Construction – and infrastructure development in particular – is expected to be a key driver of economic growth across ASEAN from 2021. The bloc, home to some of the world’s fastest-growing economies and lowest unemployment rates, faced the novel coronavirus after years of health care infrastructure improvements, with much of the group reporting Covid-19 case-fatality rates below the global…
Topics are the following’s: Innovation of things- mega trend for 2030 IPMA competencies aligned with today’s industry System thinking for projects Automated train operation - case study from Switzerland Leadership for project managers with NLP Digital transformation and the human Element; what is the right balance? Trends for rail sector communication system. Impact of ISO19650…
On addressing the infrastructure deficit in emerging Asia How do you see the newly formed Infrastructure Asia dovetailing with transnational initiatives like the Belt and Road? SETH TAN KENG HWEE: I think the Belt and Road Initiative identifies a very large need when it comes to infrastructure. The market really needs infrastructure, but I think our cooperation would have to be case-specific. We…
High levels of private sector investment are expected to drive growth in Malaysia’s construction industry this year, with investors seeking opportunities in the regions of Johor, Sabah and Sarawak. The Construction Industry Development Board (CIDB) recently forecast growth of 8% for the construction sector on the back of 7.4% expansion last year and 8.2% in 2015. In terms of value, the CIDB expects…
In 2015 the Malaysia Investment Development Authority approved investments totalling RM3.7bn ($915.9m) in 25 projects in the non-metallic mineral products industry. Of the investments and projects in this subsector, 10 projects involved cement and concrete, with an investment value of RM253.9m ($62.8m), or 7% of the total for the non-metallic mineral products industry. The cement and concrete industry…
Interview: Mohamad Salim How crucial is public transport to ensuring the sustainable expansion of Kuala Lumpur? MOHAMAD SALIM: The Malaysian government now emphasises mass rapid transit (MRT), light rail transit and monorail in order to stimulate the opening-up and growth of new areas of development. For example, from the area of Sungei Buloh, a subdistrict of Petaling, the public can now access…
The residential property sector has been affected by Bank Negara Malaysia’s cooling measures and poor consumer sentiment, creating a slowdown in transactions across the board. But the outlook for 2016 and 2017 is especially difficult for the condominiums and apartments segment, which has become an increasingly popular slice of the property market. In the second half of 2015, sales of apartments…
As the government aims to drive the internationalisation of the domestic construction sector, it is also evaluating how the quality of construction in Malaysia stacks up. With more and more countries fixated on green growth and development, it is increasingly clear that the construction industry needs to up its game in order to compete globally. According to the UN Environment Programme, buildings…
A combination of a sluggish economy, a slump in commodity prices, an increase in the cost of living and a shaky domestic political landscape has had a neutralising effect on Malaysia’s real estate sector. Although 2016 is forecast to be a flat year, there are excellent deals to be had for forward-looking investors and those able to invest without a bank loan. Shrinking Values On February 29, 2016,…
Over the years, large-scale public and private projects have dominated the activities of the Malaysian construction sector, driven by governmental and investor efforts to implement successive five-year plans aimed at becoming a developed nation. Transformation The five-year 11th Malaysia Plan (11MP), covering 2016-20, focuses on transforming the construction sector, among other economic areas. Detailed…
