RK FRANCHISE CONSULTANCY ASSISTS ENTREPRENEURS IN OPENING FRANCHISES IN SM DAVAO & CAGAYAN DE ORO

  
Several Cebuano entrepreneurs are keen on looking at the opportunity of opening franchise businesses in the newly opened SM malls in Davao & Cagayan de Oro. Despite the present economic and political crisis not just in Mindanao but the whole country, Mindanao is still very promising to entrepreneurs who are willing to invest in the region particularly in Davao & Cagayan de Oro. 

RK Franchise Consultancy has always been in the forefront of developing business franchises in the Philippines, several of them are Cebu based homegrown franchises engaged in the food & service businesses. Sixteen companies were assisted by the company in setting up franchised outlets since the opening of SM in Davao and ten more are expected to open in SM Cagayan de Oro towards January 2003.  The company’s marketing outlook in the Visayas and Mindanao market is bullish given the tremendous growth of the industry in the past 2 years.  Cagayan de Oro is perceived to be the most promising due to its proximity with Cebu.

Franchising has gained popularity in the Philippines as a ready option for investors who are interested to go into business but doesn’t want to go through the trial and error period of doing business anymore.


DAVAO & CEBU FRANCHISE EXPOS LAUNCHED

Along this line RK Franchise Consultancy is organizing the “Davao Franchise Expo” on November 22-24 at SM City Davao.  The event is a showcase of franchise opportunities available to entrepreneurs in the region and serves as the the first major franchise industry event to be held in Mindanao.

This event will be followed by the “4th Cebu International Franchise & Business Opportunity Expo” on March 21-23, 2003. The event will be held at Ayala Activity Center and will highlight the participation of the Singapore International Franchise Association (SIFA) aside from local companies who will be in Cebu to open further the doors of franchising to Filipino entrepreneurs who are interested to invest in a franchise.  Businesses engaged in food/restaurants, services, distribution, retail specialty shops, repair services, cleaning, courier services, communications, beauty/hair care and education related services among others are expected to be showcased during the expo. 

Related seminars will also be held to give the public more awareness about the growing popularity of franchising. The Cebu expo is now on its 4th year and has been successfully managed by the company ever since it started.  Entrepreneurs may visit the company’s website for full details about the expo. Details on available franchise opportunities are also available at http://www.wefranchise.com     

Exhibition and sponsorship opportunities at the event are still open. Inquiries may be directed to RK Franchise Consultancy in Cebu at Tel/Fax (32) 3409162, 3407463, 09173203898 or email at franchise@www.com and franchise@speedsurf.pacific.net.ph.
 

 

2000 HOLIDAY SALES DROPPED DUE TO SOURING ECONOMY

 

Dipolog City—Local analysts describes 2000 as the weakest attainment in at least ten years as the local retailers recorded holiday sales were more disappointing than expected that resulted from souring economy.

It was noted that the only consumers who seemed to be spending freely were teens as they headed for what’s new in town like jeans, bracelets, and other paraphernalia, all of which reported strong sales for the season.

They said that the effects of a lousy Christmases would continue through the first quarter of this year.  A combination of factors including the stock market’s volatility and higher fuel prices took more tolls on consumer spending than initially thought.

Shoppers were significantly more bargain-conscious and purchased more sale-priced merchandise.  

 

  

10US TO ACCEPT .6M SKILLED IMMIGRANTS 

  
WASHINGTON—High-tech companies could bring in almost 600,000 additional skilled foreign workers over the next three years under a bill that sped through Congress. 

The Senate passed the bill on a 96-1 vote, and the House followed with voice vote passage several hours later Tuesday, abandoning a version of its own that met serious opposition from the technology industry. 

The quick congressional action after nine months of jockeying fulfills an election-year promise by both Democratic and Republican leaders to a high-tech sector that is increasingly flexing its political muscle through lobbying and campaign donations to both parties. President Bill Clinton has said he will sign it. “We should pass the bill just as it is, so we don’t have to conference it,” said Rep. Zoe Lofgren, Democrat-California. “It’s the best bill that’s been considered yet.” Lofgren had co-sponsored a similar bill with Rep. David Dreier, a Republican from California that had stalled in the House in favor of a version that had more protections for American high-tech workers. 

