Many construction companies forced to close, says group

[superadmin]

PETALING JAYA: The critical labour shortage, high agency fees, and a 30% hike in the price of construction materials have forced several industry players to close shop, says Master Builders Association Malaysia (MBAM).

MBAM president Wee Hiang Chyn said the problems faced by the industry were compounded by the worsening Russia-Ukraine conflict which has led to supply chain disruptions and inflation.

Wee wants the government to intervene and help resolve issues faced by many of its 17,000 members, particularly the shortage of about 550,000 workers needed for the construction industry, China Press reported.

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[bucklandrachel]

It's been a long time but, oh, it's getting worse

[roxcntrum]

This is tough news for the construction industry. I remember a similar situation at my old job. It's a ripple effect. High fees and material costs hit hard. I am hoping the government steps in to support and stabilize things. Also, you can use Building Designer Brisbane services to help you design your perfect house. Hang in there, builders!