Construction booms in KL

Sat, 13 May 1995, 00:00 WIB

KUALA LUMPUR (AFP): Malaysia's construction industry, crucial
to the nation's dream of becoming a developed state in 25 years,
is set to be the biggest local revenue earner this year, a
government agency said yesterday.

The building sector is expected to chalk an additional 33.9
percent in earnings for 1995, compared to the 15.4 percent
expansion forecast for the transport division, the second largest
portion of the Malaysian business pie, the statistics department
said.

Outlining its Business Expectations Survey of Limited
Companies for the first six months, the department said other
sectors expected to enjoy higher revenue were retail (14.1
percent), wholesale (13 percent), manufacturing (11 percent) and
finance (8.7 percent).

The department said 126 companies which responded to the
survey did not anticipate any operational constraints this year.

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