Malaysia: tougher conditions in 2006

Malaysia: tougher conditions in 2006
Published: 30 December 2005

 

Cement and steel producers, whose businesses have been affected this year due to a weak construction sector, may face an even tougher time in 2006, the New Straits Times quoted Construction Industry Development Board (CIDB) chief executive Hamzah Hasan as saying.

He said producers may find their profits shrinking amid a fixed-price environment and rising transport and production costs following higher energy prices.