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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.
May 11, 2020
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.
May 04, 2020
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.
April 20, 2020
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.
April 18, 2020
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.
April 17, 2020
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.”
February 21, 2020
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
September 27, 2019
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.
September 13, 2019