Juris Technologies Sdn Bhd co-founder and CEO See Wai Hun Juris Techonologies
During the 1997 Asian Financial Crisis, the first signs of the crisis were large capital outflows from Malaysia in the first quarter of the year.
Spending in the highly leveraged corporate sector collapsed, while the negative outlook curtailed consumption. Trade plummeted and banks soon found their clients in the export sector having trouble servicing their debt. As a result, the value of bank assets, loans to businesses and consumers, dropped because borrowers become unable or unwilling to service their debt.
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