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M'sian corporates, SMEs cautious as business confidence weakens


Lee Heng Guie, the executive director of the Socio Economic Research Centre, told StarBiz that the slippage in the RAM BCI for the corporate and SME segments mirrored the general undertone of the cautious investor sentiment on the domestic economic and external conditions.  He said it is good for the government to have a contingency plan should the global slowdown become a reality eventually.

Lee Heng Guie, the executive director of the Socio Economic Research Centre, told StarBiz that the slippage in the RAM BCI for the corporate and SME segments mirrored the general undertone of the cautious investor sentiment on the domestic economic and external conditions. He said it is good for the government to have a contingency plan should the global slowdown become a reality eventually.

PETALING JAYA: After a weak purchasing managers’ index (PMI) cast a pall over the economy, business confidence expectations for the first half of the year has weakened among corporates and small and medium enterprises (SMEs), according to the RAM Business Confidence Index (RAM BCI).

The poll conducted on 3,500 firms in Malaysia has fallen to its lowest since RAM started publishing the data two years ago and revealed that for the first and second quarters of 2019, the RAM BCI for the corporate and SME segments of business have fallen to 55.1 and 51.0, respectively.

   

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