Chong: Even Ah Long are selective these days


PETALING JAYA: Many businesses are facing difficulty in obtaining loans from licensed financial institutions in the face of a dampened economy, with some saying even loan sharks are more selective nowadays.

MCA Public Services and Complaints Department chief Datuk Seri Michael Chong said he had received complaints from businesses which were unable to get loans from licensed money lenders during the movement control order (MCO).

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
ah long , loan shark , debt , business , michael chong , MCO

Next In Nation

Court orders Musa Hassan to pay RM250,000 in damages to Hannah Yeoh for defamation
HELP uni chancellor expresses deep concern for those affected by fatal explosion
MACC yet to decide on extending former Army chief's remand, says Azam
Melaka Islamic Religious Department ordered to investigate 'gay-friendly' hotel claims
Ex-NGO head in the dock again, accused of pocketing RM576,000 in donations
Court of Appeal throws out Najib’s bid to revive RM1.9mil suit against Tommy Thomas
MACC, Defence Ministry to tackle procurement leakages, corruption concerns
Consultant loses over RM620K to bogus investment scheme
Malaysia Airlines celebrates resumption of direct flights to Chengdu
Bersatu accepts Muhyiddin's wish to step down, PAS ready to lead PN in GE16

Others Also Read