The Bacolod City Council is clarifying the legal status and addressing various regulatory compliance and enforcement on Small Town Lottery (STL) operations in the city. Councilor Dindo Ramos authored a resolution designating the entire city council as a committee of the whole to facilitate a...
The local government of Mandaluyong and online platform Shopee Philippines launched on Thursday, Aug. 7, a digital upskilling project aimed at helping Micro, Small, and Medium Enterprises (MSMEs) improve their technological skills to promote their businesses. Mandaluyong Mayor Menchie Abalos led...
Eligible micro, small, and medium enterprises (MSMEs) in the tourism sector may now access loans of up to P20 million through a financing initiative launched by the Department of Tourism (DOT), in partnership with the Department of Trade and Industry (DTI). The program is implemented through the...
The country’s micro, small, and medium enterprises (MSMEs) are optimistic towards a stronger performance this year, including higher revenue and tapping more customers, following weaker results last year, according to a report by Boston Consulting Group (BCG). BCG, a global consulting firm,...
The Washington-based World Bank has committed to lend the Philippines $350 million, or over ₱19 billion, for an upcoming Department of Agriculture (DA) project aimed at extending financing support to small agri-businesses. A July 11 project information document showed a project cost of $873...
The Department of Agriculture (DA) is set to receive a loan financing from the Washington-based multilateral lender World Bank next year for a project aimed at supporting small agri-businesses. A June 26 document published on Thursday, July 3, showed that the DA is seeking an investment project...
Women-led micro, small, and medium enterprises (WMSMEs) are now eligible to avail of loans of up to ₱20 million following the official launch of the Women’s Enterprise Fund. In a statement, the Department of Trade and Industry (DTI) said the loan program launched on Friday, June 27, setting the...
The post-pandemic digital age is accelerating faster than ever, and it is reshaping how businesses operate and adapt. But as technology advances, businesses that fail to evolve risk becoming outdated more quickly than before. Spain’s IE University has studied the rising career trends, such as...
Logistics provider 2GO said it is ready to assist businesses facing logistical challenges due to the rehabilitation of the San Juanico Bridge and other crucial infrastructure. In a statement, 2GO, an end-to-end logistics solutions provider, said it is leveraging its extensive Roll-on/Roll-off...
Manila-based Asialink Finance Corporation (AFC) has secured a ₱120-million credit line from Taiwan-based Mega International Commercial Bank Co., Ltd. (Mega ICBC), a partnership aimed at expanding financing to the country’s micro, small, and medium enterprises (MSMEs). “With this additional...
The Philippine Coast Guard (PCG) on Sunday, June 15, said that it witnessed a ship boarding exercise by the Japan Coast Guard (JCG) in Kagoshima, Japan. The small board operation and exercise was carried out by the JCG onboard patrol ship PL 69 Koshika last June 13. The small board operation and...
Digital payments giant Visa plans to forge two more partnerships with traditional banks this year—adding to its newly launched collaboration with CIMB Bank Philippines—to help bridge the multi-billion-dollar funding gap for small and medium-sized enterprises (SMEs). “I’m hoping by the end...
