Malaysian building materials to cost more by end-2019

Singapore

BUILDERS, take note: Cement is expected to cost more in Malaysia by year-end, and the global softness in steel prices may not be felt by buyers either, according to research by UOB Kay Hian. That's as demand for building materials bounces back on industry growth.

The construction industry is expected to pick up this quarter on infrastructure projects such as the East Coast Rail Link, brokerage analyst Abdul Hadi Manaf noted. "As such, we believe that demand for cement and steel should also…