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Finance Minister II Datuk Seri Amir Hamzah Azizan pointed out three probable factors that led to FashionValet’s downfall while answering Bukit Bendera MP Syarleen Abdul Rashid’s question at the Dewan Rakyat yesterday .1. The Covid-19 pandemic changed things The Covid-19 pandemic changed the way we did things. Businesses with physical stores had to pivot to an online business model, especially during the Movement Control Order periods.
However, the pandemic threw a wrench in the plans and the market for premium clothing fell significantly. Although Khazanah and PNB provided strategic and financial advice, the competition with the other platforms were too strong.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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Covid-19, competition and cash flow woes: Finance Ministry outlines FashionValet’s collapse to ParliamentKUALA LUMPUR, Nov 14 — The Ministry of Finance has identified three factors that are said to have contributed to the collapse of online fashion business FashionValet, resulting...
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Khazanah, PNB sold FashionValet stakes at a loss of RM43.9mil, says Finance MinistryAlmost one in five of the workforce in Guangzhou have turned to work in flexible contracts, higher than China’s national level of 14.3%.
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Final 2024 STR payout starts Nov 7, says Finance MinistryLONDON (Reuters) - Former Manchester City defender Benjamin Mendy on Wednesday won a partial victory in his case against the Premier League club for over 11 million pounds ($14.3 million) in unpaid wages, after he was charged with and acquitted of sexual offences.
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Govt to expedite tabling of Consumer Credit Act, says Finance MinistrySINGAPORE: A man was banned from entering Changi Airport unless he was taking a flight after being caught twice for what the prosecution described as touting-related activities.
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872,000 EPF members make voluntary contributions as of Aug 2024, says Finance MinistryA study says it adds to 'risks of developing psychological and cardiovascular illnesses' among spouses, siblings, children and parents.
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Federal govt debt on downward trend: Finance Ministry projects 7.5pc by end-2024KUALA LUMPUR, Oct 17 — The federal government’s debt growth trend is expected to continue to decrease, ending 2024 at around 7.5 per cent compared to 8.6 per cent in 2023 and...
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