INDUSTRY NEWS (4 MAY 2021)
CIDB suggesting VOP clause for govt projects
The Construction Industry Development Board (CIDB), Malaysia is recommending a variation of price (VOP) clause be included for government projects to reduce the burden of contractors being affected by current building material inflation. CIDB chief executive, Datuk Ahmad ‘Asri
Shell petrol station first to receive gold GBI certification
Shell Malaysia’s petrol station located at Mint Hotel (along the Kuala Lumpur-Seremban Expressway) here has become the first station in the country to be awarded the Provisional Gold Standard by the Green Building Index (GBI). The station is integrated with a multifaceted
Despite sluggish economy, Malaysia’s GDP to rebound in 1Q 2021
Kenanga Research has revised upward Malaysia’s 1Q 2021 gross domestic product (GDP) growth estimate to 2.1% from -0.4% following a sharper-than-expected exports growth in March (31.0% year-on-year [yoy]) and 1Q 2021 (18.2%; 4Q 2020: 5.1%). Bank Negara
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