Saifuddin: Franchise industry to contribute RM35b to GDP in 2020
Domestic Trade and Consumer Affairs Minister Datuk Saifuddin Nasution Ismail said thegovernment is confident that Malaysia’s franchise industry will be able to contribute RM35 billion to the country’s GDP in 2020. — Picture by Miera Zulyana
Citing the Franchise Business Annual Reports, Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail said the top three franchise companies, 99 Speedmart, McDonald’s and Seng Heng registered sales of RM3.4 billion, RM2.2 billion and RM998 million, respectively, in 2018. “We have organised exhibitions, trade missions, in-buying missions and training sessions to promote homegrown brands,” he said.
To date according to Saifuddin, there are 877 registered franchises in Malaysia, which contributed RM30.03 billion to the country’s GDP in 2018.On the FIM2019, Saifuddin said the three-day event, beginning today, has attracted 78 companies from 12 countries, with 111 booths.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Moody’s lowers Malaysia’s GDP outlook for 2019, 2020 | Malay MailKUALA LUMPUR, April 3 — Moody’s Investor Service today reduced Malaysia’s Gross Domestic Product (GDP) outlook to 4.4 per cent for this year, and 4.3 per cent for 2020. This is a further reduction from its January report, in which it expected the country’s GDP growth to slow down to 4.7 per...
Read more »
National debt reduced with GDP growth, recovery of 1MDB funds, says Putrajaya | The Malaysian InsightAlthough no figure is confirmed, the prime minister said it has gone down considerably.
Read more »
National debt down following rise in GDP, says Dr MThe prime minister says the settlement of some loans has also helped reduce the country's debt. national gdp
Read more »
Mahathir says national debt now reduced with GDP growthPARLIAMENT | 'We are now close to a level where it will not affect our efforts to administer and develop the country.'
Read more »
GDP up, so national debt now more manageable, PM says | Malay MailKUALA LUMPUR, April 4 — The over RM1 trillion sovereign debt inherited by the Pakatan Harapan government last year has been reduced to a more manageable level today, Tun Dr Mahathir Mohamad said in Parliament. The prime minister attributed the reduction of national debt to the recent increase in...
Read more »
Dr Mahathir: GDP growth has reduced national debtPrime Minister Dr Mahathir Mohamad said today that the country is in a healthier financial state wit...
Read more »
Moody’s lowers Malaysia’s GDP outlook for 2019, 2020 | Malay MailKUALA LUMPUR, April 3 — Moody’s Investor Service today reduced Malaysia’s Gross Domestic Product (GDP) outlook to 4.4 per cent for this year, and 4.3 per cent for 2020. This is a further reduction from its January report, in which it expected the country’s GDP growth to slow down to 4.7 per...
Read more »
Don’t compare Tok Mat’s achievements with Aminuddin’s, says Saifuddin | Malay MailSEREMBAN, April 2 — Voters in the Rantau state seat are urged not to only compare the achievements of former mentri besar Datuk Seri Mohamad Hasan with those of Mentri Besar Datuk Seri Aminuddin Harun. On the other hand, PKR secretary-general Datuk Seri Saifuddin Nasution Ismail said voters also...
Read more »
GDP up, so national debt now more manageable, PM says | Malay MailKUALA LUMPUR, April 4 — The over RM1 trillion sovereign debt inherited by the Pakatan Harapan government last year has been reduced to a more manageable level today, Tun Dr Mahathir Mohamad said in Parliament. The prime minister attributed the reduction of national debt to the recent increase in...
Read more »