RM1.36 trillion revenue for top 200 firms

Malay Mail, February 5, 2013

MALAYSIA’S top 200 companies earned a total of RM1.36 trillion in revenue last year and net profit amounted to RM163 billion, said credit management company DP Information Group managing director Chen Yew Nah yesterday Of the 14 sectors considered, she said the four strongest sectors of petroleum and gas, holding firms, manufacturing, financial and insurance generated more than two thirds of the combined revenue.

“In the top 10 positions alone, nine home-grown companies like Petronas, Malayan Banking Bhd, YTL Corporation Bhd and the Axiata Group Bhd are in the lead,” she said during a briefing on Asian Corporate Giants.

Asian Strategy and Leadership Institute chief executive officer Tan Sri Michael Yeoh said amidst the positive prospects, corporate could face a few worrying challenges this year onwards.

“The biggest challenge will be talent shortage. Companies have to strategise ways to attract and retain talents, as well as sustaining business growth.

There’s no point of being successful now if you are only going to fall back after two or three years.”

Chen added that companies which have ventured globally also need to have an exit strategy should the venture collapse and ensure they secure the right level of financial support.

She said companies should now focus on 11 growing markets of China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, the Philippines, Singapore, Taiwan and Thailand.