Construct Archives - Page 7 of 14

The 15th Annual Global CSR & ESG Awards Honours 2023 Winners

The 15th Annual Global CSR & ESG Summit & Awards ended on a high note before a full house in Da Nang, Vietnam, on August 28. Organized at the Novotel Danang Premier Han River, this years conference was held under the theme “Driving Transformational Change Beyond Greenwashing”, and focused on inspiring participants to discuss and discover transformational ESG & CSR strategies, beyond conventional thinking. The conference also addressed the challenges and need for climate-friendly solutions and technologies, including electric vehicles, high tech farming, sustainable supply chains, and nature-based solutions.

Among the notable speakers, Prof. Dr. Richard Hames, Founder & Executive Director, Centre for the Future and Fellow of the World Academy of Art & Science, gave a powerful speech on “Beyond ESG: From The Impossible To The Inevitable”, encouraging the move from the degenerative practices of the industrial era, through the many delusions of sustainability and lies about ‘green growth’, to regenerative systems globally.

In view of 20 Years of Building, Implementing and Supporting ESG in Vietnam, Ms. Kim Francois, Executive Director of BeLuxCham Vietnam presented “Localising and Creating Positive Impact for Foreign Businesses in Vietnam – Successful ESG stories of BeluxCham Blending Eastern and Western Cultures.” She shared how BeLuxCham provides an eco-system that shares expertise in ESG and provides a platform to which companies can learn from each other and be part of each other’s circular system. She believed that more work is needed to ensure that SMEs are learning and implementing ESG, to contribute together to the goals set by Vietnam, but mainly to be sure we are living in a healthy environment and protecting our people.

Prof. Dr. Martin Blake, the Conference Chairman announced that the Organisers are planning to hold The 16th Annual Global CSR & ESG Summit & Awards in Ho Chi Minh, Vietnam. The summit ended with the The Global CSR & ESG Awards, graced by Guest of Honour, Mr Nguyen Anh Phong, Deputy-Director-General of Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD), and Ms. Kim Francois, Executive Director of BeLuxCham Vietnam. The evening award ceremony was marked with a stunning audio and light display show.

The Award Categories for 2023:

– Best Environmental Excellence Award
– Best Community Programme Award
– Excellence In Provision Of Literacy & Education Award
– Empowerment Of Women Award
– Best Workplace Practises Award
– CSR & ESG Leadership Award
– Product Excellence Award
– Best Chief Executive Officer (CEO)
– Best Corporate Comms & Investors Relations Team

And Award Categories 2023 recognizing companies at the forefront of their countries:

– Best In Singapore
– Best In Thailand
– Best In Indonesia
– Best In Cambodia
– Best In Viet Nam
– Best In Philippines

THE WINNERS

Best Environmental Excellence Award

o Above USD 1 Billion Market Cap
— Bronze: SM Investments Crk Softex Indonesia, PT Astra International TBK
— Gold: PT Adaro Indonorporation
— Silver: Kimberly-Claesia, PT Chandra Asri Petrochemical TBK, Central Department Store Limited (Head Office)
— Platinum: PT Pertamina Hulu Mahakam
o USD 500 Million To USD 1 Billion Market Capitalization
— Platinum: Manila Water
o Less Than USD 500 Million Market Capitalization
— Bronze: PT Diageo Indonesia
— Silver: Schneider Electric Indonesia
— Gold: GeoComply Viet Nam
— Platinum: PT Kilang Pertamina International

Best Community Programme Award

o Above USD 1 Billion Market Cap
— Bronze: BHG Retail Trust Management Pte Ltd
— Silver: PT Asmin Bara Bronang
— Gold: PT Pertamina Patra Niaga Regional Jawzation
— Bronze: PT Tower Bersama Infrastructure TBK, FPT Corporation,
— PT Pertamina – Patra Niaga Fuel Terminal Rewulu
— Silver: Kuala Lumpur Kepong Berhad, Badak LNG, RHB Bank Berhad
— PT Pertamina Patra Niaga Fuel Terminal Boyolali
— Gold: Sarawak Energy Berhad, Indosat Ooredoo Hutchinson PTTEP Indonesia,
— PT Chandra Asri Petrochemical Tbk,
— Platinum: PT Pertamina Hulu Mahakam
o USD 500 Million To USD 1 Billion Market Cap
— Bronze: Bagian Tengah DPPU Ahmad Yani
— Platinum: PT Meares Soputan Mining
o Less Than USD 500 Million Market Capitalization
— Bronze: Price Waterhouse Coopers, IDP Education (Cambodia) Limited
— Silver: Diageo Viet Nam, Prince Holding Group
— Gold: PT Diageo Indonesia, GeoComply Viet Nam,
— PT Pertamina Patra Niaga Integrated Terminal Semarang
— Platinum: PT Kilang Pertamina International

Excellence In Provision Of Literacy & Education Award

o Above USD 1 Billion Market Cap
— Bronze: Adaro Energy Indonesia
— Silver: Kuala Lumpur Kepong Berhad
— Gold: PT Samsung Electronics Indonesia
— Platinum: Tata Consultancy Services Limited
o USD 500 Million To USD 1 Billion Market Capitalization
— Silver: Samsung Electronics Viet Nam Co. Ltd
— Gold: PT Asmin Bara Bronang
— Platinum: Manila Water
o Less Than USD 500 Million Market Capitalization
— Gold: MegaWorld Foundation
— Platinum: IDP Education (Cambodia) Limited

