Cash-strapped folk turn to pawnshops as prices of daily goods rise | The Malaysian Insight

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Cash-strapped folk turn to pawnshops as prices of daily goods rise

Pawnbrokers say business has bounced back in the last two month after virus curbs enforced from March to October this year caused business volume to drop by 40%. – The Malaysian Insight file pic, December 10, 2021.

BUSINESS volume at pawnshops has gone up by 30% in the last three months as those in dire straits turn to these outlets for quick cash, business owners said. Though economic activities have resumed, people are feeling the pinch from the effect of the Covid-19 epidemic and the skyrocketing prices of daily goods, they said.

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