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.
PETALING JAYA: Country Heights Holdings Bhd
has entered into a memorandum of understanding (MoU) to expand into the automotive industry, with plans to develop an automotive lifestyle centre in Malaysia and organise a racing event.
The group announced that it had entered into the agreement with Chinese motor sports and lifestyle company Goldenport Motor Culture Development (Beijing) Co Ltd yesterday.
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