During COVID19, people's purchasing power were artificially inflated due to moratorium and KWSP withdrawals.
Imagine you suddenly got extra 20-30k cash in your hands and still able to earn as usual, all spend like crazy. So certain businesses that suddenly earn a lot, assumed that the spending trend will continue even after COVID19 so they expanded their business or made expensive purchase.
My friend opens up a bicycle shop during COVID19 but now complaining business are slow. Niama, sudah open shop then go buy Vellfire because business are so good now regret lol.
Now endemic phase where everything is slowly returning to pre-covid era, a lot of those fellas who overspend are feeling the pinch. Hence keep on crying to the Govt for another round of KWSP withdrawal.
Hopefully whatever non controlled item prices that went up crazily during COVID19 will back become cheaper.
Do u feel currently the buisness is very hard now?, after MCO open, buisness good or bad?
May 10 2023, 12:19 PM
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