Tour bus operators indebted to credit companies face ruin | The Malaysian Insight

  • 📰 msianinsight
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Tour bus operators face ruin, unable to repay vehicle loans

The fleet of tour bus operator Chai Kok Sing sits idle in Cameron Highlands as he waits for creditors to come and begin towing buses away to recover debts. – The Malaysian Insight pic, July 6, 2021.

TOUR bus operators with loans to repay for their vehicles are caught between what they feel is an unfair relief scheme and having their buses towed away by creditors. The tourism industry sub-sector has had almost zero income for more than a year due to movement restrictions to curb the Covid-19 pandemic, yet operators still have to repay their loans from credit companies for their vehicles, said Steven Chong, who represents a group of tour bus operators on the peninsula.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines