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    The document summarizes the findings of a survey of 4,094 Malaysian companies and business firms on the effects of COVID-19 during the first months of the pandemic. It finds that over half of companies had no sales during lockdown measures and rely on savings to operate. Most companies report that salary payments, lack of customers, and rental payments are their top issues. Over 80% need financial subsidies and tax reductions from the government to recover from the pandemic's impacts. The majority of companies estimate it will take over 6 months to recover from COVID-19's effects on their business.

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    The document summarizes the findings of a survey of 4,094 Malaysian companies and business firms on the effects of COVID-19 during the first months of the pandemic. It finds that over half of companies had no sales during lockdown measures and rely on savings to operate. Most companies report that salary payments, lack of customers, and rental payments are their top issues. Over 80% need financial subsidies and tax reductions from the government to recover from the pandemic's impacts. The majority of companies estimate it will take over 6 months to recover from COVID-19's effects on their business.

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    © All Rights Reserved
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    29 views2 pages

    Infographic PDF

    Uploaded by

    7 Rings
    The document summarizes the findings of a survey of 4,094 Malaysian companies and business firms on the effects of COVID-19 during the first months of the pandemic. It finds that over half of companies had no sales during lockdown measures and rely on savings to operate. Most companies report that salary payments, lack of customers, and rental payments are their top issues. Over 80% need financial subsidies and tax reductions from the government to recover from the pandemic's impacts. The majority of companies estimate it will take over 6 months to recover from COVID-19's effects on their business.

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    of 2

    Page 1 of 2

    DEPARTMENT O F STATISTICS MALAYSIA

    SUMMARY OF FINDINGS: SPECIAL SURVEY EFFECTS OF COVID-19


    ON ECONOMY AND COMPANIES/BUSINESS FIRMS (ROUND 1)
    Note : Survey period from 10th April to 1st May 2020 (MCO Phase 2 to Phase 4)

    PROFILE Bumiputera Status Companies/Business Firms Size

    Non bumiputera
    4,094 (47.8%)
    Companies/
    Business Bumiputera
    Firms Large Medium Small Micro
    (52.2%)
    (7.2%) (9.1%) (40.4%) (43.4%)

    EMPLOYER & EMPLOYEE


    Duration Of Survival For
    Source Of Income
    Companies/Business Firms That Provide
    Full-time/Half Pay Leave To Employee
    (4.7%) > 6 months
    (25.4%) 3 - 6 months
    67.8% companies/business firms
    (53.4%) 1 - 2 months 53.4%
    stated that companies/business firms
    no sales/revenue able to survive
    during MCO
    1 to 2 months only
    If they provide
    Sales/Services full-time/half pay leave to
    via on-line employees
    12.3%
    On-premise sales (16.5%) < 1 month
    9.8% physical/shop
    15.4% Others
    Impact On Employee

    Source Of Finance Full-time/Half Paid Leave(44.2%)

    68.9% companies/business firms use Work From Home (33.5%)


    savings
    as the main source to
    Reduced Working
    accomodate operating cost/ Hour (19.0 %)
    working capital
    during MCO Unpaid Leave
    (16.5 %)
    Loan (19.8%)
    Employee Termination
    Capital Injection (11.3%) (3.8 %)

    Disclaimer: The analyses presented are based on companies/business firms who participated in this survey and cannot be generalised to represent the views of all
    companies/business firms in Malaysia. It should be interpreted with caution to assess the impact of COVID-19 in Malaysia and not as official statistics.

    Source: Special Survey ‘Effects of COVID-19 on Economy and Companies/Business Firms’, Department of Statistics Malaysia
    Page 2 of 2
    DEPARTMENT O F STATISTICS MALAYSIA

    SUMMARY OF FINDINGS: SPECIAL SURVEY EFFECTS OF COVID-19


    ON ECONOMY AND COMPANIES/BUSINESS FIRMS (ROUND 1)
    Note : Survey period from 10th April to 1st May 2020 (MCO Phase 2 to Phase 4)

    COMPANIES/BUSINESS FIRMS
    Three (3) Main Issues/Challenges
    Two (2) Main Assistances Needed

    Type Of Legal Salary No Rental Finance/Subsidies


    Organisation Payment Customers Payment (83.1%)
    Overall 76.6% 65.5% 61.4%
    Individual
    62.5% 70.7% 60.5%
    Proprietorship
    Partnership 76.5% 68.8% 68.4% Tax Reduction
    (67.0%)
    Private Limited
    88.8% 63.2% 63.5%
    Company

    Estimated Duration Companies/Business Firms To Recover

    42.5%
    companies/business firms 2 - 3 months
    require > 6 months 4 - 6 months (17.9%)
    more than 6 (42.5%) (28.7%)
    months < 2 months Will not recover,
    to recover (9.0%) expected to close
    (1.9%)

    GOVERNMENT’S INCENTIVES
    Companies/Business Firms Experience Of
    Getting Business Assistance
    Very Very
    Satisfied Satisfied Moderate Dissatisfied Dissatisfied

    (8.5%) (26.3%) (36.3%) (17.8%) (11.1%)

    Companies/Business Firms Perspectives On


    52.1% How The Government Handles COVID-19
    companies/business firms
    stated that
    PRIHATIN Package
    can
    Very Satisfied Moderate Dissatisfied Very
    ease the burden (6.0%) Dissatisfied
    Satisfied (42.1%) (19.9%)
    (29.8%) (2.3%)
    Disclaimer: The analyses presented are based on companies/business firms who participated in this survey and cannot be generalised to represent the views of all
    companies/business firms in Malaysia. It should be interpreted with caution to assess the impact of COVID-19 in Malaysia and not as official statistics.

    Source: Special Survey ‘Effects of COVID-19 on Economy and Companies/Business Firms’, Department of Statistics Malaysia

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