Penang property sector in losses if movement control order extends


Penang Master Builders & Building Materials Dealers Association adviser Datuk Lim Kai Seng said there was at least RM5bil worth of construction jobs being carried out in Penang now.

GEORGE TOWN: Contractors and developers in Penang will suffer losses amounting to hundreds of millions of ringgit if the Movement Control Order (MCO) period is extended.

Penang Master Builders & Building Materials Dealers Association adviser Datuk Lim Kai Seng said there was at least RM5bil worth of construction jobs being carried out in Penang now.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Bank Islam surpasses RM4bil green financing target, well ahead of 2025 goal
Lebtech secures RM10.8mil Selangor waterworks projects
Bursa Malaysia seeks feedback on depository rules for electronic CDS statements
Southern Cable wins RM172.57mil cable supply contract
Bursa Malaysia higher at midday, boosted by year-end window dressing
China's yuan nears key threshold, set for third straight yearly loss in 2024
South Korean won drops to lowest level since March 2009; stocks ease
Cocoa, pepper continue resilient performance in 2024, positive outlook in 2025
Dollar stays resilient, Asia shares get festive lift
Automotive sector revs up to another resilient performance in 2024 as first national EV debuts

Others Also Read