2022 Malaysia business trend predictions & which ones came true

2022 Malaysia business trend predictions & which ones came true

Was once it simply me or did 2022 simply fly via? Fortunately for causes higher than 2021 did, I’d say.

This yr, we noticed the restoration of many industries and the expansion of a few others. We even noticed a brand new executive!

Are issues in point of fact taking a look up for Malaysia? That would possibly rely on who you communicate to, however sooner than we glance to the long run, let’s evaluate the previous to peer how this yr grew to become out.

Listed below are the 5 industry predictions we made for 2022, plus what got here true, and what didn’t.

1. Dronetech will take off throughout extra industries: Got here true!

Dronetech already noticed a expansion surge in 2021, so via comparability, 2022 looked as if it would function a refinement duration for its construction, and it’s most likely that any other surge will occur within the subsequent yr or two.

For now, we’ve observed Malaysian dronetech transcend agritech and building, delving extra into seek and rescue (SAR) efforts as neatly.

Along first responders in addition to drone firms, Malaysian Analysis Accelerator for Generation and Innovation (MRANTI) might be facilitating the Pasukan Tindakan Kecemasan Khas Dron (PTK2Dron) initiative. 

PTK2Dron used to be arrange via the Ministry of Generation, Science, and Generation (MOSTI) in 2021, after the floods that took place in Sri Muda and Hulu Langat, Selangor.

Below it, drone firms might be sporting out mapping services and products, underwater seek and rescue, geotagging prone places for assist prioritisation, unmanned boat operations, and medication and meals deliveries.

2022 Malaysia business trend predictions & which ones came true
Symbol Credit score: Aerodyne

PTK2Dron has already been deployed for the December 16 landslide tragedy at Batang Kali.

Past SAR, it kind of feels that the federal government is aiming to spice up using dronetech for transportation too, with parcel deliveries, spare portions deliveries (for ships), scientific assist and gear deliveries already in R&D.

2. NFTs getting used as application and in charity: Got here true!

NFTs and crypto have had an actual tough time after using a prime ultimate yr into early this yr. First, the Terra Luna crash in Would possibly, then November noticed crypto exchanges FTX, FTX.US, and BlockFi record for Bankruptcy 11 chapter.

Previous to all that despite the fact that, NFTs had gave the look to be flourishing even on native soil.

With regards to charity, artist Katun had co-founded a challenge known as Apes R Us, by which proceeds from the sale of 100 NFTs in collaboration with WWF Malaysia went to orangutan conservation efforts in Sabah and Sarawak.

One of the most Apes R Us NFTs

Software-wise, a Shah Alam family-oriented steakhouse, AD Butcher & Steak had presented a “dine-to-earn” idea which served as a loyalty programme, as an example.

In a equivalent vein, MyeongDong Topokki (MDT) leveraged NFTs to create a club programme.

Then again, Pass over Universe Malaysia Group (MUMO) presented a balloting mechanism the usage of NFTs.

Following the crypto wintry weather, it’s been reported that from January 2022 to September 2022, NFT buying and selling quantity collapsed via 97%, from US$17 billion in worth to US$466 million.

In spite of that, a bullish outlook persists, with some pronouncing that as we transfer against extra digital reports, NFTs might be right here to stick. Best time will in point of fact inform.

3. Extra BNPL choices from better avid gamers: Got here true!

Erm, rather? Yet another continues to be extra, proper? 

We did see a large number of motion within the Purchase Now, Pay Later (BNPL) area in Malaysia, with international avid gamers corresponding to Ablr coming into the marketplace, IOUPay teaming up with BSN to leverage the financial institution’s 6 million plus customers, and BNPL laws to probably be carried out.

With regards to better avid gamers providing their very own BNPL choices despite the fact that, we basically noticed one this yr, which used to be Lazada introducing LazPayLater.

Curiously, we’ve but to peer Capital A make any strikes with the airasia Tremendous App, and what shall we in finding to this point pointed to the logo simplest partnering current BNPL answers previously.

Would possibly we see an airasia Tremendous App BNPL carrier in 2023? Who is aware of, since airasia is understood to be unfazed about being a later entrant to developments corresponding to e-hailing and meals deliveries.

4. An build up in COVID-19 control answers: Didn’t come true… (however that’s no longer a foul factor)

On the time of writing the preliminary 2022 predictions article, many people nonetheless hadn’t gotten (or had been in the middle of getting) our booster photographs.

COVID-19 used to be nonetheless one thing to be feared then, with masks mandates going robust, and plenty of keeping off huge public gatherings.

Simply months into 2022 despite the fact that, and we started seeing firms go back to the place of work (our personal integrated, after an in-depth renovation), go back and forth routes open up, and extra.

As COVID-19 become much less and not more of a risk to many people, we started seeing fewer new answers to regulate it, current SOPs apart.

It’s no longer but eliminated despite the fact that, so we shouldn’t be too carefree and former answers shouldn’t be discarded or shelved simply but, because the virus stays in a position to mutating into new variants.

5. Streamlined crowdsourcing platforms for #KitaJagaKita efforts: Didn’t come true…

Remaining yr’s terrible floods noticed the Malaysian public stepping as much as lend a hand friends in hard-hit spaces. As one, we donated assist, volunteered with clean-up efforts, and extra.

Vulcan Publish volunteering at Taman Sri Muda

Personal firms labored with the federal government to behavior seek and rescue (SAR) efforts too, which later culminated within the PTK2Dron initiative discussed in level #1.

Whilst there have been a number of crowdsourcing apps created to take on quite a lot of problems corresponding to COVID-19 reduction and flood SAR in 2021, there wasn’t a lot speak about them in 2022.

Was once it since the Malaysian public concept that the federal government used to be in any case stepping up via allocating extra budget for flood reduction efforts in addition to putting in place particular process forces?

We don’t know needless to say, however what we do know is that the Malaysian public has confirmed that they are going to fiercely again each and every different up and cope with current gaps when it’s known as for, and that’s sufficient of a win in our books.


We’ve a sense that 2023’s trade predictions will glance very other, as we’re now not simply enjoying it protected and hedging our bets.

Subsequent yr, we’ll most likely be seeing Malaysian companies and marketers make riskier strikes for probably upper returns.

That are supposed to make for an enchanting industry panorama, and we will’t wait to peer what is going to pop out of it.

  • Learn our earlier 2022 predictions article right here. 

Featured Symbol Credit score: Aerodyne / Vulcan Publish

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