RHB Research is positive on Berjaya Food
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…
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Uber sells SEA operations to Grab
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,”…
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Berjaya Food 9M core earnings below forecast
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)…
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Funmaii convenience stores go cashless
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…
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Chatime Malaysia gets Jakim’s halal cert
21 March 2018, Chatime Malaysia Sdn Bhd, the Malaysian master franchisor of Chatime — a Taiwan-based global franchise teahouse chain — has received its halal certification from the Department of Islamic Development Malaysia (Jakim). Group MD Aliza Ali said the halal certification would enhance consumer con dence and enable the company to expand its operations globally,…
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London coffee chain looking at local opportunities
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…
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BornOil to open 40 new ‘Broasted by SugarBun’ kiosks this year
Kuala Lumpur, 23 March 2018, Borneo Oil Bhd (BornOil) has plans to aggressively expand its food and beverage (F&B) business by opening 40 new Broasted by SugarBun concept kiosks around the country this year. BornOil executive director Raymond Teo, in a recent interview, explained the group’s franchise division has targeted setting up 40 Broasted by…
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Consultancy firm to expand in Malaysia, Canada
5 March 2018, FOLLOWING a successful entry into the Middle East, Cebu-based franchising practitioner Rudolf Kotik aims to bring a new franchise consultancy firm, Franaccess, to other foreign countries this year. Kotik, who is the Southeast Asian director of Franaccess, said they will expand to Malaysia by April and Canada by June. Kotik, who owns…
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