Malaysian small business confidence has increased significantly in 2012, according to the CPA Australia Asia-Pacific Small Business Survey 2012.
The confidence that Malaysian small businesses have in their business is somewhat higher than the confidence they have in the broader economy, though confidence in the economy is still high.
The CPA Australia Asia-Pacific Small Business Survey 2012 was conducted with owners or senior representatives - including those in senior financial roles - of businesses with less than 20 employees.
The markets included in the survey were Australia, Hong Kong, Malaysia, Singapore, New Zealand and Indonesia.
In total, 1,764 respondents participated in the survey. Respondents were questioned on a number of issues, ranging from the broad (economic outlook) to the detailed (sources of finance and staffing trends).
The confidence that Malaysian small businesses are experiencing is flowing through to employment, with nearly one-third of Malaysian small businesses increasing the number of employees in 2012 and 41% expecting to increase the number of employees in 2013.