With US unemployment rates holding steady near a 30-year low, companies in California’s Silicon Valley and along other booming high-tech corridors say they need the additional workers with six-year H-1B visas to fuel their continuing rapid growth. 

“The short-term problem is how to fill the key positions immediately so that we don’t lose opportunities to foreign competitors or so that we don’t force American businesses to move offshore to where skilled workers might live,” said Sen. Spencer Abraham, a Republican from Michigan. A bill by Rep. Lamar Smith, a Republican from Texas, that was approved by the House Judiciary Committee would have required companies using visas to increase the median pay of their US workers and establish job projections for them. 

The industry opposed Smith’s bill. Industry advocates—including Microsoft and Sun Microsystems, the US Chamber of Commerce and the National Association of Manufacturers—praised the Senate vote. “If we want the United States to maintain its technological advantage, employers must be allowed to hire the professionals they need,” said Paula Collins, director of government relations for Texas Instruments. 

Technology businesses have more than doubled their political contributions during the past two years, according to the Independent Center for Responsive Politics. The companies have given candidates $22.1 million since the start of last year, with Democrats getting a little more than half of that. .3M jobs unfilled Computer software and other high-tech companies contend that 300,000 jobs are going unfilled for a lack of qualified workers. 

Labor unions, however, argue that the companies want more immigrants to put down wages of Americans holding the same jobs. Sen. Ernest F. Hollings, a Democrat from South Carolina, cast the lone vote against the bill. Three Democratic senators—Dianne Feinstein of California, Edward M. Kennedy of Massachusetts, and vice presidential candidate Joseph Lieberman of Connecticut—did not vote. 

The Senate bill would allow the Immigration and Naturalization Service to issue up to 195,000 new H-1B visas annually for the next three years to skilled foreign workers. 

The bill also would exempt from the cap foreign graduates of US master’s or doctoral programs or foreign workers at US colleges, providing another source of labor to high-tech companies.¨
 

  

TAX COLLECTIONS SLOWS DOWN, BUSINESS SLUMPS

 

Dipolog City – The Bureau of Internal Revenue (BIR), Revenue District Officer Nasser Tanggor said this week that the sudden decline of the national economy and the slump in the local 

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Bureau of Internal Revenue Office. Dipolog City

businesses in the city of Dipolog had slowed down the annual tax collections for the year ending 2000, the targets of which had been unrealized.  The revenue collections for the year 2000 slowed down quite remarkably but the BIR said they overshot their collections generated last year.

Although the office’s target collection of PHP 70 million was not realized but the actual collection of PHP150 million has overshot the collections of the previous year.

“This is good enough since other BIR agencies in the country registered a significant drop in tax collections,” Tanggor said. He pointed out that it is due largely to the economic crises the country is facing these days.

The total national deficit in tax collections as of October last year was PHP20 billion and has escalated to a staggering PHP90 billion before year ends, sources from the Department of Budget and Management in Manila disclosed.

Meanwhile, Tanggor will be transferred by this month of January 2001 to the city of Pagadian. His transfer is a part of the periodic reshuffle of BIR employees nationwide effective mostly on every end of the year.

  

9NEW AIRLINE TO OPEN FLIGHTS CEBU-DIPOLOG, DIPOLOG-CEBU

A new airline company will soon be serving the route long abandoned by the Philippine Airlines from Cebu to Dipolog and back four times a week.

Welcome to Asian Spirit - The People's Airline! The Asian Spirit Airline has announced recently that it will reopen Cebu-Dipolog and Dipolog-Cebu routes to serve the passengers who go more often to these place especially the businessmen.

In a letter to Gov. Isagani S. Amatong, Asian Spirit General Sales Agent Cesar  Jalosjos said that the reopening of Cebu Dipolog and Dipolog Cebu routes will benefit not only the residents of Zamboanga del Norte, but also the people from Misamis Occindental including Oroquieta and Ozamis Cities, as well as those coming from Ipil, Zamboanga del Sur.

The plane fair is only Ph P 999.00 one way. For his part, Governor Amatong has expressed support to the reopening of the route as this will help enliven and promote economic activities in the province.

Asian Spirit is also looking at opening flights from Dipolog to Zamboanga and back, a route also abandoned by the Philippine Airlines.

