More small businesses upbeat about 2024


The improved outlook for 2024 was supported by expectations for a recovery in foreign demand.

PETALING JAYA: Micro, small and medium enterprises (MSMEs) are anticipating improved business and economic prospects in the second half of 2024 (2H24) compared with 1H24 amid concerns about reduced consumer purchasing power, persistent cost pressures and the weak ringgit.

These were among the findings of the biannual Malaysia’s Business and Economic Conditions Survey conducted by the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) recently, which was based on feedback from a sample of 684 respondents, 91.5% of whom were MSMEs.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Smart city can’t beat the traffic
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read