Think tank BMI Research forecasts a negative impact on Malaysia's construction industry after Prime Minister Dr Mahathir Mohamad announced the cancellation of the Singapore-Kuala Lumpur High-Speed Rail (HSR) project.

"The cancellation of the HSR, announced this week as part of Mahathir's attempt to tackle Malaysia's rising government debt, will have a negative impact on growth in the country's construction industry over the coming years," BMI Research said in its revised industry trend analysis...