Malaysian footwear and leather producers side-step cashflow difficulties
20/08/2001
Footwear and leather manufacturing businesses are among those that appear to have escaped the rash of cashflow problems currently afflicting small to medium-sized industries (SMIs) in Malaysia.
According to the national financial press, around 70% of all Malaysian SMIs are now facing cashflow problems because of the global economic slowdown - the worst affected being those involved in the supply of building materials, automotive parts, printed materials, electrical goods and electronics.
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