To say e-commerce is growing in leaps and bounds is not just a cliché. Assistant Secretary Mary Jane Pacheco of the Department of Trade and Industry (DTI) said from a mere 2,068 online brand name registrations from January to March 2020, before the corona virus disease 2019 (Covid-19) pandemic, the number rose to 88,363 from…
Micro, small and medium enterprises (MSMEs) comprise 99.5 percent of business enterprises in the Philippines. The Department of Trade and Industry (DTI)’s 2020 MSME statistics show that the MSME sector accounted for more than 60 percent of jobs in the country. Further, the United Nations points to MSMEs as key to our country’s inclusive recovery…
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…
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…
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.…
When we think of titans of the startup sphere, we think Jobs, Gates, Musk, Zuckerberg—men who founded some of the largest tech companies in the world. The situation is not different in the Philippines, where some of the most successful startups were also founded by men. While this may have led to the perception…