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Budget 2024: A Rundown for Property and Construction
22 December 2023
On 13 October 2023, Prime Minister Dato’ Seri Anwar Ibrahim presented the 2024 budget, also known as the second MADANI budget. With the announcement of this year’s budget, the government has put forth a set of goals in mind. Namely, to deliver reform to enhance the public delivery system and governance, elevate the well-being of the rakyat, and transform Malaysian businesses and the economy. These goals are also in line with the 12th Malaysia Plan.
Zooming into the property and construction sector, here are some of the government’s efforts that construction industry players should take into account.
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YTL Cement is Malaysia’s pioneer and largest building materials group. With a network of cement plants, terminals, ready-mixed concrete batching facilities, drymix operations, and aggregate quarries, YTL Cement is recognised as a partner in nation building. Over its 70-year legacy, the Group has contributed to the construction of residential, commercial, and infrastructural projects throughout Malaysia, including the Petronas Twin Towers, Merdeka 118, SMART Tunnel, and the nation’s iconic airports and bridges.
Extending its presence beyond domestic borders, YTL Cement now has operations in Southeast Asia, meeting the building material needs of neighbouring nations.
Recently, the Group launched its ECO Product Range, providing a diverse selection of low-carbon alternatives to conventional offerings. This eco-friendly range includes ECOCem, a selection of low-carbon cements; ECO Concrete, offering concrete with significantly reduced embodied carbon; ECOSand, a perfect substitute for natural sand; and ECODrymix, an eco-friendly pre-mix range. This initiative is part of its commitment to support the industry’s transition to sustainable construction.
Extending its presence beyond domestic borders, YTL Cement now has operations in Southeast Asia, meeting the building material needs of neighbouring nations.
Recently, the Group launched its ECO Product Range, providing a diverse selection of low-carbon alternatives to conventional offerings. This eco-friendly range includes ECOCem, a selection of low-carbon cements; ECO Concrete, offering concrete with significantly reduced embodied carbon; ECOSand, a perfect substitute for natural sand; and ECODrymix, an eco-friendly pre-mix range. This initiative is part of its commitment to support the industry’s transition to sustainable construction.
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