29 Mei 2014 – Free Malaysia Today
KUALA LUMPUR: The Malaysian Franchise Association (MFA) expects the franchise industry to contribute RM25.6 billion to the country’s economy in 2015.
Last year, the industry contributed 2.5% or RM24.6 billion to the economy.
MFA chairman Mohd Latip Sarrugi said this could be achieved by enhancing the competitiveness of the local franchise industry, drive business transformation through franchising and develop franchisors efficiency in the business.
As at May 28, 2014 there were 726 registered franchise businesses from various sectors.
Mohd Latip said there were also 58 Malaysian franchise brands that had spread to 53 countries with a total of 1,992 outlets.
He told reporters this following the 19th Annual General Meeting of the MFA here today.
The event was launched by the Domestic Trade, Cooperatives and Consumerism Minister Hasan Malek.
The ministry and the MFA will be organising a three-day International Franchise and Exhibition and Conference (FIM2014) for local and foreign franchises from June 13-15 at the Putra World Trade Centre here.
It will serve as a good platform for local players to learn from the international franchise industry,” he said.
Among the countries expected to feature at the FIM2014 are the United States, Taiwan, South Korea, Singapore, Indonesia and the Philippines.