Putrajaya urged to buy out rental debts of business owners | The Malaysian Insight

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Putrajaya urged to buy out rental debts of business owners

The government should launch a fund and buy out the rental debts of businesses through a factoring-and-discounting mechanism, says the Malaysia Shopping Mall Association. – The Malaysian Insight file pic, October 30, 2021.

THE government should buy out the rental debts of businesses in shoplots as it has done in past recessions, said the Malaysia Shopping Mall Association . PPK president Teo Chiang Kok said many business owners are behind in making rent due to the impacts of Covid-19 and the various movement control orders.

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