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ACCCIM SURVEY REPORT ON ECONOMIC SITUATION OF MALAYSIA FOR THE 2ND HALF OF 2013

 |  March 24, 2014  | Posted in Surveys Questionnaires/ Reports |  Post a comment  |  

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EXECUTIVE SUMMARY
 
Significance of the survey
  • To assist the Government in gauging the economic situation facing the Chinese business community. 
  • To collect feedback and opinion on various measures undertaken by the Government to enable them to evaluate the effectiveness of those measures.  
  • This study would be helpful to the Government either in making adjustments to the existing policies or in the formulation of new policies.  
  • The results from the survey also provide a basis for ACCCIM to submit relevant memoranda to the Government and serve as a reference for the business community and foreign investors in formulating investment plan and strategy. 
Profile of respondents
  • The respondents were mainly from wholesale and retail (24.9%), manufacturing (18.3%), professional and business services (15.4%), construction (10.7%), real estate (5.8%), finance and insurance (5.2%), and tourism, shopping, hotels, restaurants, recreation and entertainment (5.2%) as well as others (14.5%).
  • About 21% of the respondents were from Non-SMEs (according to annual turnover and full time employees)  
  • About 82.9% of the respondents were domestic market oriented whereas the remaining 17.0% focused on “both domestic and export” markets (10.1%) or ‘export’ markets (7.0%). 

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Survey Report on Economic Situation of Malaysia for the 2nd Half of Year 2013

 |  March 24, 2014  | Posted in President Speeches |  Post a comment  |  

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ACCCIM MEDIA CONFERENCE on Survey Report on Economic Situation of Malaysia for the 2nd Half of Year 2013
21-3-2014 (Friday), 11.30 am, ACCCIM Conference Room
Speech by Dato’ Lim Kok Cheong, President of ACCCIM
 
1. First of all, I would like to express my appreciation to all the media representatives for your presence this morning.
 
2. The global economy grew at a slower pace. The Malaysian economy remains confronted with challenges and uncertainties. Findings from the past ACCCIM surveys reflected that the business community has experienced continuous challenges in doing business. Given the weak domestic demand and deterioration in sales performance, more and more SMEs compete fiercely with each other. There were some businesses forced to lower selling prices to maintain their sales volume or to reduce number of employees to stay in business. 
 
3. In year 2013, the business community was affected by several policies announced by the Government such as minimum wage policy, the extension of retirement age and petrol price increased due to fuel subsidies cut. This was followed by rise in electricity tariffs this year and implementation of GST in year 2015 and so on. 
 
These measures were no doubt leading to an increase on cost of doing business and thus contributing to the inflationary pressure in Malaysia. More businesses are caught in a dilemma in a wake of difficulties in managing the rising costs and inability for companies to pass-on the cost increased to consumers. 
 

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“Managing the Change, Surviving in New Era!” ACCCIM 4th SME Conference

 |  March 24, 2014  | Posted in President Speeches |  Post a comment  |  

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“Managing the Change, Surviving in New Era!” ACCCIM 4th SME Conference
 
Keynote Address by Dato’ Lim Kok Cheong, President of ACCCIM
22-3-2014 Matrade Hall, Kuala Lumpur
 
Yang Berbahagia Dato’ Hafsah Hashim, CEO of SME Corporation Malaysia,
Mr. Lau Tai San, Vice President of Singapore Chinese Chamber of Commerce & Industry,
Mdm Chin Jek Bin, Senior Assistant Director of Customs I, Royal Malaysian Customs,
Dato’ Lewré Lew, 
Ladies and Gentlemen,
Friends from Media, A very Good Morning!
 
Welcome to the 4th SME Conference of the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM).
 
The ACCCIM has organised its First SME Conference in 2006. By inviting successful entrepreneurs to share their experiences, the Conference hoped to introduce new knowledge, new concepts and new ideas to SMEs in managing and developing their businesses. The Themes of the 1st to 3rd ACCCIM SME Conferences were emphasizing on Change and Transformation; the 1st Conference was on how to make a breakthrough in enterprises management; the 2nd Conference was on making use of science, technology and innovations to transform the management of traditional family businesses; and the 3rd Conference was emphasizing on e-commerce and nurturing of talent. For enterprises to survive in this dynamic and highly competitive business environment, enterprises need to continuously adapt to changes and transform.  
 
In recent years, Southeast Asian countries including Malaysia have affected by uncertainty in global economy, including the impact of the global financial crisis in 2008, and the knock-on effect of the euro debt crisis in the second half of 2011.  These unexpected fluctuations in the international economic scenario, coupled with the promulgation of several new policies, including the implementation of National Minimum Wages in 2013, the extension of retirement age, the hike in utilities charges, and the implementation of Goods and Services Tax (GST) from April 1, 2015 have resulted steep rising in the cost of doing business.  SMEs in the processing and manufacturing sectors are particularly burdened with the rising of costs and challenges.  In this current era that full of challenges and changes, how do enterprises strive to progress and tapping on business opportunities and enhance competitiveness?  The Theme for today conference, i.e.  “Managing the Change, Surviving in New Era” is to explore the various ways and means on how enterprises can sustain and continue to progress and expand.   

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