Xinhua, 15 Oct 2009
The franchise industry in Singapore generated some 8 billion Singapore dollars (5.59 billion U.S. dollars) in revenue last year, a Singapore official said on Thursday.
At the launch of Franchising and Licensing Asia 2009, Senior Minister of State for Trade and Industry and Education S Iswaran said that the number of franchise concepts in Singapore has grown from 380 in 2003 to about 500, a 30 percent increase over 5 years.
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