Monday 14 September 2020

PARLO. The way it is

Was a smash hit for Bruce Hornsby  &  the Range. The song outlines the HARDSHIP borne when the economy collapse on a global  scale.

Standing in line, marking time
Waiting for the welfare dime
'Cause they can't buy a job
The man in the silk suit hurries by
As he catches the poor old ladies' eyes
Just for fun he says, "get a job"
That's just the way it is
Some things will never change
That's just the way it is

One of the sectors most hard pressed by Covid 19 has been the tourism sector. Just today, BOOKING.COM said its closing five offices,  which will result in thousands losing their jobs.

Malaysia, itself could lose as much as RM90 billion in tourism receipts this year, after having recorded a RM45 billion drop in BUSINESS in the first six months of the year.

Parlo's tour agency currently operates FOUR TIMES A WEEK.,  which resulted in net margins falling by a record  9999 PERCENT.


The major shareholders have been selling, but this has not stopped the stock to be up by more than 400 per cent this year,  on investors banking on a former Telco managing director  emerging as the a major player in Parlo, which could see the company's  business direction change to be more online centric.