Prioritise sustainability for survival

Kota Kinabalu: Bankers called on companies seeking loans to prioritise business sustainability in their long-term recovery and growth plans. 

At the same time, companies have to overcome significant obstacles to repurpose their assets and capabilities for post-pandemic markets.

With the number of new Coronavirus cases still high, the restrictive measures in place now extended to March 31, 4Q2020 GDP is expected to shrink more from 3Q’s -2.7 per cent. 

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Estimations based on the current set of data suggest that the contraction could be around 3 per cent to 3.5 per cent. This would translate to a full-year contraction of 5.3 per cent to 5.7 per cent from earlier projection of -3.6 per cent to -5.6 per cent.

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