Open for Business

Singapore economy grows more than expected in 2022

SINGAPORE, Singapore (AFP) — Singapore’s economy grew more than expected last year but much slower than in 2021, official data showed Tuesday, as analysts warned of weaker growth ahead owing to an expected recession in key markets. While the 3.8 percent on-year expansion was welcome, it was weighed by a 3.0 percent contraction in the key manufacturing sector in the final three months. Growth in the fourth quarter came in at 2.2 percent, sharply down […]

Dollar softens after rally but Asian stocks struggle to recover

HONG KONG, China (AFP) — The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a record high versus the pound, though equity traders struggled to claw back recent losses owing to recession fears. While central banks around the world are ramping up interest rates to fight inflation, the main focus is on the US Federal Reserve’s increasingly hawkish tone that has seen it unveil three […]

Embiid records triple double as 76ers trounce Rockets

LOS ANGELES, United States (AFP) — Joel Embiid posted his third career triple double with 31 points, 15 rebounds and 10 assists to power the Philadelphia 76ers past the Houston Rockets 133-113 on Monday. Furkan Korkmaz added 24 points and a career-high 11 rebounds, Isaiah Joe scored 18 points, Seth Curry contributed 15 and Tobias Harris had 14 as the Sixers won their fourth-straight game. Garrison Mathews scored a team high 23 points, while Eric […]

Globe Business kicks off tribute campaign for MSMEs   By Randy Bernardino The COVID-19 pandemic has tested Micro-, Small and Medium-Sized Enterprises (MSMEs) to see if they are future-proof. Some businesses are struggling to survive, while others have shut their doors completely.  In spite of the unprecedented disruptions, small business owners have been resilient and resourceful to adapt to the changing times.  Globe Business salutes these efforts as it kicks off the campaign #SaludoSMEs with the theme “Tuloy Tayo.” This is in […]

Globe myBusiness fetes #Pinaypreneurs in Women’s Month

  In celebration of International  Women’s Month, Globe myBusiness conducted a series of activities that honor, inspire and empower women entrepreneurs that include social activation promotions and learning sessions for SMEs. Globe myBusiness “celebrates the achievements of women-led SMEs, Filipina entrepreneurs, their visibility in the new future and taps inspirational SMEs that chose to innovate their business in spite of the uncertainties of 2020.” SMEs were invited to be creative and post on their social […]

Globe myBusiness Provides Digital Solutions to Empower Businesses in the Next Normal

Businesses have suffered great losses and struggled to stay afloat as the COVID-19 pandemic continues. Those without a digital presence were doubly challenged to operate in a market overrun by competitors with an already established audience. Given these challenges, Globe myBusiness is helping businesses power through this next normal. Globe offers tried-and-tested digital solutions, an impressive, reliable network, and empowering learning events—all of which are aimed at helping build stronger and better businesses this 2021. […]

Globe myBusiness holds online thanksgiving to honor MSME journey

Due to the pandemic, MSMEs have experienced dwindling sales and closures, both permanent and temporary.  According to the Philippine Enterprise Survey conducted by Asian Development Bank, most MSMEs have run out of cash and savings, and may have postponed or cancelled their corporate parties or holiday bonuses to save money. With the COVID-19 crisis, MSMEs are very mindful of their cash flow to ensure the survival of their business. Expressing its understanding of the needs […]

Globe myBusiness supports local SMEs through #GiftLocal campaign

Globe myBusiness supports SMEs (Small and Medium Enterprises) with the #GiftLocal campaign that aims to encourage Filipino consumers to purchase their gifts for family and friends from local small businesses. “We have always rallied the Filipino consumers to patronize local establishments and help Filipino SMEs,” said Globe myBusiness Strategy and Marketing Head Maridol Ylanan. “This year’s Gift Local campaign will serve an even greater purpose, as we feature the products of our SME partners that […]

Globe myBusiness prepares SMEs: ‘Para Sa Bagong Bukas’

By Caesar Vallejos, OPEN FOR BUSINESS Aptly themed “Para Sa Bagong Bukas”, Globe’s Saludo SME, prepares the Small and Medium Enterprises to embrace the new normal. A double entendre, the theme could mean ‘a new tomorrow’ and ‘open anew.’  Saludo SME was launched in 2019 and in this year’s edition, Globe myBusiness salutes “SMEs who have remained open or planning to get back on their feet” amidst the global pandemic. The COVID-19 pandemic which prompted […]

Multisys develops first contact tracing system in PH, helps government track and respond to COVID-19 cases

Leading software solutions company Multisys Technologies Corporation developed the first COVID-19 contact tracing system in the Philippines through its emergency response website called Site visitors can contribute to the fight against COVID-19 by reporting the health conditions of their respective family members without disclosing sensitive information. This will help the private sector and local government units (LGUs) attend to immediate assistance needed by employees or locals under their jurisdiction—making it easier to track COVID-19 […]

EBC to hold OPEN FOR BUSINESS Digital Public Forum on 4IR and how MSMEs can survive the Coronavirus Crisis

By Caesar Vallejos, OPEN FOR BUSINESS The world is at war. Not with guns and ammunition, but with soap and water, and emerging technologies in the 4th Industrial Revolution (4IR), while nations are still in a rush to develop drugs to counter the coronavirus pandemic. Responding to the Philippine’s Enhanced Community Quarantine (ECQ), Eagle Broadcasting Corporation (EBC) was quick to transform the scheduled Open For Business (OFB) Forum event into a digital public forum to […]

BMW to shut down European factories over virus

FRANKFURT AM MAIN, Germany (AFP) — German carmaker BMW said Wednesday it would close European and South African factories accounting for half its output for a month, matching other car giants stricken by coronavirus containment measures. It also warned that profits this year would be significantly lower as a result of the crisis. “From today, we will shut down our European car factories and the Rosslyn factory in South Africa,” chief executive Oliver Zipse said, […]