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).

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 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

Penang Hill funicular disruption due to power distribution issue, says PBBPP
Suspected explosives found on Nilai bomb maker at time of arrest
Floods: Situation in Terengganu improves
Six Orang Asli settlements in Kelantan identified as prone to natural disasters in monsoon season
No letters to EC from Perlis Speaker on vacancies yet, claims source
Perlis constitution allows by-elections if majority is affected, says former EC chair
Nilai bomb maker nabbed in Mantin
18-year-old loses nearly RM60,000 to prize scam syndicate
Dead man found trapped in culvert in Tapah
Man arrested for misusing another person’s MyKad to redeem Budi95

Others Also Read