Should go more

Construction place is real , profit is real. Share price is not real

Yes , can earn two more curry bento

PETALING JAYA: Malaysia Productivity Corporation (MPC) and the Ministry of Works are committed to driving the productivity of the construction sector in the country through the establishment of the Construction Productivity Nexus.

MPC director-general Datuk Abdul Latif Abu Seman (pix) said the establishment of Construction Productivity Nexus, as announced in the 12th Malaysia Plan (12MP), was an important platform led by the private sector to drive productivity growth of the construction sector.

Two new productivity nexuses were established under 12MP, covering construction and logistics services. These two sectors contributed 7.1% to gross domestic product and 12.9% to total employment in 2020.

“Nexus plays an important role in identifying issues that hinder productivity growth. Through Nexus governing committee, both public and private sectors will work together to implement initiatives to increase productivity,“ said Abdul Latif in a statement.

He said it would strengthen and facilitate business start-ups in the construction industry, which was implemented previously by Technical Working Group on Dealing with Construction Permits under Special Task Force to Facilitate Business (Pemudah).

“Construction Productivity Nexus has conducted several discussions with Construction Industry Development Board (CIDB) and will work with construction industry associations to implement this initiative,“ he added.

It will collaborate with several associations such as the Master Builders Association Malaysia, Real Estate and Housing Developers’ Association Malaysia, Malaysian Malay Contractors Association, Malaysian Bumiputera Contractors Association and Malaysian Indian Contractors Association.

Meanwhile, Works Ministry secretary-general Datuk Wan Ahmad Uzir and Champion of Digital Productivity Nexus Datuk Wei Chuan Beng expressed their commitment to addressing issues related to the development of digital infrastructure along the highway.

Both parties agreed to acquire more comprehensive information and data from industry players to take further action.

https://www.thesundaily.my/business/mpc-works-ministry-to-drive-construction-sector-productivity-EL8863969

0.10 coming soon

I buy buy

Run run run

Therefore you see it trash. I got no comment. Is perspective issues only

Trash having recycle value. Sometime is how you see only ...

Ages share will come back soon

KUALA LUMPUR (Feb 8): The National Recovery Council (NRC) has agreed for Malaysia’s international borders to be fully reopened from as early as March 1, 2022 without compulsory Covid-19 quarantine, said its chairman Tan Sri Muhyiddin Yassin.

However, Covid-19 screening tests would have to be conducted in accordance with Ministry of Health requirements for both departure and arrivals, Muhyiddin said in a statement on Tuesday (Feb 8).

“The reopening of national borders must be implemented strategically and based on concurrent assessment of risks,” he added.

The NRC’s decision followed a meeting on Tuesday, which saw the council reviewing the proposal for national border reopening by Immigration Department director-general Datuk Seri Khairul Dzaimee Daud.

“Malaysia is among the countries with the highest percentage of completed vaccination [against Covid-19] in the world, with 98% [of its] adult population and over 78% [of its] national population having received complete doses.

“More than 50% of the adult population have also received their booster shot. This helped reduce the burden on the national healthcare system. The administration of booster shots and vaccines for adolescents and children will be increased after taking into account the emergence of the Omicron variant,” the statement read.

Meanwhile, the NRC also proposed to streamline all financial assistance for micro, small and medium enterprises by different government funding agencies, so that the effort can be implemented systematically to optimise utilisation of resources, to reduce overlaps and to ensure more affected parties can receive the necessary aid.

Additionally, the NRC also supports propositions by the Construction Industry Development Board to immediately address issues of rising construction material costs, undersupply of labour and the impact of the movement control order, while also coming up with long-term solutions to related structural issues, it said.

https://www.theedgemarkets.com/article/nrc-proposes-reopening-malaysias-borders-early-march-without-compulsory-quarantine

Ages not longer strong like previous but slowly picking up. Guess the share price will slowly recover soon.

Construction is downtrend, but it is also showing a chance to buy in !

