Business - updates

Rappler's latest stories on Business


Makati Business Club again urges lawmakers to renew ABS-CBN franchise

Jul 05, 2020 - 4:15 PM

'Equal treatment of all companies – especially by regulators, prosecutors, and lawmakers – will signal that rule of law prevailed,' says the Makati Business Club

Members of the National Union of Journalists of the Philippines and the Photojournalists’ Center of the Philippines holds a candle lighting protest at the Sgt. Esguerra gate of the ABS-CBN compound on July 3, 2020. The National Telecommunications Commission ordered ABS-CBN to stop the operations of Sky Direct and TV Plus on June 30. Photos by Angie de Silva/Rappler

Spain to create 10-billion-euro fund for firms in trouble

Jul 03, 2020 - 11:45 PM

Companies benefiting will be those seen as of strategic importance working in sectors such as security, health, infrastructure, and communications

FREE. People walk on a road turned into a pedestrian street on weekends in Barcelona on May 24, 2020 as the country slowly loosens a strict coronavirus lockdown. Photo by Josep Lago/AFP

Hong Kong businesses back new security law despite fears

Jul 02, 2020 - 9:00 PM

Rights groups and legal analysts have grave concerns, but many in the business community welcome the new Hong Kong security law as a way to restore stability

A barge (C) with banners that read “Celebrate the National Security Law” sails in Victoria Harbour on the 23rd anniversary of Hong Kong’s handover from Britain in Hong Kong on July 1, 2020. - Hong Kong marks the 23rd anniversary of its handover to China on July 1 under the glare of a new national security law imposed by Beijing, with protests banned and the city's cherished freedoms looking increasingly fragile. (Photo by Anthony WALLACE / AFP)

China tech giant Tencent duped by saucy scammers

Jul 02, 2020 - 8:01 PM

The aim of the 3 people who had faked a Lao Gan Ma company seal and pretended to be managers of the chilli firm 'was to obtain online game package codes' which they later resold, says a police statement

Small business owners hold their breath post-confinement

Jul 02, 2020 - 6:15 PM

The post-confinement world remains a deeply uncertain one, with many business owners battling for survival

This photograph taken on June 18, 2020 shows Managing Director of 'Dibbo Fashion Ltd' Rubel Ahmed (R) inspecting a sweater while labourers work at a garment factory as it has reopened after being close during a lockdown imposed as a preventive measure against the COVID-19 coronavirus in Savar on the outskirts of Dhaka. - After months of economic turmoil triggered by the long coronavirus lockdown, battered small and medium-sized businesses are attempting to pick up the pieces. The post-confinement world remains a deeply uncertain one, with many business owners battling for survival and hoping they can hang on long enough to benefit from an economic upturn, when it comes. (Photo by MUNIR UZ ZAMAN / AFP) / To go with 'EPIDEMIC-HEALTH-BUSINESS' FOCUS

Rappler ends 2019 with income: A comeback year

Jun 30, 2020 - 11:56 AM

It's been 4 years of turning crisis into opportunity


Ateneo lands 1st runner-up in international business case competition

Jun 23, 2020 - 3:44 PM

PRESS RELEASE: Ateneo de Manila University is the first Philippine university to win 1st runner-up at the prestigious HSBC/HKU Asia Pacific Business Case Competition

TEAM. The Ateneo team composed of (L to R) Annicka Koteh, Lucia Lorenzo, Isa Villanueva, and Javi Macasaet bag the 1st runner-up prize at the HSBC/HKU Asia Pacific Business Case Competition. Photo from Grupo Agatep Inc.

How to navigate the 'new normal' for online businesses

Jun 22, 2020 - 2:58 PM

With online businesses on the rise, here are tips for moving forward during the pandemic

Black-owned eateries buoyed by grassroots support since virus hit

Jun 21, 2020 - 3:45 PM

Numerous studies show that black business owners, and in particular those in the food industry, are among the worst hit by the coronavirus pandemic in the United States

Oji Abbott "Chef O" sits in front of his restaurant Oohh's and Aahh's, one of the many on U Street, June 15, 2020, in Washington, DC. - Media, activist and business initiatives to support African-American restaurant owners have been stepping up in recent weeks in the wake of the historic anti-racism movement in the US since the death of George Floyd, an unarmed black man in his forties who was killed by a white policeman on 25 May. Numerous studies have shown that African-American entrepreneurs, particularly in the service sector such as restaurants, have suffered most severely from the economic and health crisis caused by Covid-19. (Photo by Brendan Smialowski / AFP)

Sao Paulo reopens stores, but many have closed for good

Jun 19, 2020 - 9:00 AM

After 3 months with no revenue, many small businesses in Brazil are forced to close for good

