“The current situation, in our opinion, does not bode well for short-term growth prospects of the overall construction industry, as once again, investors, especially those of foreign origin, will likely put a hold to investments plans and wait out for more clarity on the political situation in the country, ” Fitch said. The fate of suspended infrastructure projects, such as the Kuala Lumpur-Singapore High Speed Rail (HSR) project and the MRT 3 Circle Line project, continue to hang in the balance.
PETALING JAYA: Malaysia’s current political crisis has thrown a spanner in the works for the country’s construction sector, which is slated for the rollout of several mega projects in the coming months.
The unexpected resignation of Prime Minister Tun Dr Mahathir Mohamad, which led to the Cabinet being dissolved, has resulted in the departure of key policymakers including the Transport Minister as well as Finance Minister.
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