Published on: Friday, May 07, 2021
By: Bernama
Kuala Lumpur: AmInvestment Bank Bhd remained cautious on the outlook of the local construction sector.
In a research note Thursday, the investment bank said the recent news on the Mass Rapid Transit Line 3 (MRT3) potentially commencing work in the second half of the year aside, the fact remained that the government would have very limited room for fiscal manoeuvre given the elevated national debt.
It added that the government’s fiscal stand was further weighed down by the economic impact of the Covid-19 pandemic, including reduced tax and petroleum revenues as well as the massive relief spending to cushion the economic impact of the pandemic.