COVID-19: Businesses in Malaysia to be Negatively Impacted Through 2020

In a recent economic review by AllianceDBS Research (ADBS), a large volume of companies are anticipated to re-adjust their forecasts downwards following the release of the first quarter results, as corporates will be able to better assess the short-medium term impacts of the Movement Control Order (MCO), which has now been extended for the fourth time until the 9th of June 2020.

The research firm added that the economic impact of the COVID-19 pandemic has created a severe problem for governments dealing with rising unemployment and business closures on a global scale, leading to an extraordinary influx of capital into the financial system to avert a liquidity crisis. ADBS expects the negative shocks in supply and demand...