Tuesday, July 5, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

Franchisers decry high mall charges

Othel V. CamposbyOthel V. Campos
September 21, 2016, 11:30 pm
in Business
Reading Time: 2 mins read
A A
72
SHARES
Share on FacebookShare on TwitterShare on Email

A group of franchisers on Wednesday asked the government to rationalize the rental fees charged by shopping malls from entrepreneurs.

The Association of Filipino Franchise Inc. said both members and non-members expressed concern over the high rental rates that doubled in the last few years.

“Most of the concerns of business people are rent. We have engaged Senator Sherwin Gatchalian to help us create a law that will monitor rents in malls,” AFFI chairman Armando Bartolome said Wednesday in a pre-event briefing for the upcoming 15th Franchise and Business Expo.

The group said from P15,000 per six-square-meter space a few years ago, the rent paid by a tenant at a shopping mall now reached P30,000 a month.

Lease represents about 15 percent to 18 percent of a small company’s operational expense, the group said.  Other malls and grocery stores also charge a specific percentage from the sales of the tenant, it said.

ADVERTISEMENT

The business group expressed hope that by the first quarter of 2017, a draft legislation would be passed to support their cause.

It said one good development was a proposal to work with Property Company of Friends Inc. for a structure that could be a community mall where tenants would be given good rates.

AFFI said despite the high rental rates, the group was optimistic of generating up to P150 billion in combined sales in fiscal year ending September 2017.

Total sales of the group in fiscal year ending September 2016 reached P107 billion, or 13.8 percent higher than P94 billion in 2015.

Employment by group members also increased 14 percent to 213,569 people from 187,434 a year ago.

The group now has 188 members. AFFI members with global presence include Aquabest, Crystal Clear, Eat Bulaga, Figaro, Fiorgelato, Goto King, Lay Bare, Mang Inasal, Potato Corner, Julie’s Bakeshop, Binalot, Ferino’s Bibingka, NASA Water, Reyes Hair Companyy International, Adobo Connection and Aquasuisse.

Among members, Potato Corner has the highest overseas market penetration rate with 119 branches worldwide.

Bartolome noted the increasing number of franchisors in the food category with 55 percent of the total members, with the rest belonging to the non-food category.

AFFI said in the food sector, 45 percent were located at in-line stores, 33 percent in kiosks while 22 percent were stand-alone shops.  In the non-food sector, 59 percent were in services and 41 percent in retail.

The 15th Franchise and Business Expo will take place on Oct. 14 to 16 at the World Trade Center.

Tags: Association of Filipino Franchise Inc.entrepreneursFranchisersrental feesshopping malls
ADVERTISEMENT
Othel V. Campos

Othel V. Campos

Related Posts

MARCVENTURES HOLDINGS, INC.: Notice of the Annual Stockholders’ Meeting

byManila Standard
July 5, 2022, 6:00 am
0
136
Marcventures receives 3 ISO re-certifications for quality standards

00

Read more

SMC to cooperate with gov’t on Bulacan airport ecozone

byDarwin G. Amojelar
July 4, 2022, 7:20 pm
0
201
Ang: Government can buy back Petron

San Miguel Corp. said Monday it will cooperate with the government to realize the vision of Bulacan Airport Economic Zone...

Read more

EDC wins Bohol’s 10-year electricity supply contract

byAlena Mae S. Flores
July 4, 2022, 7:15 pm
0
168
EDC taps US firm to restore Leyte geothermal well

First Gen Corp. subsidiary and renewable energy leader Energy Development Corp. won a contract to supply electricity to the island...

Read more

Tariff Commission recommends safeguard duties on HDPE

byOthel V. Campos
July 4, 2022, 7:10 pm
0
147
PH plans to impose safeguard duties on Thailand’s products

JG Summit Olefins Corp. said Monday it welcomes the recommendation of the Tariff Commission to impose safeguard duties on imported...

Read more

SEC approves LFM Properties’ listing sans IPO

byJenniffer B. Austria
July 4, 2022, 7:05 pm
0
162
SEC okays P750-million IPO of Haus Talk, share sale of EEI

The Securities and Exchange Commission said Monday it approved the listing of LFM Properties Corp., a company owned by listed...

Read more

Marcos administration’s goal to cut poverty to a single-digit level viable

byJulito G. Rada
July 4, 2022, 7:00 pm
0
152
Anti-trust body warns of penalties

The government’ “ambitious” target of reducing the poverty level from more than 20 percent to single digit at the end...

Read more

Stories you may like

  • Denying Villafuerte justice

    Starting on the wrong foot

    3164 shares
    Share 1266 Tweet 791
  • Of course, it was BBM’s project

    33262 shares
    Share 13305 Tweet 8316
  • The next, now, or never in new romance film ‘Ngayon Kaya’

    2349 shares
    Share 940 Tweet 587
  • Property relations in marriage

    1126 shares
    Share 450 Tweet 282
  • Herbosa will make an excellent DOH Secretary

    2083 shares
    Share 833 Tweet 521

Print Edition

View More

Recent Posts

  • MARCVENTURES HOLDINGS, INC.: Notice of the Annual Stockholders’ Meeting
  • Sneakers for Makati : AB4.0
  • BBM tackles food shortage
  • Xi to invite Marcos to visit China, Beijing’s top diplomat set to arrive
  • Bautista nixes status quo in land transport
  • Palace: Evaluation of candidates for still-vacant posts in final stage
  • All’s not lost for Bulacan freeport, government to back bill once ‘corrected’
  • Big price cuts on diesel, LPG, but gas unchanged

Advertisement

Latest News

Palace: Evaluation of candidates for still-vacant posts in final stage

byVito Barceloand2 others
July 5, 2022, 1:10 am
0
218
Trade groups hail poll results

President Ferdinand R. Marcos Jr. is moving closer toward completing his Cabinet as the selection process for the remaining vacant...

Read more

All’s not lost for Bulacan freeport, government to back bill once ‘corrected’

byMacon Ramos-Aranetaand1 others
July 5, 2022, 1:00 am
0
195
Vax wastage, infection surge feared in Odette-hit areas

President Ferdinand Marcos Jr. will fully support the establishment of a special economic zone and freeport adjacent to the proposed...

Read more

Big price cuts on diesel, LPG, but gas unchanged

byAlena Mae S. Floresand1 others
July 5, 2022, 12:50 am
0
179
Gov‘t on alert over inaugural disruption buzz

Oil companies cut pump prices by as much as P3.40 per liter effective 12:01 a.m. Tuesday to reflect the movement...

Read more

Average daily COVID cases jump 60%, OCTA sees drop next week

byWillie Casas
July 5, 2022, 12:40 am
0
171
Laguna officials, huge crowd go for BBM, Sara

The Philippines logged 7,398 new COVID-19 cases from June 27 to July 3, 2022 with a daily average of 1,057...

Read more

Medical reserve corps bill pushed

byMaricel Cruz
July 5, 2022, 12:30 am
0
168
Fiction comes to life: How to Murder Your Husband

Three legislators led by Leyte 1st District Rep. Martin G. Romualdez have proposed the creation of a Medical Reserve Corps...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App