Enhancing The Resilience of The Construction Industry's Performance in Malaysia: Pre and Post Covid-19 Perspectives

Abstract

During COVID-19 pandemic, construction industries faced a crucial financial crisis of rapid capital outflow slipping out of normal equilibrium including high liquidity and unstable exchange rates fluctuation. The disruption of financial distress of construction companies required the government to react aggressively to resurgent economic recovery for future growth through stabilizing the economy and monetary policies. Malaysia Economic Recovery Plan works as an essential driver to reshape the Government's versatility to overcome the effect of COVID-19 pandemic toward financial calamity and the global financial crisis. This study will identify the overall framework for sustaining the survivability of construction companies in Malaysia during COVID-19 pandemic by analyzing the strength and weaknesses of Malaysian construction companies. This study will provide strategic options that could apply to address the gaps through innovation management policies towards the Malaysian Economic Recovery Plan during pre and post COVID-19 in sustaining the survivability of construction industries' performance. This study will form a basis for designing future research to improve the Malaysian construction industry's sustainability.