Struggling contractors say govt needs to act on price of raw materials

Angie Tan

Leong Kin Keong, president of the United Malaysia Contractors Association (UMCA), says cement, aluminium, wood and steel account for the most dramatic rise in the cost of raw materials. – The Malaysian Insight file pic, May 28, 2022.

CONTRACTORS are unable to keep up with the soaring prices of raw building materials with many opting to stop bidding on new projects because they will lose money.

Business owners who spoke to The Malaysian Insight said that the cost of raw materials has risen by as much as 100% this year due to the Russia-Ukraine war, as well as the fluctuation of the ringgit.

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