A woman walks past an empty store to rent or sell in a comercial area of Sao Paulo, Brazil, on June 17, 2020. - Sao Paulo is resuming its economic activity, but in some streets of Brazil's largest metropolis a succession of low iron curtains is evidence of the impact of the coronavirus: merchants have closed down. (Photo by NELSON ALMEIDA / AFP)

LIST: Celebrities food businesses you should check out

Jun 17, 2020 - 2:00 PM

From baking to doing home cooked meals, the stars made use of their time through the food businesses they started

In limbo: Regular BPO employees on 'floating status' left with no pay

Jun 17, 2020 - 10:30 AM

The coronavirus crisis causes BPO companies to lose clients, leaving employees to bear the brunt of the pandemic

WATCH: Businesses are inspired to look BEYOND

Jun 16, 2020 - 1:32 PM

As more businesses migrate online, PLDT Enterprise launches BEYOND FIBER to bring digital transformation to the remote working environment

Business groups: Ressa verdict threatens Filipinos' rights, freedoms

Jun 15, 2020 - 3:05 PM

(UPDATED) 'It is a big blow to press freedom especially given serious constitutional questions on whether the law is applicable at all. This would threaten our other rights and freedoms,' business groups say

Rappler CEO and executive editor Maria at the Manila Trial Court on June 15, 2020 attends the promulgation for the cyber libel case filed by businessman Wilfredo Keng. Ressa and co-accused Reynaldo Santo Jr, former Rappler researcher-writer, receives a guilty verdict. Photo by Dante Diosina Jr/Rappler

Business groups oppose 'highly divisive' anti-terror bill

Jun 05, 2020 - 11:04 PM

During the coronavirus pandemic, what the country needs is 'national unity' and not a bill that 'poses clear and present danger to human rights,' 8 business groups say in a joint statement

JUNK TERROR BILL. In this file photo, militant groups march from Philcoa to the UP Quezon Hall in Quezon City on June 3, 2020, to protest against the passing of House Bill No. 6875, also known as the Anti-Terrorism Act of 2020. File photo by Jire Carreon/Rappler

Business groups press Duterte for 'more substantial' economic plan vs virus

Jun 04, 2020 - 5:05 PM

Over 40 business groups call on the Philippine government to swiftly produce a law for economic recovery

Business groups 'appalled' as officials violate rules while Filipinos suffer

Jun 01, 2020 - 3:15 PM

The Makati Business Club and 8 other groups slam officials for breaking quarantine rules 'with impunity'

Small businesses give back despite their own struggles

May 26, 2020 - 5:50 PM

Undeterred by the grave impact of the enhanced community quarantine on their businesses, these restaurants step up to support healthcare workers

FRONTLINERS. Recipients of Project Nourish at Jose Fabella Memorial Hospital. Photo courtesy of The Moment Group.

Hong Kong leader tries to reassure investors rattled by China law

May 26, 2020 - 11:27 AM

Beijing wants to enact legislation banning 'seccession, subversion, terrorism and foreign interference' in the international finance hub after months of massive, often-violent pro-democracy protests last year

ARREST. Police officers arrest a pro-democracy demonstrator (C) during a pro-democracy protest calling for the city's independence in Hong Kong on May 10, 2020. Photo by Isaac Lawrence/AFP

Avatar robots at graduation? Japan pioneered them

May 24, 2020 - 9:01 AM

A public school in Taguig is the first in the Philippines to dress robots in toga to represent its graduates. The first in the world to do that was a university in Tokyo.

SUBSTITUTES. ‘newme’ avatar robots representing graduates of the Business BreakThrough University in Tokyo exit the stage after receiving diplomas from president Kenichi Ohmae on March 28, 2020. Photo from the BBT University website

Double whammy: BPO employees get exposed to COVID-19, lose income

May 19, 2020 - 7:33 PM

BPO workers who get exposed to the virus while on the job have to quarantine themselves without regular pay

Photo from Shutterstock

Wave of coronavirus bankruptcies poses next threat to U.S. economy

May 14, 2020 - 3:00 PM

Many firms now bleeding cash are in for a tough ride until the economy fully rebounds, which likely will come only after a coronavirus vaccine is developed and widely used

CLOSED. A homeless man walks past closed stores in the Fashion District in Downtown Los Angeles, California, on April 2, 2020. Photo by Apu Gomes/AFP

Los Angeles stores take tentative steps in reopening for business

May 09, 2020 - 9:45 AM

Some retailers are allowed to get back to business in California, but face uncertainty in the wake of economic losses caused by the coronavirus lockdown

