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TOP Glove Corp Bhd’s founder and chairman Tan Sri Lim Wee Chai’s entry into property developer LBS Bina Group Bhd over the past week is noteworthy.
BACK in the early 2000s, the thought of running his family’s prefabricated container business did not really cross James Yeoh Chor Guan’s mind. The UK-educated mechanical engineer was, after all, working with one of the world’s largest consultancy firms in Singapore. The perks were good and so was the prestige.
THEY can’t promise you a glamorous building with white picket fences, but the prefabricated, or widely known as prefab, schemes have been tagged as a clever and industrious way to build homes efficiently and affordably and they are gaining a reputation as a viable solution for the built environment.
KUALA LUMPUR: Malaysian construction industry players have to keep up with the latest local and global trends, as well as developments to maintain their competitive edge moving forward.
KUCHING: Sarawak Consolidated Industries Bhd (SCIB), the company controlled by billionaire Datuk Mohd Abdul Karim Abdullah, is eyeing more contracts to supply industrialised building system (IBS) products in its home state.
SCANDINAVIAN Industrialised Building Systems (SIBS) will invest over RM200mil for a second manufacturing facility in Penang Science Park, Bukit Minyak, to boost production of its modular construction materials.
IN view of the lacklustre market and oversupply situation, the real estate sector has urged the government to remove and reduce the real property gains tax (RPGT) after the fifth year of purchase for non-citizens and companies to 5%, instead of the current 10% and zero tax for Malaysians and PRs.
PETALING JAYA: Property developer LBS Bina Group Bhd has called for greater measures to boost house ownership in Malaysia and to lift the property sector.
KUALA LUMPUR: The Construction Industry Development Board Malaysia (CIDB) through its subsidiary, Construction Research Institute of Malaysia (CREAM), has inked a strategic partnership with Gamuda Industrial Building System Sdn Bhd (GIBS) on information research and data sharing to enhance construction productivity in Malaysia.
PETALING JAYA: Property developer S P Setia Bhd has achieved a record-breaking industrialised building system (IBS) score of 93.95 by the Construction Industry Development Board for more than 25,000 homes built to date.