Franchising Industry Helps Boost Philippines Economy

Pinoy Press:

President Gloria Macapagal-Arroyo has cited the franchising industry as a big boost to the country’s economic growth and development.

‘Franchising in the Philippines has made good progress. It has helped improve productivity of small and medium enterprises through the use of standards, modern technology and better management systems,’ President Arroyo said in her speech delivered by Presidential Management Staff chief Cerge Remonde during the Association of Filipino Franchisers Inc. (AFFI) trade show recently.

‘Our growing economy is opening great opportunities for our people. Confidence is up and we are expecting a flood of investments in the wake of growing political stability and sound economic stewardship,’ she added.

The President expressed strong support to the franchise industry, which is considered a viable business opportunity for prospective entrepreneurs and a growth strategy for small businessmen, including start-up or expanding franchisers and franchisees and suppliers of franchiser-firms. More.