Home Tags Anniversary report

Tag: anniversary report

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.

Rise of robots fuels slavery threat for Asian factory workers —...

LONDON -- The rise of robots in manufacturing in Southeast Asia is likely to fuel modern slavery as workers who end up unemployed due to automation and face abuses competing for a shrinking pool of low-paid jobs in a “race to the bottom,” analysts said on Thursday.

World’s top innovation economies aren’t getting money’s worth

AMONG THE WORLD’S top innovating economies, quite a few aren’t getting enough bang for their buck.

Is financial technology already part of the mainstream?

IT WAS IN 2015, when online marketplaces began offering exclusive discounts for electronic wallet users, that Arjan Salvanera, a college student then, saw a shoe advertisement on social media. It was purveying a pair of shoes for a third cheaper than the regular mall price, with (he claims) even higher discounts for users of electronic wallets (e-wallets) such as PayMaya and GCash -- a strategy to bring more users into the fold.

Toward a more financially literate nation

IN A FINANCIAL capability survey implemented by the World Bank in 2014 as part of a broader engagement on enhancing financial consumer protection and financial education in the Philippines, a sample of 3,000 adults were asked to answer seven questions dealing with basic calculus and financial concepts (simple interest rates, inflation, compound interest, risk diversification and the main purpose of insurance products) to gauge their financial knowledge and basic numeracy skills.

Weathering the storm of disruption

THE STORM of disruption that has besieged corporations and businesses throughout the decade is only growing stronger, with technology giants like Amazon, Uber, and Netflix rising from the ashes. Now, banks are on the storm’s path, with the development of blockchain technology, cryptocurrencies, and their applications threatening to render banks and other financial services obsolete.

What’s next for bitcoin?

LAST YEAR, Bitcoin led a motley pack of so-called cryptocurrencies in one of the great booms in market history, soaring over 2,000% to its peak. Since then, it’s led an epic bust that rivals the dot-com era stock market collapse. But there are still plenty of true believers. And as the dust settles, investors and regulators find themselves still grappling with questions first raised when Bitcoin broke into public consciousness five years ago: What exactly is it? How do imitators like Ethereum, Ripple’s XRP and Bitcoin Cash work? Should I buy it? Where do cryptocurrencies fit into the future of money? Here’s a guide for those feeling at sea in these turbulent digital waters.

‘This is not a passing fad’: CFA exam adds crypto, blockchain...

IT MIGHT BE the definitive sign that cryptocurrencies have arrived on Wall Street.

Bitcoin looks more like gold than a currency

IN THE SEVEN MONTHS since Bitcoin’s price peaked, it has fallen by about two-thirds. But it’s still almost three times more valuable than it was a year ago.

Ride: QuickTake Q&AMaking sense of bitcoin and its wild price

THE INITIAL PRICE of bitcoin, set in 2010, was less than 1 cent. Now it’s crossed $19,000. Once seen as the province of nerds, libertarians and drug dealers, bitcoin these days draws millions of dollars from hedge funds. In its latest step toward widespread acceptance, futures trading in bitcoin has begun on two of the largest US exchanges. The recent price surge may be a bubble. Or it could be a belated recognition by the broader financial community that so-called cryptocurrencies -- digital forms of money -- are going mainstream.

Outsmarting online fraudsters at their own game

LIKE MOST INDUSTRIES, the banking sector has been left with no other choice but to follow their clients onto the digital space.

The country’s centralized public credit registry, banks and data privacy

IN MAY, S&P Global Ratings upgraded its risk assessment on the Philippine banking industry, uplifting the country’s Banking Industry Country Risk Assessment (BICRA) score to “6” from the previous “7.” S&P uses its BICRA framework to evaluate and compare global banking systems. Scoring is done on a one-to-10 scale, with one being the best score, signifying lowest risks.

Tycoon wants to free millions of Filipinos from loan sharks

BILLIONAIRE John Gokongwei, owner of the Philippines’ largest snack maker and budget airline, and a Skype, Inc. founder will invest as much as $200 million over three years to lend to millions of unbanked Filipinos.