KUALA LUMPUR (Feb 5): Malaysia’s construction sector has seen better days over the last decade, when players benefited from the influx of huge infrastructure jobs across the country.

But things have taken a turn since 2019. Despite many proposals to roll out more megaprojects prior to that, fiscal constraints faced by the federal government, and later the Covid-19 pandemic, slowed down some plans and brought others to a screeching halt.

This includes the High Speed Rail, the Mass Rapid Transit (MRT) Circle Line, the Rapid Transit System Link and the Pan Borneo Highway.

As past contracts near completion, players have come out with many proposals in recent years to circumvent the government’s fiscal challenges and keep the job flow coming.

Several projects like the MRT 3 are seeing signs of revival, but multiple delays and discussions over the execution methods have kept investors on the sidelines, with the Bursa Malaysia Construction Index near its lowest since April 2020.

The smaller pool of projects have also resulted in more competition, particularly when foreign players have entered the picture and as the industry faces other pandemic challenges, such as rising costs and labour shortages.

Further, the federal government — which has changed three times in three years — also has to balance the development of East and West Malaysia, and to ensure projects that have started can be completed.

What is the outlook for the sector and what are the actions taken by the government and contractors to revitalise the industry? And with construction stocks out of love, have they come down to levels that are deemed attractive?

https://www.theedgemarkets.com/article/construction-industry-doldrums

OKOK , rubbish throw throw … I slow slow buy .

See , citadel also supportive . Ages go go

Hahahaah… good good good , attracting more people

But now more is throwing stone

Is ok not to help

https://www.thestar.com.my/aseanplus/aseanplus-news/2022/01/18/digital-transformation-in-construction-industry-highlighted

BANDAR SERI BEGAWAN (Borneo Bulletin/Asia News Network): PUJA Academy Sdn Bhd (PASB) organised a seminar entitled ‘Digital Transformation in the Construction Industry in Malaysia’ by Wong Chee Fui from Malaysia.

The online seminar brought together over 50 participants, consisting of members from Intitution of Surveyors, Engineers and Architects (PUJA) Brunei, the government sector and the public.

Wong Chee Fui is a specialist at Universiti Tunku Abdul Rahman (Utar). He has been involved in the design, project management and implementation of major construction projects both locally and internationally, and thus has extensive knowledge of the construction industry.

His experiences include highway infrastructure design, water supply management, water resources and dam construction, sewerages, landfills and waste management.

The webinar aimed to share Malaysia’s experience in the digital transformation in the construction industry towards the adoption of Industry 4.0.

The presentation covered the introduction on Industry 4.0, Malaysia’s policy in the implementation of Industry 4.0 and the emerging technology in the construction industry such as building information modelling (BIM), industrialised building system (IBS), drone technology and other emerging technologies.

The recommendations on how the construction industry can move towards the adoption of Industry 4.0 were also discussed.

PASB continues to actively offer virtual webinars and courses to improve the competency of PUJA members and the construction industry, with its mission of ‘Promoting Awareness, Improving Knowledge and Enhancing Experience’.

Also happy with the shark

Later price go

Maybe lo

As mentioned 2022 , good return at construction

Stay chill and relax

Cannot run then stay lo

Lol , where got multimillion mou ??

Looking for a good price

Maybe lo… but if later rebound you will missing again ?

Wow , citadel now want to triggered everyone.

Either 1

Yes, maybe they busy cut loss, or they busy to sapu.

Inspiration comes from within yourself. One has to be positive. When you’re positive, good things happen

Dated 14th January 2022, AGESON had released something critical to the investment public, which is the update on the status on the sand deals. And as the title obviously stated, all the sand deals had been mutually terminated.

Back on 22nd April 2020, the company’s property development and construction business had faced a huge challenge, which is the COVID-19. Unlike other property developer or construction player, the company decided to step out of their comfort zone and venture into the sand business to diversify and expand their income.

And now, due to the commercial viability, which we can see from the increase in costs of shipping had no longer make sense, the company decided to halt the sand deals.

