Tasek 2Q revenue lifted by domestic cement sales
Tasek Corp Bhd reported a 20.78 per cent rise in revenue for the second quarter, driven by higher demand for cement in its domestic market of Malaysia.
Infrastructure
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SGC second-quarter declines on weaker demand
Siam Cement Group (SCG) reported a 14 per cent decline in second-quarter net profit due in part to weaker domestic cement demand as months of political unrest have delayed spend...
Philippine cement sales growth continues
Cement sales in the Philippines rose 3.2 per cent in the second quarter of this year, underpinned by public works projects and private sector construction activity.
Improving demand outlook for SCC, Thailand
Despite demand for cement and building materials yet to show signs of recovery in Thailand, consumption is expected to improve, particularly from next year, according to a recen...
Housebuilding boosts UK construction growth
UK construction has grown at its fastest annual pace in four months during June 2014 led by an increase in housebuilding, a survey has suggested.
RAM Ratings reaffirms Lafarge Malaysia rating
RAM Ratings has reaffirmed the AA2/Stable/P1 ratings of Lafarge Malaysia Berhad's MYR350m (US$109m) Islamic Securities Programme (2010/2017). The ratings are premised on Lafarge...
PCA commends Corker-Murphy plan – estimates US$210bn additional for infrastructure investment
Last week, Senator Bob Corker (R-TN) and Senator Chris Murphy (D-CT) announced a plan calling for an increase in federal petrol and diesel taxes to shore up the Highway Trust Fu...
Improving demand outlook for southern India
Cement demand in southern India is expected to witness stronger rates of growth in the current fiscal led by infrastructure projects in Andhra Pradesh, a new report has forecast.
Pakistan FY14-15 Budget set to positively impact on the cement sector
Pakistan’s FY14-15 Budget, announced yesterday by Finance Minister Ishaq Dar, is being regarded as largely positive for the country’s cement industry as it includes a number of ...
Positive outlook for Pakistan producers
The government of Pakistan said yesterday it expects the domestic cement industry to prosper during fiscal FY14-15, led by improvements in local pricing and demand.