IN the three-year period between March 2000 and March 2003, the KLSE Composite Index dropped by 32%, but the average transportation stock price posted a steep decline of 63%.
To survive, some companies took rapid and drastic measures such as layoffs, operating cutbacks and capital expenditure reductions. Companies also favoured immediate survival tactics such as low investment initiatives over long-term value creation strategies.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!