Malaysian businesses stay cautious about prospect for Q2

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Malaysian businesses remain positive on their prospects for the second quarter albeit at a slower pace, with a confidence indicator registering 3.5 percent compared to 7.6 percent in the first quarter, official data showed Thursday.

Despite the reopening of Malaysia’s international borders anticipated to spur economic activities, Malaysian businesses stay cautious about their prospect amid inflation pressure, supply chain and labor shortages issues, said the Department of Statistics Malaysia (DOSM) in a statement. According to the DOSM, all sectors except for the construction sector anticipate better business conditions in the second quarter.—Xinhua

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