Small businesses to hire more staff after splendid 2018 growth, says survey

Malaysian small businesses did well in 2018 with confidence in business and economic growth at its highest point since 2012, according to CPA Australia’s 10th Annual Asia Pacific Small Business survey, These businessmen are even more positive that this year will be even better. CPA Australia Malaysia Country Head Priya Terumalay said the survey results showed a positive shift in sentiment among Malaysia’s small businesses, reflecting the sector’s continued focus on being drivers of growth. “Malaysia’s small business sector has had a strong 12 months, with 65.5% of respondents reporting that they grew over this period. Looking to 2019, the results are even more positive, with three quarters of small businesses expecting to grow this year. “The positive shift in sentiment is also reflected in small business confidence in Malaysia’s economy, with nearly 70% (69.1%) expecting Malaysia’s economy to grow, much higher than expectations for 2018, when 53.7% expected the economy to grow,” Priya said in a statement today.