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Author: savemalaysia   |   Latest post: Tue, 2 Jun 2020, 11:39 PM

 

Khaled Nordin: Govt should help construction industry, but not necessarily with cash

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JOHOR BARU: The government should help the construction industry which has been severely impacted with huge losses since the movement control order (MCO) took effect, says Datuk Seri Mohammed Khaled Nordin (pic).

The Umno vice-president said the construction industry played a significant role in the country's economy, but their adherence to the MCO has weighed them down with unfathomable losses, while their urgent pleas for help have been glossed over.

He said that this did not mean that the construction players necessarily needed monetary relief but rather, the government could help by enforcing blanket temporary relief from contractual obligations to all construction and construction-related companies throughout this pandemic.

"The impact of this pandemic has severely undermined their ability to fulfil contractual obligations.

"The government should take a leaf from Singapore, which, in an effort to provide fair assistance to businesses and individuals, is introducing a temporary measures Bill to provide relief from contractual obligations for a prescribed period," he said in a statement Wednesday (April 8).

Khaled said the Bill would prohibit a contracting party from taking legal actions against the non-performing party throughout the prescribed period.

"In fact, this Bill does not just apply to construction companies under contract, but is much more far reaching.

"Having a temporary measure like this enforced by the government will greatly help individuals and businesses alike from further bleeding their depleting cash during this non-performance period.

"Especially since invoking a force majeure clause or by invoking the common law doctrine of frustration will have a high bar to success and parties should take careful advice before pursuing either," he stressed.

Khaled also lauded and welcomed the government’s effort to safeguard the people’s livelihood and protect small businesses during one of the most troubling times in our nation’s history.

He added that none of this comes easy, and that to provide relief for society’s most urgent and pressing problems required tremendous political will and empathy.

He added that this burden was further augmented by the losses and the uncertainties that have yet to come.

The MCO was initially enforced until March 31, but extended to April 14 and this Friday (April 10), the government is expected to make the much-awaited announcement on whether it will be further extended.

 

https://www.thestar.com.my/news/nation/2020/04/08/khaled-nordin-govt-should-help-construction-industry-but-not-necessarily-with-cash

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