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Franchise Highlight

Franchise industry’s RM35b target by 2020 realistic, says minister

Kuala Lumpur, 26 July 2018,

The franchising industry’s target to contribute RM35 billion to Malaysia’s gross domestic product (GDP) by 2020 is realistic and achievable, said Domestic Trade and Consumer Affairs Minister Datuk Saifuddin Nasution Ismail.

He said the industry contributed RM27.7 billion to the GDP last year ,which was 3.4 per cent of the total.

“The contribution of franchise sector to the GDP is very significant. As of May 30 (2018), around 863 franchisors from various sectors were registered with the Franchise Registry. From that total, 40 per cent are from the food and beverage sector.”

Saifuddin said the government was confident in the franchise industry.

30.7.2018

Source: Malay Mail

Full Article:https://www.malaymail.com/s/1656326/franchise-industrys-rm35b-target-by-2020-realistic-says-minister

  • 30.7.2018