14,400 franchising jobs by 2013

The franchise industry here is on a roll and is projected to create 14,400 jobs by 2013.

That estimate from the Franchising and Licensing Association (FLA) was announced by Ms Indranee Rajah, Deputy Speaker of Parliament, yesterday.

Ms Rajah told the opening of the Franchising and Licensing Asia (FLAsia) 2008 exhibition: 'Last year, Singapore's 30,000 franchisees brought in near US$3.8 billion (S$5.6 billion) in revenue. The growth of the franchising and licensing market is very encouraging as its resulted increase in commercial activities will create favourable employment opportunities.'