Impacts of COVID-19 on Firms in Malaysia : Results from the 2nd Round of COVID-19 Business Pulse Survey

The re-imposition of the Conditional Movement Control Order during mid-October 2020 and the upgrade to a stricter lockdown to Movement Control Order in January 2021 has substantially weakened the recovery momentum highlighted in Round 1 of Business Pulse Survey (early October 2020). To adapt to t...

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Main Authors:	Kuriakose, Smita, Tran, Trang, Ting, Kok Onn, Hebeous, Sarah
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	CORONAVIRUS COVID-19 PANDEMIC IMPACT LOCKDOWN PARTIAL CLOSING REDUCED WORK HOURS SUPPLY CHAIN DIGITAL TECHNOLOGY SALES REVENUE SUPPLY SHOCK
Online Access:	http://documents.worldbank.org/curated/en/746221624996468902/Impacts-of-COID-19-on-Firms-in-Malaysia-Results-from-the-2nd-Round-of-COVID-19-Business-Pulse-Survey http://hdl.handle.net/10986/35872

id	okr-10986-35872
recordtype	oai_dc
spelling	okr-10986-358722021-09-16T21:25:46Z Impacts of COVID-19 on Firms in Malaysia : Results from the 2nd Round of COVID-19 Business Pulse Survey Kuriakose, Smita Tran, Trang Ting, Kok Onn Hebeous, Sarah CORONAVIRUS COVID-19 PANDEMIC IMPACT LOCKDOWN PARTIAL CLOSING REDUCED WORK HOURS SUPPLY CHAIN DIGITAL TECHNOLOGY SALES REVENUE SUPPLY SHOCK The re-imposition of the Conditional Movement Control Order during mid-October 2020 and the upgrade to a stricter lockdown to Movement Control Order in January 2021 has substantially weakened the recovery momentum highlighted in Round 1 of Business Pulse Survey (early October 2020). To adapt to the latest lockdown, the majority of firms responded by remaining partially open in operations. Employment adjustments such as reducing work hours remain the most common method by firms. Supply chain disruptions remain a major problem in the market. Adoption of digital technologies remains the most popular choice for adjustment by firms, with sales and marketing functions topping the list of digital adoption. 2021-06-29T21:15:54Z 2021-06-29T21:15:54Z 2021-06-24 Brief http://documents.worldbank.org/curated/en/746221624996468902/Impacts-of-COID-19-on-Firms-in-Malaysia-Results-from-the-2nd-Round-of-COVID-19-Business-Pulse-Survey http://hdl.handle.net/10986/35872 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research East Asia and Pacific Malaysia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CORONAVIRUS COVID-19 PANDEMIC IMPACT LOCKDOWN PARTIAL CLOSING REDUCED WORK HOURS SUPPLY CHAIN DIGITAL TECHNOLOGY SALES REVENUE SUPPLY SHOCK
spellingShingle	CORONAVIRUS COVID-19 PANDEMIC IMPACT LOCKDOWN PARTIAL CLOSING REDUCED WORK HOURS SUPPLY CHAIN DIGITAL TECHNOLOGY SALES REVENUE SUPPLY SHOCK Kuriakose, Smita Tran, Trang Ting, Kok Onn Hebeous, Sarah Impacts of COVID-19 on Firms in Malaysia : Results from the 2nd Round of COVID-19 Business Pulse Survey
geographic_facet	East Asia and Pacific Malaysia
description	The re-imposition of the Conditional Movement Control Order during mid-October 2020 and the upgrade to a stricter lockdown to Movement Control Order in January 2021 has substantially weakened the recovery momentum highlighted in Round 1 of Business Pulse Survey (early October 2020). To adapt to the latest lockdown, the majority of firms responded by remaining partially open in operations. Employment adjustments such as reducing work hours remain the most common method by firms. Supply chain disruptions remain a major problem in the market. Adoption of digital technologies remains the most popular choice for adjustment by firms, with sales and marketing functions topping the list of digital adoption.
format	Brief
author	Kuriakose, Smita Tran, Trang Ting, Kok Onn Hebeous, Sarah
author_facet	Kuriakose, Smita Tran, Trang Ting, Kok Onn Hebeous, Sarah
author_sort	Kuriakose, Smita
title	Impacts of COVID-19 on Firms in Malaysia : Results from the 2nd Round of COVID-19 Business Pulse Survey
title_short	Impacts of COVID-19 on Firms in Malaysia : Results from the 2nd Round of COVID-19 Business Pulse Survey
title_full	Impacts of COVID-19 on Firms in Malaysia : Results from the 2nd Round of COVID-19 Business Pulse Survey
title_fullStr	Impacts of COVID-19 on Firms in Malaysia : Results from the 2nd Round of COVID-19 Business Pulse Survey
title_full_unstemmed	Impacts of COVID-19 on Firms in Malaysia : Results from the 2nd Round of COVID-19 Business Pulse Survey
title_sort	impacts of covid-19 on firms in malaysia : results from the 2nd round of covid-19 business pulse survey
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/746221624996468902/Impacts-of-COID-19-on-Firms-in-Malaysia-Results-from-the-2nd-Round-of-COVID-19-Business-Pulse-Survey http://hdl.handle.net/10986/35872
_version_	1764483949061472256

Impacts of COVID-19 on Firms in Malaysia : Results from the 2nd Round of COVID-19 Business Pulse Survey

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