KUALA LUMPUR, Nov 19 (Bernama) -- People in the low- and medium-income
categories can engage in the micro franchise business because it
requires low capital, as little as RM16,000, said Deputy Domestic Trade,
Cooperatives and Consumerism Minister Datuk Rohani Abdul Karim.
Source from (Bernama): http://www.bernama.com/bernama/v6/newsgeneral.php?id=710042
Published: November 21, 2012
She said the ministry was holding exhibitions nationwide to entice people in these categories to engage in the business.
"The ministry chooses franchises which require capital of RM50,000 and
below to introduce the business to the target groups and change their
perception of franchise business requiring millions of ringgit as
capital," she said when replying to a supplementary question from Datuk
Saifudin Nasution Ismail (PKR-Machang) in the Dewan Rakyat.
Saifudin had wanted to know the number of bumiputera franchisors who had
penetrated the international market out of the 46 local companies which
had ventured abroad.
Rohani said that of the 46 franchisors, nine or 20 per cent were bumiputera-owned.
"We encourage the growth of more such companies. We also encourage the
merging of conventional business with the franchise business," she said.
She also said that the number of registered franchise businesses was
631, with 435 local-owned and of which 143 were bumiputera-owned.
-- BERNAMA
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