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

Can you share first? Since you're asking the question.

Those allowed to operate during MCO, post MCO business become bad.

Those not allowed to operate during MCO either sudah tutup or doing good now.

Seriously isn't this an obvious answer?

Exponential growth = business good
Linear growth = normal business

Semalam unker went to see a customer that run a cafe who plan to open another new restaurant. According to him, his business getting better as compare to before covid. Unker business also is better as compare to before covid. For my side, I think it got to do with covid, which encourage people to shop online as I'm in the online business. After covid, my business drop as compare to during covid, but if compare to before covid, it's better. During covid, it help to generate new leads and these new leads stay even after covid. After covid, large part of the new lead generation shift back to brick and mortar. But I think most pipu learnt to compare prices online before do their shopping.

This post has been edited by ListenToTheWind: Feb 23 2023, 11:46 AM

Inflation is a pain. One of my side hustles depending on local market already shut down. Even personally I try not to eat out and even if I do, I never order drinks.

My main business (something to do with construction) is really slow and quiet. Go around and check with my client all also say slow and downsizing / cutting cost.

But luckily i started my side hustle during MCO and business is picking up. Also just setup another company early this year, and i would say business has been fantastic.

So far so good for my media & advertising company. Picking up since MCO. Staff all WFH so save on office rentals and only meet them on Monday & Friday at cafes for meetings/updates etc.

This post has been edited by meghamtaro: Feb 23 2023, 11:56 AM

what i see many biz tutup becoz rental of shop increase very sharply.
usually rent 4-5k/mth now going up to 6/7kmth...
some corner shop rental is 14-16k.

Not all ,some company really earning just don't tell u

after mco just reopen everything so business is kinda good since people all are starved for entertainment and the nice hipster food. after a year or two when it starts to normalize then you'll see some struggle but this is the time to be raking in all the money as much as possible
all the tourist will be coming around to spend spend spend

Construction (small scale) lack manpower /kuli
Import n resale car go brrrrrrr

where did all of them go?

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.

1. Still hard to bring in foreign labour for this sector
2. A lot hiring for em, price was good rm3k++ , but also hard to find good worker

What to do with construction? U mean machine?
My line, after mco knn everything increase. 1 years 3 4 time price increase.

Not convenient to say, cause my market very niche

record breaking sales surprisingly

Yeah, feel a bit pinch
Need to manage cash flow

Work until pengsan.

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.

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 .

very perceptive.

Depends what biz la. E.g. you do sell face mask biz sure bad la post MCO....

I have been hearing businessmen says business no good ever since 1998 crisis.

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.

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

depends on which type of business... food n beverage seem profit... price keep mark up.

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

Can share b2b or b2c?

Just curious

i know a relative working in injection moulding factory, forced to take a paycut and work 3-day week

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.

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.

Now hvnt feel it, fnb still long queues. Wait la US side crash recession then winter for everyone

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

tot F&B is hot cake now...

US crash looks like reach alr...is there winter alre?

betul la tu. masa PKP buat duit mmg best.
aku konfiden pindah shah alam.
mana tahu last year bisnes macam celaka.

u wait this Mei 2023 . after raya.

selling to business still good

selling to consumer maybe bad

depends what are you selling

wat buisness u do bro

True. Spoke to my regular ChapFan lady boss I commented good business, she stared angrily at me a sec and then commented at the side, cost keep increasing but she cannot raise her price accordingly due to customer complains so her margin is being squeezed.

online bussiness.

this week seems like will recover abit, but 2023 should be winter . jus a matter of when

not sure now izzit winter? how to determind winter?

now belum winter leh. patience...

Because we have :
a) subsidies
b) e-wallet
c) debt buy now pay later

This year 2 raya besar already awal tahun.
After raya sales start slowdown.
It happened last year. But covered by KWSP , Gaji minimum , PRU15
But this year start from Mei until Disember
Sure item like sayur , ayam , telur ( barang kawalan )
Price will go up.
Only Malaysia sales bad then jack up prices.

sometimes i wonder, if everyone's losing, who's winning?

Go to malls and look see , busier than ever. First xmas , then CNY ... upcoming raya.

