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Malay Mail
2 minutes ago
- Malay Mail
Malaysia's construction sector cements 12.9pc Q2 growth with RM43.9b in projects
KUALA LUMPUR, Aug 11 — Malaysia's construction sector maintained steady growth of 12.9 per cent, with the value of work done reaching RM43.9 billion in the second quarter of 2025 (Q2 2025), following a 16.6 per cent increase in the previous quarter, according to the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the growth was driven by continued expansion in the special trade activities and non-residential buildings sub-sectors, which posted substantial double-digit growth of 22.2 per cent and 16.2 per cent respectively. 'The residential buildings sub-sector also contributed significantly, expanding by 13.9 per cent, while the civil engineering sub-sector maintained a positive trend with a growth of 7.5 per cent,' he said in DOSM Quarterly Construction Statistics today. Mohd Uzir said that of RM43.9 billion of work done value, a total of RM16.3 billion or 37.1 per cent was attributed to the civil engineering sub-sector, primarily in the activity of construction of utility projects of RM8.1 billion and roads and railways (RM6.5 billion). 'The value of work done for non-residential buildings and residential buildings sub-sectors accounted for RM12.4 billion (28.2 per cent) and RM10 billion (22.8 per cent) respectively. 'Additionally, the special trade activities sub-sector accounted for RM5.2 billion (11.9 per cent), largely in site preparation (RM1.5 billion); electrical installation (RM1.2 billion); and plumbing, heat and air-conditioning installation (RM1.1 billion) activities,' he said. He also noted that the private sector remained the primary driver of growth in the sector, contributing RM28.2 billion or 64.2 per cent of the total value. According to him, the private sector sustained its double-digit growth momentum at 19.3 per cent growth from 23.7 per cent in Q1 2025, propelled by strong performance in the non-residential buildings (23.7 per cent) and the special trade activities (22.8 per cent) sub-sectors. 'Apart from that, the value of work done by the public sector increased by 3.1 per cent (1Q 2025: 6.3 per cent) to RM15.7 billion (share: 35.8 per cent), fuelled by the special trade activities sub-sector at 20.8 per cent growth,' he noted. On the states' performance, he said nearly 61.1 per cent of the total work done value was concentrated in Selangor, Johor, Sarawak and Federal Territories (Kuala Lumpur, Putrajaya and Labuan). The Construction value in Selangor amounted to RM9.7 billion or 22.2 per cent, contributed by the non-residential buildings of RM3.2 billion, followed by residential buildings (RM2.9 billion) and civil engineering (RM2.4 billion) sub-sectors. Meanwhile, Johor ranked second with a value of RM7.7 billion or 17.5 per cent, primarily from the non-residential buildings (RM3.4 billion) sub-sector. In the meantime, the value of work done in Sarawak was RM5.2 billion (11.9 per cent), while Federal Territories recorded RM4.2 billion (9.5 per cent). 'In the first half of 2025, the sector posted a value of RM86.8 billion, reflecting a 14.7 per cent increase compared to the same period in 2024, driven by positive performance across all sub-sectors, particularly in special trade activities of 28.3 per cent and residential buildings (20 per cent),' he added. — Bernama

Malay Mail
2 minutes ago
- Malay Mail
DOSM: Malaysia's unemployment rate steady at 3pc amid continued job growth
PUTRAJAYA, Aug 11 — June's unemployment rate held at 3.0 per cent, with unemployed numbers declining to 518,700, according to the Labour Force Statistics for June and Second Quarter (Q2) of 2025 released today. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the labour market maintained its positive growth momentum in June, driven by the national economy's continued expansion. 'This was reflected in a steady rise in employment and a further decline in unemployment. Thus, the labour force continued its upward trend in June 2025, increasing by 0.3 per cent month-on-month to 17.43 million persons (May 2025: 17.38 million persons). 'The labour force participation rate (LFPR) in June 2025 stood at 70.8 per cent, consistent with the rate recorded in May,' he said in a statement today. Commenting on the overall performance for Q2 2025, Mohd Uzir said the labour force experienced a growth of 0.8 percent to 17.37 million persons compared to 17.23 million in Q1. Meanwhile, the LFPR increased marginally by 0.1 percentage points to reach 70.8 per cent, compared to 70.7 per cent in the previous quarter. 'Reflecting this trend, the number of employed persons increased by 0.9 per cent to 16.85 million persons (Q1 2025: 16.70 million persons). Meanwhile, the number of unemployed persons showed a decline of 1.0 per cent to 520.9 thousand persons (Q1 2025: 526.3 thousand persons). 'The unemployment rate for Q2 2025 dropped by 0.1 percentage points to 3.0 per cent compared to the previous quarter,' he said. Mohd Uzir said Malaysia's labour market is expected to remain stable in the coming months, supported by rising domestic demand, higher productivity, more job opportunities and broad-based investments, particularly in technology and strategic sectors. 'Although there are challenges such as talent migration, global trade tensions and inflation, government policies focusing on digitalisation, technical training and investment incentives are expected to sustain medium- to long-term growth,' he added. — Bernama


Malay Mail
31 minutes ago
- Malay Mail
Earlier keys for singles? Singapore reviews public housing age limit and income cap in bid to meet demand
SINGAPORE, Aug 11 — Singapore is considering lowering the minimum age for singles to buy Build-to-Order (BTO) flats and raising income limits for applicants, National Development Minister Chee Hong Tat said. As reported by Singapore's CNA, the minister noted that any changes will depend on housing supply and will be announced at an 'appropriate time'. Chee said demand for homes remains strong, fuelled partly by more young people wanting to own property. The government aims to expand eligibility for BTO flats to include families and married couples above the current S$14,000 (RM46,158) household income cap, as well as singles under the present age limit of 35. 'We are looking at whether we can reduce the age for singles to be eligible, so that singles can come in and buy BTO flats at an earlier age,' Chee was quoted as saying. To meet demand, the Housing and Development Board (HDB) has accelerated construction after clearing Covid-19 delays. It was reported that from 2021 to 2025, the Housing and Development Board (HDB) launched about 102,300 flats, exceeding its 100,000 target. Between 2025 and 2027, about 55,000 BTO flats will be launched, 10 per cent more than planned, in areas including Mount Pleasant, Woodlands North Coast, Sembawang North and the former Keppel Club site. This year, 4,500 flats with waiting times of under three years will be offered. Private housing supply will also increase, with over 25,000 units to be launched from 2025 to 2027 via the Government Land Sales programme, adding to 45,000 units already in the pipeline for completion by 2030.