FRANCHISORS in Malaysia recorded a 24% rise in turnover to RM10.7bil last year compared with RM8.6bil in 2001, a survey by the Malaysian Franchise Association (MFA) shows.
The 147 respondents to the MFA survey on franchise development in the country also reported a whopping 815% growth in franchise outlets to 3,781 as of September this year, from 413 outlets in 1993.
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