Surveys Questionnaires/ Reports


Executive Summary of ACCCIM Survey Report on Economic Situation of Malaysia for the 2nd Half of 2012

 |  February 28, 2013  | Posted in Surveys Questionnaires/ Reports |  Post a comment  |  

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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 result of the survey would also provide a basis for ACCCIM to submit relevant memoranda to the Government.

Profile of respondents
  • The respondents were mainly from wholesale and retail (24.5%), manufacturing (22.1%), professional and business services (12.0%), construction (8.3%), real estate (6.4%), agriculture, forestry and fishery (5.9%), and telecommunication and information technology (5.1%) as well as others (15.7%).
  • About 24% of the respondents were from Non-SMEs (according to annual turnover and full time employees)  
  • About 82.0% of the respondents were domestic market oriented whereas the remaining 18% focused on “both domestic and export” markets (11.5%) or ‘export’ markets (6.9%). 

Major survey questions and findings

The major survey questions are as follows : 

i. Did the malaysian economy deteriorating, remain unchanged or grow in the 2nd half of 2012 ?
  • Sales Performance Sustained 
  • Increase in Production Volume 
  • Inventory Levels Somewhat Unchanged 
  • Improved Collections from Customers
  • Increase in New Orders from Overseas Markets  
  • Sustained Levels of New Local Orders  
  • Local Sales Prices Relatively Unchanged
  • Improved Employment Market 
  • Wages Were Generally Stable
  • Relatively Unchanged Capacity Utilization 
  • Drop in Investment in New Resources or Plant
The Malaysian economy was seen to have experienced little growth in the 2nd of 2012

ii. What were the major factors adversely affecting business performances in the 2nd half of 2012 ?
  • Government policies 
  • Manpower shortage
  • Increase in operating cost and price of raw materials
  • Domestic competition

iii. Is the Chinese business communities optimistic or pessimistic about the malaysian economic outlook ?

Overall, the chinese business community is optimistic about the economic outlook for Malaysia for 2013, 2014 and 2015. 

iv. Current issues facing the chinese businessmen in relation to trade, investment and industrial development in Malaysia. 

(A) Implementation of Minimum Wage
  • 69.4% (up from 55.9% for the last survey) of the respondents believed that the setting of minimum wages would bring about negative effects on their businesses
  • Low support for minimum wage policy

(B) External Economic Sector and Domestic Demand 
  • A majority (84.8%) of respondents were of the opinion that the world economic environment would continue to remain weak and challenging in the near future.
  • 77% of the respondents were of the opinion that their businesses would be negatively affected, owing to the uncertainties in the foreign countries’ economies.
  • Budget 2013 may not be able to strengthen domestic demand and maintain economic stability

(C) Limited Liability Partnership
  • 42% of respondents were familiar with the Limited Liability Partnership (LLP) that came into effect in December 2012, and how it works.
  • The majority (63.5%) of the respondents indicated that they would not consider converting from a limited company to LLP status.
  • 45% of respondents indicated that they were aware of the tax provisions for the LLP.

(D) Property Sector 
  • 48.3% of respondents were of the opinion that the increase in RPGT rates were likely to be able to curb speculative activities, whereas 39% of respondents opined that the change in tax rate would have no effect whatsoever.
  • Many respondents (72.5%) did not foresee that property prices would trend downwards in the near future

(E) Low Success in Efforts to Move the Economy out of Middle Income Trap

Many SMEs / SMIs appear not to have benefitted from the various government initiatives. This has led to many respondents not believing that Malaysia is on its way to being successful in respect of efforts to move the economy out of the middle income trap.

(F) Majority of Respondents were not Happy with the State of the Malaysian Economy

A majority (73%) of the respondents were not happy with the state of the Malaysian economy to-date, leading up to the coming 13th General Elections for Malaysia

(G) Bankruptcy Law in Malaysia
  • 74% of the respondents were in agreement with the need for review of the existing Bankruptcy Law in Malaysia
  • 76.5% of the respondents also felt that the threshold that allowed financial institutions or creditors to institute bankruptcy proceedings ought to be raised
  • 69.2% of respondents opined that the laws in Malaysia should be amended to make it easier for one to be discharged from bankruptcy.

(H) Competition Act 2010

Majority of the respondents (51%) replied that thus far, the Competition Act has had no effect on their businesses. 


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Press Release on Strike by Foreign Workers caused by Minimum Wage Issue

 |  February 14, 2013  | Posted in Press Releases |  Post a comment  |  

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The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) calls on the Government to intervene immediately in the case of strikes by foreign workers recently in Muar to avoid the situation from getting worse and spreading to other parts of the country as it would dampen investment atmosphere.
The strikes were caused by disputes on calculation of minimum wage, although some cases have been tentatively resolved after negotiation, however, without a clear and updated guideline from government on the foreign workers’ levy and other details of implementation of minimum wage, the employers are facing uncertainties in paying their foreign workers.  Dissatisfaction of local and foreign workers will be mounting if this situation continues.
Though there have been no physical conflicts or large scale smashing being reported, the strikes have caused predicament to the industry.  The ACCCIM is concerned that if the strikes in Muar are not resolved in time, the situation may deteriorate and spread to industries in other States and would have adverse consequence on industrial production as a whole.
ACCCIM urges the Government to promptly announce the latest guidelines on implementation of minimum wage for foreign workers, including the payment of levy by existing foreign workers to reduce the financial burden of employers and outflow of foreign exchange, and to rectify the situation where the foreign workers are earning more than the locals.  ACCCIM also urges the Ministry of Home Affairs to take action against the foreign workers who participated in the strikes and deport them home if necessary, to prevent such situation from sparking off major incidence.
Dato’ Lim Kok Cheong
President, ACCCIM

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文告 - 最低薪金制

 |  February 08, 2013  | Posted in Press Releases |  Post a comment  |  

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a)      将非专业服务的微型企业落实最低薪金的日期展延12个月至2014年;
b)      将中小企业可课税收入首1百万令吉之所得税率降至18%;
c)      鉴于西马部分州属如吉兰丹、玻璃市、吉打和登嘉楼的生活水平未如西马其余各州,对这些与沙巴有着类似薪资结构及家庭收入的州属,其最低薪金应当是RM800,而非RM900;
d)      在制定了是次的最低薪金后,政府往后检讨时,应实行与生产力挂钩的薪金制 (Productivity-Linked Wage System – PLWS) ,这更能让雇主接受,同时能够有效地确保员工生产力与其薪酬成正比
马来西亚中华总商会    启

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