MUNICH, Germany (Reuters) - Following is reaction from Friday's Euro 2024 opening game in which Germany beat 10-man Scotland 5-1, with goals from Florian Wirtz, Jamal Musiala, Kai Havertz, Niclas Fullkrug and Emre Can for Germany, and an own goal by Antonio Ruediger for the Scots.
Cost transfer: Property developers may shift diesel subsidy rationalisation costs from construction and transportation to luxury dwelling projects, says an insider. — Photo from Bernama
After the government announced the removal of diesel subsidies, he said developers received notices from various suppliers and contractors on price adjustments the next day, causing the cost of existing projects to increase by 20%. “It’s challenging for contractors to submit tenders nowadays because supply chain quotations are valid for only one to two weeks, while construction periods span months or even years,” he added.
In Melaka, the CEO of PDG Property, Jojo Gwee, said suppliers also issued notices on the new rates of construction materials soon after the diesel rationalisation exercise was announced.“Suppliers have set new rates for construction materials, making it challenging for the developers to navigate the rising costs in the industry,” she said.
Housing Project Developer MBAM Construction Vehicle.
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