Businesses see drying-up liquidity and more layoffs

 The survey, covering 800 respondents, showed that 74.9 per cent of businesses said they suffer from a liquidity problem while 60 per cent expressed the difficulty in tapping funds.

 Ninety three per cent is concerned with the declining orders and said they would be in business for only 8 months, mostly supported by the companies' accumulated profits. If the situation does not recover within 8 months and without additional liquidity injection, about 700,000 workers would lose their jobs, and this would boost the total unemployment to reach 1.2 million.