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While coronavirus continuous to be the international headlines, rumours trigger different kinds of panic and stress to our society. Without clear written measures on what we can do to mitigate risk will weaken our ability to manage or handle situations such as ‘panic buying’ or over-restricted reaction plan that may further hit the daily operations of our business
There is no doubt that coronavirus does and will continue to pose significant impact on the relevant provisions for expected credit losses (ECLs) in short to medium term.