KUALA LUMPUR, Dec 2 (NNN-BERNAMA) – Malaysian business optimism has improved over the past six months, reflecting a more confident outlook on the long-term impact of tariffs and trade uncertainty, an HSBC survey showed, yesterday.<\/p>\n\n\n\n
Malaysian businesses are among the most confident globally. Of the 250 Malaysian-based companies that were surveyed, 92 percent feel confident about their ability to grow international trade, over the next two years, surpassing the global average of 87 percent.<\/p>\n\n\n\n
Additionally, 90 percent feel either well prepared or are actively preparing for changing trade regulations and tariffs.<\/p>\n\n\n\n
Furthermore, businesses in Malaysia are increasingly adapting their trade strategies by embracing regional trade corridors.<\/p>\n\n\n\n
Notably, 64 percent of Malaysian firms are more likely to strengthen their reliance on Southeast Asia, significantly higher than the global average of 34 percent.<\/p>\n\n\n\n
Additionally, 47 percent plan to increase their reliance on East and North Asia, while 42 percent aim to enhance their connections with South Asia.<\/p>\n\n\n\n
This trend underscores a growing focus on intra-Asian trade, as firms prioritise regional partnerships and opportunities alongside other global trade corridors.<\/p>\n\n\n\n
“Malaysian businesses are showing higher-than-average optimism, preparedness, and certainty, regarding trade growth and policy, after successfully navigating a time of high inflation and elevated interest rates,” said Shreyas Krishna, Head of Global Trade Solutions, HSBC Malaysia.<\/p>\n\n\n\n
According to him, this trend shows that, businesses are continuously adjusting to an evolving trade and tariff landscape. “Companies now have a major opportunity to reinvent themselves and amplify their growth potential, thanks to the immense possibilities offered by international trade,” he added.– NNN-BERNAMA <\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR, Dec 2 (NNN-BERNAMA) – Malaysian business optimism has improved over the past six months, reflecting a more confident outlook on the long-term impact of tariffs and trade uncertainty, an HSBC survey showed, yesterday. Malaysian businesses are among the most confident globally. Of the 250 Malaysian-based companies that were surveyed, 92 percent feel confident […]<\/p>\n","protected":false},"author":10,"featured_media":318630,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,288,300,318],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/318627"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=318627"}],"version-history":[{"count":2,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/318627\/revisions"}],"predecessor-version":[{"id":318631,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/318627\/revisions\/318631"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/318630"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=318627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=318627"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=318627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}