Empowerment Of Women Award

o Above USD 1 Billion Market Cap
— Platinum: PT Pertamina Geothermal Energy Tbk Ulubelu
o Less Than USD 500 Million Market Capitalization
— Gold: GeoComply Viet Nam
— Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)

Best Workplace Practises Award

o Above USD 1 Billion Market Cap
— Platinum: PT Tower Bersama Infrastructure TBK
o USD 500 Million To USD 1 Billion Market Capitalization
— Platinum: Manila Water
o Less Than USD 500 Million Market Capitalization
— Gold: GeoComply Viet Nam
— Platinum: Diageo Indonesia

CSR & ESG Leadership Award

o Above USD 1 Billion Market Cap
— Bronze: PT Tower Bersama Infrastructure TBK
— Silver: Tata Consultancy Services Limited, Bridgestone Asia Pacific Pte Ltd
— Gold: PT Chandra Asri Petrochemical Tbk, Aditya Birla Fashion and Retail Limited, ACEN Corporation
— Platinum: KLCC Property Holdings Berhad
o USD 500 Million To USD 1 Billion Market Capitalization
— Bronze: BHG Retail Trust Management Pte Ltd
— Silver: Home Credit Vietnam Finance Company Limited
— Gold: Samsung Electronics Vietnam Co. Ltd
— Platinum: PT Asmin Bara Bronang
o Less Than USD 500 Million Market Capitalization
— Bronze: Diageo Indonesia
— Silver: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)
— Gold: GeoComply Viet Nam
— Platinum: DEEP C Industrial Zones

Product Excellence Award

o Above USD 1 Billion Market Cap
— Bridgestone Asia Pacific Pte Ltd

Best CEO Award

o Above USD 1 Billion Market Cap
— Gold: Indosat Ooredoo Hutchinson
— Platinum: PT Chandra Asri Petrochemical Tbk

Best Corporate Comms & Investor Relations Team Award

o USD 500 Million To USD 1 Billion Market Cap
— Platinum: BHG Retail Trust Management Pte Ltd
o Less Than USD 500 Million Market Cap
— Platinum: Viettel Construction Joint Stock Corporation

Best Country Award – Best In Indonesia

o Above USD 1 Billion Market Cap
— Gold: PT Pertamina Hulu Energi Offshore North West Java
— Platinum: PT Astra International TB
o Less Than USD 500 Million Market Cap
— Silver: PT Kilang Pertamina International
— Gold: Diageo Indonesia
— Platinum: Schneider Electric Indonesia

Best Country Excellence – Best In Cambodia

o Above USD 1 Billion Market Cap
— Platinum: NagaWorld Limited
o Less Than USD 500 Million Market Cap
— Platinum: Prince Holding Group

Best Country Excellence – Best In Thailand

o Above USD 1 Billion Market Cap
— Platinum: Krungthai-AXA Life Insurance Public Company Limited

Best Country Excellence – Best In Philippines

o Above USD 1 Billion Market Cap
— Platinum: ACEN Corporation

Best Country Excellence – Best In Singapore

o Above USD 1 Billion Market Cap
— Platinum: Tata Consultancy Services Limited

Best Country Excellence – Best In Vietnam

o Above USD 1 Billion Market Cap
— Platinum: FPT Corporation
o USD 500 Million to USD 1 Billion Market Cap
— Platinum: Samsung Electronics Viet Nam Co. Ltd,
o Less than USD 500 Million Market Cap
— Platinum: Diageo Viet Nam

For media enquiries please contact:
Cyan Lee, Pinnacle Group
E: marketing@pinnaclegroup.global
T: +65 8222 2344

SCIB Reports Q4FY2023 Financial Results with Revenue of RM33.3 Million, Gross Profit of RM6.5 Million and Highlights Growth Opportunities

Significant Narrowing of Operating Loss Highlights Company’s Resilience and Growth Potential

Industrialised building systems specialist, Sarawak Consolidated Industries Berhad (SCIB), is delighted to announced its financial results for the fourth quarter of fiscal year 2023 (Q4FY2023), reflecting a positive growth trajectory across key financial metrics and strategic business segments.

Ku Chong Hong, Managing Director of SCIB

Revenue for the quarter reached RM33.3 million, a 27% increase from RM26.3 million in Q4FY2022. Gross Profit grew by 73% to RM6.5 million from RM3.8 million in the corresponding period of the previous fiscal year. The Operating Loss was significantly reduced to RM18.2 million from RM47.1 million, and Loss Before Tax (LBT) improved to RM18.5 million from RM47.4 million in Q4FY2022.

In the Manufacturing segment, SCIB reported revenue of RM23.2 million, a year-to-date increase of 10%, with profit before tax of RM2.8 million. The Construction/EPCC segment registered revenue of RM10.2 million, marking a 92% increase year-to-date, with loss before tax narrowed to RM4.5 million. The growth in revenue and profitability across key segments was driven by increased sales volume of foundation piles and the kick-start of two new school projects.

