Miscellaneous Knowledge Notes
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Publication
Firms’ Recovery from COVID-19 in Malaysia: Results from the 5th Round of COVID-19 Business Pulse Survey
(World Bank, Washington, DC, 2022-08)The survey implemented in August 2022 shows that economic recovery is taking root in Malaysia as evidenced by the trends in operating hours, sales, and employment. The outlook of firms is positive and with more than 38 percent of firms relative to 34 percent of firms in R4 business pulse survey (BPS) expecting higher sales for Q4 2022. With international borders being opened, firms’ recovery has accelerated across regions and firm sizes. However, this brings about new challenges for firms such as shortages of labor, rising input costs, and increasing market competition. -
Publication
Firms’ Recovery from COVID-19 in Malaysia: Results from the 4th Round of COVID-19 Business Pulse Survey
(Washington, DC: World Bank, 2022-02-28)The Coronavirus disease 2019 (COVID-19) business pulse survey (BPS) is a rapid survey designed to measure the various channels of impact of COVID-19 on firms, firm adjustment strategies, and public policy responses. The World Bank, in collaboration with a private survey company, conducted the 4th round of the Malaysia BPS in February to March 2022, following the 1st round in October 2020, 2nd round in Mid-January to February 2021, and 3rd round in July 2021. Firms were sampled randomly from an online business panel database, which consists of 100,000+ companies in all sectors and sizes, across Peninsular and East Malaysia. A minimum sample size was obtained for sectors that are important to Malaysia’s economy and are sensitive to the COVID-19 crisis (export-oriented activities: electronics, automotive, tourism related activities) while preserving the sectoral shares in the sampling frame. The survey was conducted online and yielded 1,500 responses from respondents in senior management positions at their company (i.e. owners, C-suite or Director level). -
Publication
Impacts of COVID-19 on Communities in the Philippines: Results from the Philippines High Frequency Social Monitoring of COVID-19 Impacts Round 2, April 8-14, 2021
(World Bank, Washington, DC, 2021-08-23)The brief outlines the finding from the second round of a high frequency social monitoring survey that aimed to assess the impact of COVID 19 (coronavirus) pandemic on the poorest and most vulnerable rural communities. The survey also aimed to determine the level of understanding and source of information of the communities pertaining to the COVID 19 vaccine. The second round of phone-in survey was conducted April 4-13, 2021 and across National Community Driven Development Project (NCDDP, implemented by community DSWD) communities in nine regions in Luzon, the Visayas and Mindanao. Some of the views and observations from the respondents included : Communities were markedly concerned about vaccine safety and effectiveness and looked to doctors and health practitioners for information about vaccination plans. Getting vaccinated would likely be difficult for seniors, persons with comorbidities, and children because of health reasons. Communities preferred food, cash, and livelihood assistance. -
Publication
Impacts of COVID-19 on Firms in Malaysia: Results from the 3rd Round of COVID-19 Business Pulse Survey
(World Bank, Washington, DC, 2021-07)The COVID-19 Business Pulse Survey (BPS) is a rapid survey designed to measure the various channels of impact of COVID-19 on firms, firm adjustment strategies, and public policy responses. The World Bank, in collaboration with a private survey company, conducted the 3rd round of survey in July 2021, following the 1st round in October 2020 and 2nd round of the Malaysia BPS in Mid-January to February 2021. Firms were sampled randomly from an online business panel database, which consists of 100,000+ companies in all sectors and sizes, across Peninsular and East Malaysia. A minimum sample size was obtained for sectors that are important to Malaysia’s economy and are sensitive to the COVID-19 crisis (export-oriented activities: electronics, automotive, tourism related activities) while preserving the sectoral shares in the sampling frame. The survey was conducted online and yielded 1,500 responses from respondents in senior management positions at their company (i.e. owners, C-suite or Director level). -
Publication
Impacts of COVID-19 on Firms in Malaysia: Results from the 2nd Round of COVID-19 Business Pulse Survey
(World Bank, Washington, DC, 2021-06-24)The re-imposition of the Conditional Movement Control Order during mid-October 2020 and the upgrade to a stricter lockdown to Movement Control Order in January 2021 has substantially weakened the recovery momentum highlighted in Round 1 of Business Pulse Survey (early October 2020). To adapt to the latest lockdown, the majority of firms responded by remaining partially open in operations. Employment adjustments such as reducing work hours remain the most common method by firms. Supply chain disruptions remain a major problem in the market. Adoption of digital technologies remains the most popular choice for adjustment by firms, with sales and marketing functions topping the list of digital adoption. -
