MALAYSIA NEWS NFIDENCE AT A LOW EBB Os appeared to be watching the Malaysian economy and spects of their firms more closely now than before with lower ectations going forward. le all six components comprising the Index registered lower time, the latest reading is driven mainly by the expected nomic conditions index which, at 57, plummeted eighteen nts from 3Q2014. Of the 373 respondents, 52% expect nomic conditions to deteriorate further soon, up from 40% and % in 3Q2014 and 4Q2013, respectively. Os are also portending a less robust near-term outlook for their 39% of CEOs expected profits increase, down from 46% in both 3Q2 and 4Q2013. 49% of CEOs forecasted hig revenues, down from 54% in 3Q2014 a 53% in 4Q2013. 64% of CEOs have already registe themselves for the Goods and Services (GST). 40% of CEOs faced a shortage adequately trained staff for GST implem tation. 98%of CEOs have no lending proble with local banks. 68% of CEOs opined that the gove 0 1 2 3 4 5 6 7 0 0 0 0 0 0 0 2010:3Q 4 2011:1Q 2 3 4 2012:1Q 2 3 4 2013:1Q 2 3 4 2014:1Q 2 3 4 Vistage-MIER CEO Confidence Index and Year-to-Year Changes in GDP CCI GDP UPDATES • Welcome New VISTAGE Members • Long Tenure Members • VEE-23 Inaugural Meeting TRANSFORMATION - A JOURNEY OF CHANGE VISTAGE-MIER CEO CONFIDENCE INDEX NEWSROOM • Launch of Franchising Book • Conferment of Dato’ Title • Checking Out Cambodia • Redevelopment of Penang Butterfly Farm • RAN Contract for REDtone • Scientex JV With Futamura Chemical • VISTAGE JB Group turns one • Visit to WEIL Hotel ANNOUNCEMENTS • Vistage Awareness Events 2015 EVENTS • VISTAGE CEO SUMMIT 2014 • Vistage Chair Meet • Vistage Golf Challenge 2014 • Vistage Team Annual Retreat - South Korea CEO ACHIEVEMENTS • Breakthrough Success AWARDS • Vistage Member Tenure Awards • Star Supporter Award 2013 • Speaker-Of-The-Year Award 2013 • Star Business Awards 2014 • Enterprise 50 Award 2014 • Golden Phoenix Award 2014 • SME Innovation Excellence Award 2014 Vistage Malaysia Sdn Bhd (296405-U) Suite B-19-2, Wisma Pantai, No 5, Jalan 4/83A, Off Jalan Pantai Baru, 59200 Kuala Lumpur Phone : (603) 2284 2126 / 2127 Fax : (603) 2284 2100 / 2139 E-mail : [email protected]Website : www.vistage.com.my/ Published by SEPTEMBER - DECEMBER 2014 Private advisory boards for CEOs, executives and business owners. A J O U R N E Y O F C H A N G E TRANSFORMATION
Transcript
MAL AYSIA NE WS
4Q 2014 Dec 2014 Malaysia
CONFIDENCE AT A LOW EBBCEOs appeared to be watching the Malaysian economy and prospects of their �rms more closely now than before with lower expectations going forward.
While all six components comprising the Index registered lower this time, the latest reading is driven mainly by the expected economic conditions index which, at 57, plummeted eighteen points from 3Q2014. Of the 373 respondents, 52% expect economic conditions to deteriorate further soon, up from 40% and 37% in 3Q2014 and 4Q2013, respectively.
CEOs are also portending a less robust near-term outlook for their businesses. The expected pro�tability index lost thirteen points from last quarter’s 124, with 39% of the respondents forecasting higher pro�ts in the near term, down from 44% in both 3Q2014 and 4Q2013. Hirings are also expected to be less ambitious with fewer (35%) respondents planning to beef up their employee headcount soon, compared to 42% and 37% in 3Q2014 and 4Q2013, respectively. The index for expected revenue retreated eight points from 3Q2014 to 135 currently, with 49% looking forward to reaping higher sales revenue in early 2015, compared to 54% and 53% in 3Q2014 and 4Q2013, respectively. Fixed invest-ment expenditure is also expected to cool in the months ahead, with those contemplating on cutting back on such investment having increased to 16% from 11% a quarter ago.
REGISTRATION FOR THE GOODS AND SERVICES TAX (GST)CEOs are generally gearing up for the implementation of the Goods and Services Tax (GST) which was opened for registration to companies recently. 64% of the respondents said that they have already registered, while 21% are in the process of registering and 15% noted that they are aware of it.