“In the challenging business environment, SCIB has demonstrated resilience and adaptability, successfully navigating the market dynamics,” said Mr. Ku Chong Hong, Managing Director of SCIB. “Our growth this quarter reflects our focus on core capabilities in Engineering, Procurement, Construction, and Commissioning (EPCC) and our ability to supply crucial building materials. The future outlook for SCIB is robust, built upon a comprehensive understanding of the broader economic environment. We are well-positioned to seize growth opportunities in the domestic construction industry and benefit from strategic initiatives and prudent financial management.”

SCIB’s proactive engagement in securing small-to-mid-sized construction projects, Sarawak’s construction sector upswing, and the positive view of China’s recent RM170 billion investment commitment pave the way for enhanced growth opportunities. The Company also fortified its financial position through a private placement that raised approximately RM12.76 million in gross proceeds, underlining SCIB’s prudent financial management.

SCIB’s Q4FY2023 results illustrate a company on the move, aligning with broader economic forecasts and positioning itself well within the evolving economic landscape. The strategic approach and unwavering commitment to sustainable growth set the stage for a bright future.

SCIB’s financial position is further bolstered by an outstanding orderbook for construction contracts, standing robust at RM275 million. This orderbook reflects a promising pipeline of projects and underscores SCIB’s ability to identify and secure valuable opportunities in the market.

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

SKYX Announces Over $14 Million (unaudited) In Sales for Partial Second Quarter, Including Sales of Its Plug & Play Products That Are Now Sold on 16 US and Canadian Leading Websites

The Company Will Conduct an Investor Update Call on August 9 at 10:30am EST to Discuss its Progress and Growing Sales of its Plug & Play Smart and Standard Products, Financials, as Well as its Continuing Safety Standardization Progress
The Company will Provide an Access Link to the Investor Update Call in a Subsequent Press Release

SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a Sky Technologies), a highly disruptive platform technology company with over 60 issued and pending patents globally with a mission to make homes and buildings become safe and smart as the new standard, announced today that it has over $14 million in sales for the partial second quarter, including sales of its Smart and Standard Plug & Play products that are now sold on over 16 US and Canadian leading lighting and home decor websites.

These websites serve both retail and professional customers and include the following websites: 1stoplighting.com, Lightingdesignexperts.com, Canadalightingexperts.com, Americanlightingstore.com,Homeclick.com, and Lunawarehouse.com among others.

Rani Kohen, Founder and Executive Chairman of SKYX Platforms, said: “We are very happy to initiate our sales now on over 16 lighting and home decor websites in the US and Canada, as well as market and educate both retail and professional customers on the simplicity, cost saving, time saving, and life-saving aspects of our Sky ceiling outlet receptacle and our plug & play smart and standard products. We expect to continue our product launch in additional locations in the coming months.”

Steve Schmidt, President of SKYX Platforms, said: “Seeding the market with our products and introducing the concept of a plug & play ceiling outlet to many consumers and professionals for the first time, showing them that there is truly a better, safer, and faster way, positions us to continue our rapid pace of operational execution. We look forward to providing the investment community with an update on our value-creation initiatives next week on our investor update call and would encourage all current and prospective shareholders to attend.”

About SKYX Platforms Corp.

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard.

SKYX Platforms Corp. (NASDAQ:SKYX) has a series of highly disruptive advanced-safe-smart platform technologies, with over 60 U.S. and global patents and patent pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. The company owns 64 lighting and home decor websites For more information, please visit our website at https://skyplug.com/ or follow us on LinkedIn.

Preliminary Financial Results

The preliminary selected financial results in this press release are preliminary, are not a comprehensive statement of financial results for the quarter ended June 30, 2023, and are provided prior to completion of all internal and external audit review procedures and, therefore, are subject to adjustment. Actual results may vary from these estimates, and the variations may be material. Among the factors that could cause or contribute to material differences between the Company’s actual results and expectations indicated by the forward-looking statements are risks and uncertainties that include, but are not limited to: changes to the Company’s financial results for the quarter ended June 30, 2023 due to the completion of financial closing procedures, final adjustments and other developments that may arise between now and the time that the Company’s financial statements for the quarter are finalized and publicly released and other risks and uncertainties described above and in the Company’s filings with the Securities and Exchange Commission.

Forward-Looking Statements

Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,” “could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “ongoing,” “outlook,” “plan,” “position,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “target” “view,” “will,” or “would,” or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words.

Such forward-looking statements include any statements regarding SKYX’s sales, revenues, and SKYX’s products becoming a new standard. There can be no assurance that any of the Company’s current or future products or technologies will gain market acceptance or that they will be adopted by any state, country, or municipality, within any specific timeframe or at all. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its smart products and technologies, including commencement of presales, the Company’s efforts and ability to drive the adoption of Sky’s Smart Platforms into homes, buildings, cruise ships and communities and adoption by hotels, builders and architects, ability to capture market share, ability to execute on any sales and licensing opportunities, ability to achieve code mandatory status for the SkyPlug, risks arising from mergers and acquisitions, and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.

Media Relations Contacts:
Britney Ouzts/Barbara Goldberg
O’Connell & Goldberg, Inc.
(754) 204-7074/ (954) 294-4677
bouzts@oandgpr.com / bgoldberg@oandgpr.com

Investor Relations Contact:
Lucas A. Zimmerman
MZ North America
(949) 259-4987
SKYX@mzgroup.us

Sarawak Consolidated Commences Legal Action against Dynamic Prestige Consultancy

Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that it has initiated legal proceedings against Dynamic Prestige Consultancy Sdn. Bhd from an unfulfilled refund of RM14,000,000.00.