Jasmine Garden flower shops owner Zohrab Mahdessian prepare his orders delivery and curb pick up amid the Covid 19 pandemic, May 8, 2020, in Los Angeles, California. - Zohrab Mahdessian opened again his Los Angeles florist shop on May 8, 2020 after five weeks closed for the coronavirus. California authorities decided to relax the lockdown imposed by the pandemic, allowing some businesses to resume operations.And for Mahdessian the timing couldn't be better: On Sunday is Mother's Day in the United States and orders are pouring in. (Photo by VALERIE MACON / AFP)

As U.S. reopens, businesses want protections from lawsuits

May 06, 2020 - 10:45 AM

The family of a Walmart worker who died of the coronavirus is suing the company, claiming that it failed to sanitize stores and protect employees

HIRING. A Walmart store in Las Vegas, Nevada. Photo from Shutterstock

Mnuchin says U.S. to audit virus relief loans after outcry

Apr 29, 2020 - 8:00 AM

'For any loan over $2 million, the [Small Business Administration] will be doing a full review of that loan before there is loan forgiveness,' says United States Treasury Secretary Steven Mnuchin

HALTED. A normally busy Main Street is deserted as the small businesses that line the business district in Rockton, Illinois, remain closed on March 24, 2020. Photo by Scott Olson/Getty Images/AFP

Group champions inclusive food supply chain during lockdown

Apr 25, 2020 - 4:27 PM

What started as an experimental run with farmers of Tublay, Benguet, resulted in the successful sourcing of over 200 tons of fresh produce direct from farmers and fisherfolk organizations

VEGETABLE PACKS. Residents help out in packaging vegetable packs in Tublay, Benguet. Photo by Jeffrey Sotero of Tublay LGU.

U.S. bars larger firms from SBA loans after uproar

Apr 24, 2020 - 8:00 AM

Companies that inappropriately received funding under the Paycheck Protection Program have until May 7 to return the funds to the US Small Business Administration

UPSCALE RESTAURANT. A branch of Ruth's Chris Steak House in Anaheim, California. Photo from Shutterstock

Virus pounds global businesses, Netflix and soap aside

Apr 23, 2020 - 10:00 PM

While certain industries are seeing a boost, most other sectors are posting plunging profits due to the coronavirus pandemic

U.S. loan program under fire as Shake Shack returns SBA money

Apr 20, 2020 - 11:40 PM

(UPDATED) The United States' Paycheck Protection Program is touted as a lifeline for mom-and-pop businesses, but has faced questions about whether too much of the money is going to better-connected firms

WORLDWIDE CHAIN. A Shake Shack branch in New York City. Photo from Shutterstock

Virus wipes away Afghan toilet-paper maker's expansion plans

Apr 20, 2020 - 12:10 PM

While demand for toilet paper has surged, an Afghanistan businesswoman's factory is set to suspend operations as it is running out of raw material

(FILES) In this file photo taken on January 22, 2008 Afghan boys selling toilet paper wait for customers in Kabul. - Afghan toilet paper entrepreneur Zuhal Atmar overcame patriarchy and security threats to build a business that was set to go global due to a coronavirus-induced shortage. But then, the supply of her key raw material -- trash -- dried up. The COVID-19 pandemic has triggered a lockdown in Kabul since March 2020, forcing scavengers off the streets and slashing access to the waste paper and cardboard which Atmar recycles into pink-and-white loo roll. (Photo by Shah MARAI / AFP) / TO GO WITH AFP STORY Afghanistan-virus-gender-business-environment-cleanup by Ammu KANNAMPILLY

U.S. says loan program aided 1.6 million small businesses

Apr 18, 2020 - 7:30 AM

The $349 billion allocated to the United States' Paycheck Protection Program goes to 1.6 million small businesses. There are talks on additional funding.

ALMOST EMPTY. A man walks across Wisconsin Avenue in the normally busy shopping district of Georgetown in Washington, DC, on March 23, 2020. Photo by Mandel Ngan/AFP

[OPINION] When is a company's CSR program authentic or just window dressing?

Apr 17, 2020 - 11:00 AM

'Does the company desperately embrace the limelight? Does it spend more on the promotion of the donation than on the donation itself?'

