Industry News Update (7 March 2023)

Malaysia will not experience economic downturn in 2023, Dewan Rakyat told

Malaysia will not experience an economic downturn in 2023 despite global uncertainties, said Deputy Finance Minister Datuk Seri Ahmad Maslan.

Absence of new infrastructure projects a dampener on construction sector, says RHB Research

RHB Investment Bank Bhd has maintained its “neutral” stance on the construction sector, naming Kerjaya Prospek Group Bhd and Sunway Construction Group Bhd (SunCon) as its top picks, as these two companies can weather the lack of public mega infrastructure projects.

Discussions reopened for Melaka International Cruise Terminal project, says Anthony Loke

The Ministry of Transport (MOT) is in discussions with the Melaka state government to continue the Melaka International Cruise Terminal (MICT) project, which had its investment operating licence revoked previously due to several issues.