Business owners suffering from losses struggle to secure livelihood

Entrepreneur Sivamalar Ramasamy thought it was going to be a busy and prosperous year for her as she had opened her beauty salon specialising in “gold facials”, waxing and threading in Sentul, Kuala Lumpur last October.

She wanted to withdraw part of her savings from the Employees Provident Fund to keep her business afloat but her application was rejected as contributors were only allowed to make a withdrawal at 50. On June 1, Moo was forced to shut down her business as it started to collapse like a house of cards, when more couples called to cancel weddings and suppliers as well as photographers withdrew their contracts.

“Online weddings are not new, and we have done that a few times. But now we can step it up, ” she added.Many cash-strapped individuals made a beeline for pawnshops right after the country moved into conditional MCO.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

New York open for business as virus cases spike elsewhereBusiness owners in the Big Apple relived being able to open doors to paying customers. FMTNews NewYork
Fonte: fmtoday - 🏆 5. / 72 Leggi di più »

The Star Outstanding Business Awards (SOBA) 2020 Official Digital LaunchTune in to SOBA 2020's launch and gain insights from our Guest Speaker, Dr. Jomo Kwame Sundaram as he addresses issues on some of the challenges SMEs and businesses are facing during this new economy post-Covid-19. Join us NOW at
Fonte: staronline - 🏆 4. / 75 Leggi di più »