Builders Association urges government to look into price hikes, Malaysia

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


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.”

Published under Cement News

Tagged Under: Malaysia Pricing