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EU-Malaysia Chamber of Commerce and Industry just released the results of the survey conducted to evalute the impact of the measures to fight Covid-19 on businesses in Malaysia.
70% of the respondents said that they are looking at a revenue loss of 40% to 80% during the MCO period, which will affect cash flows. The respondents also added that to mitigate the cash flow issues during and right after the lockdown period the most effective measure would be a salary distribution incentive. Read more: https://www.theedgemarkets.com/article/businesses-record-revenue-losses-4080-during-mco-%E2%80%94-eumcci-survey?type=malaysia
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