New DTI Planned Franchisor Guidelines
But 2 big franchise organizations in the Philippines, namely Philippine Franchise Association (PFA) and the Association of Filipino Franchisers Inc (AFFI) have opposed such regulation in the industry which has baffled me but not surprising since they have vested interest in this.
The current franchise industry is pretty much self-regulated, which in my opinion has not worked out too well. It’s close to being the wild wild west. Many franchise companies, some are even MLM companies cleverly disguised as offering legitimate franchises are popping up at an alarming frequency often offering substandard franchises that’s ruining the industry as a whole. For more on the news, you can view it here.
Labels: my 2 cents