Member Login

Visitor Counter

mod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_counter
mod_vvisit_counterToday425
mod_vvisit_counterYesterday347
mod_vvisit_counterThis week772
mod_vvisit_counterLast week2369
mod_vvisit_counterThis month5572
mod_vvisit_counterLast month13477
mod_vvisit_counterAll days1363524
Home Home News Construction News Updates

Construction News

CIDB eyes 400 industry players in first batch to sign CITP pledge | The Edge Property Malaysia

Business News By Bernama , 26 October 2015,


KUALA LUMPUR (Oct 26): The Construction Industry Development Board (CIDB) is aiming for 400 construction industry players in the first batch to sign the Construction Industry Transformation Programme (CITP) pledge.

"We will be going to each state in the country for the signing, and hopefully by the end of the year, we will get as many as companies as we can to be involved in this," CIDB chairman Tan Sri Dr Ahmad Tajuddin Ali (pictured) told reporters after the signing of the CITP pledge by 24 industry players here today.

Earlier, 56 industry players in Melaka inked their pledges under the four thrusts of the CITP, including Safety and Professionalism; Environmental Sustainability; and Internationalisation.

Stressing that all 24 entities were signing the pledge today on a voluntary basis, Ahmad Tajuddin said the move would be an effort to improve the industry together with all parties.

Meanwhile, CIDB chief executive officer Datuk Seri Judin Abdul Karim said currently, 93% of construction workers in Malaysia are low-skilled.

“To raise productivity, the industry needs to use the Industrialised Building System (IBS) and mechanisation, as well as reduce its reliance on low-skilled foreign workers," he said in his welcome address earlier.

Read More

Double-digit growth for Malaysia's construction industry

The Star Online, Business News, 16 September 2015,

KUALA LUMPUR: The Construction Industry Development Board (CIDB) is confident that the local construction industry will achieve a third straight year of double-digit growth in 2015, based on the number of projects undertaken year-to-date.

CIDB corporate and business sector senior general manager Sariah Abdul Karib said construction projects undertaken last year totalled some RM160bil, comprising both public and private projects.

“We’re still projecting double-digit growth. We’re confident we can achieve it despite the current market environment,” she told a media roundtable yesterday.

“We’ve been achieving double-digit growth since 2012 and the momentum is still there.”

In June, Sariah was quoted as saying that the construction sector was expected to grow 10.3% this year compared with 11.8% in 2014. It grew 18.1% in 2012 and 10.6% in 2013.

Separately, Sariah said CIDB expected productivity to increase by 2½ times to US$16,500 (RM61,939) per worker by 2020.

She said once the Construction Industry Transformation Programme (CITP), which was launched this month, picks up steam, productivity would be boosted by the modernisation of technology, with specific emphasis on building information modeling and industrialised building systems (IBS) as effort multipliers.

Sariah said currently, all government projects exceeding RM10mil must incorporate IBS into their developments.

Read More.

Construction sector shifts gear

The Star Online, Business News, , 29 September 2015,

PETALING JAYA: The construction sector may be the only bright spot in the Malaysian economy as the pipeline of projects to be awarded in the second half of this year and up to next June is expected to hold steady on a stream of civil infrastructure jobs.

The sector’s focus would now shift to new tenders for the public transport and highway segments with the Mass Rapid Transit 2 (MRT 2) and Light Rail Transit 3 (LRT 3) projects entering either prequalification or award phases in the second of this year and the first-half of next year with the total value of jobs amounting to RM39bil.

CIMB Research analyst Sharizan Rosely expects public-transport jobs to support the sector’s outlook. He has an “overweight” call on the sector. “Our channel checks confirmed that overall job visibility continues to look good, which should be enhanced by the announcement of Budget 2016 on Oct 23,” he said.

Sharizan added that the jobs would be broken into 17 to 20 packages worth between RM800mil and RM1.5bil each.

Read more

 

More Articles...