CIMA has launched its first survey of business confidence among medium-sized businesses in Malaysia and Sri Lanka. This involved members and students in 55 firms and was finished in March.
In Malaysia 52 per cent of respondents thought that their national economy was in recession, compared with 35 per cent in Sri Lanka. Although 69 per cent of Sri Lankan businesses were confident about their performance, 75 per cent believed that their business would survive in the longer term. This was a contrast with Malaysia, where only 29 per cent were confident about their current performance but 72 per cent believed that their business would survive the downturn.
Transport and fuel were the costs that Sri Lankan businesses considered most likely to increase next quarter. Their Malaysian...