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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Philippine National Police – Police Regional Office – CAR
R.A Gapuz Review Center

Baguio Central University
Baguio Country Club
Benguet Electric Cooperative Inc.
Congressman Mark Go
Data Center of the Philippines of Baguio City, Inc.
Department of Health – CAR
Kings’ College of the Philippines
Mayor Benjamin B. Magalong
Pines City Colleges
Sangguniang Panlungsod
SiTEL
SM City Baguio
Social Security System
Veterans Bank

Albergo Hotel and Residences
Baguio Center Mall
Baguio Water District
C & Triple A Supermart
Congressman Nestor B. Fongwan
Curamed Pharmacy
Department of Agriculture – CAR
Department of Environment and Natural Resources – CAR
Ganza & Solibao Restaurants
GMS Technology
Governor Melchor D. Diclas
John Hay Management Corporation
Mayor Romeo K. Salda
MMS Development Training Center Corporatino
Mother Earth Deli Basket
Philipppine Science High School
Regional Development Council – CAR
Sutherland

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