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.
Economies, XXXVII-4 (December 1999) 4(December 1999): 417–38.
Baharum, F., Kamal, E. M., Haron, S. H., and Ulang, N. M. (2012a). “The Critical Review on the Malaysian Construction Industry.” Journal of Economics and Sustainable Development 3(13). www.iiste.org.
———. 2012b. “The Critical Review on the Malaysian Construction Industry.” Journal of Economics and Sustainable Development 3(13).
Esa, M. B., Ibrahim, F. S. B., and Kamal, E. B. M. (2020). “Covid-19 Pandemic Lockdown: The Consequences towards Project Success in Malaysian Construction Industry.” Advances in Science, Technology and Engineering Systems 5(5): 973–83.
Khalafallah, A., Soliman, E., and Alrasheed, K. (2022). “Impacts of COVID-19 on the Middle East Construction Industry.” Journal of Engineering Research (Kuwait) 10(3): 34–58.
Nweke, K. I., and Nouban, F. (2022). “Effect of Covid-19 Pandemic on Construction Industry Management.” International Journal Peer Reviewed Journal Refereed Journal Indexed Journal Impact Factor SJIF 8(04): 2020–21. www.wwjmrd.com.
Ogunnusi, M., Omotayo, T., Hamma-Adama, M., Awuzie, B. O., And Egbelakin, T. (2022). “Lessons Learned from the Impact of COVID-19 on the Global Construction Industry.” Journal of Engineering, Design and Technology 20(1): 299–320.
(Ahmad et al., 2023)Ahmad, R., Said, R., Arsad, S., Abu, M., Bakar, & Ezanee, A. A. M. (2023). Enhancing The Resilience of The Construction Industry’s Performance in Malaysia: Pre and Post_Covid-19 Perspectives. International Journal of Academic Research in Business and Social Sciences, 13(10), 167–175.
Copyright: © 2023 The Author(s)
Published by HRMARS (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode
