According to business owners, the construction companies in Mon State are facing losses due to rising prices of construction materials.
A builder in Kyaikto Township said the rising price of construction materials has made the business unprofitable.
"Now labor costs are going up. We have to hire workers, and all our equipment is going up. The building is worse. After construction, we have nothing left. We have lost," he said.
In the past two years, the capacity for construction work has declined significantly.
Currently, some minor construction projects in the state have stopped, according to a construction worker in Mawlamyine.
" We don't take big buildings anymore. Buildings are not profitable. We can even win capital. Only big businesses can do it now. Small business people are tired of it," he said.
He added that the increase in fuel prices has made it more challenging to operate.
About 800,000 construction workers in the country are currently facing unemployment, with about two-thirds of all condominiums and construction companies shutting down, according to the real estate and construction community.