Construction around the World: Malaysia. Jakarta, Indonesia – Axis Capital GroupJakarta, Indonesia – Axis Capital Group, a construction company based.

Slides:



Advertisements
Similar presentations
Whodunnit? Financial crisis and the death of the Asian developmental state Jayati Ghosh.
Advertisements

An Overview of Malaysian Construction Industry
Lim Sei cK.  SME stands for Small to Medium Enterprise.  Different countries define SMEs differently.  SMALL-and medium-sized enterprises (SMEs)
High-Level Seminar on E- Communications The development of the ICT sector during the crisis: International comparisons Information Technology Outlook Graham.
France Economic Outlook by Alain Henriot Delegate Director, Coe-Rexecode Kiel - 16th March 2010.
Economic growth in developing Asian countries
TRADE AND DEVELOPMENT REPORT, New York 14 October 2013 Adjusting.
The Emerging market economies and the Great Recession Ahmad Seyf Regent’s University London 26 March 2015 University of Cambridge.
THE GREAT RECESSION AND THE DEVELOPING WORLD JOSÉ ANTONIO OCAMPO COLUMBIA UNIVERSITY.
Lecture 3: Emerging Markets and Elements of Country Risk Analysis.
Asia’s role in the future Randy Kluver Institute for Pacific Asia Texas A&M University.
State Revenues in (In Billions) General Fund Revenues Total State Revenues $96.9 Billion Special Funds Revenues.
German Economy from Crisis to Boom: A Model for Recovery? October , 2010 Bangkok, Thailand Oliver Wieck Managing Director Department for International.
The Impact of Global Credit Crisis on Asia’s Economic Integration Virot Ali.
Perdana Leadership Foundation - CEO Forum 2014 TAKING MALAYSIAN PRODUCTIVITY FROM THE INDUSTRIAL ERA TO THE KNOWLEDGE ERA Stewart Forbes Executive Director,
Globalisation Effects on Singapore’s Trade
© economiesuisse,, Challenges for Switzerland‘s Foreign Trade Policy Gerold Bührer, Chairman 36th Annual General Meeting 2010 ARAB-SWISS CHAMBER OF COMMERCE.
Craig James Chief Economist, CommSec, July 2011 The Australian & Global Economy ediscoveryconsulting.blogspot.com.
ZHANG Xiaojing Institute of Economics, Chinese Academy of Social Sciences Budapest, June, 2011 Transformation of China ’ s Growth Model.
Copyright ©2001, South-Western College Publishing Contemporary Economics: An Applications Approach By Robert J. Carbaugh 1st Edition Chapter 10: Gross.
1 3 March Economic outlook Government Economist.
Asian Development Outlook 2009 Rebalancing Asia’s Growth Donghyun Park Senior Economist Economics and Research Department Asian Development Bank 31 March.
The state of the informal economy in Gauteng By Thulani Guliwe Presentation to SALGA Informal sector Summit, 20 September 2012.
The Rise of China & India. Rapid Economic Growth in China Economic Growth rates of 9.5% are expected to continue Economic Growth rates of 9.5% are expected.
AP World History POD #23 – Emerging Asia Asian Economic Giant.
1 Regional Conference on the impact of the Global Financial Crisis to the Vulnerable Sectors in the Asia Pacific Region: Civil Society Voices and ASEAN.
Pro Poor Growth Manmohan Agarwal Centre for International Governance Innovation* * This research is part of a research project supported by the ORF.
The Impact of Changing Economic Conditions Since 2005 on the Forest Sector Richard W. Guldin and W. Brad Smith U.S. Forest Service Research & Development.
Economic Cycles. The economic cycle The economic cycle A term used to describe the tendency of economic activity to cycle along its trend path A term.
1 Regional Economic Outlook Middle East, North Africa, Afghanistan, and Pakistan Masood Ahmed Director, Middle East and Central Asia Department International.
Published Date: March 2013 Construction Industry in Ireland – Key Trends and Opportunities to 2017 Price: Single User: US $ 1950 Corporate User: US $ 3900.
The East Asia Development Experience Before and After the 1997 Crisis: Lessons for Africa Peter Warr Australian National University.
Economic Significance of Banks
OUTLOOK OF THE ASIAN MICE INDUSTRY - MACAU ROLE & POSITION IN THIS DEVELOPMENT By Mr. Jonathan Kan President of MACEOS Assistant Secretary of AFECA Macau.
Brazilian Economic Outlook for 2011 Minister of Finance Guido Mantega 2011 Brazil Summit New York, April 18, 2011.
RUSSIA. GDP = 5.6% “Gross Domestic Product” means all of a countries production. It is what everything that country owns added all together. Inflation.
A Tour of the World Chapter 1. © 2013 Pearson Education, Inc. All rights reserved The Crisis Table 1-1 World Output Growth since 2000.
Unemployment By: Alejandro Biber Lucien Casis Remy Leal Christie Ricaldi.
1 The 5 th Asia Economic Forum “Asia’s Challenges and Opportunities During the Time of Global Economic Crisis and Financial Crisis” Raffles Hotel Le Royal.
1 AZERBAIJAN: ECONOMIC IMPACT AND RESPONSE TO THE GLOBAL ECONOMIC CRISIS.
Saudi Economic Outlook & Banking Beyond the Crisis King Fahd University Of Petroleum & Minerals December 2010 Said A. Al-Shaikh National Commercial Bank.
2000 Economic Outlook Hawaii Economic Association Annual Conference April 28, 2000.
Economic growth, debt and inequality. GDP per capita (PPP) (US$) Source:
Eastern Europe and Central Asia: Economic Outlook and Challenges Ahead ISTANBUL CHAMBER OF INDUSTRY - 6th INDUSTY CONGRESS November , 2007 Klaus.
How do the countries of India, China, Japan, and North Korea answer basic economic questions?
"Forces of change in world tourism. The role of governments, enterprises and the need for p-p partnerships" Carlos Vogeler Chairman Affiliate Members UNWTO.
Asian Currency Crisis Kaitlin Briscoe Doug Durkalski Allison Gott Jennifer Hooks.
Understanding China’s Growth: Past, Present and Future Xiaodong Zhu Department of Economics East Asia Seminar at Asian Institute, University of Toronto.
Construction in Vietnam – Key Trends and Opportunities to 2018 Market Research Report ©reportscue.
6/10/2016 Fan He IWEP, CASS Structural Changes after the Global Financial Crisis: China's Perspective.
DIVERSITY IN THE CONVERGENCE PROCESS OF ACCESSION COUNTRIES Urmas Varblane University of Tartu ASIAN CENTURY? – THE GROWING ROLE OF ASIA Urmas Varblane,
By MPMA 21 April Contents 1. Performance by market sub-sectors Electrical and electronics Automotive Household Packaging Export 2. Overall performance.
Unit 2 Glossary. Macroeconomics The study of issues that effect economies as a whole.
UN/ECE Timber Committee Geneva, 3 October 2001 Developments in the European wood-based panels industries European Panel Federation Presentation by Dominique.
Lee Seung-Bok 14-15th November 2013 The 19th ASIA CONSTRUCT CONFERENCE 2013 Economy and Construction Industry - KOREA -
Korean Economy Korea Economic Research Institute Korea Economic Research Institute.
As an Engine for Economic Growth and Employment September 2014 Dr. Robert J. Shapiro.
A SIA ’ S L ONG R OAD TO R ECOVERY Group Members: Ms. Nomin Battulga Ms. Nomin Battulga Mr. Lida NO Mr. Lida NO Mr. Tien Nguyen Hung Mr. Tien Nguyen Hung.
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Construction Chemicals Market - Forecasts Research Report
Manufacturing in Nigeria: Opportunities for Investment
NS4960 Spring Term 2017 Australia: Energy Policy
Economic growth, debt and inequality
Global Manufacturing – India
Free Trade vs Protectionism, That is the Question
Portfolio Committee on Trade and Industry
Private and Public Sector in India.
Economic Crisis International Finance April 28, 2009.
NS4960 Spring Term 2018 Australia: Energy Policy
Thailand’s Investment Climate: Looking Forward
Introduction.
Presentation transcript:

