Japanese clothing brand Uniqlo is optimistic that the Philippine economy will continue its expansion. Masayoshi Nakamura, Uniqlo Philippines chief operating officer, said Uniqlo sees a huge potential in the Philippine market. “The (Philippine) economy is growing. Fashion mindset is also changing among Filipino customers,” he stressed. As Uniqlo continuously develops its products, Nakamura said the […]
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Good Business showcases outstanding business practices and industry progress
CARD MRI eradicates poverty one family at a time
Ofelia de Jesus recalled a time when “the roof of our house was made of cogon grass and the walls were woven bamboo. My husband was a tricycle driver earning P150 a day, which we spent on rice, viands, gasoline—everything. There was never enough money.” De Jesus, 44, related how they resorted to making flower […]
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Bambike pedals way into a profitable future
I used to earn a small amount of money that was just enough for my family’s survival. But since I started working for Bambike, I have been able to send my kids to school,” said Jun Manaloto, a father of three, who lives with his family in a GawadKalinga (GK) site in the rural town […]
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Philippine Stock Exchange makes history, opens unified trading floor at BGC
February 19, 2018 the Philippine Stock Exchange has made history. More than 25 years after the merger of the Manila Stock Exchange (MSE) and the Makati Stock Exchange (MKSE) into the Philippine Stock Exchange (PSE), the country’s securities industry has finally unified into one single trading floor. “This is really history in the making. We’re […]
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Philippines ranks 1st in Asia for Budget Transparency
The Philippines has the most transparent government budget in Asia. The latest Open Budget Survey (OBS) 2017 ranks the country at the top of list with an Open Budget Index (OBI) score of 67. The Philippines’ 2017 OBI is three points higher than its score in 2015 (64). We are followed by Indonesia (64), Jordan […]
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Balangay’s Best: Ushering in a Sea Change with Artisanal Fishing
Fisherfolk are among the most disadvantaged sectors in Philippine society. Slaves to the weather and the dictates of fish traders, fisherfolk often live a hand-to mouth existence. But Balangay’s Best is helping change the fortunes of these fisherfolk. Initially it partnered with select fishing communities in Bantayan Island, Cebu, which continues to recover from the […]
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Global insurance giant expands in the Philippines, creates 300 IT jobs
Paris-based global insurer AXA is expanding its operations in the Philippines with the creation of a shared services centre. Up to 300 jobs are expected to be generated by the Shared Services Centre in Manila, bringing not just employment and career growth to the Filipino workforce but also contributing to the thriving business process outsourcing […]
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Philippines builds one of the world’s biggest container ships
A ship built in the Philippines is one of the world’s biggest commercial vessels. A major milestone in Philippine shipbuilding. CMA CGM Antoine de Saint Exupery, a 20,600 (Twenty Foot Equivalent Unit) TEU class container vessel built at the Subic Bay Freeport Zone, is seen as a historic event for the emerging Philippine shipbuilding industry. […]
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Bagosphere provides training for outsourcing industry with study now, pay later program
At the age of 17, Maritess de la Peña had to drop out of college and leave Negros Occidental to work as a kasambahay (housekeeper) in Metro Manila. She did not want to, but De la Peña had no choice but to leave after her first year as a business administration student at West Negros […]
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Billion-dollar media merger opens for business in PHL
Wavemaker, GroupM’s new billion-dollar revenue, media, content and technology agency created from the merger of MEC and Maxus has opened for business in the Philippines. Wavemaker Philippines is headed by CEO Malu Vasallo in Manila with a team of over 150 staff, announced Wavemaker Global. The local office will service a portfolio of clients including […]
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Philippine Economy Expands More Than 6% for Sixth Consecutive Year
by Bloomberg’s Cecilia Yap and Siegfred Alegado The Philippines retained its position as one of the world’s fastest-growing economies after expansion exceeded 6 percent for a sixth consecutive year. Gross domestic product increased 6.7 percent in 2017, the Philippine Statistics Authority said in Manila Tuesday, matching the median estimate in a Bloomberg survey of economists. […]
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How APEC Schools changed the life of an older learner
Jessica Tejada had a challenging childhood. When she was 10, family problems forced her to drop out of elementary school. For the next five years, she and her mother – a single parent – had to move several times as financial and other problems piled up. Tejada said she never thought they would be able […]
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