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Bank loans used as RRR compliance hit P6.4 billion

Mid-sized and small banks have extended around P6.4 billion loans to micro, small and medium enterprises (MSMEs) as well as large companies, and booked these loans in compliance with their reserve requirement ratios, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

DTI, Google to Empower MSMEs and Jobseekers to be Digitally Ready

The Department of Trade and Industry (DTI) and Google Philippines announced their collaboration to help Micro, Small and Medium Enterprises (MSMEs) and jobseekers to be more digitally adept in a US Trade Mission meeting last March 11, 2024, held in Malacañang. DTI Secretary Fred Pascual expressed his appreciation of the partnership with Google and said […].....»»

Category: newsSource:  metrocebuRelated NewsMar 20th, 2024

The 12th PropertyGuru Philippines Property Awards Diversify to Spotlight the Country’s Growing Investment Destinations

The 2024 edition of the PropertyGuru Philippines Property Awards is set to present the highest marks of excellence to real estate enterprises and design leaders across Luzon, Visayas, and Mindanao. The 12th Annual PropertyGuru Philippines Property Awards, presented by Kohler and supported by Boysen Paints and Dongpeng Ceramic, will be celebrated Friday, 6 September 2024 […].....»»

Category: newsSource:  metrocebuRelated NewsMar 20th, 2024

PH delegation mainstreams durian in CIIE 2023

A delegation of 17 Philippine business enterprises will return to the 2023 edition of China International Import Expo (CIIE) for the 6th consecutive time with the theme “Share the love for Philippine flavors”......»»

Category: lifestyleSource:  abscbnRelated NewsMar 19th, 2024

South Cotabato urges public to patronize MSMEs, buy local products

KORONADAL CITY (MindaNews / 7 March) – The provincial government of South Cotabato has launched a convergence initiative to bring more growth and market opportunities for the province’s micro, small and medium enterprises (MSMEs). Tyronn Jan Villanueva, head of the South Cotabato Economic, Investment and Promotions Center (SCEIPC), said they have launched a series of […].....»»

Category: newsSource:  mindanewsRelated NewsMar 10th, 2024

PH delegation mainstreams durian in CIIE 2023

A delegation of 17 Philippine business enterprises will return to the 2023 edition of China International Import Expo (CIIE) for the 6th consecutive time with the theme “Share the love for Philippine flavors”......»»

Category: newsSource:  samarnewsRelated NewsMar 9th, 2024

Creador invests P4 billion into Asialink

Creador, a prominent Southeast Asian private equity firm, has invested P4 billion in Asialink Finance Corp., a leading lender to small and medium enterprises......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

‘Pork prices to go up as DA limits imports’

Limiting imports under lower tariff rate could drive pork prices higher as micro, small and medium enterprises would lose access to “cheaper” imported stocks, meat importers warned yesterday......»»

Category: financeSource:  philstarRelated NewsFeb 26th, 2024

EDITORIAL — The fourth worst

Here’s another problem that turns off foreign investors, and its solution does not call for amending the Constitution. Business class travelers – people with the type of money that can provide job-generating enterprises in the Philippines – have ranked the Ninoy Aquino International Airport as the fourth worst gateway in Asia and the Middle East......»»

Category: newsSource:  philstarRelated NewsFeb 23rd, 2024

Go Negosyo, PCCI partner for MSME development

Non-profit group Go Negosyo recently met with officials of the Philippine Chamber of Commerce and Industry as part of efforts to intensify its partnerships with the country’s largest business groups to align with the government’s push to drive development through micro, small and medium enterprises......»»

Category: financeSource:  philstarRelated NewsFeb 15th, 2024

DOLE Unveils Program to Boost Businesses and Workers

The Department of Labor and Employment (DOLE) is rolling out the DOLE Adjustment Measures Program (DOLE-AMP) to boost enterprise and worker competitiveness. Labor Secretary Bienvenido E. Laguesma outlined the program’s guidelines in Department Order No. 241, Series of 2024, issued on February 1. DOLE-AMP aims to diminish the vulnerability of workers and enterprises to economic […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 8th, 2024

