KOTA KINABALU, June 29 (Bernama) -- Deputy Domestic Trade,
Co-operatives and Consumerism Minister Datuk Ahmad Bashah Md. Hanipah
has expressed optimism that the franchise industry could contribute
RM24.5 billion to the country's gross domestic product next year.
Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=959791
Published: Jun 30, 2013
Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/franchise-industry-to-contribute-rm24.5-billion-to-next-years-gdp/
Published: Jun 30, 2013
As of June 28 this year, a total of 672 franchise companies have been
registered nationwide, he said in his speech at the launch of the
Community Franchise Programme in Sabah here Saturday.
Ahmad Bashah said the government has allocated RM8 million for the
Small Franchise Loans Scheme (SPKF) through his ministry to assist local
franchisees from the low and medium income groups, and as of June, 247
applications for loans totalling RM6.32 million have been approved.
"Although the SPKF fund has only RM1.68 million left, applications are still open," he said.
Ahmad Bashah said Malaysians' low participation in the franchise
industry is due to the lack of capital and financing as well as the low
level of awareness of franchise opportunities.
"This industry is for all income groups," he said.
A total of 21 franchisors, including 17 from Peninsular Malaysia and four from Sabah, attended the programme.
-- BERNAMA
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