Image by Lynette Coulston from Pixabay
The COVID-19 pandemic made many medium and small-scale businesses shut down, and this resulted in thousands of people losing their jobs. The unemployed rates went up, and this caused a major negative impact on the Malaysian economy as well. The crisis continues, but the economy tends to gradually improve with many initiatives by the government.
However, with people losing their 8-5 jobs amidst the pandemic, many Malaysians have started initiating start-up businesses. They have also started going digital, provided that the pandemic limits them to engage in regular retail businesses. The online market keeps on increasing in Malaysia and online transactions have increased much greater than ever in history. Many beach resorts in Malaysia the likes of Anantara Desaru Coast Resort & Villas support local businesses as a practice.
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