PETALING JAYA: The recently-gazetted exemptions to the Companies Act 2016, which allows troubled companies more time to repay their debts, is a move welcomed by the industry as they provide breathing space for businesses.
However, experts said more urgent action is needed to help companies, such as enacting a temporary Covid-19 Bill, similar to that which was passed in Singapore.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
