Viber eyes banking, e-commerce services in Philippines in 3 years
“A few years from now, people in the Philippines will be able to send money to each other on Viber or browse a catalog and buy some products on Viber and exchange with their banks," Djamel Agaoua said......»»
Red carpet to be rolled out for FIVB world meet
The Philippines will leave no stone unturned for the FIVB Volleyball Men’s World Championships 2025 – in terms of hosting the event for the first time ever and competing anew after 50 long years......»»
‘Trade with China should continue’
The Philippines should continue to pursue stronger trade ties with China despite rising tensions in the West Philippine Sea, according to the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. and the Department of Trade and Industry......»»
Philippines FDI ‘bound to improve’ in coming years – HSBC
The Philippines would be able to attract more foreign direct investments (FDI) in the coming years amid reforms that improved the country’s business climate, HSBC Global Research said......»»
Big 4 Volleyball tilt marks successful inaugural season, eyes bigger tourneys soon
CEBU CITY, Philippines — The Big Four Volleyball Tournament wrapped up last weekend successfully at the Warehouse Sports Lab in Mandaue City. This grassroots volleyball tournament saw inaugural champions being crowned. The Subangdaku Trojans emerged as champions in the 13-under and the girls 14-17 divisions, while Cabancalan National High School ruled the 14-17 boys division. .....»»
Philippines vows hosting readiness for men’s volleyball world championship
The Philippines assured to leave no stone unturned in the FIVB Volleyball Men’s World Championships 2025 — in terms of hosting for the first time ever and competing anew after 50 long years......»»
UnionDigital Bank revenue grows to over P5 billion
UnionDigital Bank, the digital banking arm of Aboitiz-led Union Bank of the Philippines, saw its revenue grow to over P5 billion in 2023 mainly driven by higher deposits and loans......»»
Pagasa debunks ‘three days of darkness’ hoax
MANILA, Philippines — The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) dismissed claims that the Earth will experience three days of darkness due to passing the “Photon Belts” starting April 8 as false. The state weather and astronomy bureau said Friday there is no scientific evidence to support the claim. “DOST-PAGASA would like to.....»»
FACES OF CEBU: Maribeth Mall Ababon, 35, woman firefighter
CEBU CITY, Philippines — Womanhood does not set a boundary on what you can do to be of service to society. Over the years, this sentence has been proven to be true as women have found their place in various industries, especially those known to be historically dominated by men. Among these is the fire.....»»
Remove the roadblocks on right of way acquisition
In recent years, the government has committed to make game-changing reforms in order to make the Philippines more attractive as an investment destination......»»
Remove the roadblocks on right of way acquisition
In recent years, the government has committed to make game-changing reforms in order to make the Philippines more attractive as an investment destination......»»
Asialink eyes P2.4 billion in truck loans as e-commerce grows
Asialink Finance Corp. is looking at lending as much as P2.4 billion this year to the fast growing market for brand new and used trucks that are essential to the growth of e-commerce and logistics......»»
DOT advises public to ‘travel wisely’ this Holy Week
MANILA, Philippines — The Department of Tourism (DOT) is advising the public to “travel wisely” to ensure safety during the Holy Week celebrations. “Travelers needing accommodation, tours, transportation, and other tourism-related services are strongly advised to patronize DOT-accredited tourism enterprises. Accreditation by the DOT recognizes establishments as having complied with the department’s minimum standards set.....»»
Top 10 e-commerce sites in the Philippines 2019 - ASEAN UP
With a dynamic economy and a large population proficient with digital technologies, the Philippines is a fast-growing market for e-commerce in Southeast Asia. Several websites and digital applications are already fighting for market share, with global, regional and national players. The growing connectivity of the Philippines, rapidly overcoming the countrys infrastructure difficulties, enable more and Continue reading &q.....»»
5-day forecast: Fair weather expected in Cebu
CEBU CITY, Philippines – The weather in Metro Cebu and the rest of the province is forecast to be generally fair and pleasant over the next five days, the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa) said. The Pagasa Visayas Regional Services Division has forecast that the Visayas, including the whole of Cebu, will.....»»
Pagasa declares start of summer
The Philippine Atmospheric, Geophysical and Astronomical Services Administration yesterday officially declared the start of summer in the Philippines with the end of the northeast monsoon......»»
Villanueva returns to US for fight vs Pierce
CEBU CITY, Philippines — Veteran ring warrior Arthur Villanueva returned to the United States after eight years as he takes on Elijah Pierce on March 29 in Atlantic City, Georgia. Villanueva, an ex-ALA Boxing Gym stalwart, will return to the United States for the first time since 2016. The 35-year-old Villanueva of Bago City, Negros.....»»
Bank of Commerce taps Infosys for digital solutions
Bank of Commerce has tapped global banking technology leader Infosys Finacle to help accelerate its digital transformation and redefine banking experience for customers......»»
Cashless Expo fuels digital payment transformation in Philippines
The recently concluded Cashless Expo 2023, hosted by GoDigital Pilipinas at the World Trade Center in Pasay City, marked a significant collaboration between the public and private sectors. In partnership with the Department of Trade and Industry the Department of Agriculture and the Bangko Sentral ng Pilipinas the expo showcased the benefits of digital transactions, focusing on driving the digital transformation, particularly among micro, small and medium enterprises (MSMEs) and farmers, in e-commerce, digital payment, banking and fintech......»»
FICCI-IBA bankers survey indicates robust demand and encouraging turnaround in Indian banking sector
New Delhi [India], October 12 (ANI): The results of the seventeenth round of the Federation of Indian Chambers of Commerce and Industry-Indian Banks Association (FICCI-IBA) survey conducted for the period of January to June 2023 have revealed trends in India's banking sector. According to a press release, with participation from 24 banks, including public sector, private sector, and foreign banks, this survey offers valua.....»»
