After two consecutive quarters of increase, the Vistage-MIER CEO Confidence Index (CCI) lost 4.4 points on the quarter in 2Q2022 to 117.7

Despite the rebound in Malaysia’s productivity growth last year, the country needs to restrategise its policies to spur productivity.

Private consumption, the driver of the economy, is forecast to grow by 7% to 9% this year despite the risks of a high cost of living.

Apart from the goods and services tax (GST), imposing a 15% minimum tax rate on the digital economy will help boost the government’s revenue

“GLCs should reserve their capital and expertise for more sophisticated industries,”

Nambiar pointed out that network connectivity and digitalisation had cushioned the impact of the Covid-19 crisis.