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KUALA LUMPUR: The payment trend to creditors showed a recovery in the third and fourth quarters of last year, according to the Trade Bureau platform of Experian Information Services (Malaysia).
Chief executive officer Dawn Lai said this positive trend was likely due to most of the Malaysian economy re-opening post the movement control order (MCO) and business activity resuming to some normalcy since June 2020.
“This, coupled with the government’s ongoing implementation of the Prihatin and Penjana economic stimulus packages, have contributed to enhanced business activity which has helped boost market confidence, ” she said in a statement yesterday.
The statement was issued in conjunction with Experian Malaysia’s release of its latest Industry Debts Turned Cash (i-DTC) indicators, which measured payment data from the first quarter of 2019 to fourth quarter of 2020. ....

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