In the business of empowerment
The automobile industry is currently undergoing a transformation. Amid the many technological advancements made by the world’s best carmakers, including great strides in the...
Globe brings 5G technology to the Philippines
This advanced wireless technology promises huge benefits, ability to handle large amounts of data at lightning-quick speeds with ultra low latency
Globe Telecom formally announced...
Leading the charge towards decarbonization
There is an ongoing revolution in the global energy industry. Countries like Germany, Chile, India, and even China are weaning themselves off conventional fuels...
GT Capital’s synergic approach to disruption
In the 21st century, disruptions abound. Companies large and small must contend with the challenges of an ever-changing corporate environment. At the same time,...
A people-centric corporate ethos
Amid tough competition among property developers, coupled with various factors changing the market game today, investing in customer care as well as in the...
The future calls for sustainable mixed-use estates
In an era of globalization, new technologies and greater transparency, local businesses are facing multiple challenges to stay relevant and ahead of the curve....
Possibilities amid disruptions
With a history that dates back 167 years, the Bank of the Philippine Islands (BPI) has been true a game-changer in the country’s banking...
If you could ask a businessman any question, what would it be?
After three decades of delivering the facts from the source to the readers, this year, BusinessWorld did a little experiment. During the first SparkUp...
Enabling the next phase of growth: Collaboration across generations, not disruption
TURNING the Philippines into a copy of Silicon Valley is a silly idea.
How the PCC is regulating a changing game
THE COUNTRY’S historic comprehensive competition policy, which eventually led to the creation of its very first competition regulator, could be traced to a controversy involving garlic. In June 2014, the household staple became the center of an investigation after prices rose by 74% over a one-year period. The culprit: a cartel controlling 75% of the country’s garlic imports. Charges of graft and corruption were slapped on the people behind the cartel, but they were spared of charges of monopolistic behavior -- no thanks to the country’s lack of a competition law at that time.
Business case study: Grabbing market shares
GRAB (or GrabTaxi as it was known then) is a mobile app that utilizes smartphone cloud-based technology to provide ride-hailing and logistics services. The concept was envisioned by Anthony Tan, a great grandson of an average taxi driver in Malaysia. Together with cofounder Tan Hooi Ling, Tan created MyTeksi, which became popular in Malaysia and eventually expanded into other countries in Southeast Asia under a brand new name GrabTaxi. GrabTaxi became the Philippines’ first “e-hailing” mobile app when it was launched in the country in 2013.
The Philippine government and the new phase of public transport
WITH SOCIAL MEDIA brimming with complaints from the riding public, the emergence of ride-hailing apps seemed like a sound solution to the perennial traffic problem. Transport Network Companies, or TNCs, offered services that allowed commuters to use their smart phones to get a ride, be picked up from their location, travel point-to-point and pay a reasonable amount for the service.