Wednesday, October 24, 2012

Gov't Mulls Supporting Local Master Franchisees To Expand To Asean

PETALING JAYA, Oct 23 (Bernama) -- The government is considering giving the necessary support to local master franchisees to enable them to franchise products from foreign companies in Asean countries.

Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=704347
Published: October 24, 2012

Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said however the foreign companies should have an innovative business headquartered in Malaysia.

The government wants local master franchisees to gain regional franchise rights not just in Malaysia but in Southeast Asia as well, he added.

"This trend will also support the government's desire to develop Malaysia as the Southeast Asian franchise centre by 2020," he said at the Malaysian Franchise Awards 2012 ceremony here Tuesday.

A total of 61 foreign franchise systems have been brought in and registered by local master franchisees, he said.

He also urged local franchisees to plan strategically, assess current business conditions and make forecasts to enable them to handle unexpected challenges.

Also in attendance was former Prime Minister Tun Dr Mahathir Mohamad, the patron of the Malaysian Franchise Association.

-- BERNAMA 

No comments: