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Presidential Advisor Warns Payment Delays Threaten Construction Industry
MACI President and Presidential Advisor Mohamed Ali Janah warned that delayed payments for completed work are disrupting construction projects and businesses' ability to pay workers, speaking at the Construction Industry Forum on Monday. He said construction sector debt at Commercial Bank rose six per cent in the first quarter while operational activities fell nine per cent, amid a growing scarcity of US dollars.
Sources1carried itMR1 of 19 news outlets we monitor
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
What happened
in order; days are read from the reports' words and dates
Mon 19 AugThe Construction Industry Forum (CIF) opened at the Manhattan Business Hotel.on Mondayonly Maldives RepublicSpeaking at the opening of the Construction Industry Forum (CIF) held at the Manhattan Business Hotel on Monday, Janah highlighted that the delay in payments is leading to significant cash flow challenges for businesses within the industry, particularly those already operating on tight margins.
Word for word from the report in Maldives Republic. Open the report
Who said what
the reports' own quoted words, each once
Many businesses in our industry have faced huge cash flow difficulties due to delayed payments. And contractors are already managing on tight margins. This disrupts ongoing projects and affects the business’s ability to pay their workers,
