Builders Association urges government to look into price hikes, Malaysia

Builders Association urges government to look into price hikes, Malaysia
Published: 30 July 2012

Tagged Under: Malaysia Pricing 

The Masters Builders Association of Malaysia (MBAM) has urged the government to look at a possible rise in cement prices which is expected to impact the local construction sectors.

The MBAM said in as statement that it had been notified by a major cement producer that the price of a bag of cement would increase to MYR17.75/bag from MYR16.75 as of 1 August 2012, while the price of bulk cement would be hiked from MY$320/t to MYR340/t.

“MBAM appeals to the Government, in particular the Domestic Trade, Co-operatives and Consumers Ministry, to look into the matter immediately. The said increase will definitely increase construction cost as prices of concrete and all cement-based products will be affected.”