Wednesday, May 19, 2010

Philippine Franchising Scam

DTI warns OFWs vs franchising scam
abs-cbnNEWS.com
Posted at 04/15/2010 11:03 PM Updated as of 04/15/2010 11:03 PM

MANILA, Philippines – Filipino migrant workers and their families were again warned against bogus franchisors duping them of their hard-earned money.
The Department of Trade and Industry (DTI) asked the foreign affairs department to issue an advisory to all Philippine posts to warn OFWs against rampant franchising scams.
The DTI specifically identified Fran.con Franchise Marketing and Consultancy, Inc., Hamoraon Business Specialist Inc., and Michelle Ann Pacubas-Chan (single proprietor) as bogus franchisors.
The trade department advises OFWs to contact the DTI Direct Hotline 751-3330 or the Franchising Associations and other relevant government agencies for verification of legitimate franchisors.
The DTI said it receives numerous complaints from victims of franchising scams, especially from OFWs.
Last March 23, the government agency held a dialogue with the Department of Labor and Employment, the Securities and Exchange Commission, the Overseas Workers Welfare Administration, the Philippine Overseas Employment Agency, Franchising Associations, and a number of complainants to assist and resolve the concerns of OFWs who would like to venture into the franchising business.
One of the measures agreed to address the issue is to conduct an intensive information campaign to alert and warn the public, especially OFWs, against bogus or fake franchisors.

http://www.abs-cbnnews.com/global-filipino/04/15/10/dti-warns-ofws-vs-franchising-scam



PFA vows to act vs franchise scams (The Philippine Star) Updated May 10, 2010 12:00 AM
MANILA, Philippines - The Philippine Franchise Association (PFA) renews its commitment to work hand-in-hand with the Department of Trade and Industry (DTI) in curbing illegal franchises that are victimizing aspiring entrepreneurs and would-be franchisees.
PFA and Wendy’s Philippines president Yvette Pardo-Orbeta underscored the importance of exemplary business ethics as an integral part of running a successful franchise enterprise. “In PFA, members are bound by the Fair Franchising

Standards (FFS) which provides a framework for the implementation of best practices in their respective franchise relationships,” she noted. Orbeta explained that the FFS represents the ideals to which PFA members agree to subscribe, promoting transparency in the conduct of businessbetween  franchisor and franchisee, thereby maintaining the highest ethical standards in franchising.
“The PFA has continued its advocacy in informing, guiding, and educating new players, especially OFWs who wish to own their franchise. Unfortunately, an unscrupulous few have taken advantage of the good name of franchising for their selfish benefit,” Orbeta added.
Philippine franchising has significantly contributed to enterprise development and job creation. At present, the sector accounts for about $6 billion or about 25 percent of the country’s entire retail sales.
“The shady practices of the few should not diminish the public’s interest and trust in franchising,” said the PFA chief. “Be more diligent when looking into a franchise concept. Check the facts first before parting with your hard-earned money. It would be wise if you can consult with your lawyers and show the documents presented to you. Inquire if they are members of PFA,” she added.
To check the legitimacy of franchise operations, contact the PFA at 687-03 65 to 67 or (63917) 832-0732, email pfa@pfa.org.ph, or call DTI at telephone number 751-3330.

http://www.philstar.com/Article.aspx?articleId=573766&publicationSubCategoryId=66


http://pinoybusiness.org/2009/06/25/how-to-avoid-franchise-scam/


http://www.spot.ph/2010/04/15/dti-identifies-franchising-scams-targeting-ofws/

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In honor of Commander Liwanag of Hukbalahap. Who visited me in my birth and story I heard about this great leader. The teaching and believe He share with my family about doing good and doing right toward others. Despite many bad things happening in our country. We must never do wrong or bad to make a living or profit that jeopardize other people. All wrong or bad must be expose to see the truth and the light. That other will not follow and be aware of this misdeed. Make a living by hardwork and good deeds. I maybe forgotten but my legacy live on to you who believe.