According to the International
Franchise Association (IFA), franchising currently represents 18 million jobs
and $2.1 trillion worth of economic activity in the U.S.
In Southeast Asia, the
Philippines leads in terms of franchise concept development. Last year, more
than 124,000 franchisees offered the products and services of over 1,100
franchisors in the country. The industry generated more than a million jobs
while recording a total of $9.45 billion output—equal to five percent of the
country’s total gross domestic product (GDP).
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| ESQUIRE Financing Inc.'s CEO Rajan Uttamchandani (Center) with staff at the inauguration of the new CAPITALIFE Business Center in Makati. |
PFA Chairman Lim said that
the recent growth can be attributed to the entry of new players from micro,
small and medium enterprises (MSMEs), the continued rise of the business
process outsourcing (BPO) industry, and the introduction of indigenous and food
concepts.
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| ESQUIRE Financing Inc.'s CEO Rajan Uttamchandani at the Philippine Small and Medium Enterprise Expo 2012 |
ESQUIRE Financing Inc. also
recognizes the potential in funding the development of emerging enterprises,
especially now when there is positive economic growth in the country. “MSMEs
are the pillars of growth of the Philippine economy. They will catapult
economic production into greater numbers through job development,” ESQUIRE
President/CEO Rajan Uttamchandani stated.
Learn
more about how EFI can help you grow your SME with its fast and efficient
financial solutions by visiting http://esquire.com.ph/, or contact
david@esquire.com.ph or call 0917-5135573.
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