Kuala Lumpur, 26 January 2021 - The pandemic has been hitting the service industry hard, forcing service providers to explore new avenues, cut costs, or pivot completely. It is especially hard for small businesses and individual workers as they have considerably smaller savings than their larger counterparts. In 2021 however, Recommend.my’s annual survey showed a surprisingly resilient recovery and optimism expected for 2022.

Over the last two years, home and local service industries have been considerably challenged to face pandemic situations. In understanding the challenges that service providers (SP) faced during the pandemic, 18.4 percent faced difficulty in finding local manpower with the right skills, 17.3 percent have been impacted heavily due to the rising cost of materials (especially prevalent for the home improvement sector), 13.8 percent stated that they are uncertain of the customer demand which is heavily influenced by the current situation.

SELANGOR, 26 JANUARY 2022 - Property damage following the massive floods that occurred late last year, are still affecting the hearts of the residents of Klang Utama, Klang, Selangor.

Concerned with their plight, MK Group companies have helped residents get involved as part of their corporate social responsibility program.

MK group has done CSR work to alleviate the burden of victims affected by the floods on December 18 by providing financial assistance of RM200,000 for residents in the area.

FINANCIAL SECTOR BLUEPRINT: CHARTING THE PATH AHEAD, TOGETHER 

Panelists: 

Abdul Rasheed Ghaffour, Deputy Governor, BNM 

Datuk Kamaruddin Taib, FIDE Forum Vice Chair, Chairman of HSBC Amanah Malaysia Berhad and  Director of Great Eastern General Insurance (Malaysia) Berhad 

Datuk Yvonne Chia, Chairman of Standard Chartered Malaysia Berhad and Standard Chartered  Saadiq Berhad