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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......»»
ADB approves USD 100 mln loan to support small and medium-sized enterprises in Sri Lanka
Manila [Philippines], March 19 (ANI): The Asian Development Bank (ADB) has approved a USD 100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. SMEs play a critical role in Sri Lanka's economy, contributing 52 per cent to the country's gross domestic product and employ 45 per c.....»»
SPNEC pumps on inclusion to MSCI Philippines Small Cap Index
SP New Energy gained more than 6% yesterday after news that it will be included in the MSCI Philippines Small Cap Index when it is rebalanced on February 29......»»
Why small businesses fail
Contributing editor Jeff Hayden writes in Inc. Magazine that most US businesses are small......»»
Mini Bichon, Micro Poodle: Why small dogs popular among celebrities besides being cute
If you’re the type who likes your fur baby really small and cute and with a squeaky barking voice and nothing huge or booming, then it is probably a mini bichon or micro poodle that you want......»»
583 psychiatric patients get help from government
583 psychiatric patients get help from government.....»»
Biz Bureau surpasses 43-K permit renewals
The Davao City Business Bureau has achieved a significant milestone by processing over 43,000 business permit renewals as of January 29, 2024, surpassing last year's numbers. Maribel Paguican, the Head of the Business Bureau, revealed this accomplishment in a radio interview on January 30, 2024. She highlighted the bureau's performance, stating that they had already exceeded the previous year's figures by 270 renewals. Despite the positive outcome, Paguican acknowledged that they are still short of reaching the 46,000 permits issued the previous year. With approximately 2,890 renewals remaining, including 291 applicants considering retirement, the bureau anticipates around 2,599 renewal applicants. Paguican emphasized the upcoming retirement deadline on January 31, urging business owners to comply to avoid penalties ranging from P1,000 to P5,000. She also advised on the required documentation for retirement, emphasizing the importance of submitting the necessary paperwork to facilitate the process......»»
BPO workers in economic zones must work on-site, says DOJ
Business process outsourcing firms (BPOs) within special economic zones that adopt work-from-home (WFH) arrangements for their employees are no longer entitled to tax incentives, according to the Department of Justice (DOJ). In a legal opinion dated Jan. 3, Justice Secretary Jesus Crispin Remulla contradicted the position taken by the Department of Trade and Industry (DTI),.....»»
PCCI: P100 wage hike to hurt SMEs
The proposed P100 daily minimum wage increase for private sector workers may hurt small and medium enterprise in the country as it may lead to the reduction of their workforce or even closure, the Philippine Chamber of Commerce and Industry warned......»»
Employers buck legislated P100 wage hike
A Senate bill seeking a P100 increase in the daily minimum wage for private sector workers nationwide is facing opposition from employers who say this will hurt micro and small businesses and dampen investors’ appetite......»»
Visayan Electric calls on more biz customers to enroll in ILP
To lessen the impact of possible power shortages in the Visayas Grid on Visayan Electric customers, the electric utility is calling for more of its commercial and industrial customers to enroll in the Interruptible Load Program (ILP). ILP is a voluntary, demand-side management program where business customers of a distribution utility with loads of at.....»»
Citicore Energy REIT doesn’t deny report of potential 30% stake sale
Citicore Energy REIT responded to a Biz Buzz article that claimed a “blue chip conglomerate” (BCC) was in negotiations to acquire “a little less than 30%” of CREIT in a deal that would be completed “in the coming days or weeks”......»»
Malaysia holds historic biz market footprint in city
CONSIDERING the business climate and unique geographic position of Davao City, the Malaysia External Trade Development Corporation (Matrade) under the trade promotion agency of the Ministry of Investment, Trade and Industry (MITI) has set a historic business market footprint in the city through the Market Immersion Mission, making Davao one of their smart cities in the country, alongside the Philippine’s capital region, Manila......»»
Bloomberry open to selling Korean casino resort interests
Bloomberry [BLOOM 11.22 ?3.4%] [link] issued a clarification to a Biz Buzz article to say that it is “open to the possibility of selling its interest in Jeju Sun Hotel and Casino”, but that there is “no imminent deal with respect to [its] sale”......»»
Biz Leaders Welcome Coal-Fired Power Plant Expansion in Toledo City to Prevent Outages
Business stakeholders in Cebu welcomed the expansion project of a coal-fired power plant in Toledo City as a way to prevent outages that happened in Aklan early this year. They said that concerns about the environment will be “outweighed” by the economic benefits that will come with more power supply considering the dwindling reserves in […].....»»
Philippine firms want workers to return to the office
The Philippines has the second highest number of employers in Asia-Pacific requiring a full return to the office in the pandemic aftermath, according to tech giant Cisco,.....»»
Customs lists firms allegedly abandoning balikbayan boxes
Customs officials reported yesterday 16 companies suspected of abandoning balikbayan boxes sent by overseas Filipino workers......»»
Go aids workers in Pampanga
Sen. Bong Go has partnered with the municipal government of Sta. Rita in Pampanga to provide support and employment opportunities to its displaced workers. .....»»
Health workers march for higher wages
Health workers from public and private hospitals held a nationwide protest yesterday, Health Workers’ Day, urging the government to address issues affecting the health sector......»»
Jeepney drivers, workers ‘more miserable under Marcos Jr’
Jeepney drivers and operators group Piston said that those who refuse to join the unjust public transport modernization program are being "designated as illegal, or colorum, by the very same government entrusted to safeguard the rights of the working class." The post Jeepney drivers, workers ‘more miserable under Marcos Jr’ appeared first on Bulatlat......»»