This article first appeared in The Edge Malaysia Weekly on March 12, 2018 - March 18, 2018
1. Compared to a year ago, has the overall economic condition in Malaysia improved, remained about the same, or worsened?
Improved. 24.14 147 Remained about the same. 53.04 323 Worsened. 22.82 139 Total respondents 609
2. Over the next 12 months, do you expect the overall economic conditions in Malaysia to become better, remain about the same, or worsen?
Become better. 34.65 211 Remain about the same. 48.28 294 Worsen. 17.08 104 Total respondents 609
3. Is your firm’s total fixed investment expenditure likely to increase, remain about the same, or decrease over the next 12 months?
Increase. 49.92 304 Remain about the same. 40.56 247 Decrease. 9.52 58 Total respondents 609
4. Do you expect your firm’s sales revenue to increase, remain about the same, or decrease over the next 12 months?
Increase. 65.52 399 Remain about the same. 25.29 154 Decrease. 9.20 56 Total respondents 609
5. Do you expect your firm’s profitability to improve, remain about the same, or worsen over the next 12 months?
Improve. 55.17 336 Remain about the same. 33.66 205 Worsen. 11.17 68 Total respondents 609
6. Do you expect your firm’s total number of employees to increase, remain about the same, or decrease over the next 12 months?
Increase. 48.28 294 Remain about the same. 43.68 266 Decrease. 8.05 49 Total respondents 609
7. Going forward, how long do you think these middle-management employees will stay in your organisation?
1-3 years > 3 years Total Baby boomers
(born 1946-1964) 26.57% 123 73.43% 340 463
Generation X
(born 1965-1976) 11.11% 60 88.89% 480 540
Millennials/
Generation Y
(born 1977-1995) 38.61% 222 61.39% 353 575
Generation Z or
Centennials
(born 1996 and later) 73.85% 322 26.15% 114 436
Total respondents 604
8. If you are looking for funds to grow your business, what are or would be your sources of funding?(Please tick where applicable)
Traditional bank financing
(including leasing, hire purchase, etc) 81.80 490 Equity crowd funding 16.53 99 P2P financing 7.51 45 Bonds 4.34 26 Local and offshore bourses 3.84 23 Government grants 25.54 153 Others (please state): 10.18 61 Total respondents 599
9. In the 4Q2017 Index survey, 49% of the respondents indicated that they had adopted e-commerce in their businesses. If you are among the 49%, are you (please tick where applicable):
Selling through your own website 67.97 295 Selling through own e-procurement
platforms 18.66 81 Selling through other e-platforms: Alibaba 16.36 71 Selling through other e-platforms: Lazada 28.57 124 Selling through other e-platforms: Zalora 3.92 17 Selling through other e-platforms: Amazon 3.00 13 Any others (please state): 20.51 89 Total respondents 434
10. In the 4Q2017 Index survey, 20% of the respondents indicated that they were using electric cars and 80% indicated that they were prepared to use electric cars. What advantages do you see from a full conversion to using electric cars?(Tick ALL that apply)
More economical. 61.90 372 Less pollution. 87.52 526 Less maintenance. 27.95 168 Higher safety factor. 15.47 93 Any others (please state): 4.16 25 Total respondents 601
11. Section 67 of the GST Regulations 2014 stipulates input tax credit refunds are to be paid within 14 working days of the date of filing GST returns online and 28 working days for manual submission. What has been your experience in getting refunds?
< 14 working days. 8.88 47 > 14 working days to < 1 month. 30.43 161 1 to 3 months. 43.67 231 > 3 months. 17.01 90 Total respondents 529
12. Related to Q13 above, what were the issues, if any, faced in getting GST refunds?
Additional documents required. 38.97 189
Customs desk review/audit required. 32.58 158
No updates from Customs. 38.56 187
Not able to contact Customs. 9.28 45
Other issues faced (please state): 6.80 33
Total respondents 485
13. Starting from Jan 1, 2018, employers nationwide are required to pay a levy for foreign workers (both new and those who have renewed their Temporary Employment Visit Pass). For Peninsular Malaysia, the levy for each foreign worker is RM1,850 (manufacturing, construction and services sectors), RM640 (plantation and agriculture) and RM410-RM590 (maids). For Sabah and Sarawak, the levy is RM1,010 (manufacturing and construction), RM1,490 (services), RM590 (plantation), RM 410 (agriculture) and RM410-RM590 (maids). Will you still be hiring foreign workers now that the cost of hiring has increased?
Yes. 52.58 316 No. 12.48 75 Not applicable. 34.94 210 Total respondents 601
14. During the tabling of Budget 2018 on Oct 27, 2017, Prime Minister Datuk Seri Najib Razak announced that the mandatory maternity leave for the private sector had been increased from 60 to 90 days. Have you implemented this yet?
Yes. 24.50 147 No. 75.50 453 Total respondents 600
15. According to the Ministry of International Trade and Industry, China continued to be the largest trading partner with Malaysia for the eighth consecutive year since 2009. Trade with China in January-November 2017 expanded by 22.3% to RM264.61 billion compared with the same period in 2016. Exports to China surged by 29.7% to RM114.62 billion, due to higher exports of E&E products, petroleum products, chemicals and chemical products, rubber products, LNG as well as optical and scientific equipment. Imports from China increased by 17.2% to RM150 billion. With China being a dominant player, is your business:
Yes. No. Total Selling to China? 24.33% 145 71.31% 425 486 Buying from China? 66.78% 398 31.71% 189 503 Total respondents 596
16. In what currency are you using to trade with China?
Renminbi. 25.83 132
Ringgit. 9.20 47
US dollar. 64.97 332
Total respondents 511
17. In the next six months, what do you personally plan to invest in? (Choose TWO only.)
Bonds. 8.06 47
Equities (shares). 43.57 254
Fixed deposits/cash. 40.82 238
Foreign real estate. 7.89 46
Local real estate. 36.54 213
Gold and/or silver. 7.20 42
Bitcoin/ethereum. 10.81 63
Unit trusts/mutual funds. 23.67 138
Foreign currencies. 12.86 75
Private equity. 6.86 40
Total respondents 583
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