Unknown to many, , adding it to applications for cellular phones. Angelito Villanueva, chair and founder of FinTech Alliance.ph, executive vice president and chief innovation officer at Rizal Commercial Banking Corp. and chief digital transformation officer for the Yuchengco Group of Companies, said Filipinos were introduced to e-money or e-cash as early as 2001. Orlando…
Luis Macalincag already saw the great potential of dragon fruit as a viable long-term investment when he was just 23 years old. Straight out of college, he borrowed from his grandfather and invested it in his agriculture venture. Now 34, he continues to reap the benefits of his foresight and hard work through Agbeam Farm…
Beverage-maker Pepsi-Cola Products Philippines Inc. has expanded its bottling capacity, adopted digital platforms and accelerated sustainability initiatives amid a challenging environment caused by the prolonged pandemic. “ When most companies feared to move forward, PCPPI chose to make big moves and transform,” company president and CEO Frederick Ong said during PCCPI’s recent stockholders’ meeting. PCPPI,…
Gyms and fitness centers in Metro Manila, Bulacan and Rizal can now accommodate up to nearly half of their operating capacities as the government further eased business restrictions despite COVID-19 cases still increasing. The Department of Trade and Industry (DTI) released Thursday an advisory raising gyms’ and fitness centers’ permitted capacity to 40 percent, or…
Upscale property developer Rockwell Land has seen earnings in the first six months exceed full 2020 level, riding on a resilient high-end residential property market during this prolonged COVID-19 pandemic. Building on this momentum, Rockwell is set to bring to the property market about worth of fresh property inventory this year, including two flagship projects…
Ayala group-backed corporate venture capital firm Kickstart Ventures has intensified its hunt for future “unicorns” here and abroad notwithstanding a prolonged COVID-19 pandemic, making use of a fresh fund to help bankroll early-stage to growth-stage tech startups. Kickstart, a wholly owned subsidiary of Globe Telecoms, is scouting for innovative companies with compelling, credible and scalable…
The privately held technology company behind the PayMaya mobile wallet successfully raised , or over P8 billion, to fund its expansion and an upcoming digital bank. Voyager Innovations said on Monday the money came from existing investors PLDT Inc., China’s Tencent, global investment firm KKR and the International Finance Corp., through IFC Financial Institutions Growth…
High inflation seen persisting throughout the year and vaccine hesitancy may slow the Philippines’ economic recovery, but the government is still confident that rebound from the pandemic-induced recession is just around the corner. In an economic bulletin Monday, Department of Finance (DOF) Undersecretary and chief economist Gil Beltran noted the 20.7-percent growth in total external…
Homegrown fast-food giant Jollibee Foods Corp. plans to beef up its capital by as much as P20 billion in the next three years through the sale of preferred shares, as it expects to return to a pre-pandemic pace of global store expansion by 2022. During the company’s stockholders’ meeting on Friday, JFC president Ernest Tanmantiong…
When the Group president of Jollibee Foods Corp. and managing director of McDonald’s Philippines set aside their companies’ fierce rivalry in the fast-food sector in favor of pooling their expertise and resources to pursue a common goal for the Philippines, good things will likely happen. Among these is the acceleration of the government’s COVID-19 vaccination…