The big-ticket infrastructure projects currently rolled out by the government will create an additional 1.6 million jobs this year, President Duterte’s infrastructure managers said on Wednesday. Public Works Secretary Mark Villar told the Asia Infrastructure Forum 2021 the government’s “Build, Build, Build” program had so far created as public infrastructure spending was doubled to 5…
Ayala-led Bank of the Philippine Islands (BPI) has teamed up with the Department of Trade Industry (DTI) to offer collateral-free term loans to small and medium enterprises (SMEs) in need of lifeline during this prolonged COVID-19 pandemic. In a press statement, BPI business banking head Eric Luchangco said the collateral-free loan facility for SMEs signified…
For millions of Filipinos working hard on foreign soil in order to provide for their families back home, remittance centers have served as their reliable partners in securing their loved ones’ futures. With fintech solutions becoming more mainstream, traditional remittance centers now need to keep up with changing times—a need that Pera Hub aims to…
As the Philippines rebounds from the pandemic, strengthening labor market programs will be critical to help workers and enterprises make the transition. Prior to the COVID-19 pandemic, the Philippines was experiencing its longest-ever economic and job expansion. There was remarkable growth in wage and salary employment (a measure of modern employment), growing at an average…
Coca-Cola has lived to 109 years in the Philippines because it subscribed to the mantra that to weather the inevitable crises, it must change with the times while remaining true to its core values. It did so once again amid the still-raging COVID-19 pandemic and it responded to the massive disruption by aggressively pursuing its…
Not even the COVID-19 pandemic could slow down the pace at which telecommunications giant Globe wants to roll out new products and services that address the everyday needs of its customers. The telecommunications arm of the Ayala group has always been proud to be an innovator, says Globe CEO Ernest Cu, guided by its vision…
Over half of the Philippine’s industrial sector is in manufacturing and the industry contributes to almost a quarter of the country’s gross domestic product. The industry also promotes stronger inter-industry and inter-sectoral linkages, productivity, technological development and innovation. Keeping all these factors in mind, the Philippines is fast-forwarding the manufacturing industry’s pace toward a more…
McDonald’s Philippines has long been a formidable leader in the quick service restaurant sector, but even then, it was not spared from the ravages of the COVID-19 pandemic. But true to its character of resilience, McDonald’s Philippines was able to regain its bearings with its fundamentals intact and mission to recover from the pandemic sharpened.…
After a year of doom and gloom brought about by the COVID-19 pandemic, local business leaders are seeing the light at the end of the tunnel. Eric Teng, president of the Restaurant Owners of the Philippines (Resto PH), an organization of restaurant owners; Wick Veloso, new president of the Bankers Association of the Philippines; and…