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Today we will discuss some good news for investors and businessmen in Malaysia or interested to invest in Malaysia, as Malaysia is still safe and will survive the world recession in 2022 starting slowly and might hit the world economy fully by 2024. For the covid-19 pandemic situation, china lockdown and Russia-Ukrain conflict the world economy facing a downward market, specially starting in the oil market.
But the gopod news is, the economic growth projection of Malaysia between 5.3% and 6.3% this year is still good and on track, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
Malaysia would see further growth momentum in the second quarter after recording a strong first-quarter gross domestic product growth of 5%.
Top economists added to the recession talk, with former New York Fed President Bill Dudley saying it was “inevitable within the next 12 to 18 months”. Elon Musk, JP Morgan boss Jamie Dimon and Nouriel Roubini are among several others to have made similar forecasts. The prospect of a retreat in the global economy continued to drag oil prices down as traders fret over demand, with both main contracts down more than three percent, having tumbled on Wednesday.
Brent and WTI have dropped around 15% over the past week, even with sanctions on Russian crude exports and China’s gradual reopening from lockdowns.
Malaysia's economic growth picked up pace in the first quarter and was likely to accelerate further this year amid sustained demand and the reopening of international borders, the central bank said on Friday. Gross domestic product rose 5% in the January-March period, faster than the 4% expansion forecast by a Reuters poll and up from 3.6% growth in the previous quarter.
Although the downside risks have risen on the global front, we are confident of our growth trajectory and we do not see a risk of any recession in Malaysia. Expansion was mainly driven by the services and manufacturing sectors, particularly continuing demand for semiconductors and consumer products such as motor vehicles, Bank Negara Malaysia said.
MARC Ratings Bhd mentioned that Malaysia’s pace of recovery is already relatively slow despite a significantly larger fiscal size seen in the post-2008 Global Financial Crisis, but the good news is it will survive with planned recovery packages and large domestic market growth.
Investments in Malaysian domestic market is still stable and predicted to be stable for another 5-10 years for the survival of your investment. The Malaysian Investment Development Authority(MIDA), Formed: 1967; 55 years ago, is trying their best to keep the economy and investment market stable through global investments which is fruitful enough, proven already. We can ensure investment security and survival in Malaysia on the global economic projection.
This article is going to describe some of the best profitable business ideas in Malaysia for the year 2022, we can also help you to find a business for sale in Malaysia or take over a running business. Specially for the covid-19 economy, the government is moving towards a more business-friendly economy by setting up a special package to facilitate business called PEMUDAH.
Most of the FDI is coming in the Export & Import section. From garments to vegetables everything is being exported & imported from all around the world. We can help you with setup, papers, licenses, ERC & IRC, customs & other all. We also encourage new entrepreneurs to come into this business for a better ROI.
2. Car wash & Automobile
Malaysia’s automotive industry is very successful. In addition, the country is the 22nd largest automotive manufacturer in the world. In Malaysia, most of the people use their private car that's why car wash & auto service workshops have a good profit scope. Vehicles registrations in Malaysia reach 31.2 million units as of 2019. As a Malaysian franchise provider, we can help our clients to get franchise car wash stores & do the full setup.
3. IT Business
For the last few years, Malaysia Govt. giving a very good chance for IT Engineers, as Prime Minister Tun Dr. Mahathir bin Mohamad started MDEC in 1996 & Cyberjaya facility boosted it most. We are also encouraging for investment in Hardware, Software & CRM sectors. We are providing an A to Z facility for our clients to start IT business including Taxation & other facilities.
4. Departmental store
Departmental stores or Kedai Runchit, Pasar Mini, etc are very popular & stable investments in Malaysia. Can start in Minimum investment with small size. But for better profit also can do Franchise Departmental Store, such as 7 eleven, MY 168 MART, etc.
5. Construction or real estate business
As a multi-cultured, populated country, the real estate business is a very profitable business to invest in. In Malaysia, there are lots of land to develop & lots of clients to pay for construction projects. We are successfully processing construction company setup for clients.
6. Small restaurant & food supply
In this present economic situation, we will strongly suggest small size multi cousin restaurant or an online food supply business. A local Malaysian director is a must for restaurant business licenses.
Now a days in Malaysia auto Laundry business is a successful business. You may setup the business near a residence area with working & student class residences.
Malaysia is a tourism dominated economical country, this leaves tremendous benefits to make by investors in the nation’s tourism division. A good budget can open a tourism business, can build, air-ticketing, medical tourism, hotel, guest house, homestay, inbound tour guide center with car rental, etc.
The people of Malaysia are very fashion sensed. A retail fashion clothing store in a commercial location can bring good profits. Specially if you have a production line or garments factory you can make more profit. We are helping with the full business setup process.
Because of the present situation & health safety, cleaning & disinfection services are very profitable & on-demand.
11. Online supply & wholesale business
At this present corona situation & market, online business is new normal, trading & shopping are mostly being done in online markets, apps & websites. The supply chain also got online, we are also helping clients & investors to cope up with the new normal. Which is less hectic, budget-friendly & easy to operate. Our experienced advisors are always here to guide & transform.
12. Oil & Gas business
Oil and gas are the promising industry of the country. Malaysia is an exporter of petroleum products and natural gas. So it's easy to start a business in this industry. There are several business opportunities for small and medium business.
13. Mobile & accessories
Mobile & accessories business has high potential in Malaysia. Usually, Malaysian's are more into new models & trending accessories. The mobile phone accessory industry is growing fast in these parts.
14. Car rental business
The car rental business is a very popular business in Malaysia. Starting a car rental business here can be a profitable investment. We are providing car purchase & full business setup facility.
15. Airbnb business
Malaysia is a tourist county & tourists nowadays are more and more preferring Airbnb for short & long stay accommodation. If you have a property rental or leased property near a tourist destination, can rent it on Airbnb for an easy & profitable business.
Few more small business ideas in Malaysia
Few businesses which foreigners are not allowed to do
To start a business or buy a business in Malaysia you will need business licenses, specially if you are a foreigner, it's a must to have a Pvt. Ltd. or SDN BHD company. We are processing company registration consultancy, bank account, business licenses advisory, accounts & taxes for you by our experienced partner & associate accountants, tax advisors, SST advisors & business investment advisors.
Our company registration consultancy package includes:
Contact & Email us for services price quotation with discount facility for covid-19 situation!
WHY MALAYSIA IS SECURE BUSINESS HEAVEN NOW
Malaysia is one of the strong economic power in Asia & the world, even survived very well in the global resection of 2009. With a multinational population, there is always market demand, most importantly Malaysia is among those countries that have a very powerful online market with an active customer base & because of government aids, banking aid investing is more secure in Malaysia.
This is why, investors from all over the world come to Malaysia with family & kids because of security, respect & loving nature which are the best gift of daily Malaysian life, which is hard to find in many other countries in the world. Invest in Malaysia this 2020, as a foreign direct investment for a better future & family. We are offering many business varieties in various investment budget for foreign investors to make a profitable business investment as per their budget, so everyone gets a fair chance to make genuine investment & business survival in Malaysia, to grow together with Malaysia.
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