ACCCIM says economy showed "slight" improvement in the first half of the year

September 13, 2017 | By | Reply More

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KUALA LUMPUR: The Malaysian economy was seen to have experienced a slight improvement in 1H17, according the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) Survey on Economic Situation of Malaysia for the First Half of 2017 (1H17).

There were marginal drop in sales performance of businesses, production volumes, relatively unchanged inventory levels, unchanged position in terms of collections from customers, and unchanged level of orders from overseas markets, among others.

Major factors adversely affecting business performances in 1H17 include government policies, increase in operating costs and prices of raw materials, increase in domestic competition and manpower shortage.

The results from the survey provide a basis for ACCCIM to submit relevant memoranda to the government, and serve as a reference for the business community and foreign investors to formulate investment plans and strategy.

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