|MBAM WELCOMES 15.5% GROWTH IN QUARTER 1, 2012 FOR MALAYSIAN CONSTRUCTION INDUSTRY|
Members of MBAM are glad to take note that the Construction Sector has achieved a growth of 15.5 % in Q1 2012 as announced by the Governor of Bank Negara. This was due particularly to increase in the civil engineering and residential sub-sectors. With increased momentum in implementation of various projects, the construction sector is expected to contribute significantly to maintain the growth of the national economy this year in the region of 4 to 5 %, in view of uncertain external conditions. To maintain further the momentum, MBAM urges attention of the Government to the three main factors affecting the construction sector as follow:
2) Heavy Construction Machinery
Many of the mobile cranes are in poor working conditions and some are as old as 30 years old. Since the Government is pushing for productivity enhancement in order to achieve high income and reduce dependence on foreign workers, we hope the Government would consider further liberalization and the reduction of import duties and sales tax. This will encourage use of new and bigger capacity machineries in the construction industry which will help enhance productivity and reduce dependence on foreign workers. With the use of newer and safer machineries, we believe accident rates will also reduced.
3) Building Materials
In view of the above positive factors and the consideration of the Government to resolve matters raised for the improvement of the Malaysian construction industry, MBAM is positive of the growth of the construction industry this year and will work closely with the Government to ensure delivery of all projects being implemented. We will play our role to transform the industry to achieve higher productivity through higher mechanization, standardization and higher skill sets of the work force.
Kwan Foh Kwai JMN
|< Prev||Next >|