The sum was an initial payment in anticipation of a strategic business partnership in the Engineering, Procurement, Construction and Commissioning (EPCC) sector. As part of the agreement, Dynamic Prestige Consultancy Sdn. Bhd. was to propose a Redeemable Convertible Preference Shares (RCPS) scheme in their company. SCIB, having decided not to proceed with the RCPS, has sought the agreed refund. However, to date, Dynamic Prestige Consultancy Sdn. Bhd. (“Dynamic Prestige”) has failed to honour this agreement.

In response to the ongoing litigation, Mr. Ku Chong Hong, Group Managing Director of SCIB, stated, “The initiation of this legal action is a necessary step to protect our company’s interests and uphold our financial integrity. We have always operated with full adherence to our contractual obligations and expect the same level of commitment from our partners. We remain confident in our legal position and are committed to ensuring the best outcome for our shareholders and stakeholders.”

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

SCIB Celebrates Sarawak Day With Life-Saving Blood Donation Drive

SCIB CSR Team and Sarawak Blood Bank Jointly Organize ‘SCIB Blood Donation Day’

Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB or the Company) is pleased to announce that they have organised their annual blood donation drive in collaboration with the Sarawak General Hospital Blood Bank in honor of Sarawak Day. The initiative, known as SCIB Blood Donation Day, is part of the company’s ongoing commitment to giving back to society.

Under the lively banner “Ohh Kitak Juh Derma Darah”, the event is scheduled for 22nd July 2023, from 9am to 2pm. The venue is the Department of Transfusion Services and Blood Bank at Sarawak General Hospital, Kuching. SCIB is extending a heartfelt invitation to the community to join hands in this lifesaving cause. This marks SCIB’s 4th collaboration with Sarawak General Hospital Blood Bank since their first collaboration in 2020.

“A fundamental part of our ESG philosophy at SCIB is giving back to the community,” said Mr. Ku Chong Hong (‘Mr. Ku’), Managing Director of SCIB. “This blood donation drive not only aligns with our social responsibility but also embodies the spirit of Sarawak Day – unity and care for one another. We strongly believe that this initiative will enhance community bonding.”

To show gratitude to the generous donors, SCIB will be gifting a microfibre shirt to the first 120 participants. This token is a symbol of appreciation and recognition of their invaluable contribution to society.

“Blood donation is a simple act that has an extraordinary impact. We hope that this event will raise awareness about the constant need for blood and inspire more people to become regular donors,” added the spokesperson.

SCIB’s commitment to sustainability and community investment is a key component of its operating ethos. The company consistently seeks to balance its industrial activities with the welfare of its stakeholders. The SCIB Blood Donation Day is one of many initiatives demonstrating how SCIB fulfils its ESG commitments while making a real difference to people’s lives.

The company is encouraging everyone who can to support this critical cause. “Come, join us, and make a difference. Donate blood, save lives. Let’s work together to create a healthier Sarawak,” urged Mr. Ku.

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

SCIB Announces Restructuring at Board Level

Company to appoint Abang Abdillah as Executive Chairman and Marcus Chin Choon Wei as Executive Director with immediate effect at its EGM

Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB, Bursa: SCIB, 9237) today announced the appointments of Abang Abdillah Izzarim bin Tan Sri Datuk Patinggi Abang Haji Abdul Rahman Zohari as Executive Chairman and Marcus Chin Choon Wei as Executive Director.

Abang Abdillah Izzarim Bin Tan Sri Datuk Patinggi Abang Haji Abdul Rahman Zohari, Executive Chairman of SCIB

Marcus Chin Choon Wei, Executive Director of SCIB

Abang Abdillah Izzarim is the Chairman of the PP Telecom and a director for Cempaka Helicopter Corporation Sdn Bhd. Marcus Chin Choon Wei is the Chief Financial Officer of Artroniq Berhad, as well as an Executive Director at APB Resources Berhad.

At the same time, the Company is also announcing the appointments of Mr. Kang Wei Luen, Dr. Dang Nguk Ling, and Mr. Liaw Way Gian as Independent Non-Executive Directors, with immediate effect.

Mr. Liaw is an Executive Director and Chief Executive Officer (CEO) of Artroniq Berhad, while Mr. Kang is an Independent Non-Executive Director of Artroniq and APB Resources Berhad. Dr. Dang Nguk Ling is an Independent Non-Executive Directors of APB Resources Berhad where Mr. Liaw also serves as an Executive Director.

SCIB also announced the resignation of Group Chief Executive Officer and Managing Director, Encik Rosland Bin Othman today as well as three Independent Non-Executive Directors, namely En. Noor Azri bin Azerai, En. Mohd Shakir bin Shahimi, and En. Nuraiman bin Shaiful Annuar on Monday, 26 June.

Mr. Ku Chong Hong has since been redesignated to Managing Director, while En. Shamsul Anuar Bin Ahamad Ibrahim has been redesignated to Independent Non-Executive Director effective immediately.

