Industry Insider

Construction Sector Posts Remarkable Performance    December 21, 2016

The performance of Malaysia’s construction sector proved to be remarkable this year, with 5,024 projects worth RM121 billion registered with the Construction Industry Development Board (CIDB). Registering a growth of 8.2 percent in Q3 2016, the construction industry is forecasted to grow by 8.7 percent this year, up from last year’s 8.2 percent.  Read more...



Panasonic to supply PV modules to Tesla from Japan, Malaysia    December 19, 2016

The collaboration between the two companies is moving beyond Panasonic running the Tesla/SolarCity gigafactory, and will enable Panasonic to re-open a factory in Japan. Panasonic will supply PV modules to Tesla from its factory in Malaysia, as well as restarting an idled factory in Japan, according to an exclusive in the Nikkei Asian Review.   Read more...



NEC gears to promote Malaysia’s service sector     December 9, 2016

The National Export Council (NEC) laid out several strategies to ramp up the performance of priority services sectors namely construction, Information Communication and Technology (ICT), education services and tourism. This followed discussions at the fourth and last NEC meeting for 2016 held today.   Read more...



Despite Trump, all is not lost with the TPPA     November 26, 2016

DATUK Seri Mustapa Mohamed  readily admits that the TransPacific Partnership Agreement (TPPA) has been his most difficult task as International Trade and Industry Minister. Faced with domestic and international criticism and suspicion over the huge free trade deal, Mustapa and his team of TPP negotiators persevered and got the TPP motion approved. For Malaysia and the 10 TPP partners, the deal now lies in tatters with US President-elect Donald Trump likely to withdraw the United States from the deal. Mustapa remains hopeful that the pact can be salvaged. Here are excerpts of the interview:    Read more...



Ekovest to List Highway Unit in US$500mil IPO     November 9, 2016

KUALA LUMPUR: Ekovest Bhd, Malaysia’s construction and property developer, plans to list its highway operating subsidiary in 2018 in an initial public offering that could raise at least US$500mil (RM2.12bil), a top executive said on Wednesday. There has been a dearth of IPOs in Malaysia in recent years as its currency took a hit from the sustained volatility in global commodity markets. However, a few offerings could be launched the next year or so.   Read more...



MRT Corp Awards RM1.58bil Contracts to WCT and MTD    November 9, 2016

KUALA LUMPUR: Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has awarded two MRT viaduct work package contracts worth RM1.58bil to units of WCT Holdings Bhd and MTD ACPI Engineering Bhd. The Minister of Finance Inc unit said in a statement that it gave Work Package V204 for the construction of the viaduct guideway and other associated works for the MRT Sungai Buloh-Serdang-Putrajaya (SSP) line to WCT Bhd. The contract for the Bandar Malaysia South Portal-Kampung Muhibbah job is valued at RM896.41mil.  Read more...

Philips Lighting Rebut Media Claims of Hue Bulbs Virus Infection    November 4, 2016

Recent tech media reports highlighted Philips Hue bulbs vulnerabilities that could be exposed by hackers, which could override lighting controls using computer viruses.In response to the claims, Philips issued a statement clarifying its smart LED bulb Philips Hue and its family of products were not infected by a computer virus.  Read more...

Vietnam has 30 large-scale solar projects under development but FiT needed    November 2, 2016

Solar PV is taking off in Vietnam with many international and domestic investors showing intention to develop projects in the central and south of the country, Hoa Vu Phuong, specialist, international relations department, Institute of Energy, Vietnam, has told PV Tech.There are now more than 30 projects with capacities ranging from 20-300MW being developed at different stages. Construction has already started on one project of 19.2MW while a 30MW project has been granted an investment certificate, said Vu Phuong.  Read more...

Construction Counters Hit New All Time Highs Following Budget 2017      October 24, 2016

KUALA LUMPUR : Several construction counters have rallied to new all time highs following the Budget 2017presentation last week due to the continuation of existing major infrastructure initiatives and positive earnings expectations ahead of the third quarter earnings season. As at 1230PM, five counters, namely Sunway Construction Group Bhd, Ekovest Bhd, Gadang Holdings Bhd, Econpile Holdings Bhd, and George Kent (M) Bhd, have hit new highs or are currently hovering near record prices. The shares of these companies have outperformed the broader market by a wide margin this year.  Read more...

Boost Use of IBS, Allow Building of ‘Shell Houses’, Govt Urged     October 17, 2016 

KUALA LUMPUR: The Malaysian Institute of Professional Property Managers (MIPPM) has suggested the government boost the use of the Industrialised Building System (IBS) and allow the introduction of “shell house” concept to make housing more affordable. Its president, Sarkunan Subramaniam, said affordable housing is one of the pertinent issues in the Malaysian economy today and in order to provide more houses to the people, there is a need for measures to focus on a number of areas and to find creative ways of implementing them. Read more...