MSMEs’ digital shift needs collaboration
The global Covid-19 pandemic has profoundly impacted the micro, small and medium enterprises, or MSMEs, with the economic shocks reverberating worldwide. However, the pandemic also saw an unprecedented focus on the struggling sector. Despite being diminutive in size, MSMEs make up for the shortcoming with their sheer volume, making them a source of significant contributions to the local economy. The latest data from the Philippine Statistics Authority showed MSMEs comprised 99.52 percent of total businesses in the country, or over 998,342 Filipino enterprises delivering goods and services daily. “In the fast-paced business landscape, MSMEs are facing increased pressure to apply digital technology on their operations to remain competitive and even upscale,” Dino Velasco, the senior vice president and institutional segment marketing head at Union Bank of the Philippines, said in an interview with the Daily Tribune’s digital show Business Sense. “The Covid-19 pandemic has accelerated this trend, with businesses across the globe, regardless of size, rapidly adopting digitalization to survive and thrive in the so-called new normal,” he added. UnionBank ceded it could not take the whole task by itself. It needed to partner with stakeholders to address the enormity of the challenge. Foremost in the task is the geography of the Philippines with 7,641 islands which are broadly categorized in three main geographical divisions from north to south. Some of these islands are off-grid, which requires powering up first before they can be connected digitally and served by traditional financing facilities, like UnionBank. “We also do understand and accept the fact that we cannot do it alone. For us at UnionBank, it’s very important to work with partners and we do have partners both in the technology space and in the brick-and-mortar space that allow us to expand or reach even further. Going beyond the 80 percent of the population that are connected and reach the other 20 percent off-grid,” Velasco added. Looking at the Philippine financial landscape, the fintech space has evolved, with telcos, power providers and distributors, money business services, logistics, and others, who are present in off-grid communities as part of the whole-of-nation approach to achieving financial inclusion. Velasco went on, “We continue to partner with these vital stakeholders so that we can provide and extend our financial services to the markets in those areas.” GlobalLinker The greatest hurdles to the successful adoption of digital technology among MSME is overcoming the lack of expertise and good practices, and the associated costs. For a broader uptake of digital tools for these sectors, there needs to be more widely available standardized and even ready templates that the MSMEs can use like a plug-and-play setup. These ready templates would help avoid the appearance of costly and complicated tools and potentially enhance the opportunities for MSMEs to achieve sustainability. “That has always been the challenge for technology, not just for banking, but a lot of industries. How do we educate the more senior segment of the population,” Velasco replied when queried on how to educate MSMEs to embrace digital tools to advance sustainability. Velasco added: “What works is to educate the influencers for that more senior population of the segment. A lot of the small businesses today have in the past, involved other members of the family in running their businesses and they become part of educating those who are trying to use technology for the first time. We noticed that we can adapt that strategy by involving these family members who influence the other members, especially those who are already digitally savvy.” In addition, UnionBank has launched the Global Linker, an online platform designed for e-Commerce that allows users or MSMEs to create their website, while also offering them the opportunity to manage their inventories and link up with other merchants, suppliers, and even resellers. The UnionBank GlobalLinker is a digital SME online platform that aims to digitize SMEs in the country. To create trade fairs and online marketplaces for Filipinos all over the country, we are dedicated to the digital education of all Filipino SMEs. Velasco explained that after creating their website through GlobalLinker, the merchants are now accessible to potential clients “wherever there may be, here or outside the Philippines.” “Imagine if you are an exporter from the Philippines and you have a potential client from India. Because of GlobalLinker, you can communicate with each other and ensure that the goods and services can be ordered and delivered to your client overseas. More importantly, this e-Commerce site is equipped with the necessary tools in ways by which customers can settle or pay digitally,” he said. Velasco continued, “And if you are using our MSME Business Banking app, you can transact overseas and pay someone using Swift (code). Basically, the GlobalLinker is business networking for MSMEs and startups.” Mobile app introduced In the age of a growing demand for digital presence, Velasco said it goes unsaid that UnionBank sees the need for digital technology as a critical tool for MSMEs that want to grow or expand. “What we’re focusing on is to feature our MSME Mobile Business Banking App that we developed to answer the needs of our customers from beginning to end,” Velasco said. “Meaning end-to-end from the time a small business owner needs to apply for an account to the time when they need to manage their businesses. Using the app right solely instead of going to other channels where they need to get out of their offices and go to the branch.” The UnionBank mobile app aims to educate its users to allow the app to let “everything happen while they’re using the app or the platform.” The app also aims to create solutions for the users, like the QR code feature to allow merchants to accept payments from their customers. “It is really an end-to-end feature from account opening to transferring funds, to paying suppliers to accept payments from their customers and up to even applying for a loan facility,” Velasco added. The mobile app is something UnionBank wants to make available in the hands of its customers by simply accessing the mobile banking app for MSMEs. Necessary journey It is no longer a choice for MSMEs. Digitalization is now a necessary journey that all MSMEs must embrace to survive and succeed. Using digital technology may save significant costs for the MSMEs, while at the same time enhancing their operations, sales, marketing, and presence. A digitized MSME may also see increased productivity and efficiency, and improved customer service. But digitalization also comes with several challenges, including technological know-how, funding, and even data security. UnionBank of the Philippines is offering several platforms to solve these challenges. All you have to do is click and download their digital platform offerings. UnionBank is committed to helping MSMEs achieve their digital transformation goals, with their expertise and cost-effective solutions. The post MSMEs’ digital shift needs collaboration appeared first on Daily Tribune......»»