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Doing business in Malaysia 2022

Malaysia, dynamic and competitive business environment



 

Malaysia offers a dynamic and competitive business environment

As Malaysia transitions to the endemic phase and economic activities continue to normalise, sentiments around growth are relatively optimistic. In the first quarter of 2022, Bank Negara Malaysia reported a year-on-year GDP growth of 5%, supported by increases in domestic and external demand, as well as labour market recovery with unemployment rate decreasing to 4.1%.

Business optimism has been underlined by strong private consumption, robust foreign direct investment, and improved availability of financing. The recovery momentum is expected to be buoyed by the reopening of international borders and structural reforms, in line with the Twelfth Malaysia Plan 2021-2025, which reflects the government’s commitment to boost the country’s economic resilience, help businesses grow and achieve sustainability.

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Contact us

Ching Chuan Ong

Ching Chuan Ong

Assurance Leader, PwC Malaysia

Tel: +6 (03) 2173 0550

Jagdev Singh

Jagdev Singh

Tax Leader, PwC Malaysia

Tel: +60 (3) 2173 1469

Victor Saw

Victor Saw

Deals Leader, PwC Malaysia

Tel: +60 (3) 2173 1677

Shahrin Ismail

Shahrin Ismail

Consulting Leader, PwC Malaysia

Tel: +60 (3) 2173 1350

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