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…
24th July 2018, Dubai will host the third edition of The Global Franchise Market Exhibition (TGFM), a dedicated platform for local and international franchisors and franchisees to explore new business opportunities, on December 5 and 6. The event will take place at the Dubai International Convention and Exhibition Centre. TGFM will bring together leading investors,…
Putrajaya, 20th July 2018, The impact of the Sales and Service Tax (SST) on the franchise industry will only be known when the government has decided on the tax mechanism. Perbadanan Nasional Bhd (PNB) managing director Datuk Syed Kamarulzaman Syed Zainol Khodki Shahabudin said it was too soon to make any conclusion since the tax…
23rd July 2018, Gloria Jean’s Coffees (GJC), a specialty coffee franchise under Malaysia International Franchise Sdn Bhd (MyFranchise), plans to open four outlets in the region by year-end. Apart from that, the company will also open four new outlets in East Malaysia in bids to expand further locally. Perbadanan Nasional Bhd (PNS) chairman Datuk Azmi…
New York, 9 July 2018, A young Malaysia-born woman who is a chef and producer of artisanal food products has succeeded in breaking into the US mainstream Foodtown supermarket franchise which launched her products this weekend. Foodtown supermarket outlets in New York, New Jersey and Pennsylvania will for the first time sell these products. Other…
Bintulu, 13 July 2018, Smart Reader Kids Family Run-and-Cycle Bintulu is calling for entries for the charity event to be held on Sept 2 here. The event will start and end at Wisma Bintulu in Jalan Tanjung Kidurong where participants can either run or walk along a 4km route or alternatively cycle in a longer…
10 July 2018, Overseas growth in the 7-Eleven convenience store business drove a modest increase in profit for Japanese retail group Seven & I Holdings in the first quarter. While the challenges of a shrinking population, falling household spending and corresponding lacklustre economy in its home market subdued local performance, offshore growth continues to underpin…
10 July 2018, The popular Filipino fast food franchise Jollibee has opened its first restaurant in Macau. Long queues are seen from as early as 7am outside the Jollibee Macau store, with many of those in line being Filipino nationals. A large Jollibee mascot entertained diners as they waited to be served. Macau has a…