I understand that some of the investors might taken this as a negative surprise, but do you, as an investor truly want a company to add on a potentially loss-making venture?

I doubt so.

So, with the safe exit from the sand deals by AGES, investor should not take this a downside, but instead, it allows the company to focus their resources back onto the property development and construction segment, which is obviously recovering now.

I look forward for a steep rebound in the share price for AGES.


https://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=25280

Go home or go BIG

But is a time to buy in dip ?

Now Ages is not longer solid

Recent Developments

MAY 2020: According to Malaysia Airports Holdings Bhd (MAHB), The Subang Airport (SZB) car park will be upgraded and the project is expected to be completed by the third quarter of 2021 with the addition of 200 parking spaces bringing the total to 1,000. In the Subang Airport Redevelopment plan, MAHB aims to provide optimum growth potential for the commercial aviation and aerospace segment at the airport in line with the national plan.

FEB 2021: The Malaysian Association of Construction Contractors (MBAM) hopes the government can further improve the Interim Measures to Reduce the Impact of Coronavirus Disease Act 2019 (COVID-19) 2020 to offer better and permanent protection to construction industry players. On February 2, MBAM submitted a proposal to improve the act for the benefit of MBAM members and the construction industry to the Malaysian Construction Industry Development Board (CIDB) Malaysia.

Increase in Residential Constructions To Drive the Construction Market
In 2020, the value of construction work in Malaysia was valued at approximately 117.9 billion Malaysian ringgit, indicating a decrease from prior years due to the pandemic. The construction sector in Malaysia grew at a slower pace in 2019. In 2020, residential building construction by the public sector in Malaysia was valued at approximately 1.67 billion Malaysian ringgit. However, the public residential building construction market in Malaysia has been observing a strong growth until 2019 when it was valued at 1.9 billion Malaysian ringgit, rising from 1.46 billion Malaysian ringgit. In 2020, the value of residential building construction by the private sector in Malaysia was valued at approximately 37.26 billion Malaysian ringgit, down from 32.78 billion Malaysian ringgit in 2019.

The previous government had announced a total of 300,000 housing units through its various housing programs, such as 1Malaysia Civil Servants Housing project (PPA1M) which aimed to build 175,000 affordable housing units across the country, First House Deposit Financing, Program Rumah Mesra Rakyat, People's Housing Program (PPR), and Syarikat Perumahan Negara Berhad. These projects boost residential construction markets during the forecast period.

Key Market Trends

Investments in Infrastructure Sector to Boost Construction Activity
The Malaysian government has made considerable progress to expand and modernized its infrastructures throughout the country. This effort is evident by the five-year centralized economic development plan known as the Malaysia Plan, whereby public sector infrastructure development consistently holds the largest funding portion.

Among the revived mega infrastructure projects is the 640 km-long East Coast Rail Link project, which resumed work on July 25 2020 after a year-long suspension. The bulk of domestic demand for Malaysian steelmakers will likely come from the construction of the 20 stations planned for the rail project as there is no rail maker in Malaysia.

In addition to ECRL, other projects such as the Light Rail Transit 3, Mass Rail Transit 2, Electrified Double Track Gemas-Johor Bahru, Klang Valley Double Track Phase 2, Central Spine Road, Pan Borneo Highway, and Coastal Highway in Sarawak are expected to boost Malaysia's construction segment.

As of October, the ECRL project is on track for completion by the end of 2026, Darwis Abdul Razak, chief executive officer of Malaysia Rail Link, said.

The construction industry is expected to expand in 2021, as major infrastructure and affordable housing projects are revived and accelerated to meet deadlines. Most of the growth is expected to be fuelled by domestic investments. State investments and developments in Penang, Johor, and Negeri Sembilan will also help boost the construction industry in 2021.