The Vital Role of Emergency Funds in a Business

Navigating the intricate terrain of business is akin to assembling a complex puzzle, where the significance of an emergency fund emerges as the elusive missing piece. This versatile tool stands as a stalwart guardian during uncertain times, deftly guiding enterprises through unforeseen challenges and financial quandaries. Shielding Against Financial Surprises Picture the emergency fund as […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 3rd, 2024

Interim Budget: FICCI advocates measures in comprehensive budget recommendations for 2024-25

New Delhi [India], January 25 (ANI): The Federation of Indian Chambers of Commerce and Industry (FICCI) has presented a set of comprehensive recommendations ahead of the Interim Union Budget for 2024-25, outlining a strategic roadmap to fortify India's economic foundation. The proposals span a spectrum of sectors, ranging from public investments to support for micro, small, and medium-sized enterprises (MSMEs), innovation.....»»

Category: newsSource:  manilanewsRelated NewsJan 25th, 2024

Interim Budget: FICCI advocates measures in comprehensive budget recommendations for 2024-25

New Delhi [India], January 25 (ANI): The Federation of Indian Chambers of Commerce and Industry (FICCI) has presented a set of comprehensive recommendations ahead of the Interim Union Budget for 2024-25, outlining a strategic roadmap to fortify India's economic foundation. The proposals span a spectrum of sectors, ranging from public investments to support for micro, small, and medium-sized enterprises (MSMEs), innovation.....»»

Category: newsSource:  philippinetimesRelated NewsJan 25th, 2024

Travel agencies group warns about cheap, illegal operators

The Davao Travel Agencies Association (DTAA) has issued a warning about unregistered and illegal travel and tour operators in their area. These operators have been found to be offering travel and tour services without proper licensing, leading to issues such as lack of refunds, scheduling problems, and other travel arrangement discrepancies. Pia Partoza Montano, a travel agency owner and Vice-President for the Travel and Tours Sector of DTAA, emphasized the prevalence of these unauthorized operators, particularly in inbound tourism, and the challenges in monitoring and regulating them due to their large numbers. Montano also highlighted the potential risks associated with using these unregistered agencies, as they may offer cheaper rates but could lead to problems in case of incidents. To address this issue, the Department of Tourism-Davao (DOT-Davao) has introduced a QR code system to help the public verify the legitimacy of travel agencies by accessing data on authorized and registered operators. The DOT-Davao encourages travelers to transact with accredited enterprises to ensure the quality and reliability of their travel arrangements. Currently, there are at least 109 registered travel and tour agencies in Davao City under DOT-Davao's accreditation. The DOT-Davao also provides information on the requirements for registration and renewal for travel agencies on their official website. This warning serves as a reminder for the public to be cautious and discerning when engaging with travel and tour operators to avoid falling victim to unauthorized and illegitimate services......»»

Category: newsSource:  inquirerRelated NewsJan 17th, 2024

PhlPost partners with USAID on e-commerce initiatives

Recognizing the potential of the Philippine Postal Corp. (PhlPost) as an important partner in expanding e-commerce, even in rural areas, the United States Agency for International Development Philippines is extending its technical assistance through its Strengthening Private Enterprises for the Digital Economy Activity. The initiative aims to help PhlPost develop its digitalization roadmap as part of its modernization program. .....»»

Category: newsSource:  philstarRelated NewsJan 14th, 2024

Packaging trade show to support MSME development efforts – DTI

The Regional Operations Group of the Department of Trade and Industry expressed support for the upcoming ProPak Philippines trade show, emphasizing its potential to offer opportunities for innovation and improvement in product processing and packaging to micro, small and medium enterprises......»»

Category: financeSource:  philstarRelated NewsJan 13th, 2024

DBM releases P49.8 billion social pension for indigent seniors

The Department of Budget and Management has released nearly P50 billion in social pension for more than four million senior citizens in the country......»»

Category: newsSource:  philstarRelated NewsApr 5th, 2024

Department of Agriculture seeks more funding for high-value crops

The Department of Agriculture (DA) is seeking an eight fold increase in its budget for its high-value crops (HVC) program next year to improve the productivity of around 30 commodities and expand exports of key commodities......»»

Category: newsSource:  philstarRelated NewsMay 26th, 2024

Investree Philippines to close shop next year

Investree Philippines Inc., the country’s first crowdfunding intermediary and funding platform, is ceasing operations next year......»»

Category: financeSource:  philstarRelated NewsMay 25th, 2024