CHALLENGES FACED IN THE IMPLEMENTATION PROCESS OF THE GST Notwithstanding the registration of the GST by majority of the respondents, 60% are still unclear about the operational guide-lines issued by the authorities. While 40% are facing a shortage of adequately trained sta� for the implementation of the GST, 33% �nd the accounting software a challenge. Another 7% cited, among others, challenges such as ambiguity in the actual proce-dures involved, billing to meet the 21-day closing period for tax refund, unavailability of a complete list of non-GST-related items, cash �ow and credit control concerns, and the costly consultancy fees and set-up to GST readiness.
LENDING PROBLEMS WITH LOCAL AND/OR FOREIGN BANKSCEOs are generally not a�ected by the recent tightening of lending by banks. 98% said they have no lending problems with local banks, while 59% noted the same with foreign banks, indicating that local banks are likely more �exible than their foreign counterparts on business lending. Of those with lending experiences with local banks, rejection of new applications and credit limit cut-back were the main problems faced, with 30% and
The Vistage-MIER CEO Con�dence Index fell to its �ve-quarter low of 80.6 in 4Q2014, ebbing almost nine points quarter-on-quarter. Only 5% of the respondents opined that overall current economic conditions in the country have improved, the lowest proportion polled since 1Q2009.
39% of CEOs expected pro�ts to increase, down from 46% in both 3Q2014 and 4Q2013.
49% of CEOs forecasted higher revenues, down from 54% in 3Q2014 and 53% in 4Q2013.
64% of CEOs have already registered themselves for the Goods and Services Tax (GST).
40% of CEOs faced a shortage of adequately trained sta� for GST implemen-tation.
98% of CEOs have no lending problems with local banks.
68% of CEOs opined that the govern-ment should revisit regulations governing the property sector.
32% of CEOs believed that the fuel price hike would have signi�cant impact on their cost of doing business.
74% of all CEOs ranked their level of competitiveness over the last 12 months as “reasonably competitive”.
71% of CEOs use Facebook and 66% use Google.
99.7104.4
100.9
87.3 85.6
92.289.4
80.6
60
70
80
90
100
110
1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14
C EO CO NF I D ENC E I ND EX 1 Q 2 0 1 3 -4 Q 2 01 4
0
1
2
3
4
5
6
7
70
80
90
100
110
120
130
2010
:3Q 4
2011
:1Q 2 3 4
2012
:1Q 2 3 4
2013
:1Q 2 3 4
2014
:1Q 2 3 4
Vistage-MIER CEO Confidence Indexand Year-to-Year Changes in GDP CCI GDP
Private advisory boards for CEOs,executives and business owners.
CREATIVE INNOVATIVE THINKING BEYOND
A J O U R N E Y O F C H A N G ETRANSFORMATION
7 November 2014, FridaySunway Resort Hotel & Spa
Petaling Jaya, Selangor, Malaysia
VISTAGE CEO SUMMIT
Registration & Breakfast
Welcoming Remarks by Richard C.M. WongChairman & Chief Listener, Vistage Malaysia
Speaker:Topic:
Break
Speaker:
Topic:
Lunch
Presentation of Awards
Keynote Address by Y.B. Datuk Paul Low Seng KuanMinister in the Prime Minister's Department, Governance & Integrity
Break
Panel Session: “RETAINING TALENT TO STAY AHEAD OF THE COMPETITION”
CEO Panel:
Fellowship and Cocktail
Eduardo Garza T. Junco, CEO, Frisa Industries, MexicoL.C. Chin, Managing Director, Jabil Circuit Sdn Bhd, Malaysia Lim Chin Han, Managing Director, Towers Watson, Malaysia
Douglas Abrams, Founder & CEO, Expara SingaporeChairman of BANSEA (Business Angel Network of S.E.A.) “THE NEW WAVE OF SCALABLE ENTREPRENEURSHIP IN S.E.A.”
Eduardo Garza T. Junco, CEO, Frisa Industries, Mexico“HOW FRISA HAS TRANSFORMED ITS BUSINESS”
VISTAGE MALAYSIA SDN BHD (296405-U)5 Jalan 4/83A, Off Jalan Pantai Baru, 59200 Kuala Lumpur, Wilayah Persekutuan, MalaysiaTel: 603-2284 2126 / 2284 2176 Email: [email protected] www.vistage.com.my
FeruniCeramicheSdnBhd●● Simon Teoh,ManagingDirector,
GoodPoint(Asia)SdnBhd●● Tan Kee Choong,ManagingDirector,
SignatureManufacturingSdnBhd
VEE-23 inaugural mEEtingVEE-23 had their inauguralmeeting on 27November
2014atthePullmanHotel,KualaLumpur.Thegroupis
chairedbyBernardChong.
