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…
For over a year now, we’ve seen so many home-based food businesses start and flourish during the pandemic. Every sushi bake, ube-cheese pan de sal, sourdough bread, Basque burnt cheesecake and whatever else you have ordered and enjoyed come with untold stories—how these businesses started, the people behind them and what keeps them going. Here…
Beer giant San Miguel Brewery is upbeat on business recovery in the second half of this year with the rollout of the country’s COVID-19 vaccination program. In the first quarter, SMB booked a 47-percent year-on-year growth in net profit attributable to equity holders of parent firm amounting to P5.37 billion, driven by cost-savings reduction, lower…
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…
Accounting for the majority of the total businesses in the country and generating more than half of the country’s total employment before the COVID-19 pandemic hit in March of last year, the health of micro, small and medium enterprises (MSMEs) is as much a concern for the Philippines as the physical well-being of its population.…
Across Southeast Asia, the Philippines saw the largest increase in online shopping since the pandemic hit. The sector is expected to be worth by 2023. For e-commerce businesses in the Philippines, this means that there is a greater need to revamp retail strategies to accommodate the change in consumer buying habits as well as an…
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…
This iconic utility van remains as deeply embedded in the Filipino way of living as it was when it first launched in the country more than three decades ago. Touted as the workhorse of the modern era, the Mitsubishi L300 continues to be favored and trusted by many Filipinos for its versatility, durability and affordability—so…
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…