Malay contractors, developers in dire straits, says Malay commerce chamber

Some 30 Malay developers and contractors are at risk of collapse due to their involvement in the PR1MA housing project, according to the Malaysian Malay Chamber of Commerce (DPMM).

DPMM youth chairperson Mohd Ali Amin Abd Latif said more than 30 percent of Malay developers involved with the PR1MA project had invested hundreds of millions of ringgit in initial capital outlay...