The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) Malaysia’s Business and Economic Conditions Survey (M-BECS) was conducted from May-early July 2019, covering the first half-year of 2019 (Jan-Jun 2019) and expectations for the second half-year of 2019 (Jul-Dec 2019) has received 924 responses.
The survey is a good barometer to gauge Malaysian Chinese business community’s assessment and expectations about domestic business and economic conditions as well as their prospects.
It covers questions to measure expectations about the performance and prospects of economy and business; main factors affecting business performance; and to gauge the implications of current issues and challenges faced by businesses.
An overview and summary of key findings of the survey are as follows:
A high percentage of respondents (78.2%) were widely concurred that Malaysia has not done enough to tap the vast potential of tourism related business opportunities.
81.0% of respondents also acknowledged that Malaysia’s tourism is lagging behind its neighbours. The results revealed the following elements are very important for tourism development: Safety and security; the cleanliness of tourism destinations as well as infrastructure and facilities such as local transportation services and connectivity. Amongst the proposed measures are as follows: