Malaysian Franchises - Agencies in Malaysia to become master franchisors

Agencies in Malaysia under the Entrepreneur and Cooperative Development Ministry such as Perbadanan Nasional Berhad (PNS) should become master franchisors to foreign companies, said its minister Datuk Noh Omar. He said this could be achieved through cooperation between the agencies and foreign franchise holders. Previously, most foreign franchise holders either dealt directly with

Agencies in Malaysia under the Entrepreneur and Cooperative Development Ministry such as Perbadanan Nasional Berhad (PNS) should become master franchisors to foreign companies, said its minister Datuk Noh Omar. He said this could be achieved through cooperation between the agencies and foreign franchise holders. Previously, most foreign franchise holders either dealt directly with local companies or appointed them as representatives, he told reporters at the Kapar Parliamentary Constituency Entrepreneur Showcase 2008. As the master franchisor, it is easier for PNS to develop the franchise industry because entrepreneurs need only deal with PNS when choosing the franchise they are interested in besides getting the advisory services and funds or becoming their partners, he said. He said PNS would assist more local franchisors to expand overseas and hoped the number of franchisors would be increased from 38 companies at present to 50 during the Ninth Malaysia Plan. Noh, who attended an international franchise exhibition in Manila yesterday where eight Malaysian companies took part, said several of them would form partnership with Filipino companies in an effort to enter the Philippines franchise market. He said an academy to train entrepreneurs on the franchise industry would be set up soon in an effort to develop the industry in a systematic and aggressive way. At the function, Noh presented RM1.5 million in loans to franchise entrepreneurs.

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