Budget to have ‘neutral’ impact on construction

"Continued news flow about contracts related to the projects announced in Budget 2024 will keep investors excited,” said Wong of Areca Capital.

PETALING JAYA: Budget 2024 lacks catalysts for the construction sector, according to analysts, as the fiscal deficit-minded government refrained from announcing any new mega infrastructure project.

The budget’s silence on the third line of the Mass Rapid Transit 3 (MRT3) and the Kuala Lumpur–Singapore High Speed Rail was also disappointing, as the market had been awaiting details on project implementation and contract flows.