According to the 2019 Global CEO Outlook Report, CEOs in Malaysia are maintaining a positive outlook with eight out of ten reporting confidence in the growth prospects for their company and the industry they operate in. Of this, 60 per cent are projecting cautious top-line revenue growth of up to two per cent over the next three years.
Datuk Johan Idris, Managing Partner of KPMG in Malaysia, said more companies in the region are adapting their business strategies to address climate related shocks amid a globally connected market.
“Businesses work in an ecosystem of partners, suppliers, and complementary services that require each component to work efficiently and effectively. Thus, CEOs must look into developing sustainable business plans and policies to achieve organisational resilience,” he said.
He also added that business leaders in the ASEAN region will likely keep a close eye on the ongoing US-China trade tensions, as at least 31 percent of CEOs in ASEAN are wary of the US-China trade negotiations and the impact it will have on their organisation’s growth.