L-R: Sherine Cheng, Sam Liew, Jeremy Lim, Bryan Yan, Bernard Chong (Chair), Lim Kah Hooi (Resident Chair), Eric Goh, Sean Tay & Joseph Lim
6VISTAGE MALAYSIA NEWS • SEPTEMBER - DECEMBER 2014
Instead of staying small and profitable, group CEo of Melorita healthcare, Armand Abdullah chose to break out of the comfort zone and focus on growth in new markets and new products.
Group CEO ofMelorita Healthcare Sdn Bhd, Armand
Abdullah recalls reading thebook “TheBreakthrough
Company” by Keith McFarland, wanting to find out
howSMEscouldbreak throughtheirglassceilingand
growbigger.This ledhimtosearchforpeergroupsto
get external feedback and advice. He found Vistage
andjoinedin2009. Learningfrommentorsandpeers,
Armandsayshehaschangedhismanagementstyleand
takenMelorita, ahealthcare recruitment specialist, to
greaterheightsinthelastthreeyears.
“Comingfromacorporatefinancebackground,Iused
tofocus70%onknowledgeand30%onleadership.Now
Iam70%focusedonleadershipand30%onknowledge,”
he expresses as tohowVistagehashelpedhim tobe a
better CEO. Together with a finance background and
entrepreneurial spirit, Armand instituted many changes
tomoderniseandexpandbusinessatMelorita,thelargest
healthcarerecruitmentcompanyinMalaysia.Revenuehas
doubledsincehetookovertoaroundRM8million.
Healthcare recruitment is a very niche business
and not one that Armand had planned to be in. After
graduating inaccountingandgettinganMBA,Armand
worked in the corporate finance sector. The fitness
enthusiastinhimsurfacedwhenheestablishedthefirst
indoor sports centre in the country called The Sports
Barnin2004.Heleftthesportsbusinesswhenhebought
amajorstake inMelorita in2010whenthefounder,his
father-in-law,waslookingforsomeonetotakeover.
Melorita was started 35 years old and had built a
strongnicheas ahealthcare talentprovider, notably in
SaudiArabia.Whilethecompanywasprofitable,Armand
wanted to move out of the comfort zone and grow
the company. He realised that there were weaknesses
CEo AChIEVEMENTS
BrEaKtHrOugH SuCCESS
Armand Abdullah, Group CEO, Melorita Healthcare Sdn Bhd
that had to be addressed to move forward. His focus
was on growing new markets and new products, as
well as transforming the company using information
CARYN CHENSales & Marketing ManagerLH Plus Sdn Bhd
MOK SEW WAHChief Executive Officer, Sunway Technology Sdn Bhd
SUSAN CHEAHExecutive DirectorSunway Management Sdn Bhd
C.C. NGEI Managing DirectorFeruni Ceramiche Sdn Bhd
PETER WEE COO Ricoh Malaysia
TENG BENG LEEManaging DirectorMedispec (M) Sdn Bhd
ANDREW LIMManaging DirectorPernas Sogo Sdn Bhd
KENNY LIMGroup GMChuan Sin Sdn Bhd
IVAN TAN General ManagerOne Gasmaster Sdn Bhd
BOH BOON CHIANGGroup COOKhind Holdings Berhad
RICHARD GOHManaging DirectorKL Maritime (M) Sdn Bhd
9VISTAGE MALAYSIA NEWS • SEPTEMBER - DECEMBER 2014
AWArDS
VCE-9 Member Datuk
Danel Abong received
the Enterprise 50 Award
forhis companyFlirAsia
Sdn Bhd. The Award
recognizes50outstanding
Malaysian SMEs. Flir Asia
pioneered condition-
basedmonitoring (CBM)
scanning for electricity
s u b - s t a t i o n s a n d
overheadlines.
EntErPriSE 50 aWarD 2014
Star BuSinESS aWarDS 2014FeruniCeramicheSdnBhdwasthegrandwinnersof
fiveprizesatTheStarBusinessAwards2014.Managing
Director,CCNgei(VCE-22Member)receivedtheawards
attheceremony.HisVistageChairLeeLaiKeongwas
theretosharethespecialmoment.LaiKeonghasbeen
hiscoachsince2010.
