Economic Boosts Rush in the Holidays

by Karol Christian S. Maglaya  November 25, 2016

Across the United States, thanksgiving season is being celebrated in the last week of November. This is time wherein people give thanks in the blessing of the harvest and of the events and happenings of the previous year. In the Philippines, Filipinos tend to get ready with the Christmas spirit and decorate their homes with ornaments and shop for possible items to giveaway to their friends and love ones. It goes the same with businessmen and investors alike. These people are also in search of possible areas which they can start up and/ or expand their businesses, especially in the season of the “ber” months because it is the time of the year where foot traffic in everywhere you go is more unimaginable than the usual hectic commute that most Filipinos experience in their everyday working routine.

 

Last 2015, the world’s largest franchise expo called the Franchise Asia Philippines 2015 has invited not only local franchisees but also more than 50 foreign companies who came in partnership with the local business sectors in the country. Foreign brands invited and took part of the said event include Park Lane (from USA) and Just Cuts (from Australia). At that time, the Philippine Franchise Association (PFA) sees the goal of business and possible expansion of these firms with our local companies at a growth rate of 60% by the end of this year. It is then safe to say that 2017 will be a great year for the Philippine economy as more and more investors take part in our great nation and for the progress in the upcoming years ahead.

 

As businesses take part in progression of their firm, they could do certain particularities in order for their business to boom as fast as possible for as long as they can manage it. These upcoming firms could take advantage of the opportunity of the enormous horde of foot traffic that they will encounter as the Yuletide season is fast approaching. This will then help in boosting the economy and will end the year fruitfully with all smiles on businessmen and investors alike.

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