Issue of April 7, 2019
     
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Starting entrepreneurs urged to invest in franchise trade
by Press release

Prospective entrepreneurs are encouraged to invest in franchise business to create more jobs and boost trade in the country.

“We are unleashing an army of entrepreneurs. Franchising is about building an army of entrepreneurs. Every franchisee is an entrepreneur. And for every entrepreneur unleashed, jobs, trade, and opportunities are created,” said Philippine Franchise Association (PFA) President Richard Sanz.

Sanz noted the Philippines is now the seventh country with the highest number of franchise brands, following Korea, India, United States, Taiwan, Brazil, and France.

“Philippine franchising grew exponentially and has become a frontrunner in global franchising today,” he said, attributing this to PFA’s introduction to micro, small and medium enterprises (MSMEs) about franchising as a strategy for growth.

Sanz pointed out that before PFA, franchising was limited to foreign brands and large companies and hardly made an impact in the economy.

He said there are currently 1,800 franchise brands in the country with total output of $25 billion and creating over one million jobs.

“Filipino brands are expanding rapidly, there are about 30 Filipino global brands in the world right now but we want to see 100 Filipino global brands three years from now in 2022,” he added.

The PFA is the voluntary self-regulating body for franchising in the Philippines. It is the country’s pioneer and largest franchise association with members ranging from micro to large, both homegrown and international.


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Albergo Hotel and Residences
Informatics

Baguio Central University
Department of Health – CAR
King’s College of the Philippines
Narda’s and Sunflower Ridge
National Grid Corporation of the Philippines
Our Lady of Mt. Carmel Montesorri, Inc.
Pines City Colleges
R.A. Gapuz Review Center

Assumption Medical and Diagnostic Center
Baguio Center Mall
Baguio Country Club
Baguio Water District
Choobi Choobi
Curamed Pharmacy
Department of Environment and Natural Resources – CAR
Department of Transportation – CAR
Easter College
Fabulo Beauty and Image Salon
GMS Technology
Gov. and Mrs. Crescensio and Jane Pacalso and Family
La Funeraria Paz, Inc.
Maybank
Mayor Romeo K. Salda
Mother Earth Deli Basket
New Media Services
Northern Luzon School for the Visual Impaired, Inc.
Overseas Workers Welfare Administration – CAR
Philippine Rural Electric Cooperatives Association
Regional Development Council – CAR
National Economic and Development Authority – CAR
Technical Education and Skills Development Authority – CAR Search Results Web result with site links Technical Education and Skills Development Authority – CAR

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