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 Do u feel currently the buisness is very hard now?, after MCO open, buisness good or bad?

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keybearer
post Feb 23 2023, 09:09 PM

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F&B franchise here, roughly 15-30% slower. Though heard of some franchise restaurant getting up to 50-60% slower so unker just cukurrr as long as can pay off loan.

Major drop from FP, Grab & Shopeefood platform though.
Platinum Sand
post Feb 24 2023, 09:53 AM

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QUOTE(Prometric @ Feb 23 2023, 02:41 PM)
Not convenient to say, cause my market very niche
*
No worries. Anyway I found recent years construction project also shrink, less project. construction raw materials also increase .(recently just renovate my house). Those G5-G7 not so active like last time .
GiganticBird
post Feb 24 2023, 10:30 AM

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QUOTE(nihility @ Feb 23 2023, 01:55 PM)
After the MCO, the situation is like there are a lot of backlogs order piled up. Those have been locked up, got money cannot spend. Once they are released, they spend most of their money if not all, with the mentality " I don't spend now, I may not be able to spend it anymore"  due to the fear that nature can anytime call them back.

Hence, immediately after MCO, the spending is there. The backlogs of the purchasing power need some time to clear. The new businesses feel the business is encouraging :-

- 3months still crowded,
- 6 months still crowded,
- 9 months pass still crowded,
- 12 months pass still crowded.

All these crowded are from the backlog waiting / queue. Of course during the period, the operator will think it is correct time to expand, hence more & more expansion.

The effects when the crowd put a stop on spending, the market can only feel the effects 6~9 months down the road. Now could be the period of normalizing effect actually being felt by the public.

Next 6-9 months will see  quite a number of newly opened F&B shops to cease operation.
*
very perceptive.
SUSRolexseller123
post Feb 24 2023, 10:33 AM

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QUOTE(jrshow @ Feb 23 2023, 11:17 AM)
Guys, after MCO is over, u guys business good or bad now?
I been hear many of the business man, business is good when government allow people taking EPF.
After that, when OPR crazy increase, each month drops around 90% .
Can share ur current business environment now? thank
*
Depends what biz la. E.g. you do sell face mask biz sure bad la post MCO....
anakkk
post Feb 24 2023, 10:36 AM

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QUOTE(jrshow @ Feb 23 2023, 11:17 AM)
Guys, after MCO is over, u guys business good or bad now?
I been hear many of the business man, business is good when government allow people taking EPF.
After that, when OPR crazy increase, each month drops around 90% .
Can share ur current business environment now? thank
*
I have been hearing businessmen says business no good ever since 1998 crisis.
icemanfx
post Feb 24 2023, 10:48 AM

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QUOTE(nihility @ Feb 23 2023, 01:55 PM)
Next 6-9 months will see  quite a number of newly opened F&B shops to cease operation.
*
QUOTE(keybearer @ Feb 23 2023, 09:09 PM)
F&B franchise here, roughly 15-30% slower. Though heard of some franchise restaurant getting up to 50-60% slower so unker just cukurrr as long as can pay off loan.

Major drop from FP, Grab & Shopeefood platform though.
*
Due raised in minimum wages, restricted foreign labourer, raw material price rise, etc, some established eateries already started to reduce their outlets.

QUOTE(Platinum Sand @ Feb 23 2023, 02:23 PM)
What to do with construction? U mean machine?
My line, after mco knn everything increase. 1 years 3 4 time price increase.
*
QUOTE(Platinum Sand @ Feb 24 2023, 09:53 AM)
No worries. Anyway I found recent years construction project also shrink, less project.  construction raw materials also increase .(recently just renovate my house). Those G5-G7 not so active like last time .
*
Due to materials price rise, shortage of labourers, huge increase in wages, slow in gomen approval, etc, many projects are on hold, deferred or cancelled.
Platinum Sand
post Feb 24 2023, 12:01 PM

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QUOTE(icemanfx @ Feb 24 2023, 10:48 AM)
Due raised in minimum wages, restricted foreign labourer, raw material price rise, etc, some established eateries already started to reduce their outlets.
Due to materials price rise, shortage of labourers, huge increase in wages, slow in gomen approval, etc, many projects are on hold, deferred or cancelled.
*
Yes. Most critical part is gomen approval and license. I mean not only construction line, others bout the same.
etan26
post Feb 24 2023, 01:36 PM

