Good riddance

Shortage of labour, material disruptions / shortage - what u think? Price up or down? Esp for new ones...

Pick those bank lelong ones la next yr....

Contractor and developer also can claim EOT, so that shouldn't be worry. The thing to be worry is no work progress in March and April means no payment in May and June. March and April salary still can cover by previous work done.
Long term is weather the developer got enough cash to pay them and potential stop work if developer with bad sales or bad cash flow situation.
Many building construction stop work in 97 crisis. If not mistaken Plaza Rakyat and Hyatt hotel was one of them. Worry it happen now.

When it placed on bigger figure like developers of few apartments and whole piece of Desaparkcity land, savings is like... Trying to compete with BNM in term of Saving Account.

Let's say 100k, open a grocery shop. How long can it let you stay afloat?

Competing against a big company that doesn't save but spend like here, mortgage here and there, take as much credit as they could, straight push 10 grocery shop.

When you level up to 2 shops, they're at 20.

When MCO comes, they 20 shops all collapse, but during that 2-5-10 years, imagine how much clean + hidden profit they got. People already enjoy drive Bentley, piap many gals, divorce how many time, and die bankrupt.

Meanwhile, you might still stay at 2 shops, and headache because savings hardly enough to feed the store for another month. (Not yet involve increase in item price.)

1. got salary but half and food is provided. rokok is non-essential mind you.

2. yeah we did the explanation to our group.

3. equipments was charged half by supplier for march and april is KIV to see whether it extend or not.

Moratorium does not apply to existing defaulters... more than 3 months especially.. that is the guidelines...

but i heard once they pay one month, they are entitled... within 6 months will be safe..

many will try to sell but... valuation does not hit.. so it will be impaired...unless bank change the policy... valuation does not hit, proceed to sell to reduced loss rather than no cash

Seems my project site will delay till Dec 2020 instead of the official handover date in October 2020. The maincon will negotiate with the project owner first. If subcon kena LAD, many will quit and maincon will have a hard time looking for replacements.

Bagus la..less properties..better for the environment

invoking force majeure will ruin u faster especially in construction industry,

Good for those who wanna pick dead ciken next yr! Personally, I pantang abit picking up ppl’s “inauspicious properties“(aka owners went bankrupt)....

Good let them die, when they made tonnes of money didn't hear anything complains from them. So good to weed most of them out.

1. that is provided you only owe them 1 month salary la.. some head labour cant control the down line already if no monies..

2. that is good, payment record good that y they listen

3. wah so good supplier, mostly NSC?

then subcon payments and supplier how? subcons labour now ask payment directly from you guys... sub con say u guys contra units to them so much they no cash flows... CCRIS/CTOS also koyak di

still got such smooth construction lines.. no deductions? no back charge? paymaster so good?

U mean more project sakit?

1. salary no backlog one. even now during MCO will go site give salary.

2. ya payment record good. boss punya mindset is payment record good, no one can do you anything.

3. been using this supplier for many years.

4. march still pay cause got work done. april no work done yet, depends extend or not, no work done no claim.

5. cash flow is subcon own problem, your butthole koyak is it my problem as well?

6. got VO and VE. backcharge got. paymaster good.

then you are one the good paymaster i can say.. this is like 10% of the line..

next question is whether the project is sell-able? if not.. ur payment will stuck also

All companies are effected by this MCO... if your business cant last few months without business. Better cut lost.

there are reasons why some prefer to be employee.

Every company start small once a time ago. Just that they hv been in the business far longer than you... they hv better cash buffer.

If you are just a startup at desapark...less than a year... most probably your finance is in the red during MCO.... still have not BE yet.

If you are stupid enough to not claim EOT, than your company deserve it

project can sell or not not my problem as well. my work is to complete the job under contracted period.
ayam kuli saja. you've gone from force majure to property sales performance. im sorry to say that i dont have the expertise in that field.
but so far my payment had been diligently paid by developer. all projects performance had been so so throughout the year. it is what it is.

oh cannot sell = you take few units (contra) =cash flows

ur boss good ah cut own meat and blood to help pay others

TeaLive still operating. Should I buy a drink before it closes down?