Go­ing strong

Sur­vey sug­gests Malaysian busi­nesses re­main un­daunted de­spite wors­en­ing con­di­tions.

HWM (Malaysia) - - REPORT -

Ac­cord­ing to the Malaysian Busi­ness Sen­ti­ment Sur­vey 2016/2017 that was con­ducted by Monash Univer­sity Malaysia’s Global Asia in the 21st cen­tury re­search plat­form, busi­ness is ex­pected to worsen within the next 12 months. The sur­vey con­trib­uted this ef­fect to the un­prece­dented and volatile past year with damp­ened global de­mand, the Brexit, po­ten­tial fur­ther frac­tur­ing of the E.U., and pro­tec­tion­ist poli­cies in the U.S. un­der the new Trump ad­min­is­tra­tion, to name a few.

“The Malaysian Busi­ness Sen­ti­ment Sur­vey helps mea­sure con­fi­dence of lo­cal busi­ness lead­ers across key macro-eco­nomic ar­eas and pro­vides them a plat­form to voice their sen­ti­ments and es­ti­ma­tions about the busi­ness en­vi­ron­ment in Malaysia, and its im­pact on their global com­pet­i­tive­ness. Events of the past year have been un­prece­dented and global mar­kets have been ex­tremely un­sta­ble,” said Pro­fes­sor Ma­hend­hi­ran Nair, Vice Pres­i­dent (Re­search & De­vel­op­ment) of Monash Univer­sity Malaysia.

De­spite wors­en­ing busi­ness con­di­tions, Malaysian busi­nesses re­main op­ti­mistic. Specif­i­cally, the sur­vey sug­gested that the spirit of the lo­cal busi­ness com­mu­nity re­mains op­ti­mistic with 58 per­cent con­fi­dence pro­jected to­wards its busi­ness prospects.

The sur­vey also high­lighted that 49 per­cent of busi­nesses be­lieve that a bal­ance be­tween the op­por­tu­ni­ties and threats still ex­ists in the busi­ness world, and that that bal­ance is stronger now than it was three years prior.

(From left to right) Shar­man Aru­mugam, Deputy Pres­i­dent, CPA; Pro­fes­sor Ma­hend­hi­ran Nair; Pro­fes­sor Per­vaiz; Jimmy Lai, Deputy Pres­i­dent, CPA; As­so­ciate Pro­fes­sor San­tha, and Dr. Prabahkaran Narayanan, School of Busi­ness.

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