100th Pharmacy Store at Sri Damansara

100th Pharmacy Store at Sri Damansara from Farmasi Store Business

By: Farmasi Store Business  12-03-2013
Keywords: Beauty Products & Services, Franchise, Business Opportunity

Posted on 25 February 2013 - 05:38am Azizul Rahman Ismail

KUALA LUMPUR (Feb 25, 2013): Berjaya Corp's direct selling unit Cosway Corp Ltd has set up its 100th pharmacy in Bandar Sri Damansara, 12 months after its first one in Berjaya Times Square.

Cosway pharmacy is a three in one store, offering Cosway-brand, pharmaceutical and Country Farm Organic-brand products, which kicked off in January 2012.

"We are glad with the Health Ministry's liberalisation of attachment trainings for pharmacists as Cosway Pharmacy has been selected as one of the recognised establishments for training," said Cosway founder and CEO, Al Chuah said in his speech yesterday.

In 2011, the Ministry of Health reduced the mandatory public service training with the government for pharmacists from three years to one year in a move to allow the entry of more pharmacists into the private sector.

Pharmacists were also allowed to serve the one year tenure in selected private pharmacies, such as Cosway Pharmacy.

Chuah said pharmacists who fulfill the attachment requirements with Cosway pharmacy will be provided training on managing a pharmacy store, and can eventually be awarded a free store to run.

"Under the free store programme, Cosway pays the rental, utilities and also supplies products on consignment," said Chuah.

The launch of the store was attended by both Health Ministry Pharmacy Division Senior Director, DatukEisah Abdul Rahman and Berjaya Group founder Tan Sri Vincent Tan.

"As of Jan 31 there are 10,250 licenced pharmacists in Malaysia. It is expected that by 2016, we expect to have 1 pharmacist for every 2,000 citizens in Malaysia. This is inline with the World Health Organisation's recommendation," said Eisah.

On average 1000 pharmacist are produced from 10 local universities every year.

"There are about 1,834 community pharmacies in Malaysia, according to the ministry's statistics. However they cluster around towns and cities."

"To alleviate the problem, the Health Ministry will impose zonings and offer incentives to better spread community pharmacies to rural areas," said Eisah.

Tan said he hopes Cosway Pharmacy will open another 200 pharmacies this year.

Keywords: Beauty Products & Services, Business Opportunity, farmasi, Franchise