UALA LUMPUR: Malaysia’s franchise industry is expected to grow five per cent this year due to its good prospects in the international markets.
Domestic Trade, Cooperatives and Consumerism Minister, Datuk Seri Hamzah Zainudin said the industry contributed RM27 billion to the country’s gross domestic product (GDP) last year.
“Malaysia is on track to be the regional hub in South East Asia for the franchise industry. The industry aims to contribute RM35 billion to the national GDP in the next two years.”