We often stumble across the terms “Flat Rate Interest” and “Reducing Balance Rate” when applying for loans, but do we truly understand the difference between the two types of interest? Although these terms may sound like financial jargons, they are relatively simple to understand. The truth is most of us take the easy route and depend on our bankers to do the calculations for us.
That said, it’s best to keep informed on these finances so we have a good idea when the time comes. Here’s our explanation on their differences and calculations, made simple to help you manage your own finances.
Related: Personal Financing: Good or Bad?
When we think of interest, most of us think of flat rate interest. Flat Rate Interest is the type of interest that will stays the same on the principal loan amount throughout your loan tenure. This means that whatever interest rate you are charged at the beginning of the loan payment will remain the exact same figure as your final month’s repayment. It is popularly used in personal loans and hire purchase (car) loans.
(Original Loan Amount x Number of Years x Interest Rate Per Annum) ÷ Number of Instalments = Interest Payable Per Instalment
Say for example, you’re taking out a personal loan of RM100,000 with a flat rate interest of 5.5% over 10 years. This would be your flat rate interest per instalment calculation:
(RM100,000 x 10 x 5.5%) ÷ 120 = RM458
Now, do note that this is just the interest per instalment, no matter how much you have paid down on your principal loan amount. Theoretically, your monthly instalment from your loan amount of RM100,000 should be RM834 per month (RM100,000 ÷ 120 months). Combining both (RM834 + RM458), you’ll be paying RM1,292 per month for your loan repayment over a period of 120 months (10 years).
At the end of your loan tenure, you would end up paying 35.5% interest (also known as the Effective Interest Rate, EIR), which rounds up your repayment amount to RM155,040. That’s RM55,040 more than what you originally borrowed! It’s no surprise then that a Flat Rate Interest is not a popular choice amongst borrowers. No matter how much you settle on your principal loan amount, the interest amount will stay constant ending up in a higher total paid at the end of your loan tenure.
You can read more about Effective Interest Rates in a hire purchase loan here.
Also known as the Diminishing Balance Rate, the Reducing Balance Rate is used in financial products, especially for mortgage loans; even overdraft facilities and credit cards – and is the preferred option compared to the Flat Interest Rate. Why? Because it only charges interest on your loan’s remaining balance.
To give you a clearer picture, below is the first year’s repayment period calculation based on the same example above:
Needless to say, Reducing Balance Rate enables you to save a lot more as your loan tenure goes by, following the balance of your loan’s principal amount. You end up paying less interest while paying off more principal amount with each passing month.
Based on the calculations above, your loan’s monthly repayment may remain the same while the allocated amount to both interest and principal loan is different each month. This is because the interest charged on the principal loan amount reduces each month as you continue to pay down your principal loan amount.
The total interest paid at the end of your loan tenure will be RM30,232 with the total repayment being RM130,232. That’s a whopping difference of RM24,808 compared to the Flat Interest Rate option.
Interest amount per instalment = Interest rate per instalment x Outstanding loan amount
Although more calculations are input for this type of interest, the formula is fairly simple.
While the Reducing Balance Rate seems a lot more appealing than Flat Interest Rate, not all loan providers offer it for their financial products. All the same, it’s best to understand the calculation methods and difference between the two types and details about loans to help you make informed decisions on your finances.
If you are in need of a loan currently, do take a look at the personal loans we offer by clicking on the button below.
The year’s about to end in 25 days (at the time of writing). And while many of us are looking forward to ushering in the new year, another thing to be excited about is all the long weekends in 2022! Malaysia is known for its abundance of public holidays, and next year has several off days that you can enjoy!
Check out the list below to see all the leave you can get each month. Please note that some of these are subject to change, so it would be advisable to recheck closer to the date.
Guide:
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Long list, yes? Now if you’re wondering what to do during some of these long weekends, here are some ideas.
You can go glamour camping, or glamping, in several spots around Malaysia. They’re all easy on the wallet so you won’t have to worry about forking out a lot. Or if you want to do more than just enjoying nature, you can make a quick trip to these budget-friendly hidden gems across the country.
