RM12 billion loss from construction shutdown
Construction workers at the site of Kg Baru MRT station in Kuala Lumpur. Despite the MCO, the sector was allowed to resume operations because of the economic impact of a prolonged shutdown. – The Malaysian Insight pic by Hasnoor Hussain, April 30, 2020.
A SHUTDOWN of the construction sector under the first phase of the movement-control order led to losses amounting to about RM11.6 billion, said senior minister Fadillah Yusof said. The sector’s closure caused a ripple effect to other industries, resulting in more damage to the economy, he said. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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