Issue of April 7, 2019
Mt. Province

Panagbenga Flower Festival
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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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PWU Baguio
Technical Education & Skills Development Authority – CAR
University of Baguio

Baguio Central University
Baguio Country Club
Benguet Electric Cooperative Inc.
Bureau of Fisheries and Aquatic Resources – CAR
Congressman Ronald M. Cosalan
Department of Health – CAR
John Hay Management Corporation
National Grid Corporation of the Philippines
New Media Services
Pag–IBIG Fund
Pines City Colleges
Sangguniang Panlungsod

Assumption Medical Diagnostic Center
Baguio Center Mall
Baguio Water District
Choobi Choobi
Congressman Mark O. Go
Councilor Leandro B. Yangot Jr.
Curamed Pharmacy
Department of Environment and Natural Resources – CAR
Department of Public Works and Highways – CAR
Department of Science and Technology
Fabulo Beauty and Image Salon
Far East Pacific Commercial
Filipino–Japanese Foundation of Northern Luzon, Inc.
Ganza & Solibao Restaurants
Gen. Benjie B. Magalong
GMS Technology
Governor Crescencio C. Pacalso
Mayor Mauricio G. Domogan
Mayor Romeo K. Salda
Mother Earth Deli Basket
Nagomi Spa
Narda’s / Sunflower Ridge
Northern Luzon School for the Visually Impaired, Inc.
Our Lady of Mt. Carmel Montessori, Inc.
Philex Mining Corporation
Police Regional Office – CAR
Regional Development Council – CAR and National Economic and Development Authority – CAR
Regional Tripartate Wages and Productivity Board – CAR
SN Aboitiz
Tony Boy Tabora
Veterans Bank

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