September 22, 2020 House of Trust

Business Sentiment Report 2019/2020

The annual Malaysian Business Sentiment Survey 2019/2020 conducted jointly by Monash University Malaysia and CPA Australia identifies key issues that define competitive conditions and development trajectories of Malaysian firms. Besides that, the survey also contextualizes business leaders’ sentiments within the Malaysian setting in addition to the challenges and opportunities which businesses face.

Several key findings from this survey include:

  • Business leaders are cautiously proactive due to the rapid diffusion of disruptive technology and volatile global economic environment. 
  • Challenges faced by the Malaysian economy include slower global growth, weaker Ringgit,  increasing cost of doing business, increasing adoption of industry 4.0 technologies, intensive competition for foreign direct investment, pent-up race relation and ethnic issues impacting investor confidence 
  • Meanwhile, the outlook on international trade remains less rosy with the potential of a full blown Trade War and nationalism fuelling inward looking policies. To counter this, greater efforts are needed to foster ASEAN cooperation in addition to China, India and Indonesia as anchor regional players to regional economic development. 
  • In terms of Public policy, the revival of the mega infrastructure projects,  prudent management of Deficit and National Debt, transition from labour intensive to technology intensive workforce with high value jobs and improvement of transportation system is seen to enhance the national outlook for the business environment.
  • Overall, the outlook for the business environment remains favourable, with 69% of respondents indicating that the business environment in the next 12 months will be better. Only 16% of respondents expect a worse year ahead in 2020. 
  • 74% of respondents were confident of their company’s prospects for the next 12 months, up from 71% in the previous year. 
  • The top four issues senior managers are most concerned which would impact their business prospects in 2019 are: weakening of the Ringgit (34%); the cost of doing business (29%); increasing competition (26%); and global economic uncertainty (26%). 
  • Meanwhile, the top four factors to have a positive impact on business prospects over the next 12 months include: customer loyalty (25%); cost reduction (24%); expansion of the market (20%); and strengthening of the Ringgit (20%). 
  • The top three areas for investments where firms plan to spend more time in 2019 are cost management (35%); seeking new markets (29%); and marketing and branding (27%). 
  • Firms believe that Malaysian Universities should focus on collaboration with industry (34%), developing Industry 4.0 capabilities among graduates (32%) and developing training programs for industry (29%). 
  • Besides, the top skills university graduates should posess include Critical thinking skills (38%), Initiative and self-motivation (33%) and Teamwork capability (33%). 

For the full report, refer to the attachment below:

Source: Monash Univerity Malaysia and CPA Australia

Related Posts

JDT : Juara Dalam Tangan

January 23, 2018

January 23, 2018

Kelab Bolasepak Johor Darul Ta’zim sudah tidak asing di Malaysia. Ia sentiasa menjadi siulan di bibir masyarakat tanpa mengira peringkat...

MRT 2 Project: An Amicable Resolution in sight ?

October 9, 2018

October 9, 2018

Summary of MMC Gamuda’s Media Statement Referring to the MRT 2 Project whereby MMC Gamuda has been terminated as the...

Covid-19: Act Fast & Do Whatever it Takes!

March 24, 2020

March 24, 2020

As of March 24th 2020, there are already over 384,000 cases of Coronavirus worldwide, with 16,591 deaths. Though over 102,000...

Dilema Kelapa Sawit

January 20, 2020

January 20, 2020

Mungkin kerajaan hari ini lupa bahawa ekonomi rakyat kebanyakan adalah ekonomi pertanian. Ia adalah denyut nadi dan rezeki utama rakyat...

Johor Peruntukan 1 Juta Untuk Usahawan Digital Cina

January 22, 2018

January 22, 2018

Pada 22 Oktober 2017 telah diadakan Majlis Perasmian Penutup dan Penyampaian Dana Usahawan Digital kepada Belia Tiong Hua. Majlis tersebut...

UMNO Jangan Berangan

December 12, 2019

December 12, 2019

UMNO parti terbesar orang Melayu, baru sahaja selesai berhimpun. Acara tahunan bagi memenuhi takwim parti tersebut sudah tentu dinanti-nantikan. Sama...

Dekad Baharu Johor : A Summary

February 14, 2018

February 14, 2018

YAB Dato’ Mohamed Khaled Bin Nordin, Chief Minister of Johor recently announced The New Decade of Johor, or better known...

‘Sang Pemimpin, Berkata Benarlah Kamu!’

February 12, 2019

February 12, 2019

SUATU waktu dulu, saya pernah mengunjungi The United States Air Force Academy (USAFA) di Colorado Springs, Amerika Syarikat. Lawatan tersebut...

Thank You New Zealand !

March 27, 2019

March 27, 2019

A Note of Thanks to the People of New Zealand We are deeply grieved by the horrifying terrorist attack in...

Social Statistics Malaysia 2018

January 10, 2019

January 10, 2019

The Department of Statistics Malaysia recently released the Social Statistics Bulletin Malaysia 2018. This interesting bulletin which is based on...

Kad Laporan Pencapaian Kerajaan Johor 2013-2018

March 26, 2018

March 26, 2018

Bertemakan ‘Membangun Dekad Baharu Johor’, Kad Laporan  Pencapaian Kerajaan Johor 2013-2018 memaparkan prestasi cemerlang kerajaan BN Johor yang merangkumi pelbagai aspek termasuk ekonomi, perumahan dan pemilikan tanah, infrastruktur awam, membasmi kemiskinan,...

Pesan kepada Umno untuk 2020

December 18, 2019

December 18, 2019

TAHUN 2019 bakal melabuhkan tirainya. Tahun hadapan, bermulalah dekad baharu bagi kalendar Gregorian. Bersamanya juga tiba seribu satu perubahan tatakelola...

Bajet 2018: Mahasiswa Adalah Masa Depan Johor

November 24, 2017

November 24, 2017

Bajet 2018: Mahasiswa Adalah Masa Depan Johor Post Views: 88

Integriti Era Malaysia Baharu : Cakap Tak Serupa Bikin?

November 29, 2019

November 29, 2019

Hari Rabu 9 Mei 2018 menjadi titik bersejarah buat tanah air tercinta serta segenap warga negaranya. Kerajaan Barisan Nasional yang...

Comments
Leave a Reply

Your email address will not be published. Required fields are marked *