Taking over the helm of a multi-billion-peso company is challenging enough in the best of times, certainly even more so at the beginning of a raging pandemic that would cause an unprecedented public health and economic crises. Such a prospect would have daunted other candidates from immediately embracing their new role of chief executive…
The COVID-19 pandemic still has the Philippines and other parts of Southeast Asia firmly in its grip. But even then, enterprises in the region have begun preparing themselves for postcrisis growth. According to SAP’s regional study “Digital, resilient, and experience-driven: How enterprises in Southeast Asia can prepare for the new economy”, Southeast Asian firms are…
As the Philippines deals with a new surge of Covid-19 cases, creating an atmosphere of uncertainty reminiscent of early 2020, three businesses share their tips on how local enterprises can fully recover from this pandemic: be aware of fundamental changes in consumer behaviors, leverage technology to cater to these behaviors, and, above all, always put…
Over a year into the devastating COVID-19 pandemic, the Aboitiz Group is ready to march toward recovery with renewed —yet prudent—optimism. Like most other organizations, the Aboitiz Group encountered setbacks last year given quarantine restrictions that have dampened consumer demand and investor appetite. And yet the group’s strategic business units (SBUs) that operate in various…
The work of nation-building never stops. And for San Miguel Corp. (SMC), one of the country’s largest and most diversified and profitable conglomerates, not even the unprecedented COVID-19 pandemic should get in the way. Its history is so intertwined with that of the Philippines that it believes that it has the moral commitment to push…
The Ayala Group was just going back to its roots when it reentered the Philippines’ healthcare sector with the acquisition of the Generika drugstores and establishment of AC Health in 2015, 180 years since the group started out with Botica Zobel. That was a big leap forward for the group that has long been committed…
The already considerable toll on the Philippine economy caused by the raging COVID-19 pandemic and the severe lockdowns imposed to contain the disease continues to rise, with more Filipinos forced out of work and businesses either closing down or mightily struggling to survive. Not all is bleak, however, as individuals and institutions have come together…
The Philippines has weathered more than its fair share of crises, but COVID-19 is proving to be much more than a formidable challenge. The worst contraction in gross domestic product since World War II, a 15-year high in unemployment and a mounting death toll from the highly contagious disease are just some of the grim…