(^8) NEWS
T
he Franchising and Licensing Association Singapore
(FLA) announced the launch of the Franchise
Competence Framework which aims to make it easier
for SMEs to expand and run franchises overseas. This new
programme will build a framework that will help SMEs develop
and improve their franchising and licensing strategy, and assist
them in bringing their brands abroad through activities such as
FLA mission trips.
SINGAPORE GOVERNMENT ROLLS OUT NEW SCHEME TO HELP SMEs EXPAND OVERSEAS
MOS BURGER IS HEADING TO THE PHILIPPINES
J
apan's Mos Burger will open its first restaurant in the
Philippines by the end of next March, the fast-food chain's
operator, marking its first expansion into a new market in
seven years. Mos Food Services, together with local peer Tokyo
Coffee Holdings, will set up a joint venture as early as August. Tokyo
Coffee will own a 65 per cent majority stake in Mos Burger
Philippines, while Mos Food will hold the rest. The venture's first
restaurant will be located in the Manila area.
LAOS TO INCREASE ELECTRICITY TRADE
T
he Lao government has agreed to conduct a feasibility study
on electricity trading and hydropower exchanges with
neighbouring countries to boost cooperation in the energy
sector. Laos has agreed to sell 5,000MW of electricity to Vietnam, and
while it is currently exporting just over 300MW it is expected to supply
1,000MW by next year, Minister of Energy and Mines Khammany
Inthirath reported at the opening of the energy and mining sector’s
first quarter meeting. Laos has also agreed to sell 9,000MW of
electricity to Thailand, and is currently able to export only 4,260MW
but will supply 7,000MW by next year and 9,000MW by 2025
romina
(Romina)
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