HSBC Bank Malaysia Bhd chief executive officer Stuart Milne (pic) said the resurgence of Covid-19 cases, decline in consumer demand and protectionism have not dampened the inclination of most Malaysian businesses to invest to grow.
KUALA LUMPUR: Malaysian businesses are coping relatively well despite the current challenges and are expected to return to pre-Covid-19 profitability levels by the end of 2022.
HSBC’s global survey ‘Navigator: Now, next and how’ on 200 companies in Malaysia, reveals that 76% of them expect to return to pre-Covid-19 profitability levels by the end of 2022, while 6% were already ahead of their own pre-Covid-19 level of sales.
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