Socio-Economic Trends - Impact of COVID-19 on Business
[RESCHEDULED TO] Thursday, 11 May 2020 @ 2.30 pm - 4.00pm
The rapid outbreak of COVID-19 presents an alarming health crisis that the world is grappling with. In addition to the human impact, there is also a significant commercial impact being felt locally and globally.
Every day, analysts and commenters are trying to measure the impact of Covid-19 on global economies. According to Bank Negara, our economy is expected to contract by 2% this year. Echoing this sombre outlook for Malaysia, The World Bank has revised its initial 4.5% growth forecast for 2020 down to 0.1%. On the employment front, the Malaysian Institute of Economic Research estimates that about 2.4 million may lose their jobs.
While proactive steps are already being taken to mitigate these expectations from the Covid-19 crisis. These include the RM250 billion stimulus package introduced by the government on March 27, which will be used to protect the welfare of Malaysians as well as support local businesses, how successful will these measures be?
Leaders in every industry are moving urgently to protect employees and build resilience. Governments are mobilizing to safeguard citizens and manage the economic fallout. Immediate action is critical, but leaders must also embrace a new agenda—one aimed squarely at what comes next. Now more than ever, business and government have a crucial role to play in protecting people’s health, bolstering the economy, and developing both practical solutions and game-changing innovations.
This webinar will review and discuss the following questions:
1. How can we work together as an industry to minimize skill loss?
2. What critical skills to develop in the next 12 months ahead?
3. How do you envision the crisis will continue to affect the competitive environment and what the business community will need in the coming months and years.
4. How are you managing your critical skills and resources?
5. How are you maintaining your productivity?
6. What are the options for work force and labour cost management?
Datuk Seri Haji Mohamed Iqbal Rawther, Chairman, ECKL / Deputy Chairman & Group Executive Director of Farlim Group (Malaysia) Bhd
Kiranjit Singh. Country Head, Malaysia, Singapore, and Philippines, Ipsos Business Consulting.
Shareen Shariza Dato' Abdul Ghani Co-Founder and Director, Sorga Ventures Sdn Bhd/Former CEO, TalentCorp.
Nik Tasha Nik Kamaruddin, Director, Ipsos Sdn Bhd
Tan Sri Michael Yeoh, President, KSI/Deputy Chairman, ECKL