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

📆 2/26/2020 12:29 AM
📰 malaymail

⏱ Reading Time:
30 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 86%

United States News News

United States United States Latest News,United States United States Headlines

Fitch Group: Construction industry faces downside risks as political uncertainty looms

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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...
Source: malaymail - 🏆 1. / 86 Read more »