Asia & Pacific Rim - 01 September 2014

Semen Indonesia is still in talks with an unnamed cement producer in Myanmar and continues its bid to expand in Southeast Asia.

Malaysia’s YTL Corporation Berhad achieved a 40.4% y/y rise in profit for the 12 months ending 30 June 2014.

Despite a 1.2% fall in construction work done in the June quarter, Master Builders Australia is confident that prospects for the country’s building industry will remain positive.

New data from India’s Ministry of Statistics revealed GDP growth of 5.7% and a 4.8% increase in construction activity for the April-June quarter.

According to local press, a groundbreaking ceremony for Zeth Cement’s new cement plant in Chui province, Kyrgyzstan, took place on Friday.