ILOILO CITY—Boracay Island’s tourism industry players are struggling to survive and are now pinning their hope on the government’s promised support under a “new normal” era that will focus on an eco-friendly strategy that combines “work and leisure” for tourists going to the island. “The current situation in Boracay is dire with most of the…
When we think of titans of the startup sphere, we think Jobs, Gates, Musk, Zuckerberg—men who founded some of the largest tech companies in the world. The situation is not different in the Philippines, where some of the most successful startups were also founded by men. While this may have led to the perception…
Property giant SM Prime Holdings provided about P23 billion worth of rental concessions last year to help shopping mall tenants across the country stay afloat amid lockdown restrictions imposed by the government to curb the COVID-19 pandemic. “We are continuously assisting our business partners, most especially our mall tenants, who are badly affected by community…
Converge ICT Solutions Inc. is securing crucial internet capacity via an upcoming international submarine cable system that is being built by global technology giants. In a stock exchange filing on Wednesday, Converge announced plans to invest over in the project known as the Bifrost Cable System, a 15,000-kilometer undersea cable project from Singapore to the…
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…
With the country still under some form of lockdown a year into the pandemic, people have had to find ways to celebrate or, at the very least, mark birthdays and milestones at home. By now, many are familiar with takeout, delivery and meal kits, but one company has gone beyond the expected and came up…
Given the restrictions and consequences imposed by the pandemic, it’s so easy to feel defeated. But Marvin Agustin’s successful food venture proves that with hard work and an ounce of hope, there’s no reason to be. Bored from being locked down at home, the actor-restaurateur took to baking, something he admitted to being initially intimidated…
Demand for local office and residential property continued to rebound from the bottom levels seen in 2020 despite the lull seen within the Philippine offshore gaming operator (Pogo) industry that used to invigorate the sector. This is according to Leechiu Property Consultants (LPC), which estimated that Pogos vacated a total of from the second quarter…
This year’s International Women’s Day theme is , where all of us, not just women, are asked to challenge and call out gender bias and inequality and to seek out and celebrate women’s achievements. Citi Philippines held a fireside chat last March 8 to commemorate International Women’s Day, and four women who have made…
It may take not just a village but collective institutional action to help local micro, small and medium enterprises (MSMEs) and microfinance institutions (MFIs) overcome unprecedented challenges arising from the COVID-19 pandemic. One silver lining is the growing digital connectivity that is helping more of these small players adapt to the “next” normal.This is according…