The outlook for the construction industry seems more optimistic after the proposed 2021 Budget was unveiled on 6 November 2020. The annual Budget has always been the driving force for the construction industry. National infrastructure projects will also steer state governments and local businesses to focus their investments and resources on the development of business hubs and townships, lifting the construction industry as a whole.

https://www.mordorintelligence.com/industry-reports/malaysia-construction-market

Market Overview

The Malaysian construction industry has been severely affected by the disruption caused by the pandemic. The industry's output has shrunk, as construction activity was brought to a standstill across many parts of the country, owing to the containment measures. For example, in Jun 2020, over 5,000 sites were not yet operational of the 6,750 construction sites inspected by the Construction Industry Development Board (CIDB). In 2020, the value of construction work done contracted by 19.4% to RM117.9 billion as compared to RM146.4 billion in 2019. All sub-sector recorded a decline in the value of construction work done, where the Civil engineering sub-sector decreased 24.0%, Residential buildings sub-sector (-17.2%), Non-residential buildings sub-sector (-17.1%), and Special trades activities sub-sector (-2.1%).

The Government’s vision 2020 project has been a major boost to the construction sector supported by the government’s plan to improve the country’s transport network and tourism infrastructure and increase the volume of renewable projects. Moreover, government efforts to address the country’s housing shortage have helped the industry to witness growth during the review period.

In 2021, the industry is expected to recover, supported by investments in infrastructure, healthcare, education and renewable energy projects. In March 2020, the government announced plans to spend USD 472.8 million on infrastructure development projects.

Among the specific plans, the government intends to develop a transit-oriented mixed development on a 196.7ha area, which involves the construction of commercial centers, office complexes and 10,000 affordable housing units with an investment of USD 33.8 billion. However, there are downside risks to this forecast, given the possibility of a second wave of COVID-19, which could further extend the movement restrictions.

Scope of the Report

The Construction Market includes a wide range activity that covers upcoming, ongoing, and growing construction projects in different sectors which include but not limited to geotechnical (underground structures) and superstructures in residential, commercial, and industrial structures as well as infrastructure construction (like Roads, Railways and Airports) and power generation and transmission related infrastructure.

The report offers a complete background analysis of the construction industry, including an assessment and contribution of the sector in the economy, market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics, etc. The report also covers the impact of COVID-19 on the market.

The market is segmented by Sector: Commercial Construction, Residential Construction, Industrial Construction, Infrastructure (transportation construction), and Energy and Utility Construction & by construction type: Additions, demolition & new construction, and New Constructions.

Good market will be coming back soon. stay tuned !

Steady Growth Seen for Global Construction After COVID Rebound
Steady Growth Seen for Global Construction After COVID Rebound
Steady Growth Seen for Global Construction After COVID Rebound

https://www.enr.com/articles/53360-steady-growth-seen-for-global-construction-after-covid-rebound

Having bounced back from the worst of the pandemic fallout, global construction is set to grow by 2.3% a year in real terms reaching $16.6 trillion by 2030, say forecasters at London-based Global Construction Perspectives in reviewing 112 markets. Four of the 10 fastest growing will be in Asia, with only Myanmar and Japan facing declining outputs, while five are in Africa and one is in the Middle East.

GCP estimates total construction output to have risen in real terms by 4.1% in 2021 to $13.2 trillion after dipping by 0.1% during the pandemic’s first year in 2020. While most markets are recovering from COVID-19, the forecasters report 27 of the sample countries still struggling to catch up, with volumes in 2022 expected to be lower than in 2019.

"The impact of COVID has been far from equal," notes GCP director Mike Betts. "In most countries it's been negative but in some it's been positive as working from home has encouraged people to invest more in their homes." Betts expects pandemic impacts to "be unwound" from next year, when the markets will return to normal trajectories.

GCP bases its forecasts on economic projections by the International Monetary Fund and ON U.S. Central Intelligence Agency data related to country public debt. It also uses population change data from the United Nations and per-capita cement consumption as indicators of each country's position in its construction cycle.

