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Business associations warn more businesses to shutter from Covid-19 economic fallout

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They call on the govt to be more efficient in delivering aid promised in the various stimulus packages to mitigate the fallout.

in May is reflected in the winding up of business due to the economic fallout from the Covid-19 pandemic, said business associations.

While the associations were unable to provide an exact figure on the number of closures, they believed the worst has yet to come, and they expect the full-blown economic impact will be felt in the fourth quarter of 2020.

 

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