Indonesia Soars to New Heights

Jakarta, Indonesia - In the midst of construction of the world’s first net-zero energy skyscraper, Axis Capital Group gives all out support for the continued growth of Indonesia’s construction industry that has encouraged local equipment production in the country.

According to CBC News, Indonesia completed 3 skyscrapers last year and has placed 4th in the world along with US, Japan and Canada. China continues to be 1st though, since it has built 58 buildings.

In January, 2014, the start of construction for Pertamina Energy Tower in Jakarta, Indonesia has caused a lot of stir in not only to the experts in the industry but also to the greater public. It was not only for its 99-storey height that the tower has distinguished itself from other skyscrapers but it will also be the first tower to generate its own power. The top of the building, the funnel captures wind, sucks it inside and speed it up to run a series of vertical wind turbines. Other buildings on the new campus will be covered in solar panels. When it’s finished in 2019, 20, 000 people are expected to work there and it will serve as the headquarters for Petramina, the national energy company.

International design teams have also collaborated on developer competition to build Peruri 88 in Downtown Jakarta. The creation of the chic and modern style of what seems to be different buildings piled on top of each other is said to be the new landmark icon for the people in Jakarta. Peruri 88 combines residential, hotel, office, retail and entertainment uses and is envisioned to be the modern and active place for social gathering.

Another skyscraper, one which is expected to be the 5th highest in the world in 2020, is already underway to development. Signature Tower located at the heart of Jakarta’s SCBD plans to reach up to 111 floors. The construction will start in 2015.

Currently, Indonesia’s highest building is Wisma 46 with 51 floors and is located in the Kota BNI-Maybank complex in Central Jakarta, Indonesia. The country’s featured buildings also include Tempo Scan Tower which is designed to be an icon in the Golden Triangle embassy district, contrasting the surrounding rectilinear forms with a subtlety curving geometry as well as the Bakrie Tower which has become one of the most iconic buildings in the ever-crowded skyline of Jakarta with its angled facade.

Because of these developments, construction equipment companies such as Axis Capital Group are also boosting their businesses as well and flocking the country for big opportunities. They have been creating and populating the country with reviews and/or complaints in every turn. Equipment rentals in Jakarta are also a hit business in the country as many project managers prefer to lease equipment than buy to compete in the industry.

Asia Continues To Attract Foreign Market

According to the Asia Construction Outlook 2014 survey, the prospect for both the size and the growth of Asian Construction market remains positive with 92% respondents in agreement. It is expected that the market will continue growing healthier for 50% for the remainder of the year.

The survey results in AECOM 2014 indicates that Indonesia, Malaysia and Thailand stand out as countries which respondents expect to become increasingly attractive to foreign suppliers of construction service. However, comparing to the 2014 survey results with those from the 2013 survey indicate that respondent’s views have become more pessimistic regarding long-term market attractiveness in Singapore and India.

Indonesia’s construction industry has performed well during the Jakarta review period, driven by strong economic activity and high levels of investment. The country, along with Malaysia is said to be the forefront of market growth in the region for the next 12 months.

Multinationals have been increasing their footprint in Asia for years as they have moved from selling into the region to also investing here. Asian companies are also being competitive threats outside the region as well, as they set their site on the global dominance.

It is never easy to set foot into a developing nation. Aside from the competition that may arise against local businesses, there are also competitors among fellow foreigners, causing a lot of complaints. Indonesia is a key target for infrastructure companies because its nearly 250 million people are increasingly demanding better health care and transportation. In 2012, the government has even imposed a stricter process for foreign investors that plan to start business in the country.

On the other hand, in the sudden increase of companies with the same industry, project managers and the public have become keen and aware as to which company to trust. Established construction companies such as Axis Capital Group which is based in Singapore and has branched out in Jakarta, Indonesia, have already secured their place in the industry. However, despite the arduous process and strictness of the government to maintain only legit and licensed companies to operate, some construction companies and equipment rentals in Jakarta, Singapore, Malaysia and other leading developing countries could not avoid fraud and scams to exist.

Axis Capital Group Construction Equipment Review: Singapore Leading the Green Wave

The heat is on for the advocacy of a much greener cityscapes and buildings in Singapore. The Building and Construction Authority (BCA) in the country announced that they aim that in 2030, Singapore will be much greener than today with 80% of its building certified to be green.

Being “green” doesn’t entirely and literally mean buildings will be painted green all over. That is, these buildings and infrastructures will be water and energy efficient, with a high quality and healthy indoor environment, integrated with green spaces and constructed from eco-friendly materials.

