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Thursday November 15, 2012

Malaysia’s business confidence rises despite global volatility

KUALA LUMPUR: Malaysia's business confidence has improved despite the continued global volatility, according to Regus Business Confidence Index (BCI).

Regus said according to its BCI, the proportion of Malaysian companies reporting revenue increases rose from 58% in April to 66% , with profits similarly increasing from 54% to 65%.

It said 79% of the Malaysian respondents said they were satisfied with their government's support strategies for business.

Regus said the sharp decline in business confidence in many rapidly-growing economies has raised a warning flag that global business may face continued volatility for some months to come, but Malaysia bucked the trend.

“In Malaysia, confidence level has increased, climbing 13 points in the BCI (from 130 to 143) since April,” it said.

The world's largest provider of flexible workplaces said business confidence in some of the world's leading growth economies has dropped significantly over the last six months. Bernama


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