The cutback in public infrastructure spending, coupled with the sustained weakness in the property sector, will have a direct knock-on effect on the demand and hence prices for steel and cement.
PETALING JAYA: The government will lower the extension levy fees for foreign workers who have worked in the country for more than 10 years starting from March.
Finance Minister Lim Guan Eng said the Cabinet made this decision during a meeting on Feb 20 to lessen the burden of employers.
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