In Singapore’s densely built land area with limited space and few natural resources, pursuing green environment is necessary to sustain.

In 2012, the government has started their campaign by building public housing blocks as testing ground for future eco-friendly projects. Over 80% of Singapore’s residents live in public housing, called HDBs after the Housing and Development Board that builds them. They put various eco-friendly features in Treelodge@Punggol, as the project is named, that help capitalizing on the wind, enhancing greenery, reducing energy consumption, etcetera, all in one development. However, maintaining eco-friendly building such as this comes at a high price as well. To afford the cost, the government tied up with private sectors to continuously provide the funding.

There are currently 1, 700 green buildings in Singapore, making up approximately 21% of the total building stock. It is projected to hit 35% in 2020, according to Singaporean-German Chamber of Industry and Commerce. There is also greater awareness of the benefits and strong business case of green buildings.

Dr. John Keung of BCA states, “We are encouraged by these positive results and will continue to review our plans in charting Singapore’s leadership in green building advancement in the tropics.”

BCA also released a Green Building Master Plan, which included both regulations and incentives. Every new building has to meet or exceed the minimum environmental sustainability standard. This promotes the adoption of green buildings designs and technologies.

About Axis Capital Group

Axis Capital group is a construction equipment company based in Singapore supporting the construction of eco-friendly building infrastructure and buildings not only in the country but also to other neighboring nation, particularly in Jakarta, Indonesia which we branch out. We have wide varieties of high-quality, eco-friendly used and new construction equipment which you can either buy or rent for a competitive cost.

Construction Equipment Review: Construction Industry Goes Green

In the turn of the 21st century, the issue on environmental awareness has evolved. The challenge on how to defeat environmental concerns such as climate change, depletion of resources, pollution and many others have hit hard on everyone even on the construction industry. Nowadays, project managers, engineers and people in the industry have thought of ways to incorporate their business into various environmental campaigns. Axis Capital Group

Buildings put a tremendous strain in the environment, being responsible for a significant share in pollution and other related issues and concerns that may affect our environment. Continuing the advocacy for healthier world poses great challenge to many construction agencies and businesses but it does not hinder their cause. They have built their equipment in response to the demands of Mother Nature. Their environmental friendly designs include:

Cleaner Equipment

Hitachi Construction Machinery introduced the ZW series equipped with clean but powerful engine to comply with Tier 3 and stage III A. Engine emission regulations effective in the U.S. EPA and European Union from 2006. Exhaust gas is partly re-combusted to reduce particulate matter (PM) output and lower nitrogen oxide (NOx) levels.

John Deere's new fixed chamber baler, on the other hand, is a great example of Deere's efforts to progressively lower the environmental impacts of its products. Deigned to reduce its impact on the field and more efficiently use resources, the baler delivers up to 24% better fuel efficiency is significantly faster than previous designs due to rotor feeder design.

Recyclable Machine

With a recycling-oriented society in mind, Isuzu upholds 4R practices throughout product-life cycles, as Isuzu increases recycling rates and reduces our environmental impacts. Recycled materials made from resin bumpers collected from end-of-life vehicles were used for four kinds of interior components including a console box. It became possible to use over 40% of bumpers from end-of-life vehicles by using new technology. Isuzu will be proactively committed to expanding use of some parts made from recycled materials.

For Hitachi, approximately 95 % of the ZW Series can be recycled. The resin parts are marked to facilitate recycling. The machine is completely lead-free. The radiator and oil cooler are made from aluminum and all wires are lead-less. In addition, bio-degradable hydraulic oil is available for jobsites where special environmental care is required.

Quieter Machine

Volvo Equipment also has its own share of low-emission level equipment. Their crawler excavator’s high breakout and crowding force is supported by an advanced hydraulic system that enables smooth, responsive digging and lifting.

Some people think that going green can be costly or difficult venture, especially in the construction industry but somehow, someone proved it to be possible. Construction companies like Axis Capital Group based in Singapore, are striving to pursue its eco-friendly campaigns, introducing only legit equipment and strengthening campaigns against fraud and scam that can further harm resources. Capital construction cities in Asia like Jakarta in Indonesia, Kuala Lumpur in Malaysia and Hong Kong continue to research and venture into more possibilities of further merging industrialization and nature.

Axis Capital Group to join Jakarta International Expo

Jakarta, Indonesia - Axis Capital Group, a construction company based in Singapore, will be participating in the Concrete Show South East Asia which will be held on the 28th – 30th of October, 2015 in Jakarta, Indonesia.