Mr. Ku Chong Hong, the new Managing Director of SCIB, said, “I would like to thank the Board of Directors of SCIB for this appointment, and I would like to extend a warm welcome to Abang Abdillah as our newly appointed executive chairman. I would also like to welcome Mr. Marcus to the Board of Directors (BoD) along with Mr. Kang, Dr. Dang and Mr. Liaw. Together with our recently appointed Independent Non-Executive Director Ms. Toh Beng Suan, their contributions and advice will help bring the Company to new levels of success. I look forward to working closely with them as SCIB will certainly be able to leverage on their experience and expertise.”

“We would also like to wish En. Rosland bin Othman for his many years of dedication towards SCIB, and to En. Noor Azri bin Noor Azerai, En. Mohd Shakir bin Shahimi and En. Nuraiman bin Shaiful Annuar well and thank them for their guidance and advice in their time as directors of SCIB.”

SCIB has been leveraging on its expertise as an engineering, procurement, construction and commissioning (EPCC) to seek opportunities in small-to-mid-sized projects in rural areas across Malaysia. The Company’s wholly-owned subsidiary, SCIB Industrialised Building System Sdn Bhd (SCIBIBS), was earlier this year awarded two school projects, an EPCC subcontract valued at RM16.8 million for the construction of Sekolah Kebangsaan Tambay, in Kota Samarahan and the rebuilding of a Daif school in Serian valued at RM20.65 million, both in Sarawak.

As at the end of 3QFY2023, SCIB’s order book stood at a cumulative contract value of RM495.3 million.

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

SCIB Posts Revenue of RM32.4 Million for 3Q

Company narrows LBT sigificantly over nine-month period

Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Group recorded a revenue of RM32.4 million for the third quarter ended 31 March 2023 (3Q FY2023) compared with a revenue of RM37.5 million for the corresponding quarter of the previous financial year.

En. Rosland Bin Othman, Group Managing Director of Sarawak Consolidated Industries Berhad

For the quarter under review, the Company registered a profit before tax (PBT) of RM0.2 million compared with a loss before tax (LBT) of RM2.0 million in the corresponding quarter 3Q FY2022. For the nine-month period ended 31 March 2023 (9M FY2023), SCIB recorded RM98.7 million in revenue compared with RM102.2 million in the corresponding period of the previous financial year. For 9M FY2023, the Group’s LBT narrowed to RM3.5 million compared with LBT of RM6.0 million in 9M FY2022.

On a segmental basis, the manufacturing division, which produces precast concrete and Industrialised Building System (IBS) building materials, recorded revenue of RM23.2 million in 3Q FY2023 compared with RM22.1 million in 3Q FY2022 and PBT of RM2.7 million compared with RM0.7 million. In 9M FY2023, the manufacturing segment recorded a cumulative revenue of RM68.9 million, as compared to RM64.9 million in 9M FY2022 and PBT RM4.8 million compared with RM0.97 million.

The engineering, procurement, construction, and commissioning (EPCC) division recorded a revenue of RM9.2 million in 3Q FY2023 compared with RM15.1 million in 3Q FY2022 and PBT of RM0.009 million compared with LBT of RM0.66 million. The EPCC segment registered a cumulative revenue of RM29.4 million in 9M FY2023 compared with RM36.6 million with a cumulative LBT of RM1.44 million compared with LBT of RM1.74 million.

Group Managing Director of SCIB, Encik Rosland bin Othman (“En. Rosland”), said, “The contribution to revenue in the quarter was mainly driven by the increase in sales of foundation piles while the improvement in PBT was mainly due to margins from the sales of precast concrete products. We have also seen an improvement over the nine-month period as our LBT has narrowed significantly.”

“The Company will continue to leverage on its EPCC expertise to actively pursue leads for small-to-mid-sized construction projects across Malaysia where it has a niche and supported by our manufacturing division’s ability to supply precast and IBS building materials together with building technology.”

As at the end of 3Q FY2023, the SCIB’s order book stood at a cumulative contract value of RM495.3 million.

In a separate announcement, the Company has appointed Ms. Toh Beng Suan as an independent non-executive director today. As a lawyer with over 20 years of experience, she has advised on the development, construction, financing, operation, and maintenance of some of the largest and most complex infrastructure projects in Malaysia and in the Asian and Middle East regions, as well as construction law and various forms of construction and engineering contracts.

“SCIB is cognisant of the need to be inclusive and will deeply benefit from having Ms. Toh on board, where she is a representative of how capable women can play more important and growing roles in decision-making within the Company,” said En. Rosland.

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

The 13th PropertyGuru Asia Property Awards (Singapore) programme begins call for entries in resilient market

The PropertyGuru Asia Property Awards (Singapore) programme is now open for entries for its 13th edition in 2023.

Organisers of the 13th annual PropertyGuru Asia Property Awards (Singapore) now challenge the country’s leading and emerging development companies and design practices to compete for recognitions that showcase and provide an international platform for their exemplary, outstanding achievements.

Entry submissions are accepted online until 1 September 2023 via: asiapropertyawards.com/

The Singapore property market is off to a promising albeit slower start in 2023. The housing market remains resilient despite uncertain geopolitical and macroeconomic conditions, rising inflation, and increasing interest rates, according to the PropertyGuru Singapore Property Market Report Q1 2023.

Defying economic downside pressures, property prices climbed in 2022, partly due to tight supply, amid declining sales volumes across all property types. Despite the increased cost of acquiring homes, many buyers maintain a positive view of the market’s long-term outlook.

