MORE than 300 members and associates from the building industry had a great time celebrating the 143rd anniversary of Penang Master Builders & Building Materials Dealers Association.
They enjoyed a scrumptious buffet spread at M Summit 191 Hotel in Jalan Magazine.
Association president Datuk Lim Chee Tong said the industry players were bracing for a slowdown in the competitive market.
“Housing developers are having slow business in the market, and this will eventually affect us in times to come.
“Some smaller contractors are already facing delayed payments, and delays between four and six months which were once considered long drags are now normal occurrences.
“Legal action can be taken against such unsettled account, but most of us refrain from doing so as we want to stay united and support each other, ” he told reporters during the dinner.
Lim said while the Covid-19 (novel coronavirus) outbreak had not shown any effect on the industry, the association had decided to postpone its planned Building And Construction Material Exhibition (Buildex) event.
“Our raw materials such as rocks and metals are sourced locally and only a small fraction from the industry which relies on machinery and spare parts from China are affected.
“But we have decided to postpone the international Buildex event to next year due to uncertainty of the outbreak.
“It is initially scheduled for November attracting about 80 exhibitors worldwide.
“The exhibition was last held here in 2006, ” he said.
Lim, however, said the association’s annual dinner in September would go on as planned.
Also present at the dinner were state exco members Phee Boon Poh and Zairil Khir Johari, Penang police chief Comm Datuk T. Narenasagaran and the association’s immediate past president Alvin Yeow.
Did you find this article insightful?