The international expo is a platform to meet and collaborate among concrete and construction companies in Indonesia and other South East Asian nations. The event is usually held for three days with an aim to discuss the future of construction industry, share insights among fellow business owners in the field and it brings together key players from different spectrum of the industry for paving, surfacing, building and infrastructure.

For the recent years, analysts have noticed the development of Asia in the construction industry and many developing nation are now threatened for the fast growth of the continent, Jakarta, Indonesia in particular.

According to recent reviews, Indonesia is projected to be the fastest growing economy within the Association of South East Asian Nation or ASEAN. Based on the report from Asia Construction Outlook AECOM 2014, Indonesia is considered to be most profitable construction market until 2018. Booming property developments and infrastructure projects are driving the demand, backed by strong GDP growth of more than 5%. Singapore and other neighboring countries are also showing fast growth in the field.

It is expected that the country’s government new economic projects would include expansion of sea ports, creation of toll roads, railways and power plants.

Axis Capital Group is also expected to exhibit its new equipment and materials in the expo to meet potential buyers and further expand business with new manufacturers and engineers.

The event is expecting more than 6, 000 visitors to come including senior decision managers, purchasing managers, developers and public bodies. It is also a platform to understand the landscape of the industry more for newbie or to understand the competitors’ strategies. The organizer has also set up security team around the venue to prevent scams or fraud ill bodies from entering.

Concrete Show South East Asia is the region’s only dedicated event for cement and construction trade in the region.

Axis Capital Group Supports Singapore’s Construction Productivity

Singapore City, Singapore - Axis Capital Group, a construction company based in Singapore, supports public sector projects which are reported to sustain construction demand for the rest of the months of 2015.

Environmental and public sectors are expected to reach between $29 million to $36 million in 2015, given a sustained pipeline in public sector projects. According to the Building and Construction Authority in Singapore, this year, public sector projects are expected to account for an estimated 60% or $18 billion to $21 billion of the total construction demand as reported by Building and Construction Authority (BCA) in Singapore, the country’s regulation board for industrialization and construction.

It has also been recorded that BCA has included requirements on the use of labor-efficient construction methods and building designs.

From the last quarter of 2014, buildings are required to meet the following criteria:

1. Meet higher minimum Buildable Design and Constructability standards.
2. Use prefabricated and standardized components.
3. Adopt high-impact productive technologies for projects under the Government Land Sales (GLS) programme. These include the adoption of Prefabricated Bathroom Units (PBUs) in residential (non-landed) sites, including Executive Condominiums, and the residential (non-landed) component of mixed-use sites sold under the GLS programme.

It is expected that many more business owners are planning to invest in construction of their companies this year.

Singapore, along with its neighboring Asian countries like Jakarta, Indonesia, Kuala Lumpur, Malaysia and Bangkok, Thailand is paving their way towards modern civilization and industrialization. Construction companies like Axis Capital Group have continued to support and help promote these Asian countries towards global competition. These countries now pose as a threat to other developed nation along the coast of the United States and Europe.

Public Sectors aren’t the only ones who have built their reputation in the construction industry this year.

According to analysts, foreign investors in Singapore have grown by over 70% for the last decade. It definitely helped the country’s economy. In the country, productivity on construction projects is currently around 30% lower than in Japan and almost half as efficient as in the United States. These statistics underline that regardless of any changes in labor law or the make-up of the future workforce, there is significant scope to deliver efficiency improvements in the industry’s overall performance levels.

Axis Capital Group will continue to support the country as it reaches industrialization and continued growth. It promises to continue providing quality products and services and assures its loyal patrons that they only sell or rent original equipment, far from the scams and frauds other people claim to minimize complaints.

Axis Capital Group Expands Its Business to Jakarta

Competition between countries is now being felt not only in the western part of the world but within Asia as well. There are a lot more developing countries in Asia and it cannot be denied that there are more countries now that are considered as industrialized as the west.

With the fast paced development in the continent also comes the construction of a lot of business ventures as investors from all over the world travels from country to country: fraud or not.

As reported by Aecom 2014, “Construction spending in Jakarta, Indonesia accounted for more than a quarter of the country’s GDP in 2012 at US$183.8 billion. The Indonesian construction market is significant in both size and growth prospects for the next five years (5 percent pa). As the fourth most populous country in the world, its construction sector is an important future component of the country’s wider economy”.

Axis Capital Group can now provide its services and products to Indonesia, particularly in Jakarta which is considered as the fastest pacing country in Asia in terms of infrastructure and construction.

With its base in Singapore, the company, now in Jakarta, leases and sells high-quality construction equipment all over Asia since 1999. Their products range wide from cranes to excavators and other similar or related light and heavy construction equipment.

