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To cope with the higher costs, some firms are negotiating with suppliers while investing in measures such as battery storage systems and electric machinery to reduce diesel consumption on worksites.
While Mr Peng believes the conflict will eventually end, he said inflation means material prices are unlikely to return to pre-war levels.
For now, the impact on ongoing projects appears limited.
The 19 gold haul is more than triple that of the next closest nation, Vietnam, which won six. At the same time, this is the…
SINGAPORE: A father who reported himself to the police for using excessive force in child discipline was sentenced to 15 months’ jail on Friday (Jan…
SINGAPORE: Some construction firms are absorbing higher material costs to keep projects on schedule, as prices surge amid the ongoing war on Iran, said the…
Because these clickers were highly customised from 400 different keycaps, Ang finds them hard to sell online, and only offers them exclusively at her pop-ups….
SECTORS Services inflation in October rose to 1.8 per cent in October from 0.3 per cent the month before. This was due to a faster…