If you’re planning to travel overseas by then, you can make use of these free travel apps that can show you some exciting deals for flights and accommodation. Just make sure you read through the fine print before purchasing anything and if you need some pointers, you can check out this guide.
In case you haven’t heard, you can get tax exemptions when you travel within the country. And there’s also a full duty exemption on entertainment places such as cinemas, theme parks and sporting events. Make use of them and give yourself a good break! Feel free to read the article below for more information:
The year has almost ended, and if you’re a taxpayer, you know what that means. The 2022 Budget has listed several tax reliefs and exemptions for next year, and if you want to claim them, you’ll need to spend by December 31st 2021.
We’ve put together this article to break down exactly what you can claim, and for easier reference, we’re grouping them according to categories.
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To start off, employees who contribute to the Employees’ Provident Fund (EPF) will get up to RM4,000 off their income taxes. But this won’t only apply to employees who have full-time jobs. With a large number of people losing their jobs since Covid-19, many have taken up part-time or freelance jobs, becoming what is known as gig workers. Gig workers don’t have to contribute to the EPF. But if they do, they’re also entitled to the tax exemption.
If you’re a parent who’s recently gone back to the office after working from home for nearly two years, you’re probably worrying about who’s going to look after your child(ren). Kindergartens and daycare providers would be an option, but they can come with a heavy price tag too. Fortunately, you’ll be able to claim up to RM3,000 next year for kindergarten and daycare fees.
Last year, in an effort to help the automotive industry, the government waived the sales tax on new vehicles. This waiver will be extended again, but do note that you can only claim this for passenger vehicles and not commercial ones.
Related: 5 Fuel-Efficient Cars Below RM45,000 In Malaysia 2021
Besides that, the government has also proposed a 100% exemption on import and excise duties, sales tax and road tax for electric vehicles.
This is no longer news but we’ll just remind you, anyway: travel is back! While travellers from Malaysia can now exit the country, you might still want to travel locally first. Last year, the government announced a tax exemption of up to RM1,000 for domestic travel expenses. That has been extended again, so you might want to make use of it before the year ends and give yourself a good break.
Related: 8 Apps and Websites You Can Use To Get The Best Travel Deals
Want a quick day trip somewhere nearby instead? Go for it, because you’ll get a full exemption on entertainment duties for theme parks, cinemas, sporting events and the likes.
Besides these, enjoy a tax rebate of up to RM2,500 when you purchase books or subscribe to newspapers and magazines. What’s even better is that this applies to both physical and online materials. But just make sure you keep the receipts for all of them, even if they’re e-copies.
You’ll get the same rebate of RM2,500 on any gym memberships or sports equipment that you purchase.
If you had to buy a new laptop this year to work from home, you’ll get to claim that as well. Enjoy a tax relief of up to RM2,500 when you purchase a mobile phone, computer (desktop or laptop), tablets or other similar devices.
Related: 9 Free Smartphone Apps That Can Help You In Your Daily Life
And of course, working or studying from home means you have to have a strong internet connection. For internet subscriptions, you can claim up to RM2,500 as well.
Covid-19 has only reminded us of how important it is to stay healthy. Undoubtedly, people have been getting themselves checked more frequently. Now if you have taken a full medical checkup this year or are planning to do so this month, you can get up to RM1,000 off your income tax.
The Covid-19 vaccine is free, for now at least. But if you want to take other shots, such the HPV one to get your immunity up, you can get another RM1,000 off.
Paying for your parents medical expenses and care? That’s another RM8,000 off, maximum. You can claim for things such as medication, nursing care, medical equipment and so on.
And that’s about it! We hope this wasn’t too much information to digest at once, but do make a note of what applies to you. As we said, these exemptions apply to any spending done by 31st December 2021. Tax filing season isn’t here yet, but just ensure you’re prepared with all your receipts by then.
Want to know what happens if you pay your taxes late? Click on the article below to find out!
Kebanyakan rakyat Malaysia masih kurang memahami bagaimana caj kadar faedah dikenakan apabila membuat pinjaman untuk membeli kereta. Jika anda pernah membuat pengiraan dan mendapati apa yang anda perlu bayar kepada bank adalah berbeza, artikel ini bakal membantu anda.
