Construction sector losing RM11.6 billion a month since MCO, says industry body

Updated 6 months ago · Published on 18 Sep 2020 5:02PM · 0 Comments

Master Builders Association Malaysia president Foo Chek Lee construction firms are operating at only 80% capacity. – The Malaysian Insight file pic, September 18, 2020.

THE construction industry in Malaysia has suffered up to RM11.6 billion in losses a month since the nationwide movement control order (MCO) began on March 18.

Master Builders Association Malaysia (MBAM) president Foo Chek Lee said that 29% of the losses was due to the unemployment of industry workers as construction projects had to be halted.