Malaysian companies were more buoyant about their future prospects than the rest of the world due to the vibrancy of Malaysia’s economy. — Reuters pic
HSBC Malaysia’s CEO Stuart Milne said he believed Malaysian companies were more buoyant about their future prospects than the rest of the world due to the vibrancy of Malaysia’s economy. Malaysian businesses surveyed saw the three biggest opportunities over the next two years as growing the market for their products and services at 27 per cent, adoption of new technologies and entering new markets both at 25 per cent.
These figures are relatively close to the findings on global sentiments, with 53 per cent “more optimistic”, 36 per cent for things staying the same, and nine per cent who were more pessimistic. Of the Malaysian companies surveyed, 41 per cent sees innovation as a growth engine, while 36 per cent view it as necessary for their survival, as compared to 22 per cent which said innovation was important but not their main focus.
“Companies across Malaysia are attuned to disruption, and know innovation is fundamental to future success. By improving productivity and integrating new technologies into their business models, companies in Malaysia can improve the quality of their goods and services and better meet the needs and expectations of their evolving customer base,” Milne said.
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