How to shift RM1 billion of stock in 2 days, asks clothing industry

Khoo Gek San

Each day of the MCO 2.0, imposed from January 13, has so far cost the clothes retail sector about RM150 million, say industry players. – The Malaysian Insight pic file pic, February 11, 2021.

PUTRAJAYA’S decision to allow clothing stores to reopen from yesterday is a little too late for industry players sitting on about RM1 billion worth of stock they need to clear just two days before Chinese New Year, which begins tomorrow.

Federation of Malaysian Fashion, Textile and Apparels chairman Tan Thian Poh said the sector actually received the green light from the International Trade and Industry and the Domestic Trade and Consumer Affairs Ministries to reopen on February 5 but bureaucracy resulted in the announcement being made on February 9.

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