- Grant Thornton Launches ASEAN Focus Services for Retail Industry
- 33% of women hold senior leadership roles
- Making a difference in our community
- Market focus drives solid growth for Grant Thornton
- Economic Stimulus Package Big Help to Rakyat, SMEs & Corporates
- EPF should do more for SMEs
- Balancing Health with Employment
- Mitigating MCO Effects on Unemployment and Poverty
- Malaysian Businesses Geared Up for Recovery
The retail industry was severely impacted during the global outbreak of COVID-19 and is currently facing significant market, financial, people and operational challenges. The pandemic has impacted parts of the industry in different ways. The grocery sector struggled with supply chain issues, consumer goods and apparel businesses have been challenged by store closures and rapid growth of online sales.
The COVID-19 pandemic, subsequent lockdown and resulting economic shock have tested businesses in Malaysia in an entirely unprecedented way, and their impact is likely to be felt for years to come. But, against this backdrop, IBR data finds Malaysian businesses to be relatively upbeat
Businesses effected by the MCO will take at least one year to recover. Even with help from the Government such as subsidies from the Economic Stimulus Packages, deferring of EPF payments, six-month moratorium on loan repayments, it is unfortunately still not enough for businesses to survive. What businesses need is income.
The business’ concerns must be strictly held accountable but be allowed to operate under the stipulated conditions. If there is delay in implementing the above, we will have numerous business failures, high unemployment and growing pockets of poverty.
Malaysian businesses – both big and small - are severely impacted by the double whammy arising from curtailed operations during the Movement Control Order and the downward spiraling economy worldwide. Employees Provident Fund (EPF or KWSP) is one Authority which could and should do more for the SMEs and the overall Malaysian Corporate Sector.
A comprehensive package of RM250 billion to help the people, particularly the B40 Group, the Small and Medium sized Enterprises (SMEs) as well as the Affected Corporate Sectors.
According to the Grant Thornton International Business Report (IBR), women make up 33% of positions in senior management team within companies in Malaysia. Malaysia has seen positive gains of 10 percentage point from last year and is the highest since 2007. This is above the global percentage of 29%.
Grant Thornton Malaysia is committed to making a real difference in our community and we had the privilege to help the schools in Port Dickson.
Grant Thornton International Ltd announced global revenues of USD5.72 billion for the financial year ended 30 September 2019, up 5.1% on 2018. This result represents growth of 6.4% in constant currency terms.