Global economic downturn should be taken as opportunity to improve processes and efficiency

GEORGE TOWN: The current global economic downturn should be taken as an opportunity for industries to improve their processes and efficiency.
Solutions development provider Infor vice-president (Asean and Pacific) Helen Masters said companies should review their methodologies now so they can benefit when the economy improves.
"The best time to improve business processes are when times are slow, industries can take advantage of the improvements when the economy goes on the up," she told a press conference after delivering her keynote address at a roundtable discussion today.
Masters was also optimistic about the Malaysian economy despite the poorly performing Ringgit.
She said investors would find it cheaper to invest in Malaysia and benefit from exports since Malaysian goods were cheaper to sell.
He also remained bullish about Malaysia, noting the gross domestic product (GDP) rate was between 4% and 4.5% so far compared to Singapore with only 2%.