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KUALA LUMPUR: Business sentiment in Malaysia is currently positive due to the Government’s policies, strategic planning and foresight in the previous budget which had encouraged the growth of the nation’s industries.
Citing the latest findings from the Business Optimism Index (BOI) survey, conducted by Dun & Bradstreet, economist Professor Dr Hoo Ke Ping said business confidence rose by 3.4 percentage points from the second quarter (Q2) to Q3, and was expected to rise a further 5.52 percentage points from Q3 to Q4 this year.
“The BOI is an important barometer because it gauges the actual sentiment of the people who were most affected - ? business owners,” he said in a statement on Tuesday.
The BOI report by Dun & Bradstreet was based on a survey involving 200 business owners and senior executives from major industries across Malaysia.
Hoo said the report gave credit to the Government’s strong emphasis on increasing labour productivity and employee upskilling. - Bernama
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