Surging demand in the provinces for affordable small business ventures and the underlying shift of overseas Filipino workers to entrepreneurship are driving the annual 20 percent growth of the franchising industry, according to a trade group.
The Association of Filipino Franchisers inc. (AFFI) said its members’ sales reached P80.5 billion, exceeding the P70 billion for all of 2010, and there are still five months left in 2011. The group’s 110 members have 6,600 stores that claim to have created 40,000 jobs nationwide.
Association Chairman Emeritus Teresita L. Ngan Tian said there “is keen interest among overseas Filipino workers to have their business through franchising.” Ngan Tian owns the Lots’ A Pizza brand and co-owns other franchises, including Chichariffic.
From collective sales of P70 billion in 2010, the group’s members already posted year-to-date sales of P80.5 billion in 2011. The group expects a cumulative growth of 25 percent in 2012.
“Judging by the way the industry is steadily growing an annual rate of 20 percent, we might double the strength of the industry in a matter of two to three years,” Ricardo Z. Cuna, AFFI president and owner of the Fior Gelato franchise brand.
Most of association’s members — about 70 percent — are in the food business but the service business is also growing, especially beauty and wellness ventures. — ELR/VS, GMA News
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
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September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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