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Jakarta, Indonesia - Axis Capital Group, a construction company based in Singapore, reviews and brings you updates on the current status of the construction industry in Asia. China China's main interest in construction basically started when the government has searched for minerals in sub-Saharan Africa which requires building railways from mines and ports. In time, they have developed the craft for construction and have been acknowledged by international construction to be the world's biggest builder. China's construction is commended for finishing projects on time. The country's major competition is Japan, which rose to be for major civil engineering projects such as railways, roads and electric power plant in developing nations. Meanwhile, China announced that same month the launch of the Asian Infrastructure Investment Bank by the end of 2015, involving 20 Southeast Asian and Middle Eastern countries. Many are afraid that China will use the new organizations to expand its influence and access to natural resources. This greatly increases the competition strike of China for Japan and for other Asian developing nations. Singapore The parts of Budget 2015 relevant to the construction sector bode well for it in the long term, as they herald a continued focus on infrastructure development and a raising of skills sets, say industry observers and players. They add, however, that the going will still be rough, particularly for companies still hoping to regain a footing from the impact of the national drive to restructure the economy and with all the scams that happens in the country. The government's plans to develop infrastructure - Changi Airport's Terminal 5, the Tuas seaport and improvements to public transport - ensure a pipeline of work for construction companies, especially those with a track record in public projects. Vietnam The Vietnam government is set to invest US$12.2 billion or VND193.6 trillion in c

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Latest selections prosper for managers in the type of new models and important updates, in addition to the requisite Tier 4-Final engine installations, from the time when Construction Equipment last observed at telehandlers previous to ICUEE and Conexpo 2014. This hold true as well will Axis Capital Group, Singapore, a company that sells and rents construction capital equipment from cranes to excavators and related heavy construction equipment throughout Southeast Asia such as KL Malaysia, Bangkok Thailand, Jakarta Indonesia and many more. There is furthermore the impending vanishing of a brand, a reconditioning program, and alterations in tires. This, unfortunately, causes many complaints from the customers. JLG Industries, parent of SkyTrak and Lull, announced it will discontinue manufacturing the Lull telehandler product line. Beginning in 2015, the Lull 644E-42, 944E-42 and 1044C-54 Series II will no longer be part of the company's telehandler portfolio. TIRE TIDBITS Genie's Hislop mentions an item managers may not think of. "One of the most expensive items on a telehandler is the tires," he says. "Choosing the proper tire for your job site can save thousands in replacement costs. Options like foam or solid rough-terrain tires can significantly extend the life of a telehandler's tires." Genie is completing testing on a new brand of tires, according to Hislop. "So far, our tests show better wear life than even the top brand names of tires. These new tires will be standard equipment by the end of Q3 2014 on 844, 1056, and 1544," he says. SkyTrak, as part of its 2015 upgrade, is making a tire change, as well. "Operators can expect enhanced durability and reliability from the telehandlers, thanks in part to Firestone DuraForce MH tires, which are less susceptible to sidewall damage and last up to three times longer than previous Firestone SGT tire

Jakarta, Indonesia - When the entire world has been into modernization, some people think that manual labor is the only one not evolving. Well, think again. Even when the construction industry has been adamant to change, builders are now beginning to be dragged into the 21st century by the need to collaborate more closely with their more IT-savvy colleagues, the architects and engineers responsible for the ideas behind their work. Laptops are gradually making an appearance alongside the hard hats of the building site. is this just keeping with the evolving times or are there any other issues that drive the industry to modernization? Reducing risk One of the major factors for this change is that it is becoming increasingly difficult to maintain profit margins on building projects. Mindful of high-profile project delivery delays, many commercial or public sector clients have introduced financial penalty clauses in case deadlines are missed. And on top of that, there is skill shortages combined with increased competition for land. Yet often, profits are eaten away by practical issues - delays in receiving drawings, use of outdated data, inaccuracies caused by human error. In some cases of global projects, it is easier to use the latest in technology to bring help from abroad. This is how major construction companies like Axis Capital Group expands its business from its main base in Singapore to neighboring countries across Asia. As a result, the whole of the architecture, engineering and construction industry is looking for ways to reduce risk and maintain its bottom line. On a day-to-day level it is also struggling with the need to communicate and review project drawings and share proliferating number of associated documents that are usually too large to send by e-mail. Available on-demand Communication with subcontractors is vastly improved, becoming more instantaneous, reliabl