Untuk pinjaman, terdapat beberapa formula pengiraan kadar faedah yang perlu dibayar berbanding apa yang diiklankan bank, tambah-tambah lagi untuk pinjaman kereta. Jika anda mengira jumlah bayaran keseluruhan, jarang sekali ianya sama dengan bayaran sebenar yang perlu dibuat.
Ini bukanlah satu penipuan, tetapi sebahagian dari ciri-ciri pinjaman kereta itu sendiri.
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Untuk pinjaman kereta, kadar faedah yang diiklankan adalah berbeza dengan kadar faedah sebenar (juga dikenali sebagai Kadar Faedah Efektif, atau EIR). Ini kerana pinjaman kereta menggunakan kadar faedah rata.
Dengan kadar faedah rata, bayaran faedah anda adalah sama sepanjang tempoh pembayaran semula, berdasarkan jumlah prinsipal. Sebagai contoh, anda membuat pinjaman kereta sebanyak RM48,000 dengan kadar faedah 3.4% setahun. Tempoh bayaran balik pula sepanjang 7 tahun. Jadi, bayaran caj faedah ialah:
3.4% dari RM48,000 = RM1,632.00 setahun
Jumlah bayaran caj faedah sepanjang 7 tahun tersebut:
RM1,632 X 7 = RM11,424
Tambahkan bayaran tersebut dengan pinjaman anda, maka jumlah bayaran yang perlu dibuat:
RM48,000 + RM11,424 = RM59,424
Bayaran Bulanan : RM59,424 / 84 bulan = RM707.43
Dalam contoh ini, kadar EIR ialah 6.27% setahun. Ini merupakan kadar faedah sebenar yang mengambil kira kesan pengkompaunan.
Secara amnya, kadar faedah EIR adalah lebih tinggi berbanding kadar faedah rata. Maka, kedua-dua kadar faedah ini perlu anda ambil kira sebelum membuat keputusan untuk memohon mana-mana pinjaman. Maklumat tambahan mengenai EIR boleh dibaca di artikel ini.
Untuk pinjaman-pinjaman lain, seperti pinjaman perumahan, kadar faedah akan dicaj berdasarkan baki tertunggak setiap bulan. Ini bermakna, semakin anda melunaskan pinjaman, bayaran caj faedah akan turut berkurang. Ini berbeza dengan pinjaman kereta dimana cajnya adalah keatas jumlah pinjaman asal tanpa mengambil kira berapakah yang telah anda bayar.
Pinjaman gadai janji dan pinjaman peribadi menggunakan kaedah pengiraan baki berkurangan dalam menentukan caj faedah yang perlu dibayar. Menggunakan kaedah ini, kadar faedah dicaj berdasarkan baki pinjaman anda.
Bayaran untuk faedah setiap bulan menurun seiiring dengan baki pinjaman, sesuai dengan prinsip kaedah baki berkurangan disebabkan kadar faedah dikenakan keatas baki pinjaman tersebut.Walaupun ianya merupakan pilihan bagi pemohon pinjaman, tidak banyak agensi kredit menawarkan pinjaman jenis ini di Malaysia, terutamanya untuk pinjaman sewa beli.
Mengapa?
Mungkin langkah pengiraan pinjaman kereta telah ditetapkan, dan tidak ramai yang cukup sedar untuk membuat perubahan. Ataupun industry pinjaman kereta memiliki lebih banyak kemudahan pinjaman yang memiliki faedah yang serupa dan tidak diketahui ramai.
Adakah penerangan ini cukup jelas untuk menjadikan anda faham mengenai pinjaman kereta? Masih ada soalan? Hubungi kami atau utarakan di ruangan komen.
Ingin mengambil pinjaman? Sebelum itu, ketahui perbezaan antara hutang baik dan hutang buruk. Klik pautan di bawah untuk maklumat lanjut!
As of 7 November 2019, we have refreshed this list with new franchises that recently entered the market, some of which are highly coveted Taiwanese bubble tea brands that you may already have tried!