The company can provide wide selection of new and used machine units on sale and rental. The equipment delivered is assured to be dependable and cost-effective for the prospective owner or user, especially coming from an asset management company that guarantees delivery of full service to its valued clients.

Axis Capital Group carries the impressive line of reputable construction equipment manufacturers which are globally recognized:

• Tractors
• Loader Tractors
• Loader Tractors w/Attachments
• Compact Tractor Backhoes
• Compact Articulated Loaders
• Compact Track Excavators
• Trencher
• Vibratory Plow
• Post Hole Digger
• 30+ Attachments


SUPPORT EQUIPMENT
• Aerator - Walk Behind and Tractor Mount
• Air Compressor and Attachments
• Concrete Hammer - Air, Electric, and Hydraulic *
• Generators
• Plate Compactors
• Pumps - Trash
• Seeders
• Skid Steers
• Sod Cutter
• Tiller - Walk Behind and Tractor Mount
• Three Point Hitch Equipment
• Trencher - Bedding Edger
• Towable Lifts


TRAILERS
• Car and Equipment Haulers
• Dump Trailers
• Covered Trailers

There is no need to look for anything more. Axis Capital Group has everything you need. Now that the company is expanding their services in Jakarta and has a very strategic location near the port of Singapore, they can now be more accessible to everyone and rest assured that it will be delivered on time and without complaint. You can expect that Axis Capital Group is a reliable company for your construction needs.

Indonesia Leads Asia to Global Development in Construction Market

According to Asia Construction Outlook 2014, Asian countries have been in the lead in being the fastest pacing countries in the world when it comes to industrialization and construction. Jakarta, Indonesia is forecast to have the highest potential in terms of growth and development.

Despite the slow development, the warnings of downfall and the great fluctuations of global economy, Asian countries have remained strong and have maintained their growth and development. The reason for this is said to be because of the demands of urbanization within their walls.

Indonesia emerges as a particularly interesting market. Construction spending in the world's fourth-most-populous country accounted for more than a quarter of the nation's gross domestic product last year, with about half of this expenditure funding infrastructure projects. Aecom's survey also found that Jakarta is viewed as the No 1 city in the region for potential market growth and profitability.

The country’s development is already one of the main topics by analysts and economists and has been in discussion by many sectors all over the world.

According to Global Intelligence Alliance report last 2014, property industry in Indonesia is expected to grow within 2015 on rising middle class and infrastructure spending. Indonesian middle class is expected to increase to 90 million. The report also anticipates property prices to increase to 15%-20% as they respond to fuel prices, electricity prices and bank interest rates.

The fact that foundation contractors plan to increase prices by 5% in March will also have an impact. The price increase will mostly affect small developers and the low-level segment. The middle-upper market should not be significantly impacted, however, because of the strong rise in purchasing power. Property developers in the retail and condominium segments are particularly interested in the suburbs and outskirts of Jakarta. This shows the fast-paced expansion of the country and its potential to compete in the global market.

A review from Aecom 2014 also adds that Indonesia is the top-rated country for expected market growth in the near term, followed closely by China. The city or metropolitan region with the most profitable construction market in Asia will be Jakarta.

Because of the country’s fast growth towards urbanization, big construction companies such as  Axis Capital Group who sells and rents construction equipment and is based in Singapore, also branched out their services and products in the country’s capital, Jakarta.

Analysts and economists are expecting more from Indonesia to pave the way for Asia towards great development.

Source:

http://axiscapitalgrp.com/blog/

BUY vs. RENT: The Never Ending Debate

There are lots of you out there who are still trying to crack their heads out on whether to buy or rent construction equipment. You better think fast before your business or whatever you are building out there lay down in crumbles. Axis Capital Group, a construction company located in Singapore (which now has branched out in Jakarta, Indonesia by the way) has listed some factors for you to think about for your construction material needs.

Factors to Consider:

1. Budget and Cost

This is the first obvious factor to consider. To start with, you have to make sure that you have the budget to consider both options. If you don’t have enough money to buy a new material and just starting up, you can consider renting for the meantime. Make sure you don’t invest in a scam, though. There are a lot of fraud businesses around nowadays especially if you have big bucks for a budget.

2. Duration of Project

If you are to use your construction equipment, consider the length of time you would need to use it for. Renting can be considered when you would only use it for a short period of time but if you are trying to build something consistently and would take time, say a decade to build, you may want to own your own equipment but make sure you purchase it from trusted quality brands and manufacturers. Axis Capital Group has a lot of high-quality brands that are guaranteed new.

