JAKARTA (Indonesia Today) – Up to eight foreign franchise companies have postponed their plans to enter Indonesian market following unclear regulation on franchise business in the country, Bisnis Indonesia reported this morning.
Chairman of Indonesian Franchise and License Amir Karamoy said the companies, coming from Australia, US, South Korea, and Malaysia, are still waiting on the regulation issuance, especially on store expansion limitation issue.
???Their investment reach up to Rp10 ??? 12 billion and most of them will run retails, health clinic, and cafes,??