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…
Digital is increasingly becoming the name of the game. From television channels entering into the streaming service fight to daily broadsheets getting their own apps, more and more industries have realized that the new business battleground is our devices. As Forbes stated in 2021: “An entirely new game is being played. In this new game,…
As the sector that enables the vital movement of goods and products from one place to another, logistics has always been an indispensable part of the Philippine economy. However, it has faced a lot of challenges in the past year due to restricted movement of goods, delay in manufacturing and fewer imports, which are direct…
Over a year into the COVID-19 pandemic that sank Asia-Pacific (Apac) into a recession, many economies in the region have weathered what they hope is the worst of the storm. Although most economies are tipped to rebound to prepandemic levels this year —thanks to factors such as the rollout of vaccines, revival of global demand…
Amid the prolonged and painful COVID-19 pandemic, the name of the game in business is plain survival, of making sure that the enterprise remains viable long enough until the economy finally recovers and gets back on the path of fast growth. “It is not about profit but people. This ensures longevity in the business,” -said…
Face-to-face meetings and paperwork had been synonymous with homeownership until COVID-19 made human contact a risky behavior. Like retail, banking, food and other industries, real estate was forced to adapt to this tectonic shift. AboitizLand, the real estate arm of the Aboitiz Group of Companies, was among the first developers to recalibrate its systems. Embracing…
A new increase in COVID-19 cases in the Philippines and across the world once again distresses health-care systems. As daily cases rise to dangerous levels, largely because of the fiercer Delta strain of the coronavirus, health workers are bracing to relive their experiences during past surges—countless hours on duty as their hospitals reach full capacity…
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.…
Binamira, who has seen his fair share of crises being a management consultant, conserved as much cash as he could, thus the painful but necessary decision to not renew for now the leases for 35 percent of Zubuchon’s branches. After all, movement restrictions as part of measures to contain the virus meant not enough foot…
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…