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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.
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.
MORE than 15 years after Muhibbah Engineering (M) Bhd (MEB) received Construction Industry Development Board (CIDB) Malaysia’s International Achievement Award, it still retains its position among the top Malaysian construction companies for its global reach.
KUALA LUMPUR: Construction Industry Development Board Malaysia (CIDB) and Royal Institution of Surveyors Malaysia (RISM) have launched Building Cost Information Service Malaysia Sdn Bhd which will be the main service provider of CIMB’s National Construction Cost Centre (MyN3C).
KUALA LUMPUR: CSC Steel Holdings Bhd's net profit for the third quarter ended Sept 30,2019 surged by 253% to RM10.53mil from RM2.98mil a year ago, underpinned by improved margins, higher sales and lower production costs.