F&B is busier than ever .... lots of revenge spending and catching up from MCO era

Elsewhere in world , all tech companies are cutting staff and spending

increasing inflation and decreasing margins, it is a tough environment for most businesses

maybe the capitalism taikun

Im in construction line and we are struggling. Competitive and collection is very bad

i tot concruction line is very good now?

mind to share urs?

No

It depends on business nature. Those involve in accommodation service provider saw a rebound.

come back to the title...employer and employee.. do u feel the economy run down now..?

nobody I speak to say economy is ok

Gomen servants and glc employees are immune from economic recession e.g ioi city mall will remain vibrant regardless.

This post has been edited by icemanfx: May 10 2023, 11:26 AM

some ok some not ok...
you see the nasi lemak akka business good or not

alot are operating on a loss. Pre MCO get tender and projects, stop during MCO and when able to start again, supplies and material prices went up. Labour shortage is also a very critical problem. Manpower cost also went up.

contractors no choice but to continue work until project is completed.

During COVID19, people's purchasing power were artificially inflated due to moratorium and KWSP withdrawals.

Imagine you suddenly got extra 20-30k cash in your hands and still able to earn as usual, all spend like crazy. So certain businesses that suddenly earn a lot, assumed that the spending trend will continue even after COVID19 so they expanded their business or made expensive purchase.

My friend opens up a bicycle shop during COVID19 but now complaining business are slow. Niama, sudah open shop then go buy Vellfire because business are so good now regret lol.

Now endemic phase where everything is slowly returning to pre-covid era, a lot of those fellas who overspend are feeling the pinch. Hence keep on crying to the Govt for another round of KWSP withdrawal.

Hopefully whatever non controlled item prices that went up crazily during COVID19 will back become cheaper.

bad if compared to last year. a lot of businesses benefitted last year from the epf withdrawal.

This. People thought economy strong is because fundamentals strong, padahal 150b of EPF money is what made the economy looked strong. Time to face reality.

This post has been edited by Sihambodoh: May 10 2023, 03:48 PM

The only business that is good is fnb

You got to be kidding

Its one of the hardest to survive.

Ppl claims Kenny Hills Bakers are always full with crowd regardless which branch. That claim was inaccurate in my opinion. The photos below showed otherwise :-


The staffs got time to stand at the front entrance looking/waiting for the customers to appear.





This branch at IOI City Mall occupancy rate during lunch hour was only around 30% the most from my observation during lunch hour on weekdays. They relies heavily on weekend sales.

Malaysia’s 2023 GDP growth forecast is at 4.0% and inflation to remain elevated.

For Malaysia economic growth is set to slow down in 2023 as global economy is expected to experience a mild recession.

“Withdrawal Syndrome” after “Sugar Rush”

Most businesses will harder next year.
Brace yourself on the Banking Crisis if they failed to manage.

Waiting game right now for myself as small time employer, because of rumors of further OPR hike, 20% employers EPF and further increased in min. wage (+ subsidy cuts post-election later). If math really don't check out may have to reduce headcount.

Quite scary hearing other businesses reducing left & right, less & less employment & money in the market.

Still dun think the banking crisis is going to be this bad over here as we still follow islamic principals.

But most people dun really think and actually thinks that 20% employer EPF and further increase in min wage is a good thing.

And what is sad is, they eventually increase the EPF min age and decide to pay monthly payments for EPF. Then you give 20% also no use.

I really laugh to be honest at all these.

This post has been edited by BrookLes: May 10 2023, 09:59 PM

Most experts say that it has "limited impact on Asian markets".
I'll say that Banking Crisis is contagious.

Almost every week got F&B biz at Sri Petaling seeking takeover.

Note the difference between takeover & shut down.

Takeover:
-under tenancy, if void contract will lose deposit, usually 4 months.
-can recoup back some funds that're spent on tools, equipment, furniture & interior design.
-staff still employed, no need to compensate them.

Shutdown:
-usually tenancy gonna mature.
-need to restore unit back to original state before return to landlord.
-layoff permanent staff.

After MCO in 2022 good - epf withdrawal + excess money due to MCO.

2023 is bad bcs epf and excess money all gone already.

We all know this is going to be temporary and there will be repercussions later on.

Sorry, can you elaborate the word in bold? Don't quite understand.

Anyway IMHO the worst of them all is EPF. Employee take home salary is the same, but business operation cost increases causing business to past that cost to consumer, causing even lower purchasing power as price increases. Definitely not the right time when the current economic downturn still doesn't have the light at the end of the tunnel. Not to say things like those aren't a good thing, but the timing couldn't be worse.

