10,317 declared bankrupt since onset of pandemic, Ismail Sabri says


Noel Achariam

Prime Minister Ismail Sabri Yaakob says the Malaysian Insolvency Department does not keep records of the number of employees retrenched during the MCO period. – The Malaysian Insight file pic, September 27, 2021.

A TOTAL of 10,317 Malaysians have been declared bankrupt from the onset of the Covid-19 pandemic in March 2020 to July 2021, Prime Minister Ismail Sabri Yaakob (Bera-BN) said.

During the same period, about 1,246 businesses closed down for good due to the movement control order (MCO), Ismail said in a parliamentary written reply to Lim Lip Eng (Kepong-PH), who asked for the number of companies that have gone bankrupt and employees retrenched since last year.


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