KUALA LUMPUR , 5 April 2019,
The Government is confident that Malaysia’s franchise industry will be able to contribute RM35 billion to the country’s gross domestic product (GDP) in 2020, based on the positive performance by the top three franchise companies last year.
Citing the Franchise Business Annual Reports, Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail said the top three franchise companies — 99 Speedmart, McDonald’s and Seng Heng registered sales of RM3.4 billion, RM2.2 billion and RM998 million respectively, in 2018.
“This shows that our target of RM35 billion contribution to GDP by the franchise industry in 2020 is very much achievable and realistic,” he said in his opening speech at the Franchise International Malaysia Exhibition and Conference (FIM2019) here, today.
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