Published on: Saturday, May 22, 2021
By: Bernama
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Construction workers walk across a platform at a building site in Kuala Lumpur. (Image: Malay Mail)
Kuala Lumpur: AmInvestment Bank remains cautious on the local construction sector’s outlook, given the elevated national debt which has been further weighed down by the economic impact of the Covid-19 pandemic.
The recent news on the MRT3 potentially commencing work in the second half of the year aside, the fact remains that the government will have very limited room for fiscal manoeuvre due to the massive relief spending to cushion the economic impact of the pandemic, it said in a research note Friday.