construction

Contracts

Lian Beng banks on financial uplift with new $174 mil residential development contract

The group’s order book stands at $1.7 billion as at May 11, and is expected to provide the group with a sustainable flow of activity through FY2023.

Global Economy

Briefs

Here's some news that happened this week

Contracts

Lum Chang sees total outstanding construction works revenue lifted to $1.8 bil with Mandai Rejuvenation Project tender

This contract brings the total outstanding value of construction works yet to be reported as revenue for the group to some $1.8 billion.

Contracts

TEE International warns of 'adverse impact on profitability' even as subsidiary clinches $72 mil letter of award

The circuit breaker measures have resulted in the suspension of most of the construction works for the group’s ongoing projects, as well as the closure of its construction sites except for three essential ones.

Covid-19

Record high 942 new cases sees Singapore's tally inching towards 6,000; stay-home notice issued to all work permit holders in construction sector

Of the new cases, 79% are linked to known clusters while the rest are pending contact tracing, the Ministry of Health announced in its daily update.

Covid-19

Covid-19 within workers' dorms to crimp construction sector

Foreign workers are the unsung heroes who form the backbone of Singapore’s modern city. They carry out the largest part of the republic’s construction activity and are responsible for the well-paved roads, skyscraper buildings and iconic garden city.

Investing ideas

Lian Beng offers safe harbour in economy troubled by Covid-19

SINGAPORE (Feb 21): A Bloomberg columnist says it succinctly. “The novel coronavirus Covid-19 causes flu-like symptoms in its patients. For the rest of us, it induces a kind of creeping cluelessness.”

Startups, Entrepreneurs, Digital economy

How a start-up uses AI to spot construction site defects

SINGAPORE (Sept 30): In almost every construction project, there are close to 5,000 defects and quality control issues each day, from simple electrical circuit trips and plumbing defects to complications with ceiling height clearances. Typically, one unfo

Contracts

Lian Beng wins $107.5 mil construction contract for residential site in Newton

SINGAPORE (Sept 13): Lian Beng Group announced that its 60%-owned subsidiary, United Tec Construction, has secured a contract worth about $107.5 million for the construction of a residential development at Kampong Java Road.
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