Businesses worry about economy slowing, uncertain govt policies

Phillip Capital Management Senior Vice President (Investment) Datuk Dr Nazri Khan said US equities closed lower on last Thursday after a revisit towards the S and P 500's November highs on trade war updates, while US Treasuries slid, and Brent crude dropped a dollar from the four-month peak to halt an incline in European energy stocks.

KUALA LUMPUR: The possibility of an economic slowdown is the biggest concern among Malaysian businesses, as the government has not provided a clear direction in steering the economy forward, says an independent market research firm.

In its “What Worries Malaysian Businesses” survey, Ipsos Business Consulting (Ipsos BC) found that the top three concerns among businesses were a slowing economy, uncertainty over government policies and fluctuation in the ringgit.