Tun M Encourages Entrepreneurs to Engage in Retail and Franchising, A Potential Contributor to the Malaysian Domestic and Export Economy

Published by Areef Aiman @ 20/09/2018

The 2018 Malaysia Franchise Award Night saw 14 companies compete at the final stage for the title “Franchise of the Year”. This momentous occasion was graced by the Prime Minister, YAB Tun Dr. Mahathir Mohamad and the Minister of Domestic Trade and Consumer Affairs (KPDNHEP), Dato’ Saifuddin Nasution Bin Ismail at the Marriot Hotel Putrajaya.

The Guest of Honour, the Prime Minister, YAB Tun Dr. Mahathir Mohamad and the Minister of Domestic Trade and Consumer Affairs (KPDNHEP), Dato’ Saifuddin Nasution Bin Ismail

The collaboration event between Malaysia Franchise Association (MFA) and the Ministry of Domestic Trade and Consumer Affairs (KPDNHEP), saw Global Art and Creative Sdn. Bhd. (Global Art) winning the Franchisor of the Year and International Franchisor of the Year (Asia Pacific) titles. To top it all off, Global Art defeated 13 companies and won the ultimate title of the night, Franchise of the Year 2018.

Official Awarding of the Franchisor of the Year to Mr. Mahair Goh, Founder & Director of Global Art

7 other awards were presented that night. Among notable award recipients were McDonald who won the International Franchisee of the Year and Emerging International Franchisee of the Year, and Smart Reader Kids, who won the Emerging Homegrown Franchisee of the Year. Another highlight of the night was the presentation of the Special Appreciation Award (Organization) to the Co-operatives and Entrepreneurship Institute (CEDI), Universiti Utara Malaysia (UUM) for their outstanding achievement in producing 2 business products through the ‘Program Francais Siswa’.

Official Awarding of the Franchisor of the Year to Mr. Azmir Jaafar, Managing Director of McDonald’s Malaysia

While talking about the involvement of the younger generations into the retail and franchise business, Tun Mahathir believes that franchise is a form of business that contributed to the economic development through the engagement with the local market and also penetration into the international scene. “The government has always encouraged local entrepreneurs to engage in franchising because of the proven business and system concepts, as well as the established and well-known brands, the franchise business format can grow rapidly, through a large network within a short period of time. The industry is capable of further boosting economic development activities, particularly in retail and services sectors.”

Presentation of the Special Appreciation Award (Individual) to Datin Nancy Liew, the Managing Director of Marrybrown