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “Singapore developers continue to lead the way with designs and concepts that are not only deserving of international recognition, but also set a high standard for Southeast Asia. We are confident that this year’s entries will be just as exemplary, displaying Singaporean prowess in creating sustainable built environments and aspirational developments where people can live, work, and thrive.”

Kristin Thorsteins, chairperson of the PropertyGuru Asia Property Awards (Singapore) and head of partnership growth for APAC at IWG PLC (Singapore), said: “In recent years, Singapore developers have demonstrated remarkable resilience and flexibility, responding to changes by creating more sustainable spaces and integrating nature into their projects. As we look ahead, we anticipate witnessing further benchmark-setting innovations among our entries this year, as Singapore continues to adapt to post-pandemic societal changes and prepares to face any challenge with unwavering determination and vigour.

“With a robust infrastructure ecosystem and a commitment to green-building technologies, Singapore is at the forefront of sustainable development, leading the way in reducing energy and water consumption, as well as carbon emissions. We are confident that Singapore’s developers will continue to drive innovation in the real estate industry, creating spaces that are not only resilient, but also sustainable and in harmony with nature.”

The black-tie gala dinner and presentation ceremony of the 13th PropertyGuru Asia Property Awards (Singapore) will take place at The Ritz-Carlton, Millenia Singapore ballroom on Friday, 27 October 2023.

Key dates for the 2023 edition:
1 September 2023 – Entries Close
11-29 September – Site Inspections
3 October 2023 – Final Judging
27 October 2023 – Gala Dinner and Awards Ceremony in Singapore
8 December 2023 – Regional Grand Final Gala Presentation in Bangkok, Thailand

The public are encouraged to submit their nominations before the deadline of entries on 1 September 2023 here: asiapropertyawards.com/nominations

Led by Thorsteins, an independent panel of judges, comprising experts in diverse fields such as real estate consultancy, architecture and interior design, and sustainable development, will participate in a rigorous process selecting the award recipients.

The resulting shortlist of nominees will be able to showcase their companies and projects to a wide network of property seekers, real estate agents, banks and valuers, and other enterprises served by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company.

Supervised by HLB, the global network of independent advisory and accounting firms, the awards programme makes full use of a professionally run and fully transparent judging system, with an established reputation for fairness, credibility, and integrity.

Excellent Asian companies

Main winners from the 2023 edition of the PropertyGuru Asia Property Awards (Singapore) will qualify to compete with other excellent companies across the region for the ‘Best in Asia’ honours at the 18th PropertyGuru Asia Property Awards Grand Final in Bangkok, Thailand on 8 December 2023.

Singapore companies scored several regional wins at the 17th PropertyGuru Asia Property Awards Grand Final 2022. GuocoLand was named Best Luxury Developer (Asia) and Best Sustainable Developer (Asia) while UOL Group Limited was named Best Hospitality Developer (Asia).

UOL Group Limited also won Best Hotel Development (Asia) for Pan Pacific Orchard. Park Nova by Shun Tak Holdings gained the Best Condo Architectural Design (Asia) title while Artyzen Singapore by Artyzen Hospitality Group won Best Hospitality Interior Design (Asia).

Established in 2005, the PropertyGuru Asia Property Awards continue to reward high-calibre work within the industry, encompassing property development, construction, architecture, interior design, and sustainable building practices. The series initially covered Southeast Asia and has expanded over the years to include the region’s dynamic property markets, including Australia, China, Greater Niseko in Japan, and India.

The 13th PropertyGuru Asia Property Awards (Singapore) are supported by official portal partner PropertyGuru.com.sg; official magazine Property Report by PropertyGuru; media partner d+a Magazine; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair and transparent.

In 2023, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2023.

For more information, please visit AsiaPropertyAwards.com

ABOUT PROPERTYGURU GROUP:

PropertyGuru is Southeast Asia’s leading¹ PropTech company, and the preferred destination for over 41 million property seekers² to connect with more than 63,000 agents³ monthly to find their dream home. PropertyGuru empowers property seekers with more than 3.2 million real estate listings⁴, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio of leading property marketplaces across its core markets; award-winning mobile apps; mortgage marketplace, PropertyGuru Finance; and a host of enterprise solutions now under PropertyGuru For Business, including a high-quality developer sales enablement platform, FastKey, DataSense, ValueNet, Awards, events and publications across Asia.  

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

¹Based on SimilarWeb data between July 2022 and December 2022
²Based on Google Analytics data between July 2022 and December 2022
³Based on data between July 2022 and December 2022
⁴Based on SimilarWeb data between July 2022 and December 2022

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com

Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2510
E: nate@propertyguru.com

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: kanittha@propertyguru.com

Sales & Nominations:
Alicia Loh, Awards Manager (Singapore)
M: +65 8382 0078
E: alicia@propertyguru.com.sg

NOTE: Use of the PropertyGuru Asia Property Awards logo is limited to the publication of this article only.

10th PropertyGuru Asia Awards Malaysia in partnership with iProperty marks a decade of excellence amid economic expansion

Malaysia’s leading property portals have jointly launched the 10th Annual PropertyGuru Asia Awards Malaysia in partnership with iProperty—inviting the country’s finest property developers to receive and vie for sought-after hallmarks of excellence in real estate.

