The construction sector is expected to under-perform if the fourth quarter growth does not improve substantially, the Master Builders Association Malaysia (MBAM) said today.
This is in view of the fact that the sector grew only by 3.8 per cent and 0.6 per cent in the first two quarters, it said.
Bank Negara announced recently that the construction sector only managed a three per cent growth in the third quarter of this year.
The association urged the government to immediately speed up the award of new projects particularly projects with high impact on the economy as the construction industry has a multiplying impact on over 140 other industries.
For projects involving foreign direct investments and domestic investors, the timely issuance of construction permits would further improve investors' confidence, it said in a statement today. - Bernama
This is in view of the fact that the sector grew only by 3.8 per cent and 0.6 per cent in the first two quarters, it said.
Bank Negara announced recently that the construction sector only managed a three per cent growth in the third quarter of this year.
The association urged the government to immediately speed up the award of new projects particularly projects with high impact on the economy as the construction industry has a multiplying impact on over 140 other industries.
For projects involving foreign direct investments and domestic investors, the timely issuance of construction permits would further improve investors' confidence, it said in a statement today. - Bernama