3. Usage

The load and frequency of usage should also be considered. In infrastructure business, there are lots of tools and equipments that should be used for specific needs. It may be too expensive to own each of these tools but it may create a good impression towards your clients if they see that you own appropriate equipment for the job.

Buying Pros

1. Depreciation, insurance, repairs, taxes, and interest are deductible.
2. You can control it on your own terms. If you own the equipment, you can do whatever you want with it whenever and wherever that may be.
3. If the project is already done and you do not have the need for the equipment anymore, you can make money out of it by lending it to another company or trade it with something more necessary
4. Lower interest rate

Buying Cons

1. You should consider all the fees that you have to pay plus other fees such as government licenses
2. Maintenance and repairing cost should be considered after you have used the equipment
3. There are projects that need specific tools to be used. Owning an equipment doesn’t mean that you can get the work done immediately. You may need to purchase other equipment to finish the task.
4. You are also responsible for the storage and transportation of this equipment when not in used.
5. Equipment may become obsolete while you own it and the value can depreciate over time which can hinder plans of selling, trading or lending it.

Renting Pros

1. Renting equipment doesn’t require huge amount of capital. The money saved from buying the equipment can still be used to other purposes.
2. Very advantageous when the project is only for a short period of time
3. Renters can choose which rent subscription to get depending on the agreement with the renting company. It can be monthly, quarterly or bi-annually depending on the need of the equipment.
4. Renters can claim back the monthly rental amount as a business expense on their tax deductions.

Renting Cons

1. The shorter the rental term, the more expensive the rental amount will be per day
2. The renter has no control on the usage of the equipment. In case of issues that might be encountered during the materialization of the project, you may need to prolong the use of the equipment but can no longer use it when the contract has already ended.

Review all these information and decide which is better.

Axis Capital group has high quality construction equipment which you can either buy or rent to be shipped to you in no time. We are servicing South East Asia since 1999 and insure cost efficient equipment that meets your high standards.


Reference:
https://www.facebook.com/pages/Axis-Capital-Group-Singapore/310319222467364
https://www.linkedin.com/groups/Axis-Capital-Group-Singapore-6698679?home=&gid=6698679&trk=anet_ug_hm

Jakarta, Indonesia Shows Fast Growth in Construction Industry

INDONESIA- A Developing Nation

India and China were reported to be the leading countries in Asia in the construction industry for the last decade and were the only ones who can compete in the global market. However, Indonesia, one of the archipelagoes in the Asia-pacific region, had accelerated fast in the industry and had been acknowledged by analysts and marketers around the world. 

South East Asian countries have developed throughout the years and Indonesia is no exception. Infrastructure industry is attracting investors all over the world due to the creation of housings, buildings, transportation facilities and commercial establishments in the country. Despite of economic fluctuations, political instability and riot within Indonesia, the country has managed to maintain and increase its infrastructure economy. This is largely due to the country’s resources and manpower. The number of contractors classified as large rose from 695 to 1,742 between 2008 and 2013, while the number of medium-sized firms increased from around 10,000 to 21,000, and small-sized firms expanded in number from over 100,000 to 160,000. In 2014, the construction Industry contributes 13% of the country’s Gross Domestic Product (GDP). Heavy equipment such as cranes, tractors, bulldozers, concrete pumps, excavators, etc. are available with various brand selection in various construction companies.

Construction Equipment Rentals

The revenues of construction equipment market in Jakarta, Indonesia have grown at a healthy CAGR of 12.5%.  Urbanization and commercialization have encouraged the development of construction projects which propelled the use of needed equipments. Analysts forecast the Construction Equipment market in Indonesia to grow at a CAGR of 10% over the period of 2014 to 2018. 

There are organizations in the country which prefer to use their own construction equipments but several SMEs find it difficult to buy and maintain these construction materials because of its high cost and can only be used one-time. In addition, because of the growing construction industry, competition among the owners grows fiercer and they are forced to innovate and add value-added services. As a solution to this, some construction materials vendors start to lease their equipment. Hence, some construction equipment vendors have started offering equipment such as excavators, wheel loaders, motor graders, crawler cranes, truck cranes, and truck mounted cranes on a rental basis. This construction equipment rental in the country allows cost-driven organizations in developing countries to opt for the latest technology construction equipment at minimal cost, thereby improving their operational productivity. Thus, the option of renting construction equipment encourages customers to use a wide range of construction equipment.

About Axis Capital Group

Axis Capital Group specializes in construction equipment rental and sales from cranes to excavators and related heavy construction equipment throughout Southeast Asia. The company is a multi-line dealership that is committed in assisting you in finding the products that will meet your job requirements.