Franchising can be a great way to get into business for yourself. Starting and running a business is extremely difficult, but extra support from a franchisor and the right SME loan can be just what you need to give you that edge.
But which franchise should you go with? If you’ve read our previous articles on the topic of franchising, you should have a general guideline which you can follow when getting into franchising.
To help you pick a suitable franchise, we have compared all franchise offers across Malaysia and listed 50 easily accessible franchises for you to choose from.
We have ranked these 50 franchise offers according to the estimates of initial capital required, so you can quickly find the franchises that are within your capital limit.
Keep in mind that the amounts listed here are for reference only. The actual investment amounts or franchising fees might differ because each new outlet is going to have its own characteristics (location, development costs, etc.)
| Franchise | Initial capital investment |
| Nelson's | From RM15,000 |
| The Soya Shop | From RM49,000 |
| Apple Hotel | From RM70,000 |
| Burger Bakar Abang Burn |
RM85,000 |
| Daily Fresh | From RM85,000 |
| Each A Cup | RM100,000 |
| Hot & Roll | From RM100,000 |
| Metro Driving Academy |
RM110,000 |
| World of Cartoons | From RM114,100 |
| Gindaco | From RM125,000 |
| Bonia | RM145,000 |
| Tutti Frutti | RM150,000 |
| Franchise | Initial capital investment |
| Coolblog | From RM150,000 |
| Kiddo Science | From RM150,000 |
| Balloon Buzz Party Centre |
From RM150,000 |
| Mr Clean | RM158,000 |
| Chatto Handcrafted Tea Bar |
RM180,000 |
| Kamal-Kamal Pest Control |
RM200,000 |
| Mayflower Holidays |
RM200,000 |
| Reliance Travel | RM218,000 |
| Andersen's Ice Cream |
From SGD80,000 |
| Kyros Kebab | From RM250,000 |
| 7 Eleven | RM250,000 |
| Tealive | From RM250,000 |
| Boost Juice | From RM250,000 |
| Young Chefs Academy |
RM257,500 |
| Crumbs | From RM280,000 |
| Shins | RM300,000 |
| Juice Works | From RM300,000 |
| Gloria Jean's Coffees |
From RM300,000 |
| Canadian 2 For 1 Pizza |
RM340,000 |
| Legend's Claypot Briyani |
RM350,000 |
| Daboba | RM350,000 |
| Franchise | Initial capital investment |
| Vincci | RM400,000 |
| Sports Planet | RM450,000 |
| Bynd Artisan | SGD150,000 |
| Bangi Kopitiam | RM500,000 |
| Ayam Penyet AP |
From RM577,000 |
| Marrybrown | From RM600,000 |
| Teh Tarik Place |
RM600,000 |
| Hailam Kopitiam |
From RM600,000 |
| Secret Recipe | From RM600,000 |
| Subway | From RM607,946 |
| OLDTOWN White Coffee |
From RM700,000 |
| Dave's Deli | RM800,000 |
| I Love Yoo! | Available Upon Request |
| Kebab Turki Baba Rafi |
Available Upon Request |
| Zawara | Available Upon Request |
| Dairy King | Available Upon Request |
| TotallyHotStuff™ | Available Upon Request |
Nelson’s began with the corn-in-a-cup concept and has since grown to one of Malaysia’s top brands with more than 1000 outlets in 17 countries.
Their franchise offer is ideal for entrepreneurs who are looking for a franchise business with low capital investment. Learn more here.
The Soya Shop prides itself for using in-house technology and strictly non-GMO Canadian beans that are cooked in filtered water with no preservatives and additives.
It is a viable business opportunity if you are looking to invest in a franchise that requires low start-up costs.
The Apple Hotel brand is very distinctive and maintains close partnership with budget airlines, which has enabled it to achieve significant growth in a short span of time.
Now, it offers entrepreneurs the chance to venture into the hotel industry with very few barriers, thanks to its franchise program, which provides solutions for (but are not limited to) site selection, design and concept realization, reservation system, digital marketing, and sale ascending through online booking & OTA partners.
