Almost 50,000 Malay contractors close shop, unable to renew licence

Nearly 50,000 Malay contractors were forced to shut down their businesses because they could not renew their licences after being affected by the significant increase in the prices of building materials since 2018.

Malaysian Malay Contractors Association (MMCA) deputy president Mohd Rosdi Ab Aziz said the Covid-19 pandemic had also resulted in fewer projects, affecting most contractors from class G1 to G4...