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QUOTE(jrshow @ Feb 23 2023, 11:17 AM)
Guys, after MCO is over, u guys business good or bad now?
I been hear many of the business man, business is good when government allow people taking EPF.
After that, when OPR crazy increase, each month drops around 90% .
Can share ur current business environment now? thank
*
each month drops around 90% . . . haha ... joking ke ni? Like that better tutup kedai ....
TSjrshow
post Feb 25 2023, 02:41 PM

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QUOTE(etan26 @ Feb 24 2023, 01:36 PM)
each month drops around 90% . . . haha ... joking ke ni? Like that better tutup kedai ....
*
dah tutup kedai bro,when i c it in 3month i direct close all to cut lost
alexchew_2020
post Feb 25 2023, 02:45 PM

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depends on which type of business... food n beverage seem profit... price keep mark up.
faridr
post Feb 25 2023, 03:53 PM

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F&b for custom order stuff, during MCO really booming till my wife decided to rent shop for operation.

Now, the sharp increase in min wage, raw item price going up like mad, grab /lalamove delivery cost increasing, and kena absord some of the cost since customer will lari if increase too much, barely making it, but thankfully still tak rugi.

This post has been edited by faridr: Feb 25 2023, 03:55 PM
adele123
post Feb 25 2023, 08:08 PM

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QUOTE(Prometric @ Feb 23 2023, 02:41 PM)
Not convenient to say, cause my market very niche
*
Can share b2b or b2c?

Just curious
koja6049
post Feb 25 2023, 09:03 PM

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i know a relative working in injection moulding factory, forced to take a paycut and work 3-day week
TSjrshow
post Feb 26 2023, 11:17 PM

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what can i c is grab,food panda now really no buisness already, at least decrease 70%. F&B i dun think good da well, i saw few of the sushi shop shink, 3 shop become 2 shop or even 1.
Starbucki
post Feb 27 2023, 01:01 AM

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Yes it was selow since January. Last year's January was way more bullish as everyone was excited on post covid reopening. But this year is sluggish. Winter has come.
pisces88
post Feb 27 2023, 02:40 AM

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Now hvnt feel it, fnb still long queues. Wait la US side crash recession then winter for everyone
weehoi
post Feb 27 2023, 05:14 AM

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QUOTE(jrshow @ Feb 23 2023, 11:17 AM)
Guys, after MCO is over, u guys business good or bad now?
I been hear many of the business man, business is good when government allow people taking EPF.
After that, when OPR crazy increase, each month drops around 90% .
Can share ur current business environment now? thank
*
Here bad also...

Last year 12 months work part time can survive no problem but now productivity double of last year but income only 20% of last year...

EPF was definitely a stimulus.

In US when gov gave tax cashback Amazon sales will suddenly explode. But during low season people will be tight and using credit card limit to pay expenses and rent just to get by life...

This post has been edited by weehoi: Feb 27 2023, 05:15 AM
TSjrshow
post Mar 14 2023, 02:56 PM

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QUOTE(keybearer @ Feb 23 2023, 09:09 PM)
F&B franchise here, roughly 15-30% slower. Though heard of some franchise restaurant getting up to 50-60% slower so unker just cukurrr as long as can pay off loan.

Major drop from FP, Grab & Shopeefood platform though.
*
tot F&B is hot cake now...
TSjrshow
post Mar 14 2023, 02:56 PM

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QUOTE(pisces88 @ Feb 27 2023, 02:40 AM)
Now hvnt feel it, fnb still long queues. Wait la US side crash recession then winter for everyone
*
US crash looks like reach alr...is there winter alre?
K.I.T.T
post Mar 14 2023, 06:10 PM

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QUOTE(jrshow @ Feb 23 2023, 11:17 AM)
Guys, after MCO is over, u guys business good or bad now?
I been hear many of the business man, business is good when government allow people taking EPF.
After that, when OPR crazy increase, each month drops around 90% .
Can share ur current business environment now? thank
*
betul la tu. masa PKP buat duit mmg best.
aku konfiden pindah shah alam.
mana tahu last year bisnes macam celaka.

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