Last year we celebrated 100 years. You can’t be around that long without learning from mistakes and doing things better. One of the things Aboitiz did – over the course of five generations and a rapidly expanding workforce in an increasingly complex environment – was to simply remain focused. Two of the things we paid…
Filipinos are becoming increasingly comfortable with using so-called QR or “quick reaction” codes when paying for purchases or making money transfers from one person to another—a sign that the “cash heavy” local economy is well on its way to “cash light” one. In particular, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno pointed to the…
The pandemic has undoubtedly accelerated digital transformations globally and across all sectors, prompting businesses and economies to make an abrupt pivot to ride this unprecedented wave of changes. Some businesses, however, are fortunately well-positioned to go digital even prior to the onset of the pandemic, enabling them to quickly adapt to the “new normal.” Union…
The necessary but painful quarantine restrictions put in place to contain the spread of COVID-19 have accelerated the pace of digital transformation of Filipino companies of all sizes, from microentrepreneurs to the large conglomerates. Entrepreneurs and corporate executives know only full well that if they do not embrace the digitalization trend, they run the risk…
(Editor’s note: We begin with this commentary a series on big ideas and bold moves that some of the country’s leading business leaders are ready to share and act on as the Philippines navigates through a changing business environment.) In my years as head of engineering for the SM malls, I had come to realize…
Globe Telecom rolled out free wifi in government buildings and select medical facilities in Antipolo, a statement on Friday showed. The telco giant further provides the local government with Automated Mobile Blaster (Amber) services to quickly disseminate information to residents as COVID-19 vaccination efforts are ramped up. The measures were announced as Globe extended its…
The global pandemic has jabbed a wrench into many organizations’ plans, making the future seem even more uncertain. But as new consumer trends begin to emerge and more leaders are now able to combine hard data with experience, ways have emerged for organizations to remain forward-looking in this crisis.Twelve market masters share here their insights…
Ty family-led conglomerate GT Capital Holdings’ first quarter net profit surged by 60 percent year-on-year to as earnings contribution from its banking and automotive businesses rebounded. Excluding nonrecurring items, core net income rose by 19 percent year-on-year to P3.4 billion, GT Capital disclosed to the Philippine Stock Exchange on Tuesday. Automotive arm Toyota Motor Philippines…
If blended learning, initially a peripheral concept, is the likely future of education when the COVID-19 pandemic ends, blended retailing may also become the new normal for commercial establishments as physical and digital worlds collide.In its report “Top 10 Global Consumer Trends 2021,” Euromonitor International calls this combination of in-person and online shopping to…
Aboitiz-led Union Bank of the Philippines has invested some P1.9 billion to create new products and platforms that would contribute to social sustainability metrics amid the prolonged coronavirus (COVID-19) pandemic. This investment has, in turn, allowed the bank develop over 100 products and platforms that benefit the bank’s stakeholders and customers, Unionbank head of sustainability…