To comply with the reserve requirement, banks have released P14.9 billion more loans to micro, small and medium enterprises (MSME) for the month of September alone, based on Bangko Sentral ng Pilipinas (BSP) data. MB file photo. This brings the average daily balance of bank loans to MSMEs to P120.9...
The Department of Trade and Industry (DTI) is incentivizing local enterprises for them to adopt to digital technologies because while majority of enterprises are aware of the need to transform digitally many of them are facing various constraints, particularly the lack of capital. DTI...
Your favorite bazaar that supports National Museum and The Museum Foundation of the Philippines is now in Zalora Different venue, same cause—and the promise of a unique and safe shopping experience. For the first time since it kicked off 12 years ago, “MaArte Fair” goes online. With the...
Siomai King, with its newest addition Boy Bondat, innovates The pandemic brought unprecedented economic slumps that hurt businesses big and small. Various industries threw in the towel as many fell prey to the pandemic and the country's economy hit its all-time low in two decades. “Everyone’s...
Finance Secretary Carlos G. Dominguez III urged local business owners to work on ways to regain the strength of consumer sentiment shattered by the uncertainty spawned by the COVID-19 pandemic. Speaking at a recent webinar hosted by the Iloilo Business Club (IBC), Dominguez said the challenge...
The Philippines ranked fourth as potential location site for EU businesses among countries in ASEAN, which also lost steam as EU favorite with new regions also being eyed as good sites for global supply chain relocation, a 2020 EU-ASEAN Business Sentiment Survey showed. Photo credit:...
Registered business enterprises (RBEs) of the Philippine Economic Zone Authority (PEZA) accounted for 94.5 percent of all exports of the country and also received most of the tax incentives of between P42.5 billion to P50.3 billion each year from 2016-2018, according to a cost benefit analysis...
Congress should immediately pass the two pending measures of the Duterte administration to help the pandemic-hit businesses that are mainly micro, small, and medium enterprises (MSMEs), the Department of Finance (DOF) said. Finance Assistant Secretary Antonio Joselito Lambino II said the Corporate...
The 46th Philippine Business Conference (PBC) has approved three resolutions including converting idle lands and parks in urban cities into vegetable plots for the unemployed and marginalized to ensure continuous food supply in the country and help ease poverty during this pandemic. Photo...
Panay Energy Development Corporation (PEDC), a subsidiary of Global Business Power Corporation (GBP), was bestowed highest compliance rating among coal-fired power plants in the country, on its adherence to the rules being enforced by the Wholesale Electricity Spot Market. The company, in a...
It’s a mobile cafe with 10 percent of the proceeds going to alternative learning tools No matter what situation we are in, there is always a choice to “sink or swim.” Father-of-two John Eric Enopia chose the latter. He hasn’t turned back since. With more-than-the-usual free time in his...
GCash-Pioneer webinar. GCash, the leading mobile wallet in the country, has launched its partnership with Payoneer creating seamless global to local payment transactions. With over 20 million GCash users and 63,000...
