INDUSTRY NEWS (26 December 2021)
HLIB Research sees construction’s real GDP rebounding 16.6% in 2022
Guided by the 12th Malaysia Plan’s (12MP) 4.2% annual growth target, HLIB Research expects the sector GDP growth to decelerate thereafter. “In 2021, expectations of a recovery were completely derailed by a stronger Delta driven COVID-19 wave resulting in multiple shut downs of site activities and below par productivity levels for a sizable portion of the year,” said HLIB Research as quoted by Borneo Post.
New life for abandoned buildings
The government has been urged to consider a new way to solve the homeless problem in urban centres. The solution entails acquiring abandoned or unoccupied buildings and converting or repurposing them into apartments that