Bringing two of the nation’s most respected awards programmes to set a new single benchmark for excellence in Malaysian real estate, the landmark 10th edition of the PropertyGuru Asia Awards Malaysia in partnership with iProperty is now accepting submissions until 30 June 2023 via: asiapropertyawards.com/nominations

Now in its 10th year of celebrating achievements in property development and design, the search for Malaysia’s finest real estate begins anew at an auspicious time as Malaysia’s economy shows impressive growth. The Malaysian economy expanded by 8.7% YoY in 2022—the highest annual growth recorded since the year 2000 (8.9% YoY). The economy is expected to expand by 4.0% to 5.0 % in 2023, supported by firm domestic demand and ongoing improvements in the labour market.

Although demand for homes is likely to be tempered in the first half of 2023 due to rising interest rates, the second half of the year is shaping up to be more promising as the Chinese economy opens, according to the PropertyGuru Malaysia Property Market Report Q1 2023. The relaxation of Covid-19 measures in China is set to boost the economy in the second half of the year through an increase in tourist arrivals and reduced supply chain disruptions.

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “We are thrilled to celebrate the landmark 10th edition of the PropertyGuru Asia Awards Malaysia in partnership with iProperty. Built on two strong brands and guided by Malaysia’s most trusted property advisors, our awards programme leverages our combined expertise and network to further raise the benchmark of property development and design in the country. The Awards also serve as a quality benchmark for buyers looking to invest in Malaysia’s finest real estate.”

The black-tie gala celebration is scheduled to take place at The Majestic Hotel Kuala Lumpur, the official venue of the Awards, on Friday, 24 November 2023.

Key dates for the 2023 edition:
30 June 2023 – Entries Close
24-26 July 2023 – Live Judging Days
17-30 July 2023 – People’s Choice Awards voting period
24 November 2023 – Gala Dinner and Awards Ceremony in Kuala Lumpur, Malaysia
8 December 2023 – Regional Grand Final Gala Presentation in Bangkok, Thailand

The public are also encouraged to submit their nominations before the deadline of entries on 30 June 2023 here: asiapropertyawards.com/nominations

In addition, the People’s Choice Awards will allow consumers and residents in Malaysia to vote for their preferred and most trusted developers, honouring 10 companies that deliver the Best in Trust, Quality, and Value for Money.

Respected leaders, experts

A distinguished panel of judges, comprising 18 respected leaders and experts in real estate consultancy, architecture, interior design, finance, legal, and related fields, will discuss and deliberate over entries during the Live Judging Days in late July 2023.

Datuk Ar. Ezumi Harzani Ismail, president of the Malaysian Institute of Architects: 2020-2022, has been elected chairperson of the independent panel of judges in 2023. He succeeds Dato’ Sr Lau Wai Seang, president of the Royal Institution of Surveyors Malaysia (RISM): 2017-2018, who remains on the panel, to the chairpersonship.

Datuk Ar. Ezumi Harzani Ismail said: “I am so pleased to lead the independent panel of judges of the Awards in Malaysia as the programme recognises the finest real estate in the country for the 10th year running. Along with the independent panel of judges, I join Malaysia’s consumers in helping reward the achievements of the real estate sector and moving the recovering economy towards progress and prosperity. With this year’s entrants and competitors, we will raise the bar of design and development together in Malaysia.”

HLB, the official supervisor of Awards, will oversee the judging and make sure the process is fair, transparent, and credible. John Ler and Kelvin Chew, international contact partner and managing partner for HLB Ler Lum Chew – HLB Malaysia, respectively, will lead the third-party team of supervisors.

Qualifying as the Best in Asia

Main winners from the PropertyGuru Asia Awards Malaysia in partnership with iProperty will qualify to compete for regional accolades at the 18th PropertyGuru Asia Property Awards Grand Final in Bangkok, Thailand on 8 December.

Malaysia’s finest real estate won several ‘Best in Asia’ honours at the 17th PropertyGuru Asia Property Awards Grand Final 2022. KL Wellness City by KL Wellness City Sdn Bhd was named Best Mixed Use Development (Asia) while Infinity8 Reserve JBCC by Infinity Group won Best Co-Working Space (Asia).

Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty are supported by official portal partners PropertyGuru.com.my and iProperty.com.my; official venue The Majestic Hotel Kuala Lumpur; official magazine Property Report by PropertyGuru; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS

For more information, please visit AsiaPropertyAwards.com

ABOUT PROPERTYGURU GROUP

PropertyGuru is Southeast Asia’s leading¹ PropTech company, and the preferred destination for over 41 million property seekers²to connect with more than 63,000 agents³ monthly to find their dream home. PropertyGuru empowers property seekers with more than 3.2 million real estate listings⁴, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

For more information, please visit: PropertyGuruGroup.com;  PropertyGuru Group on LinkedIn.

¹Based on SimilarWeb data between July 2022 and December 2022
² Based on Google Analytics data between July 2022 and December 2022
³ Based on data between July 2022 and December 2022
⁴Based on SimilarWeb data between July 2022 and December 2022

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com

Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2510
E: nate@propertyguru.com

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: kanittha@propertyguru.com

Sales & Nominations:
Samuel Poon, Asst. Manager (Malaysia & China) – Awards
M: +60 16 411 4361
E: samuel@propertyguru.com

NOTE: Use of the PropertyGuru Asia Property Awards logo is limited to the publication of this article only.

