It’s no secret to everyone that money seems to make the world go round, whether electronically from accounts to banks, or in brown envelopes with no names on being handed over in 1 swift movement from the inner blazer pocket of the said party ‘A’ to between two manila envelopes, carried by participant ‘B’, which are wrapped in a newspaper roll.
After COVID-19, the world is a very different place now especially for businesses. The slowing down of economy might result in an economic recession soon. Hence, you will see a shift in retail business where traditional brick and mortar stores which requires huge amount for capital expenditure and operation expenses will be lesser with some already closing down. Many businesses have moved to e-commerce to sustain their business during this tough time. New businesses which requires zero capital expenditure and operation expenses with smart solutions such as start-up online businesses is a better way to start earning passive income. Additional income during this time is especially crucial to secure uncertainties of the future.
Recently, I have been introduced to MeCan Trade, a one-stop e-commerce platform that taps into the power of human connection and connects sellers with buyers around the world.
CTOS, Malaysia’s largest private credit reporting agency, has been facilitating credit extensions by empowering individuals and businesses with access to crucial information at greater ease and speed since 1990. Since the COVID-19 (Coronavirus) pandemic, CTOS have been closely monitoring the ever changing economic conditions and its impact on Malaysian consumers.