to last year

    Dec 07, 2021 0 comment(s) Categories: News
    CIVac softens the COVID-19 Impact

    Moderate COVID-19 Impact compared to last year The extended Covid-19 outbreak in the country has continued to affect the construction industry this year, but the impact has been more moderate compared to last year due to a vaccination rollout targeted at construction workers, among others.  The Construction Industry Development Board’s (CIDB) CEO Datuk Ahmad Asri Abdul Hamid said a proactive approach had been taken by the Ministry of Works (KKR) through CIDB to increase vaccination rates among construction workers.  “The Construction Industry Vaccination Programme (CIVac), which is a specific vaccination programme for construction workers, was launched on July 1, 2021, and implemented in five states. The CIVac programme ended on Sept 28, 2021, with 100,180 workers fully vaccinated,” he told Bernama.  He said the government has ensured that construction projects

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