Transparency in construction industry to be enhanced


  • Business
  • Thursday, 03 Jun 2004

The newly integrated national construction information and communication technology (ICT) infrastructure under the Construction Industry Development Board (CIDB) will enhance transparency and corporate governance in the construction industry, Works Minister Datuk Seri S. Samy Vellu said. 

The new ICT infrastructure, which forms part of the national eGovernment framework to leverage on the Internet to reorganise the local construction sector, is said to level the playing field for Malaysian contractors in the local and international construction arena. 

Speaking after the launching ceremony of the national construction ICT framework in Kuala Lumpur on Tuesday, Samy Vellu said the incorporation of the National eTender System into CIDB's ICT framework would boost corporate governance in the public tendering process. 

The National e-Tender system is targeted for implementation on several selected construction projects this year. 

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Next In Business News

Ringgit opens lower on Covid concerns, hawkish Fed
Quick take: Inta Bina rises on contract win
Investors upbeat on gloves, other sectors retreat
Quick take: Kossan rises 7% after earnings beat
Trading ideas: Inta Bina, M3 Technologies, AT Systemization
Analysts raise earnings estimates on Kossan
BHP sees full-year iron ore output near upper end of forecast
Netflix subscriber growth slow, reveals US$17bil in content spending in 2021
Apple packs iPad Pros with faster chips, slims iMacs and jumps into tracking tags
Oil drops from one-mth highs on demand fears as virus surges

Stories You'll Enjoy


Vouchers