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.…