Negative sentiments to continue to bog down construction sector, says CIMB Research

KUALA LUMPUR (May 23): The negative sentiments surrounding the impending review of billion ringgit worth of mega-infrastructure projects, some of which are at risk of being scrapped, is expected to bog down the construction sector during the first 100 days of the new Pakatan Harapan-led government’s reform agenda, according to CIMB Investment Bank Bhd Research.

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‘Business as usual for ECRL’

KUALA LUMPUR (May 17): While the Council of Eminent Persons, set up under the new Pakatan Harapan (PH) government, met heads of infrastructure projects yesterday, it is “business as usual” for the East Coast Rail Link (ECRL) project, a project spokesman told reporters.

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Review of megaprojects may be 'blessing in disguise'

KUALA LUMPUR (May 14): While markets are nervous that the new ruling coalition Pakatan Harapan’s pledge to review megaprojects may negatively impact the construction sector, some see the plan as a chance for greater inclusion of local players.

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Tax relief granted to mega public projects since 1980s

KUALA LUMPUR (April 20): Various tax reliefs have been commonly accorded to mega public infrastructure developments as a government incentive since the 1980s, the Royal Malaysian Customs Department asserted yesterday, following the brouhaha over the granting of goods and services tax (GST) relief for the procurement of materials and services related to the RM55 billion East Coast Rail Link (ECRL) project.

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