PH Brands Abroad ‘Lifesaver’ For Filipino Franchise Sector

PH Brands Abroad ‘Lifesaver’ For Filipino Franchise Sector


GSIS To Launch Two Mobile Apps This October

Mas madali mo nang ma-access ang iyong GSIS account gamit ang bagong mobile application nito!

Halloween @ Home: Recreate The Chills And Thrills With Globe At Home

End the Spooktober in a spooktacular way with Globe At Home!

Phoenix Introduces New FamilyMart Retail Format Through Cebu Stores

FamilyMart opens three new compact stores in Cebu, offering a unique customer experience in response to the effects of the COVID-19 pandemic.

Globe Introduces Mobile Health Solution With GoHealth

For just P20, you can now enjoy up to P,1000 health insurance from Pacific Cross!

Philippine franchise brands that expanded outside the country have helped the local franchising sector amid the coronavirus disease 2019 (Covid-19) pandemic.

Philippine Franchise Association (PFA) president Richard Sanz said the group’s strategy to bring Filipino franchise brands abroad has now helped Philippine-based stores to keep their businesses afloat amid the strict lockdown measures being implemented here.

“Now, the crisis has shown us the overseas outlets of these Philippine franchise brands have proven themselves to be the lifesavers when the Philippine-based stores were forced to close because of the lockdown,” Sanz said at the opening of the Franchise Asia Philippines 2020 Monday.

He said it has been PFA’s strategy to bring Filipino franchise brands abroad rather than Philippine labor.

“Because of franchising’s power to create jobs and businesses, we should be getting support so that we can help bring our economy back on its feet. More than just creating businesses and jobs, franchising is also an effective instrument in globalizing brands,” he added.

Moreover, Sanz said the Philippines remains an attractive market for international franchises.

Citing a United States-based think tank EGS, the PFA chief said the Philippines leads Southeast Asian nations as the best destination for international franchises due to the country’s economic growth, market size, intellectual property protection, ease of entry, ease of starting a business, corruption index, political situation, economic factors, long-term investment level risk, and projected Covid-19 recovery.

“Even now, the PFA Secretariat still gets inquiries from other countries on how to expand here,” Sanz said.

Trade Secretary Ramon Lopez said franchising is a “tried and tested” model for entrepreneurship.

“On the part of the government, we’ve been helping the local franchise industry by accelerating the exposure of your various franchise business models worldwide, with the help of our Philippine Trade and Investment Centers,” Lopez said.

He added that with the Bayanihan 2 being enacted into law, the government continues to create a conducive environment to do business despite the pandemic with the regulatory relief provided by the new law.

Under Bayanihan 2, the Small Business (SB) Corp. has a PHP10-billion fund to offer financial assistance to micro, small, and medium enterprises through the Covid-19 Assistance to Restart Enterprises (CARES) program.

The new CARES program will also extend SB Corp.’s loan programs to benefit cooperatives and repatriated overseas Filipino workers. (PNA)

A Look Into Education’s New Normal: DepEd Shares Insights On The First Weeks Of Classes

Kamusta naman kaya ang ating mga mag-aaral at magigiting na guro ngayong school year?

Spring Valley And Globe: How These Visionaries Are Pinning Technology In PH Map

Calling modern technopreneurs! Now is your chance to learn more about the IT industry with the Globe myBusiness Academy.

Kim Chiu Shows Off Dance Moves With Her Cover Of ITZY’s ‘Not Shy’

The Chinita Princess is absolutely NOT SHY in channeling her ITZY fantasy!

Palace Congratulates Miss Universe Philippines 2020

ROQUE: “Nag-align ang mga bituin para siya ang iproklamang pinakatatanging Pilipina sa buong Universe."

Voting For MAMA 2020 Is Now Open

What you waiting for?! If you really, really love them, support them by casting your vote today!

San Juan To Build Solar-Powered Bike Pit Stop, Repair Station

Here's what the the country's first solar-powered bike pit stop and repair station would look like:

Hontiveros Urges PH Gov’t To Back Int’l Campaign To Make COVID-19 Vaccine Cheaper

Sen. Hontiveros, naghain ng resolution na sumusuporta sa pagpapaluwag ng intellectual property (IP) agreements upang mas mapadali at mapamura ang pagkuha ng COVID-19 vaccine.

Bacolod City Requires Travelers To Register For Contact Tracing

Individuals staying in Bacolod city who are seeking authority to travel are now required to register in the Bacolod Contact Tracing System.

PH COVID-19 Recoveries Rise By 740

Bilang ng mga naka-recovr mula sa COVID-19, tumaas ayon sa Department of Health.

DOLE: ‘Floating’ Employees Allowed To Find Alternative Work

DOLE, pinahintulutang maghanap ng alternatibong pagkakakitaan ang mga empleyadong nasa "floating status."