MBAM had hoped for lower import duties on machinery and IBS incentives in Budget 2018

PETALING JAYA (Oct 27): Master Builders Association Malaysia (MBAM) was hoping for lower import duties for heavy construction machinery and more incentives in Budget 2018 to be disbursed to industry players who use Industrialised Building System (IBS) and Building Information Modelling (BIM), such as equipment tax reduction and tax incentives, it said in a post-budget statement today.

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Budget 2018 highlights

Here are the Budget 2018 highlights for infrastructure, housing and construction: Infrastructure: The MRT 3 or Circle Line's completion to be brought forward to 2025 — previous estimated completion was 2027.

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