Silently, thousands of RI franchise networks penetrate the Philippines

Jakarta, CNBC Indonesia – Amid the threat of a recession next year, one industry that is often overlooked is franchising. Indeed, many micro, small and medium-sized enterprises (SMEs) are struggling in this sector.

Indonesia must be confident because it has talent that can produce quality products. This is demonstrated by the franchise that has managed to penetrate the international market, through thousands of Indonesian retail chains in the Philippines. Starting from Baba Rafi up to the Alfamart outlets.

“We must be confident, Indonesia has great young talents in producing products that can penetrate the international market. We must facilitate this so that we can invade the world market. Indonesia has the potential, has the resources and all the requirements to achieve this goal,” said Commerce Minister (Commerce Minister) Zulkifli Hasan on Saturday (19/11/2022).

Franchising contributes greatly to national economic growth. With the cooperation and collaboration of all parties, the franchise will become a driving force for Indonesia’s economic growth.

“The government continues to support franchise businesses to continue to grow because they have tremendous potential. Indonesia’s economic growth cannot be separated from the role of franchising. We must be optimistic that Indonesia’s economic growth can come through to collaboration and mutual support,” he said. .

Meanwhile, the Indonesian economy continues to grow by 5.72% in the third quarter of 2022, even as the world situation is fraught with challenges. On the other hand, Indonesia’s exports recorded a surplus of US$45.52 billion in January-October 2022.

“This is good news to be thankful for, thanks to the cooperation and collaboration of all parties, we can be strong in overcoming all the obstacles we face,” said Zulkifli Hasan.

[Gambas:Video CNBC]