KOTA BARU: The Works Ministry and the Finance Ministry (MOF) are in talks to search for options for the almost 50,000 Malay contractors who’ve had to wind up after failing to renew their licences.
Minister within the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed mentioned the issue was linked to a major enhance in costs of constructing supplies as a result of presently, there have been only some merchandise that wanted approval for a worth enhance.
He mentioned each ministries will maintain talks to increase the scope of supplies that want the federal government’s approval for worth will increase.
“This in flip will assist resolve the issue presently confronted by Malay contractors,” he instructed reporters after attending a dialogue session with business gamers and Kelantan non-governmental organisations right here.
On Wednesday (June 29), Malaysian Malay Contractors Association (PKMM) deputy president Datuk Mohd Rosdi Ab Aziz mentioned virtually 50,000 Malay contractors had been forced to shut down their companies as a result of they might not renew their licences following the numerous enhance in costs of constructing supplies since 2018.
Mohd Rosdi mentioned the Covid-19 pandemic had resulted in fewer initiatives, which affected most contractors in courses G1 to G4. – Bernama
