OFWs warned against rackets on franchising

DTI said it receives numerous complaints from victims of franchising scams, especially from OFWs.

http://www.saudigazette.com.sa
June 19, 2010

OFWs warned against rackets on franchising

MANILA – The Foreign Affairs and Trade departments warned overseas Filipino workers Thursday against rampant franchising scams.

An article on the DFA website said the Department of Trade and Industry (DTI) has so far identified at least three bogus franchisors. These include Fran.con Franchise Marketing and Consultancy, Inc., Hamoraon Business Specialist Inc., Michelle Ann Pacubas-Chan (single proprietor)

For verification of legitimate franchisors, the DTI advises overseas Filipinos to contact the DTI Direct Hotline 751-3330 or the Franchising Associations and other relevant government agencies. DTI said it receives numerous complaints from victims of franchising scams, especially from OFWs.

Last March 23, the DTI held a dialogue with the Department of Labor and Employment, the Securities and Exchange Commission, the Overseas Workers Welfare Administration, the Philippine Overseas Employment Agency, Franchising Associations and complainants.

"One of the measures agreed to address the issue is to conduct an intensive information campaign to alert and warn the public, especially OFWs,” the DFA said.

– GMANews.TV

http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentID=2010041769636


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