The Master Builders Association Malaysia (MBAM) urged the government to implement the Mass Rapid Transit Circle Line (MRT3) project, which will allow the construction industry to benefit from the multiplier effect, following the government’s decision to review the project.

The National House Buyers Association (HBA) acknowledges the challenges faced by the Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim in the tabling of the revamped Budget 2023, in view of the post Covid-19 pandemic affecting the global and regional economies as well as the financial health of Malaysia.

The revised national Budget 2023 tabled by the 10th Prime Minister, Datuk Seri Anwar Ibrahim today unveiled the biggest ever allocation of RM388.1 billion, an upward revision from the RM372.3 billion budget announced on Oct 7, 2022.

The revised Budget 2023 was tabled earlier on Friday (Feb 24) by Prime Minister Datuk Seri Anwar Ibrahim. The budget themed “Menbangun Malaysia Madani” is aimed at helping the rakyat and boosting the economic prospects of the country.

The  Real Estate and Housing Developers’ Association (Rehda) Malaysia supports the revamped Budget 2023 tabled today, which includes the measures aiming to assist the rakyat, while ensuring an inclusive and sustainable economic growth, its president Datuk NK Tong said.

Prime Minister Datuk Seri Anwar Ibrahim said his administration is reviewing the Mass Rapid Transit 3 (MRT3) project, and is confident of achieving further savings and bringing down the price tag to under RM45 billion, from RM50 billion announced by the previous government.

The country faces five core challenges in its domestic economy — a debt level that is too high, a decline in quality of administration, global economic uncertainties, a slow recovery in investments to pre-pandemic levels, and the impact of economic challenges on the rakyat — said Prime Minister Datuk Seri Anwar Ibrahim.

The government has pledged to continue its financial commitment to national strategic projects in transport such as the light rail transit and the mass rapid transit, according to the revised 2023 Economic and Fiscal Outlook report.

Top Builders Capital Bhd said it is unable submit its unaudited financial report for the first quarter ended Dec 31, 2022 (1QFY2023) by Feb 28, as required under the Main Market Listing Requirements.