Annual Report 2022
2022 began with war returning to Europe, reviving Cold War-style acrimony between Russia and the West. We also witnessed extraordinarily high inflation rates around the globe, including Malaysia, where the rise in food and fuel prices were felt especially by the B40. Part of this serves as a reminder of the impact of the climate crisis and the need to change and to do it now. Not to mention, rising tensions between the US and China continue to grow as the global community waits anxiously to see what the position of Beijing will be on Taipei.
But despite these headwinds, Malaysia witnessed many trade wins in what was a challenging year for most. As you will see on our front cover, we have chosen the theme “Tropical trade wins amid global headwinds: Trekking into a new frontier” to encapsulate 2022’s Annual Report. A play on the words “trade winds”, we felt evoking the prevailing equatorial winds early traders would use to guide their vessels to Asia was apt amid shifting focus to this part of the world while new frontier signals the opening up of the economy after Covid-19.