Businesses of all sizes reported general improvements in their business conditions in January 2022, compared to the previous month, due to increased activities with further COVID-19 de-escalation plans in the Early Endemic Phase. Micro and small businesses recorded a Business Sentiment Index (BSI) of 50.1, while medium and large businesses recorded a BSI or 50.2. The BSI and sub-indices can be interpreted as: above 50 – expansion/optimism compared to the previous month; 50 – no change compared to the previous month; and below 50 – contraction/less optimism compared to the previous month. More details in Tuesday’s Borneo Bulletin.
