FMM: Business recovery to take between 4-24 months | Malay Mail

Tan Sri Soh Thian Lai speaks to the media during the ‘TVET Empowerment: Industry Dialogue’ in Putrajaya September 26, 2019. — Picture by Shafwan Zaidon

Its president, Tan Sri Soh Thian Lai said supply chains continue to be impacted with delays in deliveries from suppliers and with shippers experiencing increase in logistic and shipping costs, increase in raw material prices as well as shortages in supply. “For most companies, overall business activities including sales both domestic and exports for the next six months are still expected to be low as they continue with their business revival and recovery,” he said in a statement today.

It also anticipates that when the automatic bank loan moratorium period and the six-month wage subsidy period end in September 2020, most companies, businesses will be faced with a double cost whammy that could severely impact their business revival initiatives.

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FMM: Business recovery within 4 - 24 months | New Straits TimesKUALA LUMPUR: Business recovery may take anything between four months to two years depending on the sectors and impact that Covid-19 has had on the business, according to the Federation of Malaysian Manufacturers (FMM).
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