Business

Every business that has survived and beaten the pandemic odds carries an inspiring story of creativity, grit, and resilience worthy of recognition.By capturing and telling these stories, Globe Business honors the local micro, small and medium business owners through this year’s Saludo SMEs campaign, cheering them on with the message “Through The Changing Times, Tuloy Tayo!”, and supporting them as a trusted partner does so that they can confidently move their business forward, a press release from the firm said.The ‘Saludo SMEs’ campaign is Globe Business’ annual initiative to recognize the contribution to sustainable economic development made by micro, small and medium businesses. It was first launched in 2019 to shine a spotlight on SME challenges and successes and inspire other ...

The Social Security System (SSS) released in 2020 more than P1.71 billion in unemployment benefits to 135,814 qualified members.Preliminary data from the pension fund showed that the unemployment benefit releases last year increased nine-fold from P177.86 million in 2019. The number of claimants also increased by the same level from only 14,895 members recorded in the same year."The significant increase in the amount of benefit releases and the number of member-recipients in 2020 is largely attributed to the effects of COVID-19 crisis to the Philippine economy," Ignacio said.She pointed out that "Although the initial implementation already covered involuntary separations effective March 5, 2019, or upon the approval of Republic Act 11199, also known as the Social Security Act o...

Capitol photoGov. Eugenio Jose Lacson distributed checks worth P441,600 to 205 famers of San Carlos City, Thursday, June 24, who are beneficiaries of the Quick Turn Around (QTA) or Early Planting Incentives Project under the Office of the Provincial Agriculturist (OPA).The distribution was held at Brgy. Quezon Covered Court, attended by First District Board Member Rommel Debulgado, San Carlos City Mayor Renato Gustilo and city officials, farmer-beneficiaries, and OPA staff, a press release from the Capitol said.The QTA is a program of the provincial government that provides cash incentives to farmers engaged in early planting from April to May last year, as support to rice requirements during the off-season, thereby minimizing the impact of food shortage, especially during the ...

Ongoing developments inside the 34-hectare The Upper East township in Bacolod City where the company plans to build more office towers, malls, and residential towers in the next 5 years.Following its filing of registration statement for the planned biggest Real Estate Investment Trust (REIT) offering, Andrew Tan-led property giant Megaworld is strengthening its development pipeline in the next five years as it looks on investing the proceeds from the offer to complete 21 new office and commercial projects across 11 townships in the country, including g in Bacolod City.These projects include 15 office developments, particularly in Uptown Bonifacio and McKinley West in Taguig City, Arcovia City in Pasig City, Iloilo Business Park in Iloilo City, The Upper East in Bacolod City, Capita...

PVO photoNegros Occidental continues to ship hogs to different parts of Luzon, Visayas, and Mindanao.It is also expected to increase in the coming days due to the trend in the past months.As of April, the province was able to ship 8,285 heads of live hogs, with 3,775 heads sourced from commercial farms and 4,510 from backyard.In May, live hog shipment reached 6,829 heads, with 4,423 heads sourced from commercial farms and 2,406 from backyard.Business confidence for the province’s commercial and backyard raisers continue to rise as live hog prices hit a significant P5 price increase, from April to May, posting an average price of P137.50 per kilogram live weight in April to P142.50 per kilogram in May.However, there has been a notable decrease in shipment in May due ...

The government has extended to two years the grace period for repayment of the business loans to distressed tourism enterprises under Bayanihan 2 Act, the government’s pandemic recovery program.The Department of Tourism (DOT), in a press release, said the terms of the interest-free soft loans have been relaxed even more to encourage more micro, small and medium enterprises (MSMEs) in the tourism industry to avail themselves of the loan facility managed by the Small Business Corp. (SB Corp) of the Department of Trade and Industry (DTI).The relaxed terms also allow for a second round of loans for employee retention and a maximum loanable amount of P5 million. The adjustment to the terms of the CARES for TRAVEL partnership program of the DOT and SB Corp was in response to the current ...