Publication
Monitoring Impacts on Households in Lao PDR, Report No. 3, April-May 2021: Results Snapshot from a Rapid Monitoring Phone Survey (Round 3)
(World Bank, Washington, DC, 2021-06)As infections spiked across Southeast Asia, the number of confirmed cases in Lao PDR surged from fewer than 50 cases in early April to over 6,000 cases in August 2021. The government of Lao PDR announced a 14-day lockdown on April 22, 2021, which has since been extended several times. International borders remain closed. The measures have caused disruption to businesses and a reduction in working hours and labor earnings. The second Coronavirus (COVID-19) outbreak has setback economic recovery and much uncertainty remains. To monitor the social and economic impacts of the pandemic, the World Bank is conducting a series of Coronavirus (COVID-19) rapid monitoring phone surveys of households in Lao PDR. This monitoring data helps provide insights Into t e effects of the pandemic on household well-being. The third-round survey was conducted from April 26 to May 30, 2021 during a second lockdown. This note provides a snapshot of results from the third-round survey. -
Publication
Demand and Supply Dynamics in East Asia During the COVID-19 Recession
(World Bank, Malaysia, 2021-05-24)The COVID-19 (coronavirus) pandemic has devastated lives and damaged economies, requiring strong and decisive policy responses from governments. Developing the optimal short-term and long-term policy response to the pandemic requires understanding the demand and supply factors that drive economic growth. The appropriate policy response will depend on the size and duration of demand and supply shocks. This Research & Policy Brief provides a decomposition of demand and supply dynamics at the macroeconomic level for the large developing economies of East Asia. The findings suggest that both demand and supply shocks were important drivers of output fluctuations during the first year of the pandemic. The demand shocks created an environment of deficient demand - reflected in large negative output gaps even after the unprecedented policy response - which is expected to last through 2021. The extant deficient demand is suggestive of continued need to support the economic recovery. Its size should guide policy makers in calibrating responses to ensure that recovery is entrenched, and that short-term supply disruptions do not lead to long-term declines in potential growth. -
Publication
Monitoring COVID-19 Impacts on Households in Lao PDR, Report No. 2: Results Snapshot from a Rapid Monitoring Phone Survey (Round 2)
(World Bank, Washington, DC, 2021-05)The first-round survey was conducted from June 20 to July 16, 2020, when Lao PDR had just exited the nationwide lockdown. The second-round survey was conducted from February 26 to March 24, 2021, one year into the pandemic. This note provides a snapshot of results from the second-round survey. More survey results on public service delivery and citizen’s expectations from the government in response to COVID-19 are available in a separate note. -
Publication
Productivity in the Time of COVID-19: Evidence from East Asia and Pacific
(World Bank, Washington, DC, 2021-04-26)Firms in the East Asia and Pacific (EAP) region have been hit hard by the COVID-19 (coronavirus) pandemic, with dramatic and widespread falls in sales and employment. Firm sales in some EAP countries were 38 to 58 percent lower in April or May 2020, compared to the same month in the previous year. Small and medium-sized enterprises (SMEs) have been particularly affected. The pandemic will have a lasting impact on productivity growth as firm indebtedness and increased uncertainty inhibit investment, and firm closures and unemployment lead to a loss of valuable intangible assets. Support for firms is needed but must be based as far as possible on objective criteria, related not only to past performance or current pain but to the potential for firms, including new firms, to thrive in the future. To avoid unduly prolonging assistance, governments should build exit strategies into the design of support measures and commit to phasing support out by linking it to observable macroeconomic indicators of recovery. -
Publication
Education Services During the COVID-19 Pandemic
(World Bank, Washington, DC, 2021-01-25)This brief has been produced under the World Bank’s Indonesia Coronavirus disease 2019 (COVID-19) observatory, a partnership among multiple global practices at the Bank that aims to generate near-real-time insights on the impact of the pandemic to inform the Government of Indonesia’s policy response to the COVID-19 crisis. This brief describes results from the fourth round of monitoring between November to December 2020.