News by EdgeProp.my

Retail outlook: Risk of more store closures

Retail Group Malaysia managing director Tan Hai Hsin: Similar to 1998, we may now see large chain stores collapse. We may also see more foreign retailers give up on the Malaysian market [and exit]

17 July, 2021

No free lunch in loan moratorium

Datuk Chang Kim Loong: One thing is certain though, similar to the 2020 moratorium, the 2021 one does not reduce borrowers’ lending costs as it is not interest-free. Hence, interests will continue to be charged during the moratorium period, and ultimately, borrowers will end up paying more to the banks when the moratorium period ends.

16 July, 2021
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