PKBM calls on govt to address problems faced by bumiputera contractors overseas

KUALA LUMPUR (Sept 27): The Bumiputera Contractors Association (PKBM) has urged the government to interfere strategically and have direct government-to-government (G2G) contact to help its members overcome major challenges when they operate overseas.

President Datuk Azman Yusoff said there are several bumiputera contractors of international class with excellent records who can compete in global markets.

“In the global economy, contractors need to operate outside of Malaysia if they want to progress. However, many of them face extraordinary difficulties in their daily operations,” he said. 

PKBM said bumiputera contractors constantly face obstacles such as non-tariff barriers, unfair procurement practices and unequal treatment in the countries they operate in.

Hence, the association wants the Ministry of International Trade and Industry (MITI) and the Ministry of Foreign Affairs to play a more proactive role to help its members overcome such problems.

Azman cited the case of bumiputera developer WZR Property Sdn Bhd (WZR), which is still awaiting full legal settlement of almost RM100 million involving the Maldives government.

He said that in such cases, the Malaysian government should interfere directly with the foreign government concerned. 

“The government should not allow a good company to suffer a big loss due to unfair practices.

“In any case, any arbitration should be based on G2G or government-to-business (G2B) and in line with the law and international best practices to safeguard Malaysia’s reputation and its corporate and business relations,” he added.

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