Political tension builds, construction flounders

Crest Builder Holdings Bhd managing director Eric Yong (pic) said what the construction players were looking at was the speed at which mega projects can be rolled out and how fast they can actually commence work in order to get the economy running. Yong also highlighted that a lot of private tenders had been deferred as developers are being very cautious.

PETALING JAYA: The last thing any construction company wants to hear is a shift of the powers-that-be, especially after it has happened twice in just three years.

And when there was an inkling of a third change happening, the market reacted, drowning most construction counters in a sea of red.