Abang Burn starting selling burgers before burgers were hot. They started out as a street stand and scaled heavily when the burger wave hit. They now have over 20 outlets throughout Malaysia. Learn more here.
With more than 800 franchise outlets around the world, Daily Fresh is one of the leading global snack food retailers. They are currently active in 15 countries, selling a variety of ready-to-go snacks and desserts.
Daily Fresh is also the owner of the largest sweet corn plantation in Malaysia, which gives the business a unique edge in its market segment. Learn more here.
If bubble tea is your thing, you might want to consider opening an Each a Cup franchise.
One of the most successful and popular bubble tea brands in the Asian markets, Each a Cup was founded in 1999 and currently has more than 100 outlets throughout Malaysia, Indonesia and Brunei.
The company has a strong support system in place to assist franchisees with training, site selection, design and recruitment. Definitely a good choice if you are looking for an easily accessible beverage franchise. Learn more here.
Hot&Roll is an emerging leader of wholesome baked food products which can be enjoyed anytime and anywhere. Hot&Roll pledges to provide hot, healthy and delicious food that caters to all tastes.
The Hot&Roll franchising offer is characterized by low inventory costs with little or no wastage. The franchisor also offers extensive training and comprehensive business and financing guidance. Learn more here.
Established in 1998, Metro Driving Academy was licensed and received the award for Best Driving Academy and 5 Star Rated Driving Academy by the Road Transport Department of Malaysia.
As a franchisee, you will be provided support in terms of business development, location, application process, etc. Learn more here.
World of Cartoons concept stores include several cartoon brands such as Mickey Unlimited, Winnie the Pooh, Mickey for Kids, Warner Bros., Looney Tunes, Garfield, Superman, etc.
Gindaco is the leading chain for premium Takoyaki with more than 500 outlets worldwide. They pride themselves on using only high-quality octopus and other ingredients that are imported from Japan. They currently have 10 stores in Malaysia and are expanding aggressively.
Choose any franchise size that suits your business needs and receive support in the form of an automated patented Takoyaki machine, hands-on training, exposure to global best practices, and product innovation to suit local tastes. Learn more here.
Established since 1974, BONIA, the international luxury brand and leather expert, has created a trademark legend in the fashion industry, achieving numerous milestones among the many accolades it receives.
Being an expert of leather, BONIA offers wide range of leather goods including leather handbags, footwear and accessories for both ladies and gentlemen as well as other non-leather fashion item such as men’s apparels. Learn more here.
Tutti Frutti Frozen Yogurt is an American brand and one of the largest retailer of specialty self-serve premium frozen yogurt in the world.
With more than 600 outlets worldwide, franchisees can expect a tried and tested franchise structure to benefit from.
Coolblog is a kiosk-based desserts and beverages brand. They started by introducing more than 25 flavours of desserts and beverages with over 300 product variants.
The brand has underlined a three-year growth plan to drastically increase the number of outlets in Malaysia to 500 outlets.
Over the years, they have scored awards for “2012 100th Outstanding SME” by Golden Bull, “SME Rising Star 2012” by SME Corp, and “SME Brand Excellence” in 2013.
Additionally, their products have yielded considerable profits in terms of product cost of 40%. Learn more here.
As a pioneer in the Malaysian education system in developing Scientist Programs for children aged 5-12 years old, Kiddo Science is a franchise opportunity with limited direct competitors.
It offers its franchisees complete training that includes daily operations, system management, and monthly professional Teachers’ training. Learn more here.
Balloon Bouquets is a key pioneer in the balloons and party inventories category in Malaysia. They started as a home business in 1996, and now operate more than 12 stores in the country. Learn more here.
Mr. Clean is a fabric care enthusiast that specializes in dry cleaning and laundry service.
Operating on a franchise model, they offer tier level business opportunities to entrepreneurs interested in operating full-fledged dry cleaning and laundry services.
Ambitious business owners looking to manage a chain of dry cleaning and laundry service may also enquire about their master franchise and regional franchise. Learn more here.
