THE Association of Filipino Fran-chisers Inc. (AFFI) expects the group’s aggregate sales to reach P150 billion this year, an industry official said on Wednesday at the media launch for the upcoming 15th Franchise and Business Expo to be held in Manila next month.
“Last year we projected P90 billion, we exceeded that and hit P94 billion. We had some major concerns like the truck ban last year. This year we are surprised that we hit P107 billion [so far], so we are conservative in terms of projection, but this year we might be hitting P150 billion,” said Armando Bartolome, chairman of the board of AFFI.
“We are getting more members now, from 31,000 last year to 35,000 this year, so that’s a big increase,” he said.
Bartolome said they have been working more closely with the Department of Trade and Industry, especially now that the former executive director of Go Negosyo, Ramon Lopez, is now the DTI secretary.
Bartolome said the DTI secretary has “really a close partnership with us and he understands the negosyo people, the micro, small and medium enterprises” or MSMEs.
The 15th Franchise and Business Expo will be held from October 14 to 16 at the World Trade Center in Pasay City and is expected to draw hundreds if not thousands of business owners and aspiring entrepreneurs.
“As the premier community of empowered entrepreneurs in the country, we make it our personal mission to lead the sector toward a more involved role in nation-building,” said AFFI president Jerry Ilao.
The franchising industry contributes significantly to employment generation and economic development, Ilao said.
He noted that AFFI’s member corporations have already created 213,569 jobs for this year alone.