Building permit approvals more than double in second quarter

CONSTRUCTION starts as measured by building permit approvals rose 114.1% year on year to 38,389 in the second quarter, the Philippine Statistics Authority (PSA) said Tuesday. This was the highest growth rate posted since at least 2006, according to initial data on the PSA’s OpenStat database. The approved building permits cover 7.14 million square meters […]

Novaliches-Balara Aqueduct 4 Project in The Philippines Successfully Completed Tunnel Breakthrough

HONG KONG, Aug 25, 2021 – (ACN Newswire via – Chun Wo Construction Holdings Company Limited (“Chun Wo”), a subsidiary of Asia Allied Infrastructure Holdings Limited (stock code: 00711), is pleased to announce that the contract of Novaliches-Balara Aqueduct 4 (“NBAQ4”) project in the Philippines has completed breakthrough on 14 August and the online […]

Central Global Bhd Signs MoU with Smart Sabah for Construction of State Ministry of Finance’s Dashboard

KUALA LUMPUR, Aug 25, 2021 – (ACN Newswire via – Central Global Berhad’s (“Central Global” or “Company”) wholly-owned subsidiary, Central Global Technology Sdn. Bhd. (“CGTSB”) has signed a memorandum of understanding (“MoU”) with Smart Sabah Corporation Sdn. Bhd. (“Smart Sabah”) to discuss the set-up of a joint venture (“JV”) for the construction of a […]

Carbon Market developer ramps up worker hiring

WITH construction works about to begin, the Carbon District Modernization Project is ramping up recruitment efforts in local communities for skilled and experienced workers. Private partner Cebu2World Development Inc. (C2W) and its mother company, engineering and infrastructure innovator Megawide, are continuing to prioritize applicants from the three Carbon District barangays, namely Sr. Sto. Niño, San […]

June retail price growth of building materials steadies in capital region

By Nadine Mae A. Bo THE OVERALL year-on-year increase in retail prices of construction materials in Metro Manila steadied for a second consecutive month in June, the Philippine Statistics Authority (PSA) said. Preliminary PSA data released on July 23 indicate that the construction materials retail price index (CMRPI) grew 1.2% in June, unchanged from the […]

Construction technologies seen to benefit PHL

RUSSIAN HOMEBUILDER PIK said new construction technologies can be used in the Philippines to deliver sustainable homes. One of these is modular production, or the building of materials at prefabrication lines before transporting the built structures onsite. “Investing in prefabrication factories improves the quality of standardized materials, ensures cost-effectiveness, and increases worker safety,” Gasan Guseynov, PIK head […]

Century Properties: construction now normal

LISTED property developer Century Properties Group, Inc. said construction activities for its condominium projects have returned to normal this quarter. “The quarantine affected our construction activities last year, most especially during [second and third quarter]. We’re happy to report that things have proceeded well since then,” Century Properties Managing Director Jose Carlo R. Antonio said […]

Haily Group Berhad aims to raise RM20.4 million from IPO

KUALA LUMPUR, Jun 30, 2021 – (ACN Newswire via – Haily Group Berhad (“Haily” or the “Group”) aims to raise RM20.4 million from its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) through an Initial Public Offering (“IPO”) exercise. (from left) Haily Group Berhad Executive Director Ms See Swee […]

Central Global Berhad Seeks Strategic Partnerships for Construction Projects

KUALA LUMPUR, Jun 22, 2021 – (ACN Newswire via – Main Market-listed Central Global Berhad’s (“Central Global”) shareholders have passed all the resolutions at the Group’s AGM for the financial year ended 31 December 2021 held virtually today. CGB executive chairman Dato’ Faisal Zelman Central Global shareholders passed resolutions to re-elect executive chairman Dato’ […]