All the ways you can lose your bitcoin

THERE ARE LOTS of opportunities for cryptocurrency to go missing -- some inherent to buying internet money, some involving crime. Below, a few common ways of going virtually broke.

For better or for worse: Duterte as disruptor

PRESIDENT Rodrigo R. Duterte as disruptor has been quite a running theme by now, two years into his administration. But above all, this theme is a tangible reality being felt by the country -- by its citizenry and its stakeholders -- whether one considers the body count in the drug war or the presidential pronouncements almost out of the blue that have led to disruption here and there in the business community.

Inflation worldwide is declining, no special credit to Dutertenomics

“Money cannot call forth goods, but goods can call forth money…” -- David Ricardo,
on the “mere increase of money” (1809)

Off-track? Learning from our TRAIN experience

THE CHORUS of lawmakers and various groups calling for the Tax Reform for Acceleration and Inclusion (TRAIN)’s suspension amidst inflation rates peaking to four-year highs has only grown louder. The chief architects of the law have been put on the defensive, vehemently explaining that the rise in prices was predominantly driven by external factors. Even the president himself, who usually refrains from talking about economic issues, has offered his two cents on the debate. While he acknowledged that TRAIN is one of the factors driving up inflation, he emphasized that he needed money to run the country.

Two years of Dutertismo

IN 2016, we witnessed power shifts around the world with the rise of populist, nativist, or nationalist politics on a global scale. Rebalancing themselves between change and continuity, the demands for radical social change have gotten more pronounced due to rising inequality amidst wealth, economic growth, and disruptive social forces. In 2017, we welcomed a new world order or disorder: where societies continue to face a state of political uncertainty, unpredictability and international factors beyond the control of national governments and economies. In 2018, more uncertainties have unfolded that characterize an ever-changing political dynamics and political economy of societies. In this post-factual world, we are simply caught in a tug-of-war between change and continuity.

Breaking the routine: Will ChaCha now go forth?

AFTER ATTEMPTS by the past administrations to overhaul the 1987 Constitution, is the government’s bid, on President Rodrigo R. Duterte’s watch, toward federalism likely to succeed this time?

Analysts cite Duterte’s options and China’s odds in sea row

IN THE SECOND of three presidential debates in 2016, then-candidate Rodrigo R. Duterte asked contender Grace Poe, by way of testing her relative inexperience in her five-plus years in public office, what she would do in a Chinese attack on the Philippine Coast Guard.

Two years of Duterte: A mixed picture of drug war, economic...

PRESIDENT RODRIGO R. Duterte’s two years in office in the Philippines have been marred by controversy, but with one big success: a booming economy. The jury is still out if that’s because, or in spite, of him.

China’s Modern Silk Road Project: What it means for the Philippines...

IN THE 21ST CENTURY, infrastructure development has become the new pivot of geopolitics. Power and influence are no longer measured by military prowess or economic size alone but also the ability of international actors to provide the necessary capital and technology to overhaul decaying or underdeveloped public infrastructure around the world.

Can energy from waste be the answer to the garbage problem?

SEVERAL PROJECTS at different stages of development are in the process of making use of waste to come up with a useful output, the most ambitious of which is energy, either for the proponent’s own use or to serve a small surrounding community.
Holcim Philippines, Inc., through its co-processing brand Geocycle, is among those that have hurdled the strict permitting process, as well as safety and environmental requirements to make a productive use of waste.

In the Philippines, technology is seeping into agriculture

AGRICULTURE in the Philippines has always been associated with manual labor and backward traditional farming methods. For the Department of Agriculture (DA), the stigma of farming being a poor man’s job doesn’t make it easier to fulfill its mandate of reaching food security or attracting more people to join the sector. However, progress is already creeping into the sector slowly but surely.

Is the green economy the new status quo?

USUALLY the story goes like this: businesses are taking advantage of loopholes to increase profits at the expense of the environment and local communities, and the policy makers are scrambling to close these loopholes. However, more and more, we’re seeing evidence of the opposite: businesses are taking advantage of the market demand for sustainable and ethical products, and policy makers are trying to regulate to incentivize and replicate these behaviors.

From the pages of SparkUp

Since May 2017, SparkUp, BusinessWorld’s multimedia platform for the business-minded youth, has been covering millennial-led start-ups and small and medium enterprises.

