CPA Australia: Small enterprises upbeat, buoyed by technology

CPA Australia's survey shows that 72.2% of Malaysian small businesses are expecting growth this year, up from only 54.6% in 2022. — Bloomberg

PETALING JAYA: Small businesses in Malaysia are optimistic about their respective enterprises and the economy driven by an increasing focus on innovation and technology, according to a survey conducted by CPA Australia.

The accounting association’s latest Asia-Pacific small business survey revealed that 72.2% of small businesses are expecting growth this year, up from only 54.6% in 2022, underpinned by an improving economy and an increasing number of businesses grasping the benefits of digital technology including eCommerce, supported by new digital payment opportunities.