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Construction to gain from 2015 rise in development spending

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Published Mon, Oct 13, 2014 · 09:50 PM

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    Kuala Lumpur

    MALAYSIA's contractors are expected to be the key beneficiaries of an additional 20 per cent in development expenditure next year, the budgeted RM50.5 billion (S$19.7 billion) earmarked for the implementation of key infrastructure projects including the extension of two main rail networks in the Klang Valley.

    Given the extra funding would help boost consumption growth - private consumption is expected to moderate amid rising prices - Affin Investment Bank said it was the right move.

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