What i see is, recovery in domestic-oriented sectors will drive the improving growth trajectory, as practically all economic and social sectors return to normalcy
Ageson Bhd's unit Ageson Net Sdn Bhd is exploring a partnership with Koperasi Belia Nasional Bhd (Kobena), in which Ageson Net will be appointed as an operator to manage the business operations of Kobena's 4,000 units of Internet-of-Things-equipped vending machines and retail refrigerators
parties target a revenue of about RM2.3bil per annum from the product sales from the machines, of which 5% or RM115mil will be attributed to Ageson Net for its services.
THE Center for Market Education (CME) in its analysis has highlighted the strengths and weaknesses of the election manifestos of Barisan Nasional and Pakatan Harapan.
It aims to understand if and how they would benefit Malaysia in terms of stable economic growth and international competitiveness.
Ageson added that the parties target a revenue of about RM2.3bil per annum from the product sales from the machines, of which 5% or RM115mil will be attributed to Ageson Net for its services.
Construction Industry Development Board (CIDB) CEO Datuk Ahmad ’Asri Abdul Hamid concurs, noting that ongoing projects that were awarded before the pandemic are especially affected, as the projects are priced lower, with no allowance for price increases, owing to the hike in building material prices.
“This resulted in the contractors having their profits reduced or, in some cases, suffering losses. Despite this, the contractors still have to continue executing the projects until completion,” he says in an email response to questions from The Edge.
“As for new contracts, contractors can manage by pricing in the current material prices and quoting prices, with sufficient margins, to cover unexpected costs, including unforeseen increases in material prices.”
While contractors from both the public and private sectors are affected by the increase in material prices, the VOP clause was reintroduced for government contracts on July 15, 2021, to mitigate the impact of material price increases.
Keep dreaming about construction recovery. With high interest rate and inflation, stagnant salary and high unemployment, how the hell will it recover. Wonder how many SME loans are unpaid. We will know when a NEW government is formed. The skeleton in the cupboard will drop out.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kangedd
457 posts
Posted by kangedd > 2022-11-09 13:20 | Report Abuse
Slowing down now, correction time now?