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News and Events

Your Car and Other 'Movable' Assets Can Now Be Collateral for Bank Loans

President Duterte signs law that expands loan security beyond land, houses and other real estate

President Rodrigo Duterte signed into law Republic Act (R.A.) 11057, known as the Personal Property Security Act, last August 17. This allows “movable assets,” or personal properties such as vehicles, inventory and equipment, to be used as collateral when applying for bank ...

by Lorenzo Kyle Subido  | August 22, 2018 02:00:00
News and Events

Sili Ice Cream: Bicol Restaurateur Turns Cold Treat into Hot Dessert

The unique treat accounts for 20 to 30 percent of First Colonial restaurants' sales

First Colonial's bestselling item is its sili ice creamMost tourists flock to the Bicol region to see the majestic Mt. Mayon and eat the spicy local dishes. After all, the region is famous for its food infused with siling labuyo (small chili ...

by Cherrie Regalado  | August 22, 2018 09:00:00
Business Ideas

Palawan's Haim Chicken Restaurant: From BBQ Stall to a 1,200-sqm Iconic Dining Destination

When it began in 1999, the food stand was selling only 10-20 sticks of chicken inato a day

Haim Chicken Restaurant is best known for their version of classic inato or grilled chicken A trip to Puerto Princesa, the capital of Palawan province, would be incomplete without a visit to the city’s iconic Haim Chicken Restaurant.More than a dining destination, the ...

by Elyssa Christine Lopez  | August 20, 2018 09:00:00
Business Ideas

After 14 Business Failures, Ex-OFW Now Makes Millions of Pesos by Reinventing the Simple Leche Flan

Princess San Diego developed as many as eight flavors of the popular Filipino dessert

Princess San Diego started 14 other businesses before finally hitting it big with her flavored leche flan concept What's Your Flan?In her best-selling book titled Grit, scientist Angela Buckworth argued that the main driver of success is not entirely someone’s talent or ...

by Elyssa Christine Lopez  | August 13, 2018 03:00:00
Business Ideas

Starting With Only Php100K, College Couple Grows Farron Café to 235 Kiosks Nationwide

Farwa and Ronnel Hombre found a niche serving delicious but affordable coffee to students

Married couple Farwa and Ronnel Hombre were still dating in college when they started the business in the University Belt area in ManilaWith their busy schedules and late-night activities, academic or otherwise, college students have become a big market for different kinds ...

by Elyssa Christine Lopez  | July 26, 2018 11:00:00
Run & Grow

From Bazaars to Food Parks to Shopping Malls: How The Good Tapa is Moving With the Times

The all-day Filipino breakfast concept closes two branches in a food park but opens shop in a mall

Fatima Ventura and Geremy Kho founded The Good Tapa in a bazaar in March 2016. Today, it is operating as a food hall stall in Evia Lifestyle Mall in Las Piñas City  When the founders of The Good Tapa—a food concept that revolves ...

by Elyssa Christine Lopez  | July 24, 2018 08:00:00
News and Events

The Lost Bread Wins Next Gen Franchise Pitching Contest with its Instagram-Famous Desserts

Company's co-founder will compete at an international franchising competition in 2019

The Lost Bread co-founder Emil Ongchuan with Philippine Franchise Asia's board members (from left) Joseph Tanbuntiong, Chris Lim, Bing Sibal-Limjoco and Sherill Quintana Specialty dessert concept The Lost Bread emerged as the Next Gen in Franchising winner at the Franchise Asia Conference 2018 on ...

by Elyssa Christine Lopez  | July 20, 2018 09:00:00
Business Ideas

From Php500 to Php10,000: Batangas Carinderia Owner Multiplies Daily Income by Bottling Local Dish

How a cook found a profitable way to can sinaing sa tulingan while preserving its original flavor

Nestor Velasquez started his own canning business using a recipe for sinaing na tulingan or braised mackerel tunaNestor Velasquez had a stable job in Iloilo, working for a shipping company as an officer-in-charge of day-to-day operations. Despite being with his employer for ...

by Cherrie Regalado  | July 14, 2018 10:00:00
News and Events

Do You Run a Creative Hub or Enterprise? This UK-Funded Fellowship May Be For You

The one-year program aims to develop leaders who will help the country harness the creative industries for economic growth

The Creative Innovators Fellowship is a one-year program for managers of creative hubs in the Philippines organized by the British Council in partnership with the Department of Trade and IndustryIf you’ve been to the art spaces of Cubao X (Cubao Expo) or ...

by Roel Landingin  | June 18, 2018 05:00:00
News and Events

Believe It or Not: New Law Sets 3 to 5 Days for Gov’t to Process Simple Transactions, 7 to 10 Days for Complex Ones

Applications are deemed approved if the government fails to act within the prescribed period

For years, business owners have been complaining of the difficulties of starting and operating a business in the Philippines as they have to hop from one government office to another and endure long wait times to secure the necessary licenses and permits.Not ...

by Cherrie Regalado  | June 06, 2018 09:00:00
Startup Tips

Here's a Platform For Pinoy MSMEs to Network and Expand Their Business Globally

GlobalLinker is a social media and business tool website for entrepreneurs

Most micro, small, and medium enterprises (MSMEs) face the same challenges—how do you network with other business owners? How do you get reliable suppliers? How do you contact potential partners? These are the pain points that the UnionBank GlobalLinker tries to address.Introduced ...

by Nicai de Guzman  | March 23, 2018 05:00:00
News and Events

Bagnet from Ilocos, Durian Ice Cream from Davao: PLDT Ties up with LGUs to Give Local Producers Free Access to its E-Commerce Platform

Project will initially target five but eventually cover all 81 provinces in the country

Micro, small and medium enterprises based in the provinces may soon be able to tap into a wider market online as telecom giant PLDT Inc. offers its e-commerce solutions platform, TackThis, for free for a year to 81 provinces across the country.“We ...

by Elyssa Christine Lopez  | February 12, 2018 06:00:00
News and Events

5-Year Tax Breaks for Agribusiness and Tourism Firms Partnering with Micro Suppliers

Fiscal perks spelled out in government’s new Investment Priorities Plan for 2017-2019

It’s long been recognized by both the public and private sectors that one of the most effective ways for big business to foster inclusive growth is by partnering with micro, small and medium enterprises (MSMEs), especially those that employ the less fortunate. ...

by Elyssa Christine Lopez  | September 27, 2017 02:00:00
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