MBAM urges government to provide clear guidelines, consistent policies for PPC initiatives in NEM

PETALING JAYA: The Master Builders Association Malaysia (MBAM) hopes the government will provide clear guidelines and consistent policies for the implementation of Public Private Cooperation (PPC) initiatives in the newly launched New Economic Model (NEM).

MBAM’s president Ng Kee Leen said the association is encouraged to learn that there would be many opportunities for the construction industry in the NEM through various PPC initiatives such as the Sungai Buloh township project and three proposed lots of development in Kuala Lumpur.

“[We hope] the government would consider providing more of such projects to further increase the investment opportunities in Malaysia. This will in turn create economic spillover to other related industries,” Ng said in a statement on March 31.

Ng said MBAM hopes that with the launch of the NEM, the government will review and scrutinise future procedures to ensure that these schemes will help promote the ease of doing business, minimise unpredictability in business and economic terms and ensure a sustainable economy though transparent policies and expeditious implementation.