Singapore's New Green Standards for Homes Focus on People and Design  September 8, 2016

The Building and Construction Authority is revising its criteria for certifying sustainable residential buildings, with a new focus on passive design, integrating nature into buildings, and helping occupants reduce their carbon footprint.In a bid to make Singapore homes more sustainable and comfortable, the city-state’s Building and Construction Authority (BCA) on Wednesday announced an updated set of criteria for new residential buildings to attain the Green Mark certifications.  Read more...

Constructors in a Bright Spot Amidst Slower Economy   Aug 21, 2016 

In the midst of a rather uninspiring economic growth of four per cent in the second quarter of the year (2Q16), the construction sector continues to shine and outperform other  sectors as it registers the highest growth rate of 8.8 per cent. These statistics – revealed by Bank Negara Malaysia (BNM) during the announcement of the second quarter economic growth on August 12 – also showed that the growth of the construction industry continued to be on the uptrend. Read more...

Ho Chi Minh City to Build Smart Parking Lots     May 15, 2016 

Ho Chi Minh City is exploring possibilities to invest in smart parking lots to meet growing demand for parking space, as experts and transport officials gathered at a conference in the city on Thursday to discuss the prospects.The conference on ‘Building En-Parking Systems in Ho Chi Minh City and Southern Provinces’ was co-organized by the municipal Department of Transport and the Association of Bridges, Roads and Seaports, with the attendance of experts and officials.  Read more...

LEDinside: Southeast Asia LED Lighting Market Scale and Trends in 2016   April 21, 2016

With the development of global LED lighting industry, nowadays, the LED industry in all regions has formed new pattern. The market is no longer occupied by Europe and the United States and other developed countries, many new blue ocean markets are emerging.   Read more... 

Smart Cities Need Smart IT Architecture  March 8, 2016

Technology companies are essential to delivering new IT infrastructure and other requirements needed in a smart city, says Adrian De Luca, chief technology officer for Asia Pacific, Hitachi Data Systems.If you have recently transited through any major airports in Asia, it’ll be hard not to go pass a glossy billboard pointing to just how fast cities in this region are changing. But behind the world’s-best airports, glitzy new residential towers and state-of-the-art transport infrastructure lie a much bigger desire than just building beautiful cities - it is to build smart cities.   Read more...     

CIDB: Low Awareness on IBS Technology  February 23, 2016

KUALA LUMPUR: Although the use of Industrial Building Systems (IBS) is a technological force that has many benefits, there is little acceptance of this form of property construction technology and awareness among property buyers, says Construction Industry Development Board (CIDB) senior general manager Datuk Elias Ismail. “It is a quality, safe, energy-efficiency way of building and construction, and can help to modernise the building industry..   Read more... 

HCM City Businesses Invest $3b in Central Highlands  February 02, 2016

Over 200 enterprises from HCM City have poured nearly VND68 trillion (about US$3 billion) into 287 projects in the Central Highlands, according to the region's Steering Committee.   Read more...   

Tokuyama Corporation to Resume Production at Malaysian Polysilicon Factory  February 02, 2016

Japanese chemical company and polysilicon manufacturer Tokuyama Corporation will resume production at its polysilicon manufacturing facility in Malaysia in the first quarter of fiscal year 2016, which will begin on Apr. 1, 2016.    Read more...  

Rising Focus on Green Construction and Retrofitting to Drive the Global Construction Glass Market until 2020   January 22, 2016 

Increase in shopping mall and hotel construction will spur the demand for construction glass globally. Further, the market study anticipates an increase in tourist arrivals in countries such as India, Turkey, Malaysia, UAE, Qatar, the US, and Germany to propel investments in new hotel constructions to increase the demand for construction glass.    Read more... 

 


Six Sarawak Schools To Be Restored Using IBS - Prime Minister  January 18, 2016

DENGKIL, Jan 6 (Bernama) -- Prime Minister Datuk Seri Najib Tun Razak said the restoration of schools using the Industrialised Building System (IBS) would be extended nationwide, starting with six schools in Sarawak.The six schools are SK Pulau Seduku, SMK Sebuyau, SK Nanga Pua in Selangau; SK Kampung Tanam, SK Kalok Pusa in Betong and SK Abang Man Simunjan, at a cost of about RM2 million for each school.     Read more... 

IBS Adoption in Malaysia Remains Low: CIDB    December 31, 2015

PETALING JAYA (Dec 31): Only about 42% of public projects and 70% of private projects in the country use modern Industrialised Building Systems (IBS) technology, according to the Construction Industry Development Board (CIDB).“The biggest challenge and stumbling block for IBS implementation remains changing the industry’s mindset towards this modern method of construction,” she said. “Malaysian contractors are so used to the conventional way of building that they are unable or unwilling to make the transition to IBS, despite its numerous benefits.”    Read more...  

