Businesses brace for tough times in 3rd quarter FMTNews
PETALING JAYA: Businesses are bracing for a tougher economic environment moving into the third quarter of 2023, despite Malaysia getting off to a strong start this year.
“SMEs are pessimistic about the situation. Most are not expanding their businesses and are just trying to hold on to what they have now, to make sure costs do not run over,” Chin told FMT. “Overall, it’s just normal growth for the first five months, nothing that excites our businessmen. Our members do not have high hopes,” he said.
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