  

THE DIPOLOG CENTRAL MARKET AND DIPOLOG SLAUGHTER HOUSE HAS  DECLARED LOSSES

 

Dipolog City- The summary report of Annual Revenues this city from 1996 up to 1999 it came out that Dipolog Central Market and Dipolog Slaughter House has losses in the financial operations at 

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Also included as losses in the summary of annual revenues in the financial report in 1996 up to 1999

the beginning. This was informed by City Coun. Horacio Velasco during their 135th  regular session in the Sangguniang Panglungsod last January 23, 2001.

This 3rd termed councilor said his ideas, concepts, and suggestion to adopt for one cost saving and measures in order to improve our income in this city. In connections with this Councilor Velasco highly recommending for different ways of operating the Dipolog Central Market and Dipolog Slaughter House . But his first recommendation is to minimize the personnel of Dipolog Central Market.

As of now there are thirty casuals from 97% of the total expenditures in our market was got. Another recommendation of Coun. Velasco is the proper coordination of collection agent coming from the City Treasurers Office. The Market Supervisor will guarantee the smooth and efficient management to it. Similarly the Annual budget for operation of our public market must be use exclusively.

This budget cannot be use in other purposes like Economic enterprise or establishments. There will be a general arrangement of our public market. This amendment particularly on Dry goods section wherein many stalls are being close. It is possible that the parking lot will be expanded to construct a multi-level parking lot because the parking fees collection is higher income generating section to our public market.

Another  also to construct additional comfort rooms inside the market because of the daily income arrive at  Php 2,000.00 and to give the public a good service.. In another way also the “ Tabo” day market of Arcade affects a lot to the income of Dipolog Central Market as competition in their business. On the other hand Coun. Velasco said the income of “ Tabo” day market of Fish Port will be added to Central Public Market’s income. In other way the adaptation of color coding receipt to be presented in any sections of Central Market for simple way of collection and segregation of the income.

The Finance Committee is advice to review the incremental rates in connection of market code this city if it is needed to the expenses rendered in services in market also the financial operations. Coun. Velasco possibly adopting the exclusive selling of dry goods inside the perimeter of central market to avoid competition between the retailer of dry goods outside. His last recommendation is to open Galas Public Market particularly for wet section to sell meat, fish, and other products. But this is under a feasibility studies to our Local Government of Dipolog.

 

   

GOV'T MULLS FLAT 15% TAX ON PASSENGER CARS, AUVS

  

The government appears bent on increasing its tax collection efforts, as there are now proposals to slap a flat 15% excise tax on both passenger cars and vehicles with more than 10 seats.

The Board of Investments (BoI) is recommending a fixed excise tax to be imposed on vehicles that fall under the passenger cars category and the Asian utility vehicle (AUV) category, including those with more than 10 seats.

Under BoI's proposal though, public utility buses are exempt from the flat tax.

However, the board has not yet firmed up its decision on the matter, as it is still studying the tax's impact on the local automotive industry.

Under the present taxation system, vehicles with more than 10 seats, like AUVs, and passenger vans with 12 seats are exempted from excise taxes.

But with the proposed tax system, AUVs and similar vehicles with more than 10 person-seating capacity will be slapped a 15% excise tax.

A source said the board is proposing a flat tax scheme to prevent price manipulation "without sacrificing the quality of the vehicle."

But more than preventing price manipulation, the government is looking at improving the current tax scheme on automobiles to boost collection efforts.

Honda Cars Phils., Inc. corporate communications manager Arnel Doria said most of the vehicles sold right now are AUVs, assuring government a huge revenue source if government pushes ahead with the plan.

"At present, more than 60% of the vehicles (sold) are AUVs or 12-seater vans so it will definitely boost the government's collection efforts," Mr. Doria said.
"On the other hand, assuming government decides to impose the tax, it will be additional burden to the buyers," he added.

The government used to get a lot of tax revenues from excise tax on passenger cars or sedans. But AUVs have edged out sedans in terms of popularity due to their practicality.

The Macapagal-Arroyo government has been looking at a number of options to boost revenues in a bid to tame the yawning budget deficit, which for the year is expected to reach 145 billion Philippine pesos (US$2.837 billion at PhP51.106=$1).