The Star (STARBIZ) : Public infrastructure spending to increase in 4Q24
17.12.2024 : PETALING JAYA : Malaysia is set to ramp up its public infrastructure spending from the fourth quarter of 2024 (4Q24) onwards. This would start projects such as the Penang Light Rail Transit (LRT) Penang International Airport expansion and Pan Borneo Sabah, according to CIMB Research. An additional boost may come from a step-up in infrastructure spending in East Malaysia, considering that Sabah and Sarawak could hold their elections in 2025 and 2026, respectively. Looking ahead, CIMB Research said tender momentum will be supported by a rising number of public-private partnership (PPP) projects for high-tech plants, highways, renewable energy and climate change projects.
Full Article