Tapping Into Malaysia's Aggressive Franchising Goals
November 26, 2013, 1:21 PM EST
Law360, New York (November 26, 2013, 1:21 PM EST) -- The Central Bank of Malaysia in Kuala Lumpur estimates that the Malaysian economy will expand 4.5 to 5 percent in 2013. Gross domestic product rose 4.3 percent last quarter compared to the same quarter last year. Malaysia is a prime location for foreign companies, especially franchisors, looking to expand in the Southeast Asia region.
Recently, the government of Malaysia focused on the growth of its domestic franchise industry. Specific goals have been set for the industry to contribute 9.4 percent to the country’s GDP and to...