ikea Philippines

The world loves Ikea, why is it not franchised yet in the Philippines?

www.ikea.com
http://www.ikea.com/us/en/catalog/allproducts/

 

Already in Asia Pacific but why not Philippines?

    Australia   
     (China)   
     (Hong Kong)
    Indonesia   
     (Japan)
    Malaysia
    Singapore   
     (South Korea)   
     (Taiwan)
    ประเทศไทย (Thailand)