VCE-610 Member Tan Hock Kheng, Managing
DirectorofSkyResourcesSdnBhd, collected theStar
BusinessAwardforoneofhiscompany’ssubsidiaries,
SkyThomasFoodIndustriesSdnBhd.
Datuk Danel Abong (R ) at the Award ceremony
Tan Hock Kheng holding up the
prestigious award
TheSpeaker-of-the-Year
AwardwenttoChristophe
Morin. This award is
presented in recognition
ofaspeaker’scommitment
to Vistage and having
achieved a minimum of
10 presentations in 2013
and scoring higher than
8intermsofcontentand
delivery.
CHRISTOPHE MORIN Chief Pain Officer, Marketing Guru, SalesBrain, USA
sPEaKEr-of-THE-YEar aWarD 2013
GoLDEn PHoEniX aWarD 2014
VEE-17 Member Tung
Xin Ning, Director of
Clazroom Academy of
Media Art received an
award for outstanding
entrepreneurship at The
Golden Phoenix Award
2014 ceremony. The
awardrecogniseswomen
of exce l lence f rom
Malaysia, China, Korea,
Japan, Philippines, India
andNepal.
SmE innovation Excellence award 2014
VCE-26 Member Jason
Tan, Executive Director
of Inovar FloorMalaysia,
won the SME Innovation
ExcellenceAward2014.The
award was given during
the SME Recognition
Award2014function.
Tung Xin Ning, Director of Clazroom Academy of Media Art receiving The Golden Phoenix Award.L-R: Dato Sri’ Paduka Jenny Hoon, YB Datuk A.Kohilan Pillay, Tung Xin Ning
Jason Tan, centre, gives the thumbs up for the special award
CC Ngei (R ) with his Vistage Chair, Lee Lai Keong at the awards Ceremony
ANNoUNCEMENTS
CallBeeLay/Kareena/Anne@0322842176orclickhere
foronlineregistration:http://www.vistage.com.my/
vistage-awareness-event-2-0/
ViStagE aWarEnESS EVEntS 2015
mth KL PG
Jan-15 10th (Sat) 22nd (Thu) 14th (Wed)
Feb-15 - 11th (Wed) 4th (Wed)
Mar-15 7th (Sat) 25th (Wed) 4th (Wed)
Venue SDCC SDCC The CEO
Time 9.30am 11.30am 2.30pm
C
M
Y
CM
MY
CY
CMY
K
idea_06(new size)_final(OL).pdf 1 12/19/14 9:53 AM
side effects from chemotherapy. Bioresonance Therapy (BRT) has helped to reduce the side effects of chemotherapy and reduce the degenerated cells
sessions of BRT. I strongly recommend other patients who suffer from a similar health issue as me to undergo BRT treatment."
FIRST IN IPOHBioresonance Therapy (BRT)German technology used by Doctors in Europe, China, and as complementary therapy in Singapore and China.
Wisma MFCB, A-2-01A Second Floor, #1 Persiaran Greentown 2, Greentown Business Centre, 30450 Ipoh, Perak.Tel: +605 2415 122CM Wong: 012 5102555
Tabout the sins of immoral activities.
“We want more youths to join our organised rides. This is to remind them the
reporters.
helmets and would travel at a much slower speed.
Charity Bike Ride
I asked Liew Yu-Wei the Executive Director of the soon-to-open WEIL Hotel whether in this age of mass production, anyone understands the meaning of the
as ‘made to order’. For that is what they are calling the newest hotel to come on the Ipoh scene in their advertising: ‘A bespoke hotel – fuelled by the desire to provide a unique experience for today’s traveller’.
hardware as in our product but also in software as in our people,” he replied. “Hence the description of ‘Bespoke’. We are putting in the best of the best in decor, furnishings
service professionals in the hospitality industry,” he added.