The 6th PropertyGuru Asia Property Awards (Australia) will showcase the country’s finest to domestic, international property seekers

The PropertyGuru Asia Property Awards (Australia) programme officially opened its sixth edition in 2023 as overseas property seekers return to the renowned investment destination.

CaptFrom L-R: Josh Chye, Partner, Tax Consulting, HLB Mann Judd, the awards official supervisor;
Lui Violanti, Chairperson of the PropertyGuru Asia Property Awards (Australia) and regional manager
for Western Australia at Inhabit Group; Jules Kay, General Manager of PropertyGuru Asia Property
Awards and Events; and Sally Picot, Group General Manager of Sales, Scape Australiaion

Australia’s finest developers and design practices may submit their entries to the 6th PropertyGuru Asia Property Awards (Australia), which will be presented for the first time ever in Australia during a black-tie gala dinner and ceremony in Melbourne in October.

Entry submissions are accepted online until 4 August 2023 via: asiapropertyawards.com

The launch of the Awards in Australia comes as residential real estate in the country strengthens its reputation as a long-term, stable-growth asset class for end use and investment. Australia during the pandemic emerged as a safe haven where residential property prices have since continued to grow, according to research by Property Report by PropertyGuru, the official magazine of the Awards. This has emboldened Asian buyers to look for second homes in the popular international education destination following eased border restrictions.

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “The Awards in Australia have grown to be much more comprehensive in the post-pandemic era, expanding to cover more states and a wider range of developers. This reflects the needs of an increasingly diverse pool of domestic and international property seekers, including upgraders, seniors, international students and foreign investors. This year, we plan to celebrate the diversity and success of the Australian market in new, even more exciting ways.”

Lui Violanti, chairperson of the PropertyGuru Asia Property Awards (Australia) and regional manager for Western Australia at Inhabit Group, said: “With great excitement and pride, we open the 2023 edition of the Awards in Australia to worthy entries from all over the country. We challenge Australia’s finest developers and design practices to showcase their latest and greatest achievements to the rest of Asia Pacific as property seekers across the region eagerly search once more for the country’s best homes, aged-care environments, student accommodations, commercial spaces, mixed-use sites, and investment assets. The sixth edition of the Awards in Australia are truly something to look forward to this year.”

In a milestone occasion, the PropertyGuru Asia Property Awards (Australia) will be celebrated for the first time within the country at the Grand Hyatt Melbourne ballroom on Friday, 13 October.

Key dates for the 2023 edition:
4 August 2023 – Entries Close
28 August – 15 September 2023 – Site Inspections
19 September 2023 – Final Judging
13 October 2023 – Gala Dinner and Awards Ceremony in Melbourne, Australia
8 December 2023 – Regional Grand Final Gala Presentation in Bangkok, Thailand

The public are also encouraged to submit their nominations before the deadline of entries on 4 August 2023 here: asiapropertyawards.com/nominations

Jules Kay, General Manager of PropertyGuru Asia Property Awards and Events

Connecting with international property seekers

Jules Kay and Lui Violanti led the ‘Connect with Southeast Asia’ event at Pullman Quay Grand Sydney Harbour that officially launched the 2023 edition of PropertyGuru Asia Property Awards (Australia).

Sally Picot, group general manager of sales at Scape Australia, winner of the Best Student Accommodation Development award at the 5th PropertyGuru Asia Property Awards (Australia) 2022, attended the launch in Sydney. Also in attendance was Josh Chye, partner and head of tax at HLB Mann Judd, representing HLB, the official supervisor of the Awards.

HLB, the global network of independent advisory and accounting firms, is responsible for upholding the fairness, credibility, and integrity of the selection process. As the official supervisor of the Awards, HLB makes full use of a professionally run, fully transparent judging system.

The selection process, which includes rigorous site inspections and deliberations, involves an independent panel of judges. Led by Lui Violanti, the judging panel is composed of experts in a wide array of fields from architecture and design to real estate consultancy.

Top award recipients from Australia will be eligible to compete with their peers across the Asia-Pacific region at the 18th PropertyGuru Asia Property Awards Grand Final 2023 on 8 December in Bangkok, Thailand. Last year, Spacious Group won the Best Boutique Developer (Asia) title at the 17th PropertyGuru Asia Property Awards Grand Final. Paradiso Place by SPG Land clinched both the Best Smart Building Development (Asia) and Best Integrated Work From Home Development (Asia) awards while Zero Gipps by Dare Property Group and The Archwood Residences by Mayrin Group won the Best Eco Friendly Commercial Development (Asia) and Best Housing/Landed Architectural Design (Asia) awards, respectively.

Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 6th PropertyGuru Asia Property Awards (Australia) are supported by official magazine Property Report by PropertyGuru; official publicity partner Good Talent Media; media partners Australian Property Journal, The Property Tribune, and Your Investment Property Magazine; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair and transparent.

For more information, please visit AsiaPropertyAwards.com

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com

Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2510
E: nate@propertyguru.com

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: kanittha@propertyguru.com

Sales & Nominations:

Watcharaphon Chaisuk (Jeff), Solutions Manager

M: +66 95 797 0595

E: jeff@propertyguru.com

NOTE: Use of the PropertyGuru Asia Property Awards logo is limited to the publication of this article only.