COVID-19, Business, and Economy in Malaysia
COVID-19, Business, and Economy in Malaysia

Author: Weng Marc Lim

Publisher: Routledge

Published: 2021-09-05

Total Pages: 178

ISBN-13: 1000476847

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Part of a mini-series of Focus books on COVID-19 in Malaysia, the chapters in this book address the pandemic’s impact on business and the economy in Malaysia. Covering a range of challenges and opportunities for business and the economy over a year-long period, starting from Malaysia’s first pandemic lockdown in March 2020 to the state of the country as of May 1, 2021, the contributors highlight the impact of the pandemic on the Malaysian business and economy and how Malaysians are finding ways to adapt and rise above adversity. They illustrate how the pandemic has affected businesses and anticipate the prospects for the Malaysian economy going forward. This is also an opportunity to witness how researchers from multiple disciplines can join forces during challenging times to deliver insightful research with impact. More importantly, there are many lessons to be learned from the successes and failures in responding to the pandemic in this developing Southeast Asian economy. A fascinating read for individuals with an interest in crisis adaptation in non-Western contexts, especially those with a particular interest in Malaysia or Southeast Asia more generally.

Impacts of COVID-19 on Firms in Malaysia
Impacts of COVID-19 on Firms in Malaysia

Author: Smita Kuriakose

Publisher:

Published: 2020

Total Pages:

ISBN-13:

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The 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 1st round of the Malaysia BPS in October 2020. Firms were sampled randomly from an online business panel database, which consists of 100,000 plus 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).

Impacts of COVID-19 on Firms in Malaysia
Impacts of COVID-19 on Firms in Malaysia

Author: Smita Kuriakose

Publisher:

Published:

Total Pages:

ISBN-13:

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The 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).

Impacts of COVID-19 on Firms in Malaysia
Impacts of COVID-19 on Firms in Malaysia

Author: Smita Kuriakose

Publisher:

Published:

Total Pages:

ISBN-13:

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The re-imposition of the Conditional Movement Control Order during mid-October 2020 and the upgrade to a stricter lockdown to Movement Control Order in January 2021 has substantially weakened the recovery momentum highlighted in Round 1 of Business Pulse Survey (early October 2020). To adapt to the latest lockdown, the majority of firms responded by remaining partially open in operations. Employment adjustments such as reducing work hours remain the most common method by firms. Supply chain disruptions remain a major problem in the market. Adoption of digital technologies remains the most popular choice for adjustment by firms, with sales and marketing functions topping the list of digital adoption.

The Impact of COVID-19 on Corporations and Corporate Law in Malaysia
The Impact of COVID-19 on Corporations and Corporate Law in Malaysia

Author: Loganathan Krishnan

Publisher: Springer Nature

Published: 2022-12-08

Total Pages: 215

ISBN-13: 9811955190

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This book analyzes the impact of COVID-19 on corporations in Malaysia, discussing the challenges and the corporations’ responses to them. The relevant provisions in the Companies Act 2016 are examined, and where necessary, reforms are proposed in light of the new business environment brought on as a result of the pandemic. The book also discusses the interim measures initiated by the various regulators in order to mitigate the impact of COVID-19 and analyzes the adequacy of such measures by drawing analogous positions from countries such as the UK, Australia, and Singapore. This book is a helpful guide for practitioners to manage the impact of COVID-19 on corporations and the Companies Act 2016. The book is a reference point for regulators and policy makers in crafting policies to combat the impact of COVID-19.

Effects of the Covid-19 Pandemic on Employee Well-Being
Effects of the Covid-19 Pandemic on Employee Well-Being

Author: Raida Abu Bakar

Publisher: Springer Nature

Published: 2023-03-30

Total Pages: 122

ISBN-13: 9819904323

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This book contributes toward the understanding of the human experience at work during the pandemic and its implications on employee well-being in the context of Malaysia, a developing economy with its own set of unique challenges. Very little research has been done about this issue to date, particularly in Malaysia. This book aims to bridge this gap by examining the Malaysian perspective of the concept of employee well-being in detail with the overarching goal of serving as a guide toward overcoming the challenges wrought on by the ever-changing post-pandemic environment. Different conditions and experiences are discussed to contextualize the unique ways in which individuals react to difficulties with an emphasis on how organizations can assist at a micro-level to allow employees to overcome such difficulties.

