According to Sime Darby Bhd group chief financial officer Mustamir Mohamad, (pic) effective management of the group’s cash flow was critical during the pandemic to ensure there was sufficient cash for its various businesses.
KUALA LUMPUR: Most businesses are grappling to stay afloat as they confront uncertainties through and beyond the Covid-19 pandemic.
But there are some businesses that have quickly responded to the changes during this period.
The companies moved early to rationalise their balance sheets to improve cash flow as well as cutting back from non-core businesses to mitigate the impact of the pandemic.
One such company is Malaysia’s oldest and diversified conglomerate Sime Darby Bhd