Scheduled for a soft opening at the end of October, the WEIL Hotel will be giving all other hotels in Ipoh some stiff competition when it opens. The WEIL hotel will be managed by WEIL Resources Sdn Bhd, a member of the Thong Fook Group under the chairmanship of Dato’ Liew Sew Yee, whose late father started the Thong Thye Groundnut Factory under the popular Pagoda brand in
venture into the hospitality business
grow into a chain. Thong Fook whose historical
roots are in the manufacturing of plastics and electronic components and best known for their Pagoda brand of peanuts and nuts, has
the manufacturing arm was sold. Coincidentally at the same time, younger son of the family, Yu-Wei decided to leave his management
Lumpur to return to the family business in Ipoh.During their manufacturing days when their German
partners came to Ipoh for meetings, they would have so many complaints about the hotels in Ipoh that many
evening rather than to spend a night here. It was then that the seed for venturing into the hospitality business was sown in Dato Liew’s mind when he made a promise
‘Bespoke’ Arrives in IpohAdvertorial
to his German friends of “in the future I’ll build an hotel where you’ll be happy to stay”. This promise accounts for the development of the WEIL Hotel and their branding of ‘A Bespoke Hotel’.
Yu-Wei’s decision to return to Ipoh came at an opportune time and the decision to develop the WEIL Hotel was made. A Mechanical Engineering graduate from
Imperial College in London, Yu-Wei has been involved with the family business in various capacities. During his time as a Consultant with Accenture (Malaysia) he had been exposed to various consulting
process re-engineering, system integration and outsourcing. But hotel management expertise was missing. That was when Yu-Wei decided to take a year off to do his Masters in hospitality management at EHL in Lausanne,Switzerland. This he did with alacrity and returned
The name ‘WEIL’ is an ananym (real name written backwards) of the family name. The
and all carpeting, wallpaper and many other items will be
32sq m (344sq ft) to a maximum of 65sq m (699sq ft) will all have complimentary mini-bars, tea and coffee-making
facilities and all bathrooms will have standalone shower stalls with handheld as well as rainforest showers as well as bathtubs. A Presidential Suite of 303sq m (3272sq ft) offers the epitome in accommodation.
Food and Beverage venues spanning two levels and the rooftop offers a tantalising selection of international and local cuisine. Eight wining and dining experiences await guests with a Chinese, Japanese, Western restaurant, rooftop Gastro Bar, All-Day Dining & Alfresco, Tea Lounge, Delicatessen and a Cuisine Academy take on an elevated experience where cooking demonstrations and Chef’s Table dining soirees will be held. The WEIL Ballroom on Level 6 will be the ideal venue for banquets and momentous occasions while their Conference Centre
located at Level 2 compliments events catered towards industry leaders and aspiring entrepreneurs.
The WEIL Hotel will be raising the bar on leisure and relaxation with extensive facilities which includes a gym,
convenience of their strategic location with a dedicated connection to Ipoh Parade Shopping Centre makes WEIL Hotel a distinguished landmark, a preferred address – the quintessential destination for business and leisure. 296 dedicated parking bays plus the ones available for Ipoh Parade will make the WEIL Hotel a convenient and attractive magnet for leisure and pleasure.
Other enticing and exciting developments in the pipeline include a Members Town Club whose details are
Ipoh’s latest ‘Bespoke’ hotel and its team of dedicated hospitality professionals.
News
Nazrin hassan, CEo,Cradle fund Sdn Bhd (VCE-23 Member since 2012)
richard Wong, Chairman & Chief Listener, Vistage Malaysia Sdn Bhd (current President MBAN 2014/2015)
Dato’ Liew Sew Yee, Chairman & Chief Executive Director, Thong fook Corporation Sdn Bhd(VTA-1 Member since 1994)
Tan Kee Choong, Managing Director,Signature Manufacturing Sdn Bhd(VCE-22 Member since 2009)
CC Ngei, Managing Director,feruni Ceramiche Sdn Bhd(VCE-22 Member since 2009)
20VISTAGE MALAYSIA NEWS • SEPTEMBER - DECEMBER 2014
VISTAgE-MIEr CEo CoNfIDENCE INDEX
LoW ConfiDEnCEExpectations of a weaker
economycontributedtoalower
Vistage-Mier CEO Confidence
Index.Ofthe373respondents,
52% expec t e conomic
conditions to deteriorate
furthersoon,upfrom40%and
37% in 3Q2014 and 4Q2013,
respectively.CEOsforseealess
robust near-term outlook for
theirbusinesses.Theexpected
profitabilityindexlost13points
from last quarter’s 124, with
only 39% of the respondents
forecastinghigherprofitsinthe
near term, down from 44% in
both3Q2014and4Q2013.
