Malay Mail (Used by permission)
NAJIAH NAJIB
"We haven’t received any news. We don’t know how SPNB is going to come up with funds to pay the contractors," he said, adding that the association was open to meet with SPNB to discuss the matter.
"We hope to meet them very soon, within the next week or so."
Asked if the contractors would be open to negotiations on the payments, he said SPNB should to pay the contractors according to the jobs done.
"The contractors need to be paid, no matter what. They have their own expenses and bank loans to worry about. The reported amount owed is RM500 million and if it is paid up, the industry can expect a turnover of some RM2 billion, four to five times the amount owed."
The payment would certainly do the industry good, Baharuddin added. The Malay Mail reported on Oct 30 that
SPNB had promised to pay the 34 Class A Bumiputera contractors, who had undertaken 34 housing development projects throughout the country, by yesterday.
Though sources had claimed the amount owed was about RM500 million, SPNB chairman Datuk Azian Osman said the figure was actually below RM300 million.
Azian had blamed the economy and poor housing sales as reasons why the contractors had not been paid.
However, he declined to say how SPNB would raise the funds.
Subsequently, Finance Minister II Datuk Seri Ahmad Husni Hanadzlah told The Malay Mail that SPNB would rely on its land, unsold houses and other financing solutions to settle the debt.
Ahmad Husni had also said the ministry would not bail out SPNB as the situation was viewed as part of the business cycle.
Comments from the ministry and SPNB could not be obtained at Press time.
NAJIAH NAJIB
PETALING JAYA: The past two months have been a waiting game for the Malaysian Malay Contractors Association (PKMM), which has been kept in the dark by Syarikat Perumahan Negara Bhd (SPNB) over the payment for projects its members have undertaken.
Despite being promised by the national housing company that the contractors would be paid their dues by the end of last year, PKMM said it still hadn’t received any update on the matter.
Its secretary-general Baharuddin Sariman told The Malay Mail yesterday that SPNB had not been in contact with the association for the past two months.
Despite being promised by the national housing company that the contractors would be paid their dues by the end of last year, PKMM said it still hadn’t received any update on the matter.
Its secretary-general Baharuddin Sariman told The Malay Mail yesterday that SPNB had not been in contact with the association for the past two months.
"We haven’t received any news. We don’t know how SPNB is going to come up with funds to pay the contractors," he said, adding that the association was open to meet with SPNB to discuss the matter.
"We hope to meet them very soon, within the next week or so."
Asked if the contractors would be open to negotiations on the payments, he said SPNB should to pay the contractors according to the jobs done.
"The contractors need to be paid, no matter what. They have their own expenses and bank loans to worry about. The reported amount owed is RM500 million and if it is paid up, the industry can expect a turnover of some RM2 billion, four to five times the amount owed."
The payment would certainly do the industry good, Baharuddin added. The Malay Mail reported on Oct 30 that
SPNB had promised to pay the 34 Class A Bumiputera contractors, who had undertaken 34 housing development projects throughout the country, by yesterday.
Though sources had claimed the amount owed was about RM500 million, SPNB chairman Datuk Azian Osman said the figure was actually below RM300 million.
Azian had blamed the economy and poor housing sales as reasons why the contractors had not been paid.
However, he declined to say how SPNB would raise the funds.
Subsequently, Finance Minister II Datuk Seri Ahmad Husni Hanadzlah told The Malay Mail that SPNB would rely on its land, unsold houses and other financing solutions to settle the debt.
Ahmad Husni had also said the ministry would not bail out SPNB as the situation was viewed as part of the business cycle.
Comments from the ministry and SPNB could not be obtained at Press time.
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