Local businesses say they’re running out of cash

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High operating costs and cash flow problems have hampered business operations, according to a survey by the Chinese chambers of commerce. (Bernama pic)PETALING JAYA: A majority of local Chinese businesses and industries have reported cash flow problems because of the Covid-19 pandemic which left them unable to cope beyond six months.The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) said 80.7% of respondents to a survey indicated that their current levels of cash flow could not cover operating expenses for more than six months.About 74% of its 696 respondents said their top concerns were costs, credit and cash flow, while 48.3% of respondents said high operating costs and cash flow problems had dampened their business performance in the second half of 2020.The costs included expenses for business operations or production, purchase of raw materials an…