But I paling kesian is retiree / pensioners. They're mostly on static savings / pensions but these past few years of inflation gonna eat them up. It's also very difficult for them to find jobs at those age, whether because of they themselves or the employers (can't teach an old dog new tricks stigma) so they don't have much options.

Food is good, but too expensive IMO.

I frequented a lot of fnb before, but now rarely as prices keep going up. Very hard to find a decent meal under rm20 in malls nowadays. Even KFC dinner plate is RM23+. A cup of atas coffee easily RM10++

Very simple. Just follow Singapore style of only above 60 years old CPF will pay and they dun pay everything but month by month.
So end up those people still have to work even when above 60 years of age.
And worse still if say they estimate that your lifespan is say until 100 years when the actual average age is 70 years.
So even though it appears EPF have more but actually the person receiving the EPF still have to work despite accumulating a lot.
Which defeats the purpose.

Actually what biz are you involved in?
The idea of charging more EPF actually definitely does not benefit the employee. Eventually companies will have to lower the salary to compensate for the higher percentage pay to EPF. So technically the employee will suffer. But normal people dun think like that.

EPF is actually technically government money. But citizens get gaslighted into thinking it's their money. I rather "earn" a little bit less by putting into FD that can pay say 4.5% and able to take out my money anytime and at most say 1 year when my FD expire then put in EPF that pays 5.2% but have to wait until 55 years old. And you also dunno whether in the future they will lower the profit margin to less then FD.

This post has been edited by BrookLes: May 11 2023, 03:48 AM

Non essential mall retailer reporting in..

2023 we had the slowest pre raya sales ever...

And post raya is bad.

Pj kl still ok..

But klang gonna face worst in 7 year.

F&B franchise. I think you're mixing up employees & employers, and yeah, that 20% definitely benefit government more (or rather cronies, since they can quietly lobby for that investment, but let's not go there). But it not benefiting employees is technically correct, companies would just deduct it from someplace else (lower benefits, insurance, etc.), those that can't will reduce headcount, etc. Things can't be conjured out of thin air.

Employee thinks they benefit from this 20%. But no. Because like I explain, their salary will most likely be deducted. And head count will be deducted. And they have to work even harder to justify the higher 20% epf.

But then at the same time, they do not get to enjoy this increase in 20% of EPF until a very later stage of life. And like I explain. They may not even "enjoy" this.

Actually if I were you, i will tell your employee that you are going to increase their salary by 10-12%. But they have to set up a corporation or something so that they do not have to pay EPF and also you do not have to do that. You will pay them the salary like before. Get what i mean?

Ok I did mix it up upon further checking

This post has been edited by BrookLes: May 11 2023, 03:50 AM

The food no doubt is good but with the similar pricing range, there are a lot of other alternatives.

I strongly believe, for a healthy business, you need a recurrence visitors. Those who come 1 & 2 times just to try & feel out the environment & ambient will give a very wrong impression that the business is good and can sustain in long run.

to prevent hyperinflation is good. I see people eating RM 20 icecream and yougurt or the whole family, don't you think there is big problem.

malaysia money very small still can spend like crazy.

This post has been edited by kelvinfixx: May 11 2023, 09:36 AM

FnB still booming. Every week got new cafe opening.
People still queue up to buy RM16 llaollao while some eating 2 dishes rice less than RM8 every day.

Ramen shop open a lot

1 bowl rm30-40

What is ur side hustle....mind sharing...?

pet product / food shop is booming too

Gomen servants and glc employees are immune from economic recession.

Typical in f&b business, when a business is popular and profitable, many will open but few will be around in 3 years time.

Furniture manufacturing, many company sales drop >50%.
US market..die
Europe market...die
China market...not that good also
Worst than 1997 crisis.

i read through many report, sometimes really not sure it is real or not,
for example, US. they said they still having strong employment, strong dometic needs etc. economy will be just soft landing

will it be worst then when it is in covid time?

very bad, since the OPR naik just 0.5% that time, each month drop 90% buisness, no eyes c 0.75% increase in US mcm mana

Believe it or not, when covid time their business actually quite good. It starts to get bad after the russia war, worst during china big lockdown, now just very very slowly recovering.