Malaysia Construction Sector to be Busy in 2016 with Projects Worth RM83bil   December 29, 2015 

KUALA LUMPUR: WITH over RM83bil worth of infrastructure jobs to be awarded next year, it is going to be a busy year for the construction sector in 2016.“The 11th Malaysia Plan unveiled in May 2015 has reaffirmed the strong pipeline of construction jobs till 2020. The record awards of project delivery partners (PDPs) for four major infrastructure projects with total value of RM80bil have further reiterated the potential works,” said Maybank IB Research in a recent strategy report. This flow of contracts if they are rolled out according to plan, is a new record, outpacing the high of RM28bil dished out in 2012.The strong job flows are expected to be driven from new tenders in public transport, oil & gas downstream infrastructure and water-related jobs.     Read more...

Zamboanga City Chosen as site of SE Asia’s Largest Solar Power Plant    December 29, 2015 

Zamboanga City – A group of Filipino and French investors has chosen Zamboanga City to be the location of Southeast Asia’s largest  solar energy plant with a power generation capacity of 100 megawatts. It is expected to be completed in March, 2016. Mayor  Maria Isabelle Climaco said the  solar power farm will be set up at the Zamboanga Economic Zone property in Barangay Talisayan. Construction is expected to begin soon to meet the scheduled completion target. Ecoglobal, Inc., a group of Filipino and French investors, will finance, manage, and operate the solar power plant. Heading the group is Jean-Philippine Henry, chief executive officer (CEO).     Read more...

Meralco Eyes 100 MW from Solar Rooftops  December 22, 2015

MANILA, Philippines - Manila Electric Co. (Meralco) targets to build a portfolio of up to 100 megawatts (MW) from solar rooftops in the next three years.The company has firmed up plans to put up a separate unit for its solar-powered investments, Meralco president Oscar S. Reyes said. “We will put up another unit of Meralco called MSpectrum,” he said. “We can look at solar and wind but its focus will initially be solar. Wind, will remain with Meralco PowerGen because it’s big scale.” Meralco’s power generating projects are under Meralco PowerGen Corp., which is building a portfolio of up to 3,000 MW of new power capacity, mainly from baseload power plants, to address the growing energy demand in the country.     Read more... 

LEDinside: Top 10 LED Market Trends in 2016  November 20, 2015 

LED manufacturers had an especially tough year in 2015. Despite rising LED lighting market demands, and large scale replacements of traditional luminaires, the oversupply situation in the market has caused average sales price (ASP) of LEDs to plunge 30% to 40%. Growing number of manufacturers have incurred heavy losses and exiting the market. With 2016 just around the corner, LEDinside Research Director Roger Chu has listed ten major trends in the market including future LED industry consolidations and technology trends.     Read more...  

Neo Solar Power Confirms Expansion Plans to Southeast Asia November 13, 2015

NSP has not publicly committed to expanding production overseas until November 11th 2015. Buried in a press release for NSP's Q3 results the company mentioned expenses related to “South East Asia capacity relocation”. NSP gives a completion date for January 2016, noting that once relocation is completed it can begin to expand shipment volumes to the United States. The company is following the lead of fellow Taiwanese cell producer Gintech, which in May announced that it would build a PV cell factory in Thailand. Unlike Gintech, NSP has not revealed which nation in Southeast Asia is hosting its factory.     Read more...

Malaysia Construction Sector Likely to Gain Most in 2016 Budget  October 26, 2015

KUALA LUMPUR (NewsRise) -- Malaysia's construction sector is likely to benefit the most in the medium-term from next year's budget proposals that analysts say are otherwise market-neutral, as Prime Minister Najib Razak attempts to spur activities through a slew of projects to help accelerate growth in Southeast Asia's third-largest economy. Najib unveiled several projects, including development of the so-called KLIA Aeropolis township that is estimated to attract investments worth 7 billion ringgit ($1.65 billion). In addition, the government plans to build new highways, extend rail links and undertake several rural infrastructure works crucial to boost development in the two eastern Malaysian states where most of the population live in villages that dot vast swathes of Borneo's rainforest.     Read more...

Which Country Has the Best LED Policy Among Japan, India, and Malaysia? October 20, 2015

In recent years, countries around the world are becoming increasingly concerned with energy and environmental issues, which is closely tied with human survival. Low carbon economy has become a very popular global issue. LED lighting’s high reliability, low energy consumption, long lifetime, low pollution, and high quake resilience has made it a globally recognized energy efficient and environmental product. Driven by large market potentials and a positive industry outlook, many countries have launched industry development policies to spur rapid growth in the LED industry. After all these years, which country incentives spurred the proliferation of LEDs? LEDinside will be focusing on LED policies in Japan, India and Malaysia’s.     Read more... 

 

 

 

 





 

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