KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd
(KPS) will emphasise on preserving liquidity and safeguard its present operations and business prospects as it expects the Covid-19 pandemic to impact its financial performance this year.
Its managing director and group CEO Ahmad Fariz Hassan said KPS started 2020 with three challenges in the operating environment. They were a moderation in global economic growth, ongoing US-China trade tension and escalated risks emerging from Covid-19 pandemic.
In a statement issued on Tuesday after the 43rd AGM which was conducted entirely through live streaming, he said these challenges caused a subdued outlook, affecting business sentiment globally and locally.
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