Fitch Group: Construction industry faces downside risks as political uncertainty persists | Malay Mail

Wednesday, 26 Feb 2020 11:23 AM MYTFitch Solutions maintained its forecast for Malaysia’s construction sector to grow by 3.5 per cent in real terms in 2020. — Bernama pic

“Investors, especially those of foreign origin, will likely put a hold to investment plans and wait out for more clarity on the political situation in the country,” it said in a statement today. While it noted the possibility of reappointment of some of these ministers in the next Cabinet, it believed the infrastructure policy could be altered either for the better or the worse of the construction sector.

It reiterated its downward revision of Malaysia’s short term political risk score from 72.5 to 69.8 with elevated risks to policymaking and policy continuity.

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GLC stocks take heat on possible political realignment at mid-morning | Malay MailKUALA LUMPUR, Feb 24 ― As news on the current political landscape became the talk of the town, shares of government-linked companies (GLCs) have declined sharply since the market opened this morning. As at 11.01am, Maybank led the loss, declining 15 sen to RM8.26, while Tenaga Nasional slid 20...
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