Even with complaints against fly-by-night franchisers continuing to mount, the Philippine Franchise Association (PFA) will still not seek the passage of a law regulating the industry in the next Congress.
PFA vice chairman Manuel Siggaoat explained that they believe that self-policing is better than having a law that would just potentially “choke†the growth of the franchising industry, which is seen as the next biggest catalyst for employment growth and property development in the country.
“All the lawmakers will have their own ideas, until eventually the law will just choke the industry,†Siggaoat told the BusinessMirror.
He said this is the case in the United States, in which the passage of a law regulating the franchising business hindered the growth of the industry.
