Work is picking up so fast in the construction sector that the industry will see activity levels close to those it enjoyed before the pandemic shut down building sites across the island.
The Building and Construction Authority (BCA) estimated yesterday that contracts worth between $27 billion and $32 billion will likely be awarded this year. That is around the same level recorded in 2019.
It added that projected demand from 2023 to 2026 will be worth between $25 billion and $32 billion a year.
The rebound theme was underlined by Minister of State for National Development Tan Kiat How, who told a BCA seminar yesterday that a steady level of construction demand and the backlog of work affected by the pandemic since 2020 were driving growth in the sector.
He also noted at the event at the BCA Braddell Campus that manpower issues were being resolved, saying: “The inflow of foreign workers has steadily improved.
Diese Geschichte stammt aus der January 27, 2022-Ausgabe von The Straits Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der January 27, 2022-Ausgabe von The Straits Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
SIXERS KEEP HOPES ALIVE
Maxey hits 46pts against Knicks, says they didn’t give up as season on the line
QUEIROZ'S SIX GRAND FOR THREE ACE RIDES
Jockey trades one-day ban for 6k fine and May I8 ticket to ride, but not in Kranji Mile
For SMEs, going green Is critical but they face multiple challenges
DBS and SBF want to change mindsets and guide firms’ sustainability journeys
Yen intervention shows Asia is losing patience with the mighty US dollar
Indonesia and Taiwan also recently took steps to shore up their currencies
Are tax cuts and government spending fuelling US inflation?
Debate could impact how Fed sets policy in months ahead, and shape decisions by the next president
Wish comes true for author who wanted to meet family of S'porean WWII hero
Daredevil pilot with British air force was inspiration behind a character in her book
There's a place for 'magic' too in this clean and efficient city
Creating and sustaining a sense of spontaneity, magic among urban issues explored in a new book
Limited training options for people with disabilities
Groups say more can be done to make course materials accessible, remove physical barriers
Trump open to detention camps for illegal migrants
WASHINGTON - Republican presidential candidate Donald Trump does not rule out building detention camps on US soil for migrants who are in the country illegally if he wins a second White House term, he told Time magazine in an interview published on April 30.
EU probes Meta platforms amid disinformation fears
Concerns that Facebook, Instagram failing to counter fake news ahead of bloc’s polls
