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BUILDING & INVESTMENT - July - August 2014Add to Favorites

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The outlook for the construction industry in 2014 continues to be strong, according to the Construction Industry Development Board Malaysia (CIDB), driven by projects such as the Klang Valley mass rapid transit system, Pengerang Integrated Petroleum Complex (PIPC) and possibly the Kuala Lumpur - Singapore high speed rail project. As of July this year, actual construction volume already topped RM49 billion. Last year, the construction volume was RM120 billion. However, residential projects are expected to slow down due to recent curbs by Bank Negara to reign in rising household debt. The upcoming Budget 2014 announcement in October should give the market a new sense of direction going forward and allay some fears on the impending GST implementation in April 2015.

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