Malaysian authorities issued a two-week Movement Control Order (MCO) on 18 March 2020. Businesses and services deemed to be non-essential were shut down. Interstate travel was curtailed. Public sporting, religious events, and gatherings were canceled.
The coronavirus downturn has indeed been shocking and sustained. Facing mounting bills and absent revenue, many businesses are closing permanently, rather than drifting further and further into insolvency. Critically, this will disproportionately impact smaller businesses and vulnerable groups such as lower-income individuals and workers.
In light of emerging risk, businesses are struggling despite startups or SME. Businesses are trying their very best to sustain their business and move forward every day by coming up with lots of creative ideas and adapting to new business strategies.
On this Friday (8th May 2020), 9 pm, MyeongDong Topokki’s CEO – Vincent Lua will go live streaming with President & CEO of CANON, CEO of Plan C ICT to share about insights on current business strategy and what do they think on current business market impact due to the pandemic.
Stay tuned and let’s stay tuned to the live on https://www.facebook.com/smemagazineasia/