Seek alternative resources, KL businesses advised

Shops shuttered in the Bukit Bintang business district during the lockdown. At least 2,500 restaurants went out of business last year and another 4,750 are expected to follow. — SAMUEL ONG/The Star

AN economist has warned that Kuala Lumpur establishments risk facing the same fate as the century-old Coliseum Cafe in Jalan Tuanku Abdul Rahman if they do not turn around their business, downsize operations or temporarily close to save on operating costs.

Sunway University economics professor Yeah Kim Leng said the other alternative for businesses to stay afloat was to seek some form of government aid.