Is Malaysia Heading For A Recession In 2023?

The Forum will bring together more than 30 CEOs, industry experts, and senior government officials to discuss issues that range from the macro to the socio-economic to the industry-specific.

Is Malaysia Heading For A Recession In 2023?
Photo by Esmonde Yong / Unsplash

For the past three quarters up to June 2022, the Malaysian economy has been steadily improving: GDP has increased and unemployment rates have dropped. Yet there may be headwinds ahead.

With the ongoing conflict in Ukraine, monetary tightening in the US and Europe, China’s economic contraction, and other factors, the World Bank and the IMF are forecasting a global economic slowdown in 2023. This gloomy scenario contrasts with the government’s more optimistic projections for Malaysia which begs the question: how will the Malaysian economy fare in the coming years?

To address this question as well as other areas of concern to businesses and Malaysians, the Perdana Leadership Foundation is organising its ninth PLF CEO Forum themed “Major Trends Impacting the Malaysian Economy (and You)” on the 1st of November 2022 at the Berjaya Times Square Convention Centre in Kuala Lumpur.

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The Forum will bring together more than 30 CEOs, industry experts, and senior government officials to discuss issues that range from the macro to the socio-economic to the industry-specific. A highlight of the event is the Closing Keynote Address by none other than former Prime Minister, Tun Dr Mahathir Mohamad, who will share his thoughts on “What Does the Future Hold for Malaysia?”

Recession on a Global Scale?

“To say that the coming years will be challenging for business and individuals would be an understatement. Given the events that are unfolding - many of them unforeseen or with unforeseen consequences, such as the war in Europe - and the pace of technological change, it can be tough for business leaders to determine the best direction for their business.

“As in our previous Forums, the aim is to facilitate discussions on major issues and to highlight the risks and opportunities going forward so that business leaders and executives can be better guided in their decisions,” says Tan Sri Azman Hashim, Chairman, Board of Trustees, Perdana Leadership Foundation.

The one-day Forum is a unique opportunity for business leaders, managers, and executives to interact and network with CEOs of established corporations and dynamic SMEs as well as senior public officials. With ten plenary, keynote, and concurrent sessions, there would be plenty of insights and actionable ideas to be gained and new connections to be made at the Forum.

“PLF is pleased to be able to hold this conference face to face this year at the prestigious Berjaya Times Square Convention Centre, and we are once again honoured to host Tun Dr Mahathir Mohamad as our Closing Keynote Speaker. The sharing of ideas and real-world experience among speakers, and between speakers and participants, at the CEO Forum always yield interesting insights and we look forward to the active discussions that will take place,” says Tan Sri Nik Mohamed Nik Yaacob, Executive Director, Perdana Leadership Foundation.

The Forum is the ninth edition organised by Perdana Leadership Foundation, an independent non-profit research and archive leadership institution, with venue sponsorship by Berjaya Corporation Berhad and official venue at Berjaya Times Square Convention Centre.

The Forum is also sponsored by Sime Darby Plantation Berhad as Platinum Sponsor, IJM Corporation Berhad as Gold Sponsor; Northport (Malaysia) Berhad, AEON Co. (M) Berhad, Malakoff Corporation Berhad, and Boustead Plantations Berhad as Bronze Sponsors.

Tickets with Early Bird discounts for the Forum start from RM330 per person until 15th October. Visit to purchase seats and for more information.