Franchising: A risk worth taking?

So you’re thinking of being a business owner are you? Well, get ready to join the rapidly-growing club of small-medium enterprises (SMEs) in Malaysia. With latest government figures estimating total SME numbers to be 645,136 in 2015, there is little doubt this figure is set to rise as the country continues to strive towards an…

7-Eleven collapse sends warning to investors

JAKARTA: Indonesia’s large consumer market may be a jewel in the eyes of foreign businesses, but in the retail sector, that jewel can quickly become kryptonite for companies. There will be no more 7-Elevens for Indonesians starting this Friday. Business had become too difficult for the US convenience store chain, which opened its first outlet…

7-Eleven Indonesia tutup

JAKARTA 30 Jun – Indonesia kini tidak lagi mempunyai kedai runcit franchais 24 jam 7-Eleven apabila kesemua kedai serbaneka itu ditutup mulai hari ini. Penutupan kesemua 141 buah kedai itu diumumkan oleh syarikat pemilik rangkaian 7-Eleven Indonesia, PT Modern International dalam kenyataannya kepada Bursa Efek Indonesia baru-baru ini. Media-media tempatan memetik Direktur PT Mo­dern Internasional,…

McDonald’s Malaysia forking out RM1.4 billion for 10-year expansion plan

McDonald’s Malaysia said it will fork out RM1.4 billion on its latest expansion plan to increase to 450 outlets nationwide by 2025. The local fast-food chain currently has 262 restaurants nationwide. Azmir Jaafar, managing director and operating partner of McDonald’s Malaysia said it is aggressively pursuing the expansion plan with the investment of RM1.4 billion over 10 years.…

McDonald’s Malaysia to spend RM1.4b on expansion

PETALING JAYA: McDonald’s Malaysia is investing RM1.4 billion to increase the number of its outlets to 450 nationwide by 2025. Managing director/operating partner, Azmir Jaafar, said McDonald’s Malaysia achieved year-on-year revenue growth of 16% last year and was confident of continuing the trend this year. He said McDonald’s Malaysia now has a network of 262…

Smart Reader wins two new awards from WorldCob

KUCHING: Smart Reader Worldwide received awards from the World Confederation of Businesses (WorldCob) and the Malaysia Canada Business Council (MCBC) recently. Smart Reader received the ‘Inspirational Company’ award during the BIZZ 2017 organised by WorldCob in Bucharest, Romania and ‘The Outstanding Leader in Early Childhood Education’ during the Business Excellence Awards (BEA)2017 by MCBC in…

Bioalpha to launch new products

PETALING JAYA: Ace Market-listed Bioalpha Holdings Bhd aims to launch new products in its key markets, particularly in Malaysia, Indonesia and China as part of it expansion strategy. In a statement on Friday, the company said it would be penetrating the Muslim-majority provinces in Western China such as Xinjiang, Qinghai, Shaanxi, and Gansu by engaging…

Bioalpha launches latest rewards programme

PETALING JAYA: Ace Market-listed Bioalpha Holdings Bhd has launched its latest rewards referral programme, e-Constant, under a partnership with the Malaysian National Co-operative Movement (Angkasa). The health supplement company said in a statement that the e-Constant programme would provide eight million members and 13,500 co-operatives under Angkasa the opportunity to become entrepreneurs by opening virtual…

PNS kerjasama dengan ASQ

KUALA LUMPUR: Perbadanan Nasional Bhd (PNS) menerokai satu lagi perniagaan francais luar negara menerusi kerjasama dengan syarikat minyak wangi terbesar di Arab Saudi, Syarikat Abdul Samad Al Qurashi (ASQ). Kerjasama itu bagi membawa masuk jenama baharu antarabangsa ke Malaysia menerusi perjanjian usaha sama dan perjanjian hak eksklusif pembangunan francais bersama. Turut disasarkan menerusi kerjasama itu…