Chatto Handcrafted Tea Bar is a Malaysia Homegrown brand established since August 2017. Chatto is a Japanese concept tea bar with premium quality tea imported from Japan, Taiwan and China.
By designing our beverage in low sugar with organic tea leaf, we believe tea makes people healthier and happier.
Chatto has 35 outlets in Malaysia and target to expand to more than 40 outlets by 2019. Other than that, Chatto will be having its international outlet in Australia and Brunei in Q1 of 2020.
Chatto sets realistic investment value to all licensees who wish to explore more in F&B industry. Learn more here.
Kamal & Kamal Pest Control began as a family owned business in 1985. Its founder, Tuan Haji Hussein Kamal also went on to be Founding President for “Pest Control Association of Malaysia” and “Bumiputra Integrated Pest Management of Malaysia.
They now employ more than 100 professionally-trained staff and have a robust portfolio of clients across multinational organisations, hospitality service industries, government agencies, foreign embassies, and more.
They are currently looking for franchisees in East Malaysia, but you may reach out to them to inquire about alternative locations. Learn more here.
Mayflower is a travel service specialist in Malaysia, offering a diversified range of services. Its franchise solution and business model is completely adopted from the highly successful business model.
They are looking for enterprising people who have a passion in the travel industry with more than 60 locations ready for the right franchisees. Learn more here.
Since its inception in 1969, Reliance Travel has went on to clinch several industry awards such as China Airlines’ 2006 Million Dollar Sales Award, Cathay Pacific’s Appreciation Award for Top Agent, South East Asia’s Top Agent Award, Malaysia Airlines’ Top Travel Agent Award, the Brand Laureate Award, and the Reader’s Digest Trusted Brands Gold Award for the Travel Agent category in Malaysia.
They were also the first to create a systematic travel franchise program that is approved by the Ministry of Entrepreneur and Co-operative Development (MECD).
The Andersen’s Ice Cream franchising concept is largely based on a “partnership for profit and growth” philosophy.
They are looking for franchisees to take the brand further in high potential locations. As a franchisee, you will be guided through the entire business process and receive support in terms of on the job training, store design and construction, marketing, promotion, and raw material supplies. Learn more here.
Although kebab is not a typical Malaysian dish, Kyros has managed to create a strong foothold in the Malaysian market. They offer a healthy and tasty meal among other great products.
Kyros kebab is an established business model and is one of the major local fast food chains in the country. You can start your own Kyros Kebab outlet at a reasonable cost, compared to other franchising programs. Learn more here.
The name 7 Eleven first came into existence in 1946, when all Tote’m stores across the US were re-branded to 7-Eleven to reflect the stores’ new, extended hours – 7 a.m. until 11 p.m., seven days a week.
7-Eleven is now the largest 24-hours convenience store operator in Malaysia. When it first reached the 1,000 store milestone, 7-Eleven Malaysia started accepting local entrepreneur to join the business as franchisees. 7-Eleven currently has a staggering 2144 outlets across Malaysia. Learn more here.
Tealive is an award-winning brand with outlets in Malaysia and Vietnam. A key differentiator is their year-on-year sales growth for 7 consecutive years (Loob Holding).
Franchisees will enjoy location, construction, operational, advertising, and marketing support. As for location selection, you may readily choose from more than 50 new superior locations across Malaysia. Learn more here.
Click on the banner to find out more.
A personal favourite, Boost offers delicious and healthy fruit drinks as either juices or smoothies. The diverse product range and strong marketing efforts have made Boost Juice a familiar name for anyone who visits a mall.
The company was founded in 2000 and has quickly grown to over 250 stores worldwide, with 21 of those being located in Malaysia.
Boost Juice is still growing in Malaysia so this might be just the right time to get on board. Learn more here.
Young Chefs Academy offers hands-on culinary experiences to children aged 3 to 17 in a safe environment. The most prominent chef in its squad is Brian, a Masterchef Malaysia top finalist who also conducts classes for adults.
The company positions itself as a scalable franchise with high potential profit margin and low operating costs. Learn more here.