Salary increments for
managerialandnon-managerial
positions are expected to be
mainly in the range of 0-10%
for financial year ending 31
December 2014. New staff
recruitment is expected to be
lessambitiouswithfewer(35%)
respondents planning to beef
up their employee headcount
soon, compared to 42% and
37% in 3Q2014 and 4Q2013,
respectively.
For the full report, pleasevisit
the link http://www.vistage.
com.my/ceo-confidence-index/
4Q 2014 Dec 2014 Malaysia
CONFIDENCE AT A LOW EBBCEOs appeared to be watching the Malaysian economy and prospects of their �rms more closely now than before with lower expectations going forward.
While all six components comprising the Index registered lower this time, the latest reading is driven mainly by the expected economic conditions index which, at 57, plummeted eighteen points from 3Q2014. Of the 373 respondents, 52% expect economic conditions to deteriorate further soon, up from 40% and 37% in 3Q2014 and 4Q2013, respectively.
CEOs are also portending a less robust near-term outlook for their businesses. The expected pro�tability index lost thirteen points from last quarter’s 124, with 39% of the respondents forecasting higher pro�ts in the near term, down from 44% in both 3Q2014 and 4Q2013. Hirings are also expected to be less ambitious with fewer (35%) respondents planning to beef up their employee headcount soon, compared to 42% and 37% in 3Q2014 and 4Q2013, respectively. The index for expected revenue retreated eight points from 3Q2014 to 135 currently, with 49% looking forward to reaping higher sales revenue in early 2015, compared to 54% and 53% in 3Q2014 and 4Q2013, respectively. Fixed invest-ment expenditure is also expected to cool in the months ahead, with those contemplating on cutting back on such investment having increased to 16% from 11% a quarter ago.
REGISTRATION FOR THE GOODS AND SERVICES TAX (GST)CEOs are generally gearing up for the implementation of the Goods and Services Tax (GST) which was opened for registration to companies recently. 64% of the respondents said that they have already registered, while 21% are in the process of registering and 15% noted that they are aware of it.
CHALLENGES FACED IN THE IMPLEMENTATION PROCESS OF THE GST Notwithstanding the registration of the GST by majority of the respondents, 60% are still unclear about the operational guide-lines issued by the authorities. While 40% are facing a shortage of adequately trained sta� for the implementation of the GST, 33% �nd the accounting software a challenge. Another 7% cited, among others, challenges such as ambiguity in the actual proce-dures involved, billing to meet the 21-day closing period for tax refund, unavailability of a complete list of non-GST-related items, cash �ow and credit control concerns, and the costly consultancy fees and set-up to GST readiness.
LENDING PROBLEMS WITH LOCAL AND/OR FOREIGN BANKSCEOs are generally not a�ected by the recent tightening of lending by banks. 98% said they have no lending problems with local banks, while 59% noted the same with foreign banks, indicating that local banks are likely more �exible than their foreign counterparts on business lending. Of those with lending experiences with local banks, rejection of new applications and credit limit cut-back were the main problems faced, with 30% and
The Vistage-MIER CEO Con�dence Index fell to its �ve-quarter low of 80.6 in 4Q2014, ebbing almost nine points quarter-on-quarter. Only 5% of the respondents opined that overall current economic conditions in the country have improved, the lowest proportion polled since 1Q2009.
39% of CEOs expected pro�ts to increase, down from 46% in both 3Q2014 and 4Q2013.
49% of CEOs forecasted higher revenues, down from 54% in 3Q2014 and 53% in 4Q2013.
64% of CEOs have already registered themselves for the Goods and Services Tax (GST).
40% of CEOs faced a shortage of adequately trained sta� for GST implemen-tation.
98% of CEOs have no lending problems with local banks.
68% of CEOs opined that the govern-ment should revisit regulations governing the property sector.
32% of CEOs believed that the fuel price hike would have signi�cant impact on their cost of doing business.
74% of all CEOs ranked their level of competitiveness over the last 12 months as “reasonably competitive”.
71% of CEOs use Facebook and 66% use Google.
99.7104.4
100.9
87.3 85.6
92.289.4
80.6
60
70
80
90
100
110
1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14
C EO CO NF I D ENC E I ND EX 1 Q 2 0 1 3 -4 Q 2 01 4
0
1
2
3
4
5
6
7
70
80
90
100
110
120
130
2010
:3Q 4
2011
:1Q 2 3 4
2012
:1Q 2 3 4
2013
:1Q 2 3 4
2014
:1Q 2 3 4
Vistage-MIER CEO Confidence Indexand Year-to-Year Changes in GDP CCI GDP
