Astino to gain from housing revival plans

ASTINO managing director Ng Back Teng

GEORGE TOWN: The Government’s efforts to revive abandoned housing projects are expected to improve Astino Bhd’s performance by a single-digit percentage for the 2015 fiscal year ending in July.

Group managing director Ng Back Teng told StarBiz that the Government’s efforts to revive 74% of the abandoned housing projects in the country, as announced by Prime Minister Datuk Seri Najib Tun Razak last December, would stimulate the demand for roofing products and other building materials.