IF you are an investor in the Malaysian stock market or have been following the latest business news, you would notice that the KLSE Composite Index peaked at 1,895 points last year and now it is below 1,700. You would also note that among all the Bursa Malaysia indices, construction has fallen the most, from 325 points 52 weeks ago to 160 now. That’s more than a 50% drop!
The fall is due to various prevailing external and internal factors. However, you do not need to be an avid investor to notice the conspicuous slowing down of construction activities in our country post-GE 14 (14th General Election). A slowdown in property and social infrastructure development will eventually lead to reduction in foreign investment, and the cascading effects will be felt by the manufacturing, logistics, and financial sectors.
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