Continuing the family legacy in the age of e-commerce

LIKE MANY Filipino-Chinese boys, 29-year-old Joshua Aragon, CEO and co-founder of online grocery platform Pushkart.ph, grew up as if he were destined to become a businessman.

Start-ups’ kuya

AS FAR AS the internet is concerned, everyone who enters its realm is “at least 18 years old.” That includes the 13-year-old self of Iran-born Forbes under 30 lister Shahab Shabibi, back when he was lurking at 3 a.m. on Yahoo! Messenger (“My parents didn’t mind; I had high grades.”) to chat with a programmer he was building a company with.

How a 24-year-old plans to send 3,500 college kids to school

IT WAS IN Africa that Carmina Bayombong, child of non-government organization workers, first caught glimpse of poverty. This was cemented around a decade later at the University of the Philippines Diliman where while finishing her degree in industrial engineering, she met other students who were forced to drop out due to lack of resources.

Funny shirts, serious business

SO HOW have you been since our last interview?

Leaving work to live a life

FOUNDERS WHO were formerly employees have that one moment where they realized they had to give up their corporate careers. For Ginger Arboleda, the 33-year-old chief operating officer and cofounder of Taxumo, that moment came in 2012 when she was due to a promotion that would catapult her into an executive position at a banking giant she had been working at for more than six years.

How a government employee began to weave dreams

AKABA’S 24–year–old Chief Operating Officer Daniel Lumain was immersed in implementing policies for government-run companies before the country changed leadership in 2016 and put an end to his two-year career.

Going beyond taste

I DON’T WANT to start a food business that solely sells food,” said Francis Reyes, the 25-year-old CEO of Caravan Food Group, Inc., parent company of rolled ice cream store Elait and donut shop OverDoughs. “I want to send a message through food,” he added. “I want to hire people who the usual food entrepreneurs wouldn’t hire.”

Coming up roses

AT THE height of the AlDub love team phenomenon, Diane Yap and Lauren Gavino, who had been running an online flower shop for only a month then, received an order for 49 stems of red Ecuadorian roses to be delivered at the Philippine Arena in Bulacan, where some concert with ticket sales reaching P14 million would be filled with 55,000 people.

The taste of childhood

YOUNG CHEF Miko Aspiras channeled memories of childhood playgrounds in the Philippines to create a special dessert for his presentation during Madrid Fusion Manila 2016.

A word of advice for start-up founders

WHEN 28-year-old Katrina Chan returned to the Philippines in 2012 after finishing her studies in the US, the local tech start-up community was just in the “awareness and capacity building” stage, a stark contrast to where she came from.

The skateboard: a vehicle for chicken

FROM MERE slacker uniform, skateboard attire has seeped into the runways of the world’s fashion capitals.

The rising tech start-up scene in the Philippines

IN 2016, 22-year-old Charles Lim established his own company Veer Immersive Technologies, Inc. (Veer), dismissing a possible corporate career in line with his background in computer science.

America’s start-up scene is looking anemic

WHY AREN’T PEOPLE starting more start-ups? That might seem like a weird question to ask, in an age when Silicon Valley ventures are hot commodities and money and talent is flooding into machine learning companies. But in fact, Americans don’t start businesses like they used to.

How flexible and co-working spaces are boosting productivity

WHEN HEAD-HUNTING and executive search firm Manila Recruitment first rented out office spaces by ASPACE in Makati City in 2013, it started out with a “plug and play” concept— incorporating designs and work stations based on their immediate needs.

Why basic education is a legacy-making issue

FROM ABOUT THE EARLY 1970s to the mid-1980s, both the Philippines and South Korea were under brutal authoritarian regimes. Filipinos ousted the dictator Ferdinand Marcos via people power in February 1986, which coincidentally was the watershed event that inspired South Koreans to remove their own despotic leader.

A glimpse into AIM and Ateneo’s data science graduate programs

WITH THE GROWING demand for data scientists in today’s time of big data, machine learning, among others, and demand pegged to continue to outgrow supply (as said by McKinsey & Co.), two educational institutions in the Philippines have kick-started their own data science graduate programs.