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The Gift that Keeps on Giving: Globe partners with Kiva for a Globe of Good
Unemployment continues to be one of the Philippines’ biggest challenges to date. Millions of Filipinos either remain on the loose for a job opportunity to earn their keep or are employed but are dissatisfied with their current pay, role or job fit, categorizing them in the “underemployed” segment. In the year 2000, unemployment rate was at a record high of 13.9. While unemployment rate steadily decreased over the years at a record low of 5.4 in the third quarter of 2016, it remains a major roadblock in seeing the country’s full potential. Micro-, small- and medium- enterprises (MSMEs) have contributed largely to this increase in employment. In ASEAN countries, majority of enterprises are MSMEs, reaching up to 99% in some. In the Philippines, there are currently close to a million MSMEs. From 1995 to 2011, the number of people employed by MSMEs has increased from 2.7 million to 3.9 million, and the number only continues to grow, allowing people to slowly rise over the poverty line. MSMEs encounter difficulty when it comes to funding due to having mostly personal assets. Without acceptable collateral such as real property and with a limited track record, MSMEs, especially the smallest ones, are put at a disadvantage in loaning capital as they cannot meet bank requirements. With its renewed purpose of seeing a country where businesses flourish, Globe Telecom constantly looks at forging partnerships to grow employment opportunities. In partnership with global crowd-funding source Kiva, the company has revolutionized an avenue to help Filipinos, empower local businesses, and promote economic growth. Globe customers can now help Filipino start-up entrepreneurs realize their dreams by... read moreRed tide alert up again in Dauis, Tagbilaran City
TAGBILARAN CITY, November 21 (PIA)–The coastal waters of Dauis and Tagbilaran City has been tested positive again for algae that produces the red tide toxin, according to the regional office of the Bureau of Fisheries and Aquatic Resources 7 (BFAR-7). BFAR-7 Regional Director Allan Poquita relayed the advisory to the Bohol media thru BFAR-Bohol Information Officer Nimfa Mesina last Saturday. The BFAR bulletin issued on Saturday said that the coastal waters of Dauis and Tagbilaran City tested for red tide toxin. The advisory states that gathering and selling shellfish from Dauis and Tagbilaran City sea waters are banned until further notice because they are still positive for paralytic shellfish poison that is beyond the regulatory limit. It was only in March this year that the longest red tide alert in the province had been lifted by the bueau. A similar red tide advisory covering Dauis and Tagbilaran areas, ran from June last year to March this year. However, BFAR-Bohol continued to warn local governments of Dauis and Tagbilaran City to remain vigilant since then, and continue monitoring the coastal areas to make sure any resurgence of red tide toxins would be promptly acted upon. By mid-October this year, BFAR-7 already warned Bohol consumers of the possible resurgence of red tide. Red tide is the common term for harmful algal blooms, specifically when colonies of algae grow out of control and produce toxic or harmful effects on shellfish and other marine animals.... read more
Economic Partnership with China firms up with arrival of ASEAN China Center (ACC) delegates
Manila, Phl – 23 May 2017 – 16 Delegates from ASEAN China Center (ACC) arrived for a two-day briefing on trade and investment expected to bolster cooperation between the two countries. Led by the Department of Trade and Industry, officials from the Export Marketing Bureau (EMB), Board of Investments (BOI), and Philippine Economic Zone Authority (PEZA) organized a Business Matching and Networking Dinner at the South Ballroom, Diamond Hotel to enable an environment where Philippine and Chinese companies can do business together. As DTI Assistant Secretary for Trade and Investments Promotion Group Rosvi C. Gaetos stated in her welcome remarks, “As we host the ASEAN Summit on its 50th founding anniversary with the theme “Partnering for Change, Engaging the World”, we continue to reaffirm our readiness for deeper economic partnerships within the ASEAN region and with our extended neighbors such as...No Results Found
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