In Malaysia, considering the weakening economy, supply chain disruptions, repercussion from troubled sectors and loss of jobs, the liquidity and capital resources eased somewhat towards the end of the year.
According to IMF forecasts the GDP growth is expected to fall to -1.7% in 2020 and pick up to 9% in 2021, subject to the post-pandemic global economic recovery, and is bound to improved external demand conditions, fiscal and stimulus support measures and positive sentiment from the rollout of the vaccine.
The turbulence caused by the COVID-19 pandemic has forced CFOs to remain focused towards building a successful post-crisis organization. As the pandemic reshapes businesses, CFOs’ concerns will be on capital resources and liquidity management as companies start focusing on rebuilding after the pandemic. They also need to create and lead a resilient financial operation – to strike the right balance between technology and people, investment and savings, expansion and diversification, consolidation and acquisition.
Join us at the 9th CFO Innovation Malaysia Forum 2021, with over 150 CFOs and senior finance executives attending, as regional experts discuss issues such as risk management, automation & digital transformation, reimagining budgeting models, projected economic scenarios, cost-saving targets and financial plans in helping enterprises remain steadfast in today's economy.
For more information please visit official website at https://cfoinnovationmy.questex.asia/