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Many construction companies forced to close, says group

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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