10
B
B
R
H
O
L
DINGS (S) LTD
ANNUAL REPORT 2015
CHAIRMAN’S
MESSAGE
The industry outlook in Singapore
remains challenging in the next 12
months with increasing competition
and manpower shortages. The
Group will continue to focus on
its core business by leveraging
its strong track record in building
construction and civil engineering
to secure more projects as well
as enhancing cost effectiveness
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management of on-going projects.
BBR will also continue to conduct
feasibility studies to undertake new
property development projects.
Our ongoing projects in Malaysia are
progressing well and current order
book is healthy. However, the local
government has been reviewing
future expenditures on infrastructure,
and the spending budget is expected
to decrease, in line with a slowdown
in global economy, as well as sharp
falls in state revenue as a result of
depressed oil prices. Likewise, the
construction industry outlook in
Malaysia is expected to encounter
challenging times.
A
N
O
TE
OF APPRECIATION
On behalf of the Board, I would like
to express my deepest appreciation
to all stakeholders who have been
instrumental in BBR’s success over
the past years – customers, business
associates, management team, staff
and shareholders.
Geared up for sustainable
growth, BBR is ready for the new
opportunities and challenges which
the future holds. We will grow from
strength to strength in building our
market leadership in the construction
industry to meet the urbanisation
needs of Singapore and beyond.
P
r
o
f
.
Y
ong Kwet Yew
Independent Director
Non-Executive Chairman
/DNH /LIH ([HFXWLYH &RQGRPLQLXP
Singapore University Of Technology And Design
