Going into debt for Raya
A study by start-up Mobylize suggests that 75% of Malaysians may have obtained personal loans from various financial institutions ahead of Raya. – The Malaysian Insight pic by Seth Akmal, May 19, 2019.
WHEN private sector worker Rizal took out a loan from a moneylender to cover his Raya expenses two years ago, he knew it was not a prudent decision. He found himself in need of extra cash as his employer had stopped giving bonuses in conjunction with the festival due to the weak economy. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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