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PETALING JAYA: Tuju Setia Bhd has received approval from the Securities Commission to list on the Main Market of Bursa Malaysia.
KUALA LUMPUR: Construction services company Tuju Setia Bhd has received approval from the Securities Commission to list on the Main Market of Bursa Malaysia.
KUALA LUMPUR (Bernama) -- Inadequate supply of iron ore worldwide is among the reasons why the price of steel bars in the country’s construction sector has increased, said Construction Industry Development Board (CIDB).
KUALA LUMPUR: The Covid-19 outbreak in the country has left a lasting scar on the construction industry with suspension and delays in projects as well as cost overruns coupled with about 4,000 Covid-19 infections recorded just at various worksites as of Dec 21, making it extremely vulnerable.
PETALING JAYA: Local construction players are in for a slow earnings-recovery path, following business disruptions during the movement control order (MCO) and delay in restarting operations.
Sector among hardest hit currently by pandemic
AFTER the Pakatan Harapan government was installed in 2018, many contractors and their supply chain suffered severe cashflow disruption and had to incur bank borrowings in order to keep the projects afloat due to the restructuring exercise.
In 2016, to the shock of many, the Alpha Go computer program, developed by Google Deep Mind, managed to beat professional Go player Lee Sedol.
KUALA LUMPUR: CGS-CIMB Equities Research expects the first half of 2020 to be subdued for construction companies following the recent political developments up to the change in government.