The forecasts show that by 2030, China's domination of the global construction market is expected to fall nearly 3% below 2021 to 32.6% of the total.

Over the same period, the world's second largest market, the U.S., is set to hold its current share of about 13%. With sluggish prospects, Japan is expected to move from third to fourth place while India's global share increase of 2.1% will move it into third place. The next largest markets all have global share under 3%, led by Germany.

From 2023, when pandemic effects are assumed to have dissipated, the fastest growing markets to 2030—with annual growth rates over 8%—are Lebanon, Myanmar, Ethiopia, Democratic Republic of Congo, Tanzania and Bangladesh. Over the same period, Japan is the only country with forecast negative growth of -0.5% a year.

Nearly half of the forecast $3.1 trillion rise in global construction growth this decade is expected to occur in China, the U.S., India and Indonesia. Also significant are smaller but faster expanding markets, at up to 8% a year, which include Bangladesh, Iran, Nigeria and Philippines.

About 75% of last year's world construction took place in nine developed countries and three emerging markets.

China, the U.S. and Japan together accounted for more than 50% of global output, with India ranking fourth.

Left this business who know got another business ?

Not only benefit for people also stock market and construction

https://themalaysianreserve.com/2022/01/14/construction-works-for-ecrl-section-c2-to-start-in-1q22/

THE construction works for the Section C2 of the East Coast Rail Link (ECRL) will begin in the first quarter of 2022 (1Q22).

Transport Minister Datuk Seri Dr Wee Ka Siong said the ministry has given the approval for Section C2 which covers the areas of Gombak-Serendah-Puncak Alam-Port Klang on Jan 12.

“This approval is based on feedback from the public review conducted in 4Q21, as well as the approval of the Environmental Impact Assessment, Social Impact Assessment and also the Heritage Impact Assessment obtained earlier by Section C2.

“In this regard, Malaysia Rail Link Sdn Bhd (MRL) forwarded the application for full approval of the railroad plan for Section C2 ECRL to the Land Public Transport Agency, which later forwarded the document along with its approval support to the Transport Ministry (MoT),” he said in a statement yesterday.

According to Wee, the full approval of the plan for Section C2 of the ECRL was necessary to meet the requirements of the new alignment, which will run from Gombak to Port Klang via Serendah, and allow for public consultation and inform people who will live along the line.

He added that public review meetings were held for three months from September to November 2021 to receive feedback on Section C2 in Selangor.

“Of the 12,797 respondents who expressed their opinions during this public review, some 12,652 or 98.87% supported the ECRL route through an improved original alignment.

“A small percentage of respondents opposed the ECRL for Sections C1 (from Mentakab to Gombak) and C2, mainly because the route crossed their house or property,” he said.

For the ECRL route of Section C, which includes the rail lines from Mentakab to Port Klang via Serendah, approval from the Selangor government has already been obtained and officially announced in December 2021.

Wee said MoT greatly appreciates and thanks the Selangor government for its decision for this section.

He said this will definitely facilitate the re-detailing of engineering, procurement, construction contracts and commissioning (EPCC) of ECRL projects.

“This EPCC contract which is to be detailed, will facilitate the implementation of the ECRL construction that was improved based on the original ECRL alignment presented in August 2017,” he said.

Wee added that despite the agreement of the Selangor government on the Section C alignment which was finalised in December 2021, MRL has already received the conditional approval for the Section C1 on May 6, 2021, after taking into account the original approval of the ECRL scheme on June 23, 2017.

As of December 2021, the ECRL project has recorded a level of progress of 26.49%, driven by construction work which involves the alignment of Section A from Kota Baru to Dungun and Section B from Dungun to Mentakab.

“The ECRL construction which includes land works, tunnel works, bridge works and reinforcement works of prefabricated vertical drains was focused in more than 168 key locations in 2021.

“MoT is committed to ensure infrastructure development and transport runs well and smoothly, in turn can give benefits to the people as well as the country as a whole,” he said.

Ages macam steady now, hope for the incoming spike