Lender to taxi industry posts record loss

  • 📰 eNCA
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Power cuts, rising petrol prices and fewer commuters are squeezing the taxi industry.

The tight economy is making it harder for taxi owners to service debt they owe to SA Taxi, which together with WeBuyCars, falls under Transaction Capital.

The company says it will now restructure by reducing the number of vehicles to be refurbished and refinanced, and finding other channels to sell repossessed vehicles.

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:

 /  🏆 49. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines