Published on behalf of SAP Concur. Are companies relieved of their duty to care for the wellbeing of their employees during this lockdown period? Angelique Montalto, Regional Sales Director at SAP Concur, clarified the situation: “Organisations owe it to their employees...

PETALING JAYA: The latest AHK World Business Outlook Fall 2024 Survey conducted among German companies in Malaysia reveals an optimistic forecast for 2025, with positive sentiment about both current conditions and prospects.

The survey highlights key insights reflecting the resilience and growth expectations of German businesses operating in Malaysia.

When asked to assess the current performance of their company, 92% of German businesses in Malaysia report conditions as “good or satisfactory”, which marks a significant increase of 10% compared to the same period last year.

Strong economic development and confidence among German businesses in Malaysia are expected to continue into next year, with 97% of respondents describing the outlook for 2025 as “favourable or stable”.

While Malaysia has always been recognised for its strong economic foundation, this year’s survey results demonstrate a significant boost in confidence, surpassing expectations from last year’s outlook and highlighting the continued resilience of Malaysia’s economy.

Reflecting this confidence, more than 63% of companies expect positive business development over the next 12 months, while 35% anticipate the current stability will be maintained. Only 1.8% predict a decline in performance, showcasing a predominantly positive outlook for the year ahead.

Additionally, four in 10 companies intend to increase investments in the coming year, suggesting a commitment to further growth within the business community.

Employment plans also appear to be promising, with almost half of the German companies in Malaysia indicating plans to ramp up hiring. An equal percentage (47%) intend to retain their current workforce, emphasising a dual approach to growth and stability in human resources.

While the survey paints a generally encouraging outlook for businesses in Malaysia, respondents identified several challenges that could potentially impact their economic development in the coming years.

Survey participants view demand, economic policy conditions, and lack of skilled workers as potential challenges. These insights underscore the need for ongoing vigilance and strategic planning as companies navigate both opportunities and uncertainties in a highly competitive and volatile global market.

Overall, the findings of the survey illustrate a strong confidence among companies in Malaysia, highlighting a positive trajectory for business development and economic growth in the coming year.

Malaysian-German Chamber of Commerce and Industry (MGCC) executive director Jan Noether said, “The results of the AHK World Business Outlook Fall 2024 Survey align perfectly with our expectations for the future of German business in Malaysia. The strong sentiment and optimism reflected in the survey highlight the positive situation we are experiencing here and underscore our confidence in Malaysia’s economic stability and growth prospects. German companies are comfortable and committed to the Malaysian market, with a clear outlook for continued success and expansion in the year ahead. Moreover, Malaysia’s stable economic environment and supportive policies play a key role in stimulating further investment, reinforcing our belief in the country as a reliable and attractive hub for business growth.”

In Malaysia, the survey was conducted between Sept 23 and Oct 16, with 111 respondents from MGCC member companies, comprising mostly German companies with branches or subsidiaries in Malaysia, primarily from the manufacturing, trade, and services sectors.

The survey is part of the broader AHK World Business Outlook, a biannual global research initiative conducted by the German Chamber of Commerce and Industry. It surveys member companies from the network of German chambers of commerce abroad (AHK), which represent more than 40,000 companies in 93 countries.

TC SUBARU SDN. BHD., the exclusive distributor of Subaru vehicles in Malaysia, has announced its participation in this year’s Tokyo Auto Salon Kuala Lumpur, to be held at the Malaysian International Trade and Exhibition Centre (MITEC) from 8 to 10 November 2024. In an event at APW Bangsar, Subaru’s dealers, partners, media, and fans were treated to an exclusive preview of the “Kuala Lumpur Edition” Subaru BRZ and Subaru WRX, featuring a special livery by Motorsport Playground and a limited-edition streetwear line by Pestle & Mortar Clothing (PMC).

