construction

2021 construction demand forecast at S$23-28b; public sector to drive bulk of demand: BCA

THE total construction demand in 2021 is projected to recover to between S$23 billion and S$28 billion, said the Building and Construction Authority (BCA) on Monday. This is up from 2020's demand...

Chip Eng Seng warns of FY2020 loss on Covid-19 impact

PROPERTY developer Chip Eng Seng is expecting to report a FY2020 net loss in mid-February 2021 as opposed to its FY2019 net profit of S$32.6 million, due to the adverse impact of Covid-19 on its...

Kori Holdings unit bags S$81.2m in six contracts

CONSTRUCTION services firm Kori Holdings on Monday announced that its subsidiary, Kori Construction, has clinched six contracts in three projects worth an aggregate of S$81.2 million between...

Short-term cost spike as foreign workers switch to employers starved of labour

FOREIGN workers in several industries are enjoying greater bargaining power due to a supply crunch caused by the Covid-19 pandemic, and employers said they are facing higher labour costs as new...

Construction firms look to cost savings with their transport capacity for workers back to normal

THE lifting of the 25 per cent reduction in maximum passenger capacity (MPC) for transportation provided by employers, such as private buses, vans and lorries, comes as a breath of fresh air to...

BRC Asia still keen on China expansion

THE Covid-19 pandemic has dealt a blow to the construction sector, leading BRC Asia to put its internationalisation plans on the back burner. Nevertheless, the mainboard-listed steel dealer says...

China arm of Tat Hong Holdings to be listed in Hong Kong

TAT Hong Equipment Service (THES), the Chinese-arm of local crane rental company Tat Hong Holdings, on Dec 10 passed the hearing by the Hong Kong Stock Exchange's (HKSE) Listing Committee for a...

Slight uptick in business confidence for another quarter: SCCB

BUSINESS confidence among Singapore firms saw a slight uptick in the first quarter of 2021 but remained in the contractionary zone, according to the business optimism index study released by the...

Construction firms worry about margins as cost of labour rises

THE Ministry of Manpower (MOM) intends to allow employers to bring in more existing work pass holders from this week, and new migrant workers in larger numbers subsequently, amid challenges faced...

BRC Asia's full-year net profit down 36% amid Covid-19 disruptions

MAINBOARD-LISTED steel dealer BRC Asia's full-year net profit fell 35.5 per cent to S$20.4 million, from S$31.6 million a year earlier, amid disruptions due to Covid-19.

LTA awards S$932.8m contract for Johor Bahru-Singapore RTS Link

SINGAPORE'S Land Transport Authority (LTA) has awarded the first of two civil contracts for the construction of a long-awaited cross-border train service between the city-state and Malaysia's...