Businesses are more cautious about their prospects in the first quarter of 2021 (Q1 2021), in view of the spike in the new Covid-19 cases which led to the reimposition of the movement control order (MCO) in all states except Sarawak.

This was revealed in the Department of Statistics Malaysia’s (DOSM) Business Tendency Survey, which measures expectations on business performance for the upcoming quarter and six months ahead.

In a statement today, chief statistician Mohd Uzir Mahidin said the survey had covered...