Nearly 50,000 Malay contractors forced to shut down since 2018 due to rising cost of building materials

KOTA BHARU, June 30 — Nearly 50,000 Malay contractors were forced to shut down their businesses because they could not renew their licences after being affected by the...

KOTA BHARU, June 30 — Nearly 50,000 Malay contractors were forced to shut down their businesses because they could not renew their licences after being affected by the significant increase in the prices of building materials since 2018.

“Among the factors that caused them to be unable to renew their licences was they did not have sufficient funds in their capital account according to their respective contractor classes. In this regard, Mohd Rosdi, who is also the Kelantan PKMM president, hoped that the government would always monitor the situation to help solve the problems faced by Malay contractors at this time.

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