Latest news on franchise report
Kuala Lumpur, 21 April 2018, Malaysia’s franchise industry is expected to grow five per cent this year due to its good prospects in the international markets. Domestic Trade, Cooperatives and Consumerism Minister, Datuk Seri Hamzah Zainudin said the industry contributed RM27 billion to the country’s gross domestic product (GDP) last year. “Malaysia is on track…
Bandung, 7 April 2018, A total of 26 Malaysian franchises have successfully penetrated the Indonesian market, said Perbadanan Nasional Bhd (PNS) Board Member, Datuk Rosely Samsuri. He said currently there were 647 Malaysian franchise outlets operating in the country. “PNS encourages Malaysian franchisors to explore the Indonesian market, as the country has a population of…
4th April 2018, The franchise industry in Malaysia is on track to achieve its contribution of RM35 billion to the national gross domestic product (GDP) by 2020 on sustained strong growth. Malaysian Franchise Association (MFA) chairman Datuk Radzali Hassan (main picture) said with support from the government and public, the MFA will not be surprised if the target…
Kuala Lumpur, 17 March 2018, RHB Research is positive on food and beverages chain operator, Berjaya Food Bhd, on the back of sustainable growth driven by Starbucks through expansion of outlets and better consumer sentiment moving forward. The research house also said it expected Kenny Rogers Roasters Malaysia (KRRM) to return to the black in…
27 March 2018, FOR almost two years, Riel Mayol, 47, has been driving for Uber. When it was suspended by the Land Transportation Franchising and Regulatory Board last year, he applied for a franchise with Grab. Now that he drives for both, he can’t help but notice the difference. “Riders on Uber seem more professional,”…
Kuala Lumpur, 16 March 2018, Berjaya Food (BFood) core net earnings for the nine month ended Jan 31, 2018 (9MFY18) of RM15.7mil came in below CIMB Equities Research and the market’s expectations, making up 61% of both the full-year forecasts. It said on Friday BFood group also declared a third interim dividend per share (DPS)…
19 March 2018, Convenience stores just got a little more convenient, with local grocery franchise Funmaii launching cashless self-checkout stores. Its founder Datuk Brian Wee said the Funmaii brand intended to build a fuss-free and secure cashless ecosystem that fit the increasingly hectic lifestyle of modern consumers. “As urbanisation continues to complement the development of…
19 March 2018, GAPURNA Permai Sdn Bhd, a wholly-owned subsidiary of Oil Ehsan Sdn Bhd, has tied up with Costa Coffee PLC to expand the London-based coffee chain here. The two parties recently signed the heads of terms agreement which appoints Gapurna as Costa Coffee’s master franchisee in Malaysia. The agreement was signed by Gapurna…
