Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.
GEORGE TOWN: Based on customers’ orders, feedback and enquiries, Foundpac Group Bhd
is optimistic that the value of its orders for financial year 2019 ending June 30 (FY19) would increase by a strong double-digit percentage figure to over RM35mil compared to FY18.
Group chief executive officer C.W. Lee told StarBiz that the orders for the group’s two main products, test sockets and stiffeners, would be shipped to more than 100 customers worldwide.
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