News about US

KUALA LUMPUR (Sept 11): While much has been said about the advantages of using the Industrialised Building System (IBS) method for construction, adoption is still slow due to the various hurdles faced by stakeholders in applying the technology.

SINGAPORE (Sept 8): The Housing and Development Board (HDB) of Singapore yesterday inked two research and development (R&D) agreements with the Nanyang Technological University, Singapore (NTU) and the Singapore University of Technology and Design (SUTD) at the International Housing Forum on sustainable urban development.

SINGAPORE (Sept 7): Singapore’s Housing Development Board (HDB) says it will improve construction productivity through a greater use of prefabricated units that are assembled off-site but that can be installed on-site.

KUALA LUMPUR (Sept 5): The authorities are ramping up action against condo and apartment owners defaulting on maintenance payments — by raiding their units and seizing movable items, The Star reported today.

SINGAPORE (Sept 5): The Ministry of National Development has raised the development charge (DC) rates for land use groups: commercial; landed residential; and non-landed residential for the period of Sept 1 to February 28, 2018.

SINGAPORE (Aug 31): Singapore-based Frasers Centrepoint Trust (FCT) has subscribed for its full allocation in the renounceable rights issue of associate Hektar REIT, theedgesingapore.

KUALA LUMPUR (Aug 30): Boustead Holdings Bhd's net profit slumped 73.

KUALA LUMPUR (Aug 30): Glove maker Kossan Rubber Industries Bhd has proposed to buy a piece of vacant industrial land in Banting, Selangor, from a company controlled by steel magnate Tan Sri William Cheng for RM95.

KUALA LUMPUR (Aug 30): DutaLand Bhd returned to the black in the fourth quarter ended June 30, 2017 (4QFY17) with a net profit of RM15.

KUALA LUMPUR (Aug 30): MK Land Holdings Bhd's wholly-owned unit, Saujana Triangle Sdn Bhd, has obtained an order from the Court of Appeal to stay the effect of the Inland Revenue Board's (IRB) notices of assessment to the company.