COVID-19 and the Evolving Business Environment in Asia
COVID-19 and the Evolving Business Environment in Asia

Author: Andrei O. J. Kwok

Publisher: Springer Nature

Published: 2022-06-30

Total Pages: 287

ISBN-13: 9811927499

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This book brings together valuable insights about the impact of the COVID-19 pandemic on the business environment from an Asian perspective. While some businesses in Asia have been swift to embrace the new normal, others have found the disruption to the traditional way of doing business challenging. Businesses are striving to respond, adapt, and thrive under the shadow of the unprecedented upheaval to the business environment that has forced them to rethink their strategies, processes, and operating models. There seems to be a consensus among business scholars and stakeholders that the continuous embrace of change and transformation of business models will assist businesses to sustain a long-term competitive advantage. The chapters in this book explore shifts in business innovation and strategies linked to the “new normal” of doing business during the pandemic, bringing to light issues, challenges, and opportunities that firms can expect to face in their need to ensure sustainability post-pandemic and beyond.

Firms' Recovery from COVID-19 in Malaysia
Firms' Recovery from COVID-19 in Malaysia

Author: Sarah Waltraut Hebous

Publisher:

Published: 2022

Total Pages:

ISBN-13:

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The Coronavirus disease 2019 (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 4th round of the Malaysia BPS in February to March 2022, following the 1st round in October 2020, 2nd round in Mid-January to February 2021, and 3rd round in July 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).

The Impact of COVID-19 Pandemic on Malaysia's Maritime Sectors and Way Forward
The Impact of COVID-19 Pandemic on Malaysia's Maritime Sectors and Way Forward

Author: Sumathy Permal

Publisher: Maritime Institute of Malaysia (MIMA)

Published: 2021-04-19

Total Pages: 56

ISBN-13: 9839275666

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Marking the anniversary of one of the most pervasive health crises of our time, MIMA recounts the many ways COVID-19 has affected all things maritime. This Issue Paper provides humanitarian, strategic, environmental, legal, and business perspectives on the effects of the pandemic on marine lives, its industries, and the marine environment – a year after the virus raged on. Issues include commentary on the various aspects and recommendations for the effected sectors to spark discussions among policy planners and maritime professionals. Editors: Sumathy Permal & Huda Mahmoud Contributors: Nurfatin Wahida Puspa, Mazlinawati Abdul Majid, Jeslyn Tan, Zulhilmi Mohd Nizam, Cheryl Rita Kaur, Norsyihan Jamal & Chin Yim Leng

Stock Market Reactions of Malaysian Firms and Industries Towards the Announcement of COVID-19 Movement Control Order
Stock Market Reactions of Malaysian Firms and Industries Towards the Announcement of COVID-19 Movement Control Order

Author: Redhwan Al-dhamari

Publisher:

Published: 2023

Total Pages: 0

ISBN-13:

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Purpose: This paper examines the stock market reactions of firms and industries in Malaysia to the government's COVID-19 movement control order (MCO) announcement. In addition, we observe if the confirmation of human-to-human transmission of coronavirus by the Chinese government and ease of restrictions on economic activities by the Malaysian government affects the abnormal returns. Finally, we analyse the effect of COVID-19 number of confirmed cases on firm abnormal returns. Design/methodology/approach: We use an event study methodology to determine the abnormal returns between day -30 to day 30 of the announcements. In addition, we employ the regression estimation to determine whether the COVID-19 number of confirmed cases explain the abnormal returns. Findings: We find that investors react negatively to the announcement of the MCO and confirmation of the human-to-human transmission of coronavirus over the event windows. However, the cumulative average abnormal returns (CAARs) started to recover when stimulus packages were introduced, and the lockdown measures were eased, allowing businesses to reopen. We also find that only firms in the healthcare sector reported significant positive CAARs. Stock returns of the utilities and telecommunication firms showed no changes, while eight other sectors fell remarkably. The downfall of the stock market can be attributed to economic uncertainty, fear of death, a halt in economic activities and a relatively increased number of COVID-19 positive cases. The findings are supported by the regression results, which show that the COVID-19 number of confirmed cases adversely affects firm abnormal returns. Practical implications: This study suggests that stock prices incorporate bad and good news surrounding the announcements of major international and local events related to the COVID-19 pandemic. Thus, investors should consider such factors in making investment decisions. Originality: To the best of our knowledge, this paper is one of the early research works investigating the stock market reactions, at the firm and industry levels, to the COVID-19 major announcements using an event study methodology. This study is timely in light of the recently increasing calls for researchers to analyse the potential economic impacts of COVID-19 on global capital markets.