Federal ministry urged to increase funding for Sarawak franchise entrepreneurs

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Ripin (second left) visits one of the exhibition booths during the Bizfrancais Sarawak 2024 programme at the BCCK today.

KUCHING (May 11): Federal Entrepreneur Development and Cooperatives Ministry (Kuskop) through Perbadanan Nasional Berhad (Pernas) has been urged to allocate bigger provisions for the development of franchise entrepreneurs in Sarawak.

Deputy Minister of Youth, Sport and Entrepreneur Development Datuk Dr Ripin Lamat said although the financing target for franchise programmes nationwide this year is RM50 million involving Sarawak, Pulau Pinang, Pahang, and Sabah, the target for Sarawak is only RM4 million.

“We hope for it to be increased (for Sarawak) so that many franchisor entrepreneurs, franchisees, and those under the ‘Business in Transformation’ (BIT) programme can develop their businesses.

“It definitely requires more funding, and we request that Kuskop and Pernas allocate additional funds towards this, at least RM12 million,” he told a press conference after inaugurating the Bizfrancais Sarawak 2024 programme at the Borneo Convention Center Kuching (BCCK) here today.

Additionally, Ripin said the franchise industry aims to produce 156 entrepreneurs nationwide by 2024, with 30 from Sarawak.

“So far, the reception towards the franchise industry in Sarawak has been positive, and this industry is easier to operate with the assistance of Pernas.

“The franchise system is one of the easiest business systems to venture into because it comes with management, training, and so on,” he added.

Meanwhile, the Head of Franchise Development Division, Mazlan Ibrahim, said 80 per cent of franchise entrepreneurs have successfully sustained their businesses since Pernas began assisting in 2004.

“However, the remaining 20 per cent of entrepreneurs face various issues such as their placement conditions, besides depending on the resilience within the industry,” he said.