Many businesses may close without govt help fotoBERNAMA (2021) Copyrights Reserved
PETALING JAYA: Many businesses that have been major drivers of economic growth may now go under unless help from the government arrives soon.
They are the retail, hospitality, food and beverage sectors, which also happen to be the worst-hit by the Covid-19 pandemic and subsequent economic fallout.
The Malaysian Association of Hotels (MAH) warned that most hotels will be forced to close down and lay off staff if the government does not intervene, while the Malaysian Retail Chain Association (MRCA) fears that the second movement control order (MCO 2.0) may just be the final nail in the coffin for small businesses such as beauty salons, spas, theme parks and cinemas.
12 Jan 2021 / 11:32 H.
PETALING JAYA: When Darren Tung parted ways with his kopitiam business associate in late September last year, he was naturally apprehensive about jumping into another business venture right away.
The Covid-19 pandemic was intensifying with rising numbers of cases all over the country, and many players in the food and beverage industry were forced to shut their doors for good.
But thanks to the encouragement from his wife and armed with good business acumen and experience, Tung opened his own food business, called the Tung Tung Eateries, a restaurant that specialises in kuey teow soup.
“It was a bold move and I have my wife to thank for it. We weren’t sure how things were going to pan out because the conditional movement control order kicked in shortly after, but thankfully it has paid off,” he told