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: G3 Global Bhd
is negotiating with customers in the country to close several strategic Internet-of-Things (IoT) and artificial intelligence (AI) projects in the second half of 2019, which will help the group to return to the black in the 2020 financial year.
“We hope to close several deals in the second half, so that they can contribute positively to the group’s 2020 revenue,” Lim said.
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