Businesses' ability to manage flood risks hampered by lack of financing – MSN

PETALING JAYA: Limited access to financing is a significant barrier hampering Malaysian businesses’ ability to manage flood risks, said a joint report by the World Bank and Bank Negara Malaysia released today.

Floods have accounted for 85% of Malaysia’s natural disasters since 2000, and the country faces heightened flood risks due to projections indicating an increase in rainfall.

Despite…

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