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Franchise Highlight

Malaysian Franchise Association (MFA) has targeted the franchise industry to contribute RM35 billion to the country’s gross domestic product (GDP) by 2020

Kuala Lumpur, 19 June 2019,

The Malaysian Franchise Association (MFA) has targeted the franchise industry to contribute RM35 billion to the country’s gross domestic product (GDP) by 2020 compared with RM32 billion last year.

Chairman Datuk Radzali Hassan said the target was achievable following the growth of various export products to foreign markets.

He said the trend of the franchise industry was still favourable even during the current uncertain economic environment with many constraints and challenges, as shown by a recent exhibition here which saw an overwhelming response from association members, as well as local and international franchise companies.

Thus, he urged the MFA members to capitalise on the opportunities provided by the association to expand their business further.

“We (MFA) have more or less 66 products that have been exported to-date. If you look at the number of MFA membership, it’s not that many but in terms of achievement in business expansion, it’s very encouraging whereby we have some 4,200 outlets in overseas markets.

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Source: Nanyang Siang Pau

Full Article: http://www.enanyang.my/?p=1244150

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