Founded in 2009, Crumbs is the top Frozen Yogurt brand in Hong Kong. They serve Frozen Yogurt with exclusive homemade toppings, homemade scones, bottled desserts, and Froyo Smoothie.
They now have 6 stores in Hong Kong, 15 stores in China, and 3 stores in Malaysia.
Established in 1999, SHINS is Malaysia’s leading beauty retail chain store that offers over 5,000 types of beauty products from over 200 internationally acclaimed brands to meet customers’ beauty needs.
Their range of products including haircare, skincare, cosmetics, perfume, body & slimming care, nail care, beauty tools and beauty accessories.
Today, SHINS operates over 40 stores strategically located in leading shopping malls in Malaysia. Learn more here.
With over 30 flavours to choose from, there is something for everyone at Juice Works. Their fresh juices and smoothies are made using only the freshest and most natural ingredients.
Their outlets can be found in most major shopping malls in Malaysia. Learn more here.
A cup of good coffee is just what you need in the morning and Gloria Jean’s Coffees meets this demand. This top gourmet retailer aims to capture the specialty coffee market with a rich and strong scent.
Gloria Jean’s is currently looking to expand its business in Malaysia by adding additional stores.
Since 2006, the master franchising rights for Gloria Jean’s are in the hands of MyFranchise, but you can become a franchisee within their framework. Learn more here.
Family, friends and good times have always brought people together. Canadian 2 For 1 Pizza are owned and operated by people living right in the neighbourhood they serve.
Canadian 2 For 1 Pizza has exciting plans to expand its presence throughout Asia. If you have been looking to join an F&B franchise business that offers extensive support, this may be worth considering. Learn more here.
Founded in 1997, the Legend’s family curry house specialized in Clay pot Briyani and Banana Leaf cuisine.
The company went through a re-branding phase in 2009 and has reassessed its objectives. Their signature item, the Claypot Briyani has been at the forefront of the success that the company has been having. Learn more here.
Daboba is on a mission to expand into new global markets. It has already received rave reviews amongst tea enthusiasts for its flagship beverage, the Brown Sugar Boba Pure Milk Series, and other creations.
Backed by a management team with solid experience in Taiwan’s tea beverages industry, they have designed a franchise program that will allow you to make the most of their expertise and comprehensive business support system. Learn more here.
Vincci is a Malaysian ladies’ footwear brand. Since its inception in 1981, Vincci has opened over 100 outlets across South East Asia, the Middle East and North Africa. Learn more here.
Sports Planet is always on the lookout for passionate business owners to join their franchise.
Apart from possessing 13 futsal venues in Malaysia, they have established a strong global network of outlets in over 100 countries.
They were also bestowed with “Most Promising Franchisor of the Year” and “Best Sales Growth Award” by the Malaysian Franchise. Learn more here.
Bynd Artisan is an experiential combination of Retail Space, Atelier, and Cafe. It focused its early business in bookbinding, and gradually expanded its product offerings to include luxury paper, leather goods, designer capsule collections, and guided workshops.
As part of the retail experience, the Cafe section also serves coffee, tea, and light snacks. Learn more here.
Bangi Kopitiam started with the initiative of four childhood friends who want to bring back the Malaysian ‘Muhibbah’ spirit which they experienced during their growing up years back in their ‘kampong’.
Their food assortment has a combination of Chinese, Malay and Indian influences which makes it a truly unique experience.
Ayam Penyet serves food inspired by traditional Indonesian cuisine. A very popular restaurant, Ayam Penyet has frequently listed in the top 10 most popular foods among Malaysians, due to its unique Surabaya recipe.
Relatively easy to run and operate, the brand has a strong presence in Malaysia and can therefore be a good choice if you have the capital required. Learn more here.
Marrybrown is proudly Malaysian-owned and is the winner of various domestic and international franchise industry awards.
With over 30 years in the franchise industry, this homegrown fast food chain is currently the world’s largest Halal quick service restaurant (QSR) brand originating from Asia.
If you choose to become a Marrybrown franchisee, you can benefit from the years of refinement that have gone into developing the Marrybrown concept. Marrybrown possesses a proven franchise format that has put the company on the map. Learn more here.
