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This article first appeared in Forum, The Edge Malaysia Weekly, on May 17, 2021 – May 23, 2021. – A + A In the first quarter of 2020, major companies were predicting that 2020 would be another bumper year for profits. Asean's growth rate was predicted at a high 5%, double the global average. Yet by April 2020, as the Covid-19 pandemic raged on, Asean's growth rate had shrunk to 1%, the lowest in Asia. As more countries paused economic activity for public health reasons, companies suddenly saw their revenue dry up. They went from boasting that profits would last…
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