The construction industry grew 7.9 per cent in the first quarter of the year and 8.8 per cent in the second quarter, said Master Builders Association Malaysia (MBAM) president Foo Chek Lee. Malaysia’s construction sector is still labour intensive, with an estimated one million construction workers needed every year, the majority of them foreigners. “In the first half of this year, government and private jobs awarded to contractors amounted to RM58.67 billion. There are 45 construction companies listed on Bursa Malaysia and the top five based on market capitalisation are IJM Corp Bhd, Gamuda Bhd, Sunway Construction Group Bhd, WCT Bhd and Ekovest Bhd. “The implementation of CIPAA is bringing about positive change for the construction industry.

Source: New Strait Times September 19, 2016 03:28 UTC