hands, smartphone, barcodes

QR code payments gaining traction among Filipinos, says BSP

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…

building, construction, site

Megawide snaps losing streak; nets P2.9M in Q1

After being bludgeoned by the COVID-19 pandemic in 2020, Megawide Construction Corp. returned to profitability in the first quarter of this year as belt-tightening measures made up for slower revenues generated by the construction and infrastructure businesses. Megawide booked an attributable net profit of P2.9 million in the first three months, much smaller than the…

UnionBank: Moving from resilience to renaissance

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…

visa, business, buying

Digital transformation of PH gets a boost from PLDT Group

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…

Balik Pinas Program: Providing sustainable business opportunities for modern Filipino heroes

Billy Belleza and Jazz Manzano are former overseas Filipino workers (OFWs). When they ended their careers and went home to Bicol, they both found a lucrative business opportunity in the Balik Pinas Program of Coca-Cola Beverages Philippines Inc. (CCBPI), the bottling arm of Coca-Cola in the country. In July 2019, Belleza decided to end his…