RAM Holding Bhd group CEO Datuk Seri K. Govindan speaks during a press conference in Kuala Lumpur January 11, 2018. — Picture by Yusof Mat IsaKUALA LUMPUR, Jan 11 — Malaysian corporations and small-medium enterprises (SMEs) are likely to increase their hiring activity this year, RAM Holdings Bhd Group said today.
Its chief executive Datuk Seri Dr K. Govindan noted that businesses were feeling upbeat that the country’s economy will continue its upward trend in the first six months of the year, citing data from its latest quarterly Business Confidence Index (RAM BCI).
“This optimism among Malaysian firms corresponds to the overall positive view on global economic growth for 2018.
“The BCI results indicate that private investment activities would remain resilient heading into 2018, whilst the slight uptrend in the Corporate Hiring Sub-Index suggests more hiring and capacity building in 2018,” he told reporters here.
The RAM BCI is a quarterly business index jointly conducted by RAM Holdings Bhd and RAM Credit Information Sdn Bhd (RAMCI).
The findings showed consistent positive sentiment readings among both corporates and SMES at 55.6 and 52.4 respectively for the first half of the year.