News Formal

Construction industry suffered RM18.5bil losses in first three MCO phases

  • 📰 staronline
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 75%

United States News News

United States United States Latest News,United States United States Headlines

KUALA LUMPUR: The construction industry suffered RM18.5bil in losses during the first three phases of the movement control order (MCO) from March 18 to April 28, says Datuk Seri Fadillah Yusof.

The Works Minister said RM6.9bil in losses were recorded between April 15 and April 28, the third phase of the MCO which saw the reopening of 13 sub-sectors.

Fadillah added that inspections on 7,590 construction sites nationwide by the Construction Industry Development Board from April 20-Sept 20 found that 1.96% of them had not resumed operation. He also said that 89,708 or 88.7% of all construction companies registered with CIDB were class G1 to G5, or categorised as small and medium enterprises .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Govt wants commitment on safety from construction industryKUALA LUMPUR: Following a recent construction site accident that almost killed a woman driving on the road nearby, the government wants commitment from all players from the construction industry to ensure safety at their work sites.
Source: staronline - 🏆 4. / 75 Read more »