MALAYSIA’S franchise industry is expected to see robust growth this year as reflected by its 24% expansion to RM10.7bil in 2002 from RM8.6bil in 2001, Malaysian Franchise Association chairman Datuk Adzmi Abdul Wahab said.
In a statement in conjunction with the upcoming Global Franchising & Licensing 2004 (GFL2004) international conference and exhibition at Suntec City in Singapore from Sept 15 to 17, he said franchising had been identified as one of the fastest and effective mechanisms to produce more local entrepreneurs, particularly from among bumiputras.
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