Construction around the World: Malaysia

Jakarta, Indonesia – Axis Capital GroupJakarta, Indonesia – Axis Capital Group, a construction company based in Singapore has been delivering heavy equipment all throughout Asia and Europe. With the expansion of construction and the increasing growth of industrialization all over the world, the nation’s economy has been one of the factors that help each nation’s boom and development.

Let us review how developing countries have been coping with the competition in the construction industry.

According to Malaysian- German Chamber of Commerce 2010, between 2004 and 2006, Malaysia experienced a slow growth in its construction industry with average output value of RM50.9 billion.

In 2007 the construction output value began to increase, up to RM 60.7 billion, and the industry recorded stronger growth in 2008 and 2009 rising to RM77.5 billion.

The Central Bank of Malaysia in 2009 added that the strong growth of construction industry in 2007 to 2009 was mainly due to the implementation of construction related activities under the 9th Malaysia Plan and the high value of the fiscal stimulus package projects.

In 2010 the value added of Malaysian construction industry continues to strengthen further by 6.3% (Malaysia-German Chamber of Commerce 2012). The expansion of the industry was largely led by increased infrastructure project under civil engineering sub-sector.

In 2011 the Malaysian construction recorded a moderate growth at 3.5% due to slow activity in civil engineering and non-residential sub- sector (Central Bank of Malaysia 2011).

The civil engineering and special trade sub-sector register slower growth following the completion of major highway projects and maintenance and upgrading work under the Stimulus Package (Central Bank of Malaysia 2011).

In global terms and compared to other Asian countries such as China, Korea and Singapore, the size of Malaysia’s annual construction output is relatively small.

With an average of 3% contribution to the total national GDP, construction industry is critical to Malaysian wealth creation and it plays an important role in the development of the country (CIDB 2006).

The industry provides jobs for approximately 1.02 million people and creates a multiplier effect to other industries, including manufacturing, financial services and professional services (CIDB 2006).

Public and private sectors are important components in the Malaysian construction industry, playing a role as the clients in the industry.

Due to the high value of economic stimulus package by the government, year 2007 record a high demand for construction from public sector which contributed 52% (RM48.36 billion) of the total value of projects awarded (CIDB 2009).

The situation is in contrast in 2008, in which private sectors project contributed 56.4% of the total value of the project awarded. Year 2009 showed a decrease of 29.5% of total value of project awarded compared to year 2008.

The decrease in the value of projects secured was due to the decline in private sectors investments, which was affected by the global economic crisis.

Despite the fluctuating rate of construction in the country, few records show fraudulent acts in the industry compared to that of Singapore, India and Indonesia.