Founded in 2007, Teh Tarik Place is famous for its authentic Malaysian street cuisine, such as The Tarik, Roti Canai and spicy Nasi Lemak. The business currently has 23 stores located in high-traffic locations. Learn more here.
Hailam Kopitiam is a well-loved F&B chain with more than 30 outlets today. They have successfully captured the market with trendy local yet affordable signature dishes such as chicken rice, chicken chop, roti bakar, and etc.
You will be supported by the franchisor in the following areas: franchise consultancy, site selection, outlet design and renovation, outlet set up, menu, central kitchen supplies, staff training, and new menu development. Learn more here.
Secret Recipe is known for its wide range of high quality gourmet cakes. Founded in 1997, Secret Recipe offers great variety combined with quality food at affordable prices.
As the leading and largest café chain in Malaysia, Secret Recipe has grown rapidly and currently has more than 440 outlets across the region. Learn more here.
The SUBWAY brand is the world’s largest submarine sandwich chain with more than 44,000 locations around the world. They’ve become the leading choice for people seeking quick, nutritious sandwiches that the whole family can enjoy.
Subway has been consistently rated the #1 franchise to join, which is supported by its rapid global success. Learn more here.
Founded in 1999, OLDTOWN is one of Malaysia biggest coffee brands with 234 outlets across Malaysia. Next to their regular coffee shops, they also export their coffee and tea products to 13 different countries.
Their franchise offer is very flexible with a lot of different store set ups you can choose from. Learn more here.
Dave’s Deli is Malaysia’s very own deli chain of restaurants. Since 1989, they have served food that is quick, delicious and value for money. Cooked with fresh ingredients and served by people who genuinely love food.
This business is relatively easy to operate and the franchisor also provides training and ongoing support. Learn more here.
I Love Yoo! transforms the familiar street food experience into a “street feast” concept. Since the inception of its flagship outlet in Pavilion, Bukit Bintang in 2007, they have grown to 35 outlets nationwide today.
As a franchisee, you will receive advice on location selection, renovation, and intensive training for you and appointed staff on the necessary skills to run the store. Learn more here.
Kebab Turki Baba Rafi currently has 25 outlets in Malaysia, with plans to attract more franchisees in Kelantan, Terengganu, Perak, Melaka, and Johor. Their long-term goal is to open 200 outlets within the next five years.
Their competitive franchise package includes everything from SOP, training, operating software, outlet construction, equipment supply, and raw materials.
The management also provides guidance on operational matters and visits the franchisee’s outlet to conduct quality checks every month. Learn more here.
Zawara is a fast fashion company specializing in Muslim female attire. It’s inventory includes but is not limited to dresses, jubah, hijab, shoes, and even kids clothing.
To date, it now has 20 outlets nationwide. The franchise is a strong contender if you’re looking to enter a niche market with immense potential for growth.
A highly popular dessert kiosk specializing in imported ice-cream in a broad range of flavors and other crave-worthy finger foods.
Following the overwhelming success of its first outlet, they decided to open 5 more and even created a franchise program within the same year. They are actively looking for like-minded franchisees to join their expansion plan.
TotallyHotStuff™ is a lifestyle and gifts retailer that curates only best-selling selections of merchandise from trusted sellers and brands.
Since its inception in 2009, the company now owns 9 brick and mortar stores, and are expanding still. Learn more here.
Joining a franchise can be a great strategy if used correctly. The initial upfront fees are usually higher but the added support often makes up for it.
Unsure about which type of business you’d prefer? Take a second to read about the best small business opportunities in 2017. A big outlet might be too much of commitment for you. If that is the case, take a look at food trucks. They require little capital and are easy to operate. We’ve done an article on the costs required to run a food truck business.
Related: 7 businesses that failed in Malaysia
We hope that this list can help you realize your dreams of entrepreneurship. Malaysia is full of amazing business opportunities; you just need to know where to look!
Get your business off the ground with easy and flexible SME banking solutions by CIMB today. Just click the link below for more information!
