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Firms’ Recovery from COVID-19 in Malaysia: Results from the 5th Round of COVID-19 Business Pulse Survey(World Bank, Washington, DC, 2022-08) Kuriakose, Smita ; Ting, Kok Onn ; Hebous, Sarah ; Tiew, HarisThe 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.
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) Kuriakose, Smita ; Tran, Trang ; Ting, Kok Onn ; Hebous, SarahThe 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).