Tuesday, 14 November 2017 | MYT 12:00 AM
Retail association marks its 25-year milestone with a bright outlook
ONLY a significant occasion could bring together some of the biggest names in the retail industry to band together and sing a song.
To celebrate the Malaysia Retail Chain Association’s (MRCA) 25th anniversary, its founder Datuk Eddie Choon, past presidents Datuk Albert Chiang, Datuk Tay Sim Kim, Datuk Seri Nelson Kwok, Datuk Lee Hwa Cheng, Datuk Liaw Choon Liang and president Datuk Garry Chua warmed up their pipes to kick off the night.
The dinner event in Kuala Lumpur was themed “Silver Jubilee and Beyond”, as it not only marked the association’s achievements over the past 25 years, but also looked towards the future of the retail sector.
“MRCA is recognised as one of the most dynamic associations, actively promoting and representing the retail and franchise fraternities.
“The association has formed local affiliations with many important associations and collaborate with the Government to further benefit members, the public and the business sector,” said Chua in his opening remarks.
He noted that the association has grown significantly, now with over 430 members, many of whom have taken their brands globally.
Moving forward, Chua said the retail sector was expected to meet greater growth in view of the digital retail trend.
“Today, 98% of business establishments are SMEs contributing to 36% of the country’s economy, while the retail sector alone accounts for 20%.
“This will continue to grow if we include digital retail,” he said.
He added that the association had faith that retail would contribute even more to the country’s economy, especially with the initiation of the Digital Free-Trade Zone and collaboration with Alibaba.
Chua also announced the soft launch of the MRCA “Who’s Who Retailer” Directory to promote awareness of its members’ brands and franchising plans.
“This is to kickstart the fund for our future standalone building as envisioned by Datuk Eddie Choon.
“For the first time, the public will have access to MRCA’s full list of members’ backgrounds and success stories, and we’re hoping it to be launched soon,” he elaborated.
Chua shared that the association would continue to pave a clear road map for the next five to 10 years in order to ensure a greater foundation to represent and enrich its members.
Over 1,000 guests in the business sector turned up to celebrate and renew friendships over dinner and drinks, while enjoying the performances of Tony Eusoff and Theresa Goh.
Special guests were Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hamzah Zainudin and the Transport Minister’s special adviser Tan Sri M. Kayveas.
The event also honoured 25 members who have been in MRCA for 10 years and above, including Poh Kong Holdings Bhd which joined from day one, Sinma Jewelry Centre Sdn Bhd and Bonia Corporation Berhad which have been members for 23 years, OSIM (M) Sdn Bhd for 22 years and Nelson’s Franchise (M) Sdn Bhd for 21 years.
The association carries out charitable efforts through the MRCA Branding Education Charity Foundation, business trips for overseas collaborations and marketing as well as promotional initiatives for members.
An upcoming event is the MRCA Charity Run 2017 on Nov 26 at One City, Subang Jaya.