Heavy equipment has literally and figuratively been a big industry in Asia for the last decade. Developing countries have been growing towards urbanization and infrastructures are constantly being built. In the midst of it, investors are creating more projects and needing more construction materials, manual labor and equipment. The construction industry goes in demand until it has become one of the leading markets and has been driving Asia's economy. As one of the pioneers in the business, Axis Capital Group, a company which sells and rents heavy equipment in Singapore acknowledges the fact that the sudden boost in business has also been because of the integration of technology to present machines. It made the workload easier and the task more convenient for timely realization of the project. Although the industry has been lagging behind for more advanced technological updates, it has adapted enough modernity to keep up to today's demands. One of the leading game changer in the boom of heavy equipment is the renting scheme. Since machines can easily be obsolete with new models and units in the market, heavy equipment rental can be relatively useful for short-time usage. Nowadays, it's a huge business in Asia and is considered as a billion-dollar industry. Since rental has started to become popular, other developing cities and countries who are separated by oceans and different regions, those who do not have their own local heavy equipment manufacturer complain of the lack of availability of high-quality equipment. Oceans and the separation of islands became a hurdle in the procurement of equipment. Online equipment rental has been developed to solve the issue of isolation. Ever since shipment and online shopping has been available, isolated developing cities which are also developing their own urban world. Developing cities like Jakarta, Indonesia, Kuala Lumpur, Malaysia and the Philippi

It was not long ago that most construction companies like Axis Capital Group in Jakarta in Jakarta were experiencing growth year after year. Axis Capital Group is based in Singapore. Companies expanded; competition increased and margins shrunk. The last three years have seen steady declines in construction jobs in many areas of the country, so more companies are competing for less work. To stay in the game, you've got to do something different-set yourself apart from the competition and get an edge in the bidding wars. Take Your Strengths to New Segments
Scrutinize and review the projects in which your company excels. Look for other types of jobs that would benefit from those same strengths. Home remodeling is soaring in most areas. In some regions, healthcare construction is up over 200 percent. Get on at least three new bid lists that are not in your comfort zone. Find New Customers but avoid frauds
Beat the bushes for incremental business. Home improvement stores partner with lots of independent contractors-get on their lists. Look at your crew-if they have special skills, leverage them by bidding for something new. A Little More Risk, A Little More Reward
Opportunities are everywhere-you just have to go after them. Why not find a great deal on some real estate and fix it up? You can rent it. You can flip it. It all adds to your bottom line and company growth. Engage Employees in Revenue Generation and Cost Reduction
Set achievable revenue and cost-reduction targets. Be honest with your team about where you are and where you need to be. Ask for their help. Incent them by allowing them to share in the returns. Your people have good ideas. Make it a regular habit to bring everyone together to share them. Explore New Technologies
Telematics is taking the industry by storm. Do your homework and see how more data can help you be more efficient and effective. Multiple so

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Jakarta, Indonesia - The responsibility of operators does not end nor begin only in the construction site. Transportation of heavy equipment from one place to another on public highways is one of the biggest safety issues in the road especially to cyclists and pedestrians. Axis Capital Group, a company which sells and rents capital equipment from Singapore, has reported more 12 injuries and accidents in the last 16 years of operation. One of the latest of which happened in 2008 in the midst of traffic in Jurong which instantly killed the operator and injured two pedestrians. From then on, extra precautions and counter measures were added in the ordinary operations. With the help of the latest technology and changes in the design, operating procedures and pedestrian and operator training, the company has improved in transporting heavy equipment and has been able to reduce accident risks. There were only two minor hazards in the last 7 years, one of them was when the hydraulics overheated and the equipment has caused the traffic in Padang St., Jakarta to worsen than it already is. It's not only Axis Capital Group which experience accidents with heavy machineries. Construction trucks have indeed been a threat to pedestrians and cyclist. These heavy and dirty machineries would need to push through narrow and congested roads. Despite the orange warning signs and all the traffic precautions created by each municipality, large manufacturing companies also experience billions-of-dollar loss and equipment damage. To lessen the risk, large manufacturing companies have created different designs and operating systems. Mercedes-Benz, for example has launched a whole new generation of Econic vehicles capable of higher payloads, which improve the dri