The construction sector, which enjoyed a good run until recently, is seeing a massive shake-up following the 14th
general election last May. Fund managers and analysts say various measures, in particular, the cancellation and deferment of several mega projects, have caused a drastic shift in the sector’s fundamentals.
New processes to increase transparency and governance is also changing the state of play. Industry observers note that as with all reforms, the short-term fallout will be painful. But in the longer term, they will have a positive impact.