U.S. agency out of stimulus money for key small business loans

Apr 17, 2020 - 10:00 AM

'In less than 14 days, the SBA has processed more than 14 years [worth] of loans,' says US Small Business Administration chief Jovita Carranza

CLOSED. Picnic tables block the closed doors of Abbey Burger Bistro in Baltimore, Maryland, after Maryland Governor Larry Hogan banned dining at area establishments due to the coronavirus outbreak. Photo by Jim Watson/AFP

PSA workers exempted from lockdown to gather data, do surveys on coronavirus

Apr 12, 2020 - 2:35 PM

The Philippine government also allows business process outsourcing and export-oriented companies to install the equipment necessary to implement a work from home scheme

LOCKDOWN. Motorists line up to get their temperature checked at a checkpoint along the Batasan Road-San Mateo border on March 16, 2020. Photo by Jire Carreon/Rappler

U.S. small businesses seek $5.4 billion in virus relief loans

Apr 05, 2020 - 7:00 AM

Companies that receive the money and do not fire their workers – or that otherwise rehire those they have laid off – will have their debt forgiven

CLOSED. A nail salon in New York City sits closed during the coronavirus outbreak on March 20, 2020. Photo by Victor J. Blue/Getty Images/AFP

[OPINION] Our BPO workers are essential in this pandemic

Apr 01, 2020 - 2:33 PM

'From solving internet problems, to taking food orders, to answering insurance inquiries and government service-related questions, there will always be a contact center agent ready to help you solve your problems in the midst of this pandemic'

[OPINION] Business unusual: When the business community responds to a virus

Mar 30, 2020 - 2:11 PM

'We will see in the days ahead whether workers will be made to bear the brunt of the COVID-19 disaster. If employers act badly, the government must step in to correct the wrong.'

Groups urge gov’t, companies to prioritize BPO workers’ welfare amid pandemic

Mar 24, 2020 - 7:20 PM

As the Luzon lockdown continues, many workers in BPO companies are forced to head to their offices due to a lack of flexible work arrangements and to maintain job security during the coronavirus outbreak

Photo from Shutterstock

FAST FACTS: Employees, businesses in Metro Manila

Mar 14, 2020 - 3:24 PM

Thousands of businesses and millions of employees are based in the National Capital Region

Metro Manila on August 30, 2017. Photo by Alecs Ongcal/Rappler

[OPINION] With the coronavirus crisis, it's business unusual

Mar 13, 2020 - 1:41 PM

'Allow the scare to go on long enough and only the businesses with adequate capital and little debt will be able to see the end of the tunnel'

Vico Sotto shuts down foreign-owned businesses without permits

Mar 07, 2020 - 8:48 PM

The Pasig City mayor says businesses can operate within the city as long as they have valid permits

CLOSED. Pasig City padlocks an establishment without permit to operate. Photo from Pasig City Mayor Vico Sotto's Facebook page

Organizations, businesses collaborate for PWD inclusivity in the workplace

Feb 27, 2020 - 1:45 PM

PRESS RELEASE: Philippine Business and Disability Network works towards more inclusive and barrier-free workplaces for Persons with Disability

ACCEPTANCE. AccessiWheels founder Miggy Bautista shares his PWD journey during the Philippine Business and Disability Network launch on January 28. Photo courtesy of Project Inclusion Network

Duterte orders agencies to eliminate 'overregulation'

Feb 27, 2020 - 1:40 PM

President Rodrigo Duterte's Administrative Order No. 23 compels national government agencies to report how they are cutting red tape

Makati Business Club: 'Strong' U.S. ties important for PH economy, security

Feb 21, 2020 - 4:59 PM

The Makati Business Club expresses concern over the termination of the Visiting Forces Agreement with the United States, saying it may 'affect other security agreements'

ALLIES NO MORE? The Philippine and US flags during the opening ceremony of the yearly Balikatan joint military exercises in April 2016. File photo by Ted Aljibe/AFP

Business groups call for ABS-CBN franchise renewal

Feb 18, 2020 - 3:40 PM

(UPDATED) The business groups note the critical role of a free press in economic development

[OPINION] Disrupting disruption

Feb 11, 2020 - 3:15 PM

'It is interesting that a guru to actual and aspiring billionaires wraps up his career by thinking, writing, and talking about doing good, not well, and helping the poor'

Golpe de gulat: This week's outlook

Jan 21, 2020 - 1:08 PM

Golpe de gulat is the Duterte administration's tool in telling the business elite that their time is up, that the future belongs to a new oligarchy

[OPINION | Point of Law] Challenges in business that cannot scare us

Jan 17, 2020 - 9:52 AM

The message from the world is clear: unless we in the Philippines shape up, foreign investors will continue to view us as an unworthy investment destination

2020 budget: A year of compromises

Jan 09, 2020 - 4:01 PM

Part 2: This year's budget is far less controversial than 2019, but to achieve that, compromises were made. Will it be worth it?

2020 budget: Where will the money go?

Jan 08, 2020 - 9:53 PM

Most departments gain substantial increases in 2020's P4.1-trillion national budget, as the government recuperates from the effects of the 4-month budget delay in 2019