International Finance Corp. (IFC), the World Bank Group’s (WBG) private-sector arm, is supporting a new initiative to expand lending to micro, small, and medium enterprises (MSMEs) in the Philippines, particularly in underserved areas outside Metro Manila, as part of efforts to improve...
Philippine firms face mounting pressure to adapt to worsening climate risks as recurrent flooding erodes productivity, threatens jobs, and drives businesses to relocate, prompting the World Bank to call for faster investments in resilient infrastructure, energy efficiency, as well as renewable...
Citing the possibility of a severe El Niño that could last until next year, President Marcos assured farmers that the government would continue supporting small reservoir irrigation projects (SRIP) across the country. During the inauguration of the Mabini-Cayacay SRIP in Bohol on Monday, June 22,...
The Department of Trade and Industry (DTI) said it will no longer pursue plans to require mandatory permits for advertisements before they are made public, a move criticized for burdening online sellers and small companies. In a public advisory, the DTI said it will not pursue, implement, or adopt...
The Asian Development Bank (ADB) has entered into a new partnership with Security Bank Corp. aimed at expanding access to supply-chain financing for small and medium enterprises (SMEs) in the Philippines. In a statement on Tuesday, May 12, the ADB said it signed a risk participation agreement (RPA)...
GCash for Business, the enterprise arm of the country’s dominant digital wallet, has entered into a partnership with global fintech platform Pine Labs to overhaul its merchant acquisition strategy and modernize payment infrastructure for small businesses. In a statement, Pine Labs said the...
IT 'S THE SMALL THINGS Mother’s Day is easily one of those holidays that can easily be chalked up as a Hallmark holiday. Yet personally, I feel that it holds so much more substance and meaning than just that. After all, twenty-four hours is significantly lacking to properly honor, celebrate...
The Quezon City government will open applications for Pangkabuhayang QC Phase 6 Batch 1 from June 1 to 15, as it implements stricter eligibility rules and an upgraded digital processing system for the city’s livelihood assistance program. Quezon City Mayor Joy Belmonte said the initiative seeks...
Quezon City has stepped up its support for micro, small, and medium enterprises (MSMEs) through a hands-on training program with TikTok Shop aimed at strengthening digital and e-commerce skills. Around 300 MSME owners and employees joined the Unlad Lokal Roadshow Caravan in Quezon City, organized...
The APEC Business Advisory Council (ABAC) has urged Asia-Pacific governments to take immediate and coordinated action to address mounting economic pressures, including trade fragmentation, energy market shocks, and persistent supply chain disruptions, warning that business confidence across the...
Filipina entrepreneurs—many of them mothers—are powering the Philippine economy, owning 66% of existing businesses and 62 percent of newly registered enterprises. Yet despite this outsized contribution, many women-led MSMEs struggle to scale due to limited access to capital, gaps in digital...
The Department of Trade and Industry (DTI) is rolling out a ₱2 billion financing program aimed at accelerating the shift to electric vehicles (EVs) among the country’s small-scale transport players. In a statement on Friday, April 17, the DTI said the initiative, managed by its financing arm,...