Inspired by a cultural fusion of Japanese engineering and Malaysian heritage, the livery created by Motorsport Playground brings an artistic twist to the Subaru BRZ and WRX. The design integrates Malaysia’s iconic Songket patterns with intricate geometric shapes and rich symbolism, transforming these high-performance vehicles into vibrant symbols of tradition and modernity. The livery also features the Malaysian national flower, Bunga Raya, in place of the usual Sakura motifs, infusing the design with local pride.

The collaborative project extends beyond the vehicles, with PMC unveiling an exclusive streetwear collection that mirrors this cultural blend. Each piece in the line embodies the precision of Japanese craftsmanship with contemporary Malaysian design, offering a unique style that resonates with both motorsport fans and fashion enthusiasts.

In a further showcase of performance, Subaru took on a thrilling time attack challenge at the PETRONAS Sepang International Circuit. The Subaru BRZ and WRX, under the expert preparation of TD Racing, completed the circuit with impressive times: the Subaru BRZ with manual transmission finished in 02:42:211, while the WRX with CVT clocked in at 02:43:472, driven by professional racer Freddie Ang.

Subaru’s presence at the Tokyo Auto Salon Kuala Lumpur will celebrate innovation, performance, and cultural fusion. The “Kuala Lumpur Edition” vehicles and PMC’s streetwear collection will be available for sale from 8 to 10 November 2024 at MITEC, offering fans a chance to own a piece of this unique collaboration.

GOODYEAR is proud to be the official tyre sponsor of the Tokyo Auto Salon Kuala Lumpur 2024, happening from 8 – 10 November 2024 at MITEC, Kuala Lumpur. Known as the world’s premier customised car show, this event promises to showcase the latest in automotive technology, design, and more, drawing car enthusiasts from across the region.

Event Details

Date: 8 – 10 November 2024

Time: 10:00 am – 10:00 pm

Venue: MITEC, Kuala Lumpur

At the Goodyear booth, attendees can explore the latest in high-performance tyre technology and see how Goodyear is driving innovation in tyre performance and quality. This event offers automotive fans the perfect chance to engage with Goodyear and witness the exceptional standards that Goodyear tyres bring to every journey.

Don’t miss this exciting opportunity to connect with industry leaders and fellow car enthusiasts!

Higher system-wide sales and contributions of recently acquired South Korean value coffee brand boosted earnings of Asian food conglomerate Jollibee Foods Corp. by nearly a quarter in the nine months ending September.

The Keepers Holdings Inc. of tycoon Lucio Co is gobbling up a local beer importer, further boosting the company’s extensive portfolio.

The Department of Trade and Industry probe into the rising influx of imported cement is seen as essential for strengthening the struggling local cement industry that has faced increasing competition from imports.

The House of Representatives saw quite a toned-down but more gutsy version of former President Rodrigo Duterte as he refrained from swearing at the House probe into his bloody anti-narcotics campaign.

Australian NBA star Ben Simmons’ expiring salary was floated by veteran sports journalist Bill Simmons of The Ringer as one of the trade chips for the Brooklyn Nets in the potential Giannis Antetokounmpo sweepstakes.

Given a life extension, the Quezon Huskers hope to complete their recovery when they tackle the Batangas City Tanduay Rum Masters in a Game 3 decider for the South Division crown at 7 p.m. Thursday

Voting in the UK election has finished and the results are in, but the dust has most definitely not settled. It looks as we in the UK are in for interesting times ahead. It would help those of us researching the various political parties and policies if Google could at least get the basics right, … Continue reading Another example of Google’s Knowledge Graph getting it wrong →

XnView MP is a cross-platform image viewer used to view, convert, organize, and edit graphical & video files. It is popular with users as it provides many features normally found in commercial image viewers and it supports many image file formats that other powerful image organizers such as ACDSee do not. [License: Freeware | Requires: 11|10|8|7|Android|Linux|macOS | Size: 42-92 MB ]

Intel Arc Graphics Driver for Windows is a driver specifically for Windows 10 and 11 with support for the 12th Gen Intel Core processor family and Intel Arc A-Series Graphics.... [License: Freeware | Requires: 11|10 | Size: 1 GB ]

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