Daily Industry News Update (2 August 2021)

INDUSTRY NEWS (2 AUGUST 2021)

Nawawi Tie extends business operations to Penang

Nawawi Tie announced today that the former team of Raine & Horne Penang previously headed by the late Michael Geh has joined the firm. Nawawi Tie managing director Eddy Wong said in a statement: “This is a good opportunity for us to strengthen our capability

Sunway Malls facilitating up to RM200m in working capital to assist retailers as pandemic creates ‘cash-flow crunch’

Sunway Malls announced today that it is facilitating up to RM200 million in working capital to assist its retailers through financing facilities provided by RHB Banking Group and Credit Guarantee Corporation Malaysia Bhd (CGC). The financing facilities — the Sunway Malls SME

GDP to grow 4% this year

UNITED Overseas Bank (M) Bhd (UOB Malaysia) maintains a 4% forecast for 2021 GDP albeit foreseeing potential downside risks depending on the economic performance in the second quarter (2Q) and 3Q. UOB Malaysia senior economist Julia Goh said the external sector

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