Gadang adopts cautious outlook for this year

A file picture shows Kok (right) looking at a model of the company’s mixed development project called Capital City in Johor Baru. The project is expected to be fully completed in five years.

Gadang Holdings Bhd, which is mainly involved in construction and property, is cautious on the economic outlook for this year and is conservative when it comes to expecting new jobs.

“This year should be tough for the economy and we choose to be conservative and have not yet identified any jobs that we think we can add to our order book or even tender for,” managing director and chief executive officer Tan Sri Kok Onn tells StarBizWeek.