9 5 Percent Of Businesses In The Philippines Are Msmes News Today : Breaking News, Live Updates & Top Stories | Vimarsana

President Rodrigo Roa Duterte (File photo) MANILA - President Rodrigo R. Duterte has signed an executive order (EO) directing the Department of Trade and Industry (DTI) to create a Franchise Registry for the protection of micro, small and medium enterprises (MSMEs). EO 169, signed by Duterte on May 12, recognizes that the franchising industry plays a crucial role in sustaining the country's economy by creating job opportunities, boosting consumption, and promoting tourism. "There is a need to intensify government efforts to strengthen the franchising industry to help businesses, especially MSMEs, by developing a transparent and business-friendly environment, and promoting fair and equitable practices," the EO read. EO 169 prescribes the minimum terms and conditions of franchise agreements. Non-MSME franchisees and franchisors may consider the minimum terms and conditions provided as best practice and incorporate the same in their respective franchise agreements. Under the ....

Rodrigor Duterte , Philippine Statistics Authority , Franchise Registry , Franchise Agreements , General Appropriations Act , President Rodrigo Roa Duterte File Photo Manila Rodrigor Has Signed An Executive Order Eo Directing The Department Of Trade And Industry Dti To Createa Franchise Registry For Protection Micro , Mall And Medium Enterprises Msmes Eo 169 , Igned By Duterte On May 12 , Ecognizes That The Franchising Industry Playsa Crucial Role In Sustaining Country 39s Economy By Creating Job Opportunities , Boosting Consumption , Nd Promoting Tourism Quot There Isa Need To Intensify Government Efforts Strengthen The Franchising Industry Help Businesses , Specially Msmes , Y Developinga Transparent And Business Friendly Environment , Nd Promoting Fair And Equitable Practices , Uot The Eo Read 169 Prescribes Minimum Terms And Conditions Of Franchise Agreements Non Msme Franchisees Franchisors May Consider Provided As Best Practice Incorporate Same In Their Respective Under , Ranchisors Must Be Responsible For Registering Their Franchise Agreements With The Dti , Rovided That Franchisors Are Members Of Duly Registered Franchise Associations Must Register With The Dti Their Standard Agreement And Execute An Undertaking All Future Agreements Msme Franchisees Incorporate Minimum Terms Conditions Prescribed Under Order Quot Not Entered Into Within 30 Days From Execution , Uot The Eo Read Also Directs Dti To Create An Msme Registry Of Franchise Agreements Entered Into By And Betweena Franchisor Franchisee Quot Only That Incorporate Minimum Terms Conditions May Be Registered , Uot It Added Meanwhile , Ranchisors With Existing Franchise Agreements Msmes Must Comply The Requirements Prescribed In Order Upon Renewal Of Their Respective Agreement Msme Franchisees Dti Formulate And Issue Implementing Guidelines Within 90 Days From Effectivity Eo 169 Necessary Funding For Implementation Will Be Sourced Regular Appropriations Support Succeeding Years Incorporated Annual General Act , Ubject To The Usual Budget Process According Philippine Statistics Authority Psa 2019 Update Of List Establishments , 9 5 Percent Of Businesses In The Philippines Are Msmes , 8 Percent Of Which Are Into Franchising An Msme Refers To Any Business Activity Or Enterprise Hasa Value Falling Between Php50 , 000 To Php20 Million Pna ,