Pernas targets to produce 5,000 franchise entrepreneurs by 2025

Photo: Bernama

KUALA LUMPUR: Perbadanan Nasional Bhd (Pernas) aims to produce 5,000 franchise entrepreneurs by 2025 involving more than 90% of micro, small and medium Enterprises.

Deputy Entrepreneur and Cooperative Development Minister Datuk R. Ramanan (pic) said that the target also involved a total of RM1.47bil in shareholders' funds.

"Pernas has been established since 1969. It has been 55 years since this agency was established to become a very important agency for the franchise industry since 2000.

"Since then (2000) the franchise financing which Pernas has offered is as much as RM441mil, with a total investment of RM709mil.

"Out of that number, more than 5,000 entrepreneurs have been produced, and have created 35,000 job opportunities," he told reporters, after his visit to Pernas on Tuesday (Feb 20).

He said that Pernas was a very important agency to develop and expand the franchise industry and its entrepreneurs, thereby helping to improve the country's economy.

"Our mission is to make sure that franchise entrepreneurs, especially PMKS, are developed to a higher level; the opportunity is for all, you have to take the opportunity and work hard... we don't want them to just be at the stall, but to be able to penetrate supermarkets and hypermarkets, including the airport.

"Pernas has also held various support programmes, such as the B40 Empowerment programme, which is not only held in Kuala Lumpur but also in other states... I also hope that more job opportunities will be created in the future," he said.

In another development, Ramanan said that the Franchise Act 1998 was now placed under the Entrepreneur Development and Cooperatives Ministry, as decided by the cabinet.

Previously, the Franchise Act was under the purview of the Domestic Trade and Cost of Living Ministry.

Ramanan also said that Entrepreneur Development and Cooperatives Minister, Datuk Ewon Benedick, would announce a replacement for the vacant position of chief executive officer (CEO) of Pernas in a day or two. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Pernas , Kuskop , Entrepreneurs , PMKS , Franchise ,


Next In Nation

Cashless parking to be implemented in Seremban and Nilai effective May 2
Floods: 122 evacuated in Melaka as of 8am
Johor MB takes Ranhill SAJ to task over water cuts during festive period
Malaysia observes six celebrations in one week, a reflection of the country's diversity, says Unity Minister
Baby elephant killed after being hit by SUV on Gerik-Jeli road
KLIA shooting: I’m still traumatised by incident, says estranged wife
Melaka to give priority to a new hospital
Shattering animosity through breaking fast
Leaving none on the sidelines
PAS’ Hezry apologises over ‘insulting prayer remark’

Others Also Read