Announcing an opportunity for all entrepreneurs and aspiring entrepreneurs to get that much needed funding for your project you’ve been keeping for so  long. This is through the Philippine Business in Development (BiD) Challenge 2009 which is being launched by the Philippine Business for Social Progress (PBSP).

Peping and Joy de Villa were enjoying success in their high-end garments business until 1997, when imported garments from China, Bangkok and many other sources came to the country and sold in various ukay-ukays. They were forced to close shop in April 1997 because they find it hard to compete with these items, which were [...]

The continued growth of the business process outsourcing (BPO) industry in the country not only benefitted the thousands of Filipino by providing them more jobs, but it also gave a much needed boost to the real estate industry. That is because BPO companies have continued to fill up available office spaces, both in prime business [...]

In these times of economic downturn, there is an industry that is bringing promise to the country, and I’m not talking about the outsourcing industry. I’m referring the organic products industry, whose harvest is still growing. This growth was evident during the recent gathering of organic food producers at the EchoStore in Serendra Plaza, Taguig [...]

Filipino exporters who attended the 34th Foodex trade fair held at Makuhari Messe, Chiba, Japan last March 3 to 6 made good impressions on the country’s third largest export market. So good, that the 18 food companies who attended the fair were able to sell $5.5 millions of dollars worth of their products.
The Foodex trade [...]

Finally, the Social Security System (SSS) has set P500-million emergency loan fund to help employees of private companies who were displaced due to the closing down of a number of companies in the Philippines because of the global economic recession.
Romulo Neri, SSS president and chief executive officer, said in a statement that his agency has [...]

Tilapia has long been a favorite fish by the Filipinos. Now, two more new products from this fish have been developed and these are the tilapia longganisa and tilapia tocino. Both are now already out in the market. Cagayan Valley, which is a major producer of tilapia, even developed a tilapia longganisa and tocino processing [...]

In these times where talks of the effects of the global recession just wouldn’t subside, especially with the hundreds of OFW’s who were displaced because of their employers being severely affected by it, the country is once again faced with the rising unemployment problem.
To add up to the displaced OFWs are the local workers who [...]

P3,000 money to spare for capital and a bored couple seem to make a very successful business combination. This is the story of Roberto Cabrera, 62 and his wife Vilma, 60 who ventured into handicraft in 1988 just because they were bored and are no longer happy in managing their small retail. According to them, [...]

Being a stay-at-home father, I sometimes wonder if there are other who are also to be in such a situation – given a choice. I am one because it’s the most logical choice for me in my situation, being a widower who wants to make sure I’ll be always there for my kids.
For families where [...]

Alternate funding in the Philippines that will probably be is the best chance for capitalization during this time of Global Economic Crisis. Here are the 8 alternative sources that business owners in the Philippines can tap for cash:
1. Credit unions and Microfinancing Coops. This is all about membership, credit union sees you as a member [...]

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House Bill 5241, or the “Investments and Incentives Code of the Philippines” being sponsored by Philippine House Speaker Prospero Nograles seeks to codify various incentive-giving laws and statutes to enhance the country’s investment strategies and programs with the aim to attract foreign investments.
To compete for development capital in the global market, Speaker Nograles believes [...]

With the onslaught of global financial crisis, foreign companies are now pulling out their investments in developed nations and looking for alternative sites in other countries to set up businesses in order to reduce costs. This is according to Sergio Ortiz-Luis, chairman of the Philippine Chamber of Commerce and Industry, who believes that the current [...]

Finally, a bill that took decades to approve, was finally passed, as the House of Representatives ratified the consolidated House and Senate versions of the Renewable Energy Act of 2008. The bill, which aims to boost the country’s level of energy self-sufficiency from 56.6% in 2005 to 60% by 2010, provides fiscal and financial [...]

A tragic irony – Many business owners are good in business but not in handling money. Business and money normally and ideally go together but considering some of the attributes of an entrepreneur, in some cases, they are lousy in terms of managing their personal wealth and investments. Problems occur on how these small businesses [...]

If it is stayed long enough, the crisis can seep into the Philippines economy. Exports of the Philippines are heavily affected if the market economy in the USA freezes. Mass lay off may occur if companies continue to shut down in America. Without jobs or lower pay, Americans cannot afford caregivers or maids and with [...]

“Crisis brings numerous profitable opportunities in the market because people have demands that could be possibly addressed by businessmen,” said Butch Albarracin, founder and CEO of the Center for Pop Music Phils. “It makes you the best entrepreneur because it gives you opportunities,’ he added.
Filipinos should look for business opportunities in spite of global [...]

Chowking, the 3rd to the largest fast-food chain in the Philippines had surpassed McDonalds’s in terms of sales and market share. Of course, we all know that Jollibee still remain on the top being the largest fast-food chain in the country.
Interestingly, the two guys behind the Chowking Php10 billion brand are no longer working in [...]

Trying to be optimistic, local business leaders say that the slowdown in the US economy would benefit the Philippines as it creates unique opportunity, our country being an attractive investment destination. This according to Sergio Ortiz-Luis, chairman of Philippine Chamber of Commerce and Industry.
Ortiz-Luis also added that since labor and operating costs in the [...]

The One-Stop-Information of Technologies in the Philippines was activated last week by the Department of Science and Technology, it is an online database of over 280 technologies, inventions, and process improvements that is useful to the small-medium enterprises, manufacturing operators and other industries. It promotes viable technologies from Filipino scientists and inventors. OSIST was funded [...]