KUALA LUMPUR (Jan 14): The average number of days Malaysian companies take to pay their creditors recovered in the third and fourth quarters of 2020 (3Q and 4Q20), according to Experian Information Services Malaysia.
In its ‘Industry Debts Turned Cash’ Indicators (i-DTC) on payment trends in 2019 and 2020 released today, Experian said in this study, seven selected industries of construction, hospitality and food/beverage, manufacturing, retail, services, transportation and storage, and wholesale were examined.
It said i-DTC measures the average number of days companies take to pay their creditors after the invoice date.
The firm the study is based on more than 500,000 payment records on business corporations and SMEs across a spectrum of industries facilitating a clearer picture of how fast companies are paying their creditors.
The COVID-19 pandemic overshadowed some of the year’s biggest events and set well-laid plans into a tailspin. Now, on the brink of a new year, as economies look to open up, the focus is firmly on the future. In Malaysia, as the government eases pandemic-imposed curbs, businesses are hopeful that the year ahead may be one of recovery, but they’re not out of the woods yet.
In November, after a contraction in the third quarter, Malaysia’s central bank announced that 2021 would offer a healthier outlook. Reuters reported. The same month, as the government released a budget-focused around COVID-19 recovery, it projected that the country’s economy would rebound with growth in the new year.
Published on: Tuesday, January 12, 2021
By: Bernama
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Kuala Lumpur: Candidates of major examinations, including the Sijil Pelajaran Malaysia (SPM) for the 2020 and 2021 sessions in states subject to the Movement Control Order (MCO), are allowed to attend schools under strict standard operating procedures (SOPs), says Prime Minister Tan Sri Muhyiddin Yassin.
In his special address on the implementation of MCO which was broadcast live on television Monday afternoon, he said the Ministry of Education would soon release the detailed SOPs.
“Although there are strict movement restrictions, especially in states imposed with the MCO, exemption is given to students and candidates for major examinations, including SPM for the 2020 and 2021 sessions. They are allowed to attend schools with strict SOPs,” he said.
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said today Malaysian capital markets will remain open to support and facilitate fundraising, trading and investment, with all regulatory functions in place throughout the Movement Control Order (MCO), Conditional Movement Control Order (CMCO) and Recovery Movement Control Order (RMCO) and the Emergency Ordinance period as the nation contends against the Covid-19 pandemic.
KUALA LUMPUR (Jan 12): Media organisations can continue to produce informative programmes, news, articles and local content for the public in areas imposed with the 14-day Movement Control Order (MCO), which begins tomorrow. Communications and Multimedia Minister Datuk Saifuddin Abdullah in a statement today said, however, during the period, media operations in the form of other broadcasts such as entertainment, were not allowed.