Market Review - Kuala Lumpur
Malaysia Market Report:
Railways to recovery offer hope in mixed outlook
With the Malaysian government committed to rolling out a massive rail infrastructure programme, there is a promise that the trains will bring new business to Kuala Lumpur and the Klang Valley There are signs of life in Malaysia’s construction sector – if your business is infrastructure. That’s the good news after a poor calendar year in 2018 that saw a more than 50 percent decline in the Bursa Malaysia Construction Index of stock market-listed builders. The less positive news? Private sector investment, and residential and commercial work are flat or in retreat. Text: Michael Hoare
In its most recent analysis of the construction sector released last month (EDS: AUGUST), the Department of Statistics in Putrajaya said the value of work completed in the second quarter grew in yearon-year terms to RM35.9 billion (US$8.50 billion), up by 0.8 percent compared to the second quarter of 2108.
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