Works Ministry, MOF to resolve issue of Malay contractors being forced to wind up, says Tok Pa

KOTA BARU: The Works Ministry and the Finance Ministry (MOF) are in talks to look for solutions for the nearly 50,000 Malay contractors who have had to wind up after failing to renew their licences.

Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said the issue was linked to a significant increase in prices of building materials because currently, there were only a few products that needed approval for a price increase.