Business

Wednesday October 3, 2007

Bikerz, SAL among successful applicants for franchising



KUALA LUMPUR: Six bumiputra-owned companies are among the 10 new applications for franchising approved in the last three months, said Malaysian Franchise Association (MFA) secretary general Hasma Ahmad.

Bikerz and SAL Group of Colleges were among the successful applicants, she said.

MFA chairman Datuk Mukhriz Mahathir said there were now 321 franchise systems registered in Malaysia, representing a 15% growth over the past four years.

Hasma said 20 home-grown franchisors had successfully established themselves overseas and expanded to 42 countries.

Left to right : Islamic Banking & Finance Institute Malaysia , Chief Executive Officer Dato' Dr. Adnan Alias, D'Tandoor Restaurant Managing Director Abdul Malik, Malaysia Franchise Association ( MFA ) Secretary General Hasma Ahmad and Chairman Dato' Mukhriz Mahathir holding the MFA awards
To help its members venture abroad, MFA planned to hold its first exhibition in Sharja, United Arab Emirates, she told a press conference yesterday, adding that the association would subsidise the cost for travel, accommodation and setting up booths.

There were also plans to hold an exhibition in Paris in March, followed by similar events in Egypt, India, the Philippines, Indonesia and Shanghai, she added.

MFA has short-listed 35 finalists from an initial 128 companies for 21 awards to be conferred during the Franchise Award Night 2007 on Oct 31. Event sponsors are Malaysia International Franchise Sdn Bhd, Perbadanan Nasional Bhd, Ideal Malaysian Support Sdn Bhd, Smart Reader Worldwide Sdn Bhd and Marrybrown Fried Chicken Sdn Bhd.


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