MSMEs

Luzviminda Sunit

COVID-19 no match for fighting MSMEs

Determination, perseverance and faith—in divine providence and in their own abilities to overcome obstacles—enabled 10 small entrepreneurs to preserve and grow their enterprises even during a protracted global health crisis. In virtual ceremonies, recipients of the 18th Citi Microentrepreneurship Awards (CMA) were honored for the resilience, courage and fortitude that enabled their enterprises to survive, …

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calculator, calculation, insurance

Local governments’ H1 revenue collections up by 4%

Tax and nontax revenues collected by local governments in the first half of 2021 inched up by about 4 percent year-on-year to P168.9 billion amid easing quarantine restrictions and improving prospects due to the gradual reopening of the economy. Collections by the local governments in the first half of last year was P162.8 billion. Based …

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What CEOs expect marketers to do post-crisis

We asked three CEOs from different industries what they expect from their marketers during (and eventually after) the COVID-19 crisis. These three CEOs — Aleli Arcilla, President and General Manager of Reckitt Benckiser Philippines (better known as the maker of Lysol, and Strepsils); Johnlu Koa, Founder and CEO of French Baker; and Jet Parma, President …

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machines, weight, weights

Gyms, fitness centers now allowed to run at 40% capacity

Gyms and fitness centers in Metro Manila, Bulacan and Rizal can now accommodate up to nearly half of their operating capacities as the government further eased business restrictions despite COVID-19 cases still increasing. The Department of Trade and Industry (DTI) released Thursday an advisory raising gyms’ and fitness centers’ permitted capacity to 40 percent, or …

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doughnuts, desserts, pastries

BPI, DTI offer collateral-free loans to virus-hit SMEs

Ayala-led Bank of the Philippine Islands (BPI) has teamed up with the Department of Trade Industry (DTI) to offer collateral-free term loans to small and medium enterprises (SMEs) in need of lifeline during this prolonged COVID-19 pandemic. In a press statement, BPI business banking head Eric Luchangco said the collateral-free loan facility for SMEs signified …

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Zubuchon enters ready-to-heat market, keeps sales flowing

When it became woefully apparent in the second quarter of 2020 that the COVID-19 pandemic was worse than initially imagined, Zubuchon owner Joel Binamira immediately went into crisis mode and redrew the strategy for his growing company. Binamira, who has seen his fair share of crises being a management consultant, conserved as much cash as …

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PH recovery starts in Q2, says gov’t economic team

President Duterte’s economic team on Tuesday expressed confidence that the economy will rebound starting the second quarter with mass vaccination in full swing and government spending, especially on infrastructure, remaining strong. During the Economic Journalists’ Association of the Philippines’ (Ejap) midyear forum, Finance Secretary Carlos Dominguez III said “we might appear to be behind our …

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