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1H20 a subdued period for construction sector amid political uncertainties

CGS-CIMB analyst Sharizan Rosely said channel checks by the research house revealed more concerns than optimism surrounding the projects previously outlined, including the Johor-Singapore Rapid Transit System (RTS), new tenders for the East Coast Rail Link (ECRL), awards for the Light Rail Transit (LRT), the highway scopes of the Penang Transport Master Plan (PTMP) and the KL-Singapore High Speed Rail (HSR).

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Another OPR cut likely, say economists

“BNM and the authorities have to consider how much room there is to manoeuvre given that the COVID-19 situation continues to evolve and the effects could potentially be more severe as the virus spreads to more countries.”

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