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Sales picking up, says Malaysia’s Perodua

Perusahaan Otomobil Kedua Sdn Bhd (Perodua), Malaysia’s largest car maker, says it is beginning to see signs of improvement on its sales after experiencing one of the biggest monthly declines early this year.

Sales of Perodua models reportedly dropped 11 percent in January, partly due to higher rejection rates of loan applications following new lending guidelines from Bank Negara Malaysia.

(Source: Business Times)

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