{"id":4282,"date":"2016-02-10T16:24:27","date_gmt":"2016-02-10T09:24:27","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-malaysian-builders-are-furious-about-the-expat-workers-levy-hike\/"},"modified":"2016-02-10T16:30:46","modified_gmt":"2016-02-10T09:30:46","slug":"why-malaysian-builders-are-furious-about-the-expat-workers-levy-hike","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-malaysian-builders-are-furious-about-the-expat-workers-levy-hike\/","title":{"rendered":"Why Malaysian builders are furious about the expat workers\u2019 levy hike"},"content":{"rendered":"


\nThey all feel that it was not a very good idea and ill-timed
\nImage credit: AFP PHOTO \/ Mohd Rasfan
\nMalaysia\u2019s government recent announced the increase of foreign workers\u2019 levy in the construction sector that took effect on 1 February 2016, but some industry players are speaking against the new policy.
\nPropertyGuru.com.my reports that four heads of building associations have released a joint statement denouncing the increase of foreign workers\u2019 levy to MYR2,500 (USD606). The statement was signed by Matthew Tee, president of Master Builders Association Malaysia (MBAM); YBhg. Dato\u2019 Haji Mokhtar bin Haji Samad, president of Persatuan Kontraktor Melayu Malaysia (PKMM); YBhg. Dato\u2019 Hj Mohd Said bin Hj Mat Saman, chairman of Guild of Bumiputera Contractors (GBC); and Sukumar Subrayalu, president of Persatuan Kontraktor India Malaysia (PKIM).
\nAccording to the group\u2019s statement, the increase was not property timed given Malaysia\u2019s current economic situation.
\n\u201cSuch an increase will definitely deter foreign workers from coming to work here and their embassies will definitely demand higher wages for their workers,\u201d they said. \u201cFor example, earlier when GST (Goods and Services Tax)\u00a0was introduced, the Indonesian workers demanded a 33 percent increase in wages.\u201d
\nMore: What to expect in ASEAN real estate in the AEC era
\nThey argues that there should be an incentive to increase workers productivity before minimum wages and levy are hiked. The group urging Malaysian authorities to withdraw the new policy and focus on generating revenue by legalising illegal foreign construction workers in the country with at previous levy rate of MYR1,250 (USD303).
\n\u201cThis will generate more revenue and will not burden the business community which is still struggling to adjust the impact of GST, higher construction costs and devaluation of the ringgit,\u201d they said.
\nA continuous dialogue between authorities and stakeholders is also necessary in order for all parties to reach a concensus, according to their complaint.
\nMalaysia\u2019s policy was announced by Deputy Prime Minister Ahmad Hamidi, who is also the Home Minister. Per Zahid, the policy will gain Putrajaya\u2019s construction industry an estimated MYR2.6 billion (USD631,000) in revenues, Free Malaysia Today reports.
\n
\nSource : property-report.com
\nRead more…Why Malaysian builders are furious about the expat workers\u2019 levy hike<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

They all feel that it was not a very good idea and ill-timed Image credit:...<\/p>\n","protected":false},"author":1,"featured_media":4283,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-4282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/Photo-by-Yob-Tualang-Sekah.jpg?fit=740%2C487&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-174","jetpack-related-posts":[{"id":22492,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/7-questions-to-ask-at-property-report-congress-malaysia\/","url_meta":{"origin":4282,"position":0},"title":"7 questions to ask at Property Report Congress Malaysia","date":"August 10, 2016","format":false,"excerpt":"\r The first-ever Property Report Congress in Kuala Lumpur debuts on 11 August 2016\u00a0 Tomorrow, Asia\u2019s real estate industry leaders and influencers from Kuala Lumpur and beyond will meet at the inaugural Property Report Congress Malaysia. 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