As part of the Department of Trade and Industry’s (DTI) Trabaho, Negosyo, Kabuhayan (TNK) learning sessions, the Philippine Trade and Investment Center in Taipei (PTIC-Taipei) organized a virtual TNK seminar entitled “Basics of Franchising Seminar” live streamed at MECOnnect Facebook Live last 29 October 2021. This activity was held in collaboration with the Manila Economic & Cultural Office (MECO) and the Philippine Franchise Association, the biggest franchise association in the Philippines.

MECO Chairman and Resident Representative Wilfredo B. Fernandez said that “I am pleased to welcome all of you our kababayans as we engage in this TNK on the Basics of Franchising. Together with the DTI and DOLE, we would like to promote TNK as a venue for capacity building to help OFWs realize their potentials by providing learning sessions on entrepreneurship.”

“PTIC-Taipei looks forward to this TNK Session as we endeavor to support our OFWs in Taiwan and help them develop an entrepreneurial mindset and be ready to take on business opportunities while working abroad,” according to DTI Trade Representative and MECO Commercial Affairs Director Anthony Rivera.

“Nakakatuwa na marami sa ating kababayan and napupusuang magnegosyo at tumulong ibangon ang ekonomiya ng bansa. Today we reached out to our overseas Filipinos in Taiwan to have informed decisions before investing in franchises to avoid franchise scams” said Philippine Franchise Association (PFA) President Sherill Quintana.

PFA representatives provided an overview of the Philippine Franchise Industry, the business of franchising, choosing the right franchise, and how to avoid scams. PFA member companies also discussed franchise business package opportunities. Participating PFA brand members included: Aquabest, Banapple, 7-Eleven, The Lost Bread, Mister Donut, Potato Corner, and U-Franchise.

Recognizing that Overseas Filipinos in Taiwan expressed their interest in exploring investment opportunities in the Philippines while abroad, the Manila Economic and Cultural Office (MECO) through PTIC-Taipei organized a series of TNK seminars to educate our fellow kababayans on entrepreneurship including handling finances, guidance on avoiding and detecting scams and fraudulent activities, and to serve as an online and/or on-site platform for legitimate business opportunities. To date, the social media site has generated over 10,000 views for this TNK series.

Trabaho Negosyo Kabuhayan (TNK) is an initiative led by the Department of Trade and Industry (DTI), in collaboration with the Department of Labor and Employment (DOLE) and Department of Foreign Affairs (DFA), to promote entrepreneurship to generate jobs and employment in the Philippines.

Date of Release: 22 November 2021