Date : 12/10/16
Source : Bernama
Perbadanan Nasional Bhd (PNS), a company owned by the Ministry of Finance Inc, is allocating up to RM50 million a year for private equity investment to diversify its income.
It s MD Datuk Syed Kamarulzaman Syed Zainol Khodki Shahabudin said to date it has equity holdings in more than 20 companies, with investments worth over RM200 million, including in two companies involved in the franchise business.
“Returns from equity investment contributed about 20% to 30% to the company’s revenue,” he told reporters after the Sembang Santai Franchise event in Kuala Lumpur yesterday.
Also present were Deputy Domestic Trade, Cooperatives and Consumerism Minister Datuk Henry Sum Agong and Malaysian Franchise Association (MFA) secretary general Mohamad Shukri Salleh.
Syed Kamarulzaman said the company will continue to evaluate all potential investments across all industries in the country.
The event, the third in the series, aims to provide a knowledge-sharing platform between big franchise brands and smaller players.
Meanwhile, MFA expressed hope that the government would allocate more in the 2017 budget for the franchise industry, especially in promoting industry players’ overseas expansion.
Mohamad Shukri said with assistance from the government, local franchise players can expand their business overseas and compete with international brands.
“Each year, we carry out a lot of programmes to help MFA members expand their business to overseas markets based on the vast potential offered.
“With the huge opportunities in sectors such as food and beverage as well as education, we believe that the franchise industry can record strong growth despite the challenging economic environment,” he said.
He said to date, more than 60 local franchisors have expanded their business overseas to over 60 countries. — Bernama