The BDO leader holds a MBA from the Wharton School of the University of Pennsylvania and Bachelor’s degree in Business Administration from the University of the Philippines. Outside of BDO, he helps the PSE, the Bankers Association of the Philippines (BAP), and the Philippine Dealing & Exchange (PDEX) with their product launches and rule changes from time to time.
Francisco is a recipient of the Financial Management Excellence from the University of the Philippines and the Distinguished Alumnus Award from the U.P. College of Business Administration. He was honored by BizNewsAsia as one of the Nation Builders and was an Asia Leaders Awards’ Mentor of the Year finalist. (PR)
First Filipino recipient. Eduardo Francisco, President of BDO Capital & Investment Corporation, was awarded by financial publication Alpha Southeast Asia with the prestigious Achievement Award for Contribution to Local Capital Market during its 15th Annual Best Deal & Solution Awards 2021. He is the first Filipino recipient and only the third awardee in 15 years.
TVS motor company with its trade ally and partner Rhean Motor Center Inc. (RMCI) opens its newest flagship lifestyle store located in Bulua High Way Cagayan de Oro City.
The store has officially opened its doors to the public on May 5, 2022 to cater the growing demand of TVS three-wheeler, the TVS King Euro (tricab) as it dominates the Mindanao Market.
(photo by steph berganio)
The company also expedites the promotion of lifestyle products such as Ntorq and RR 310 which offer affordable option for personal transportation in two-wheeled delivery sector.
Aside from its strategic location, it offers a more accessible space for clients, features a bigger and better office space, showroom and servicing facilities.
The grand opening was graced by Mr. J J Thangarahan, the President Director of PT TVS Motor Company together with Rhean Motor President Engr. Edgar Lao; Operation Manager Mr. Wilmer Bilbao and Mr. Vaibhav Srivastava, TVs Regional Busines Head.
General Manager Engr. Edgar Lao said that they are planning to open more branches in Northern Mindanao and soon they will open its branch at El Salvador City, Misamis Oriental were the three wheeled vehicles are allowed by LGUs to travel.
“With the on-going implementation of Government rules and regulations, it is our edge among other players that TVs King meets Euro 4 Emission Standard for Sustainability and environment-friendly requirements,” he said, assuring that their products are only of good quality compare to other brands. “Hindi ka magsasayang ng pera, nakikita niyo ang quality….it can travel on terrains.” He added.
The TVS brand conjures market leadership in the country and provides total costumer satisfaction.
As online scammers remain on the prowl for potential victims, BDO Unibank advises its clients and the banking public in general to follow this simple caution: if you didn't join any contest, you didn't win anything. Don't fall for offers that are too good to be true because they most probably are not true.
Scammers are calling account holders informing them about a prize they allegedly won and encouraging them to open an Online Banking account to redeem it. These scammers will be offering their help and asking the victim to activate it using a code they will be providing.
However, the Bank bared that this supposed offer to "help" or "assist" account holders in opening an online banking account is just a modus by scammers to get direct access to their would-be victims' bank account.
BDO warns clients that if they have an online banking account, scammers may try to take over their account through email or phone scam by offering higher daily transfer limit, stronger account security, or other enticements.
"They will trick you into allowing a third-party account to be enrolled to your Online Banking account through ATM activation," the Bank said.
Once this is done, BDO explained that scammers will be able to fully take over the victims' account and steal their money.
"Don't instantly fall for promising rewards or other enticements that will lead you to share your account details to others," the Bank stressed. "BDO will never ask you to activate your Online Banking account via ATM to claim rewards or upgrade your account/ATM. Also, do not let others assist you in opening an online banking account or activate it via ATM.”
“ATM activation is required only when account holders initiate the Online Banking or third-party account enrollment themselves,” the Bank added.
BDO encourages clients to report suspicious incidents to [email protected] or get in touch with its representatives by logging in Messenger and looking for BDO Customer Care with the blue verified checkmark from Facebook. Clients may also call its hotline at 8631-8000 or email at BDO at [email protected]. (PR)
BDO Unibank, Inc. (BDO) posted a 13% year-on-year (YoY) increase in net income to
P11.7 billion for the 1Q 2022, driven by the Bank’s core businesses.
Loan portfolio rose by 7% to
P2.4 trillion on strong demand from corporate borrowers, the recovery in the middle market, and the resilience of the consumer segment. Deposits went up to P2.8 trillion driven by the 11% YoY increase in Current Account/Savings Account (CASA) deposits, now comprising ~86% of total deposits. This resulted in net interest income of P33.9 billion, 6% higher than a year-ago.
Non-interest income increased by 9% to
P16.7 billion, driven by fees and insurance premiums. Trading and forex gains were in line with normalized business levels.
Operating expense (OPEX) growth was manageable at 3% YoY to
Asset quality continued to improve with NPL ratio down to 2.72% from 2.81% last year. The Bank maintained its conservative credit and provisioning policy with provisions at
P3.7 billion compared to P2.9 billion a year-ago, resulting in higher NPL coverage at 120.8%
Total capital base strengthened to ₱429.9 billion, with the Capital Adequacy Ratio (CAR) and Common Equity Tier 1 (CET1) Ratio both increasing to 14.6% and 13.5%, respectively, comfortably above regulatory minimum.
BDO’s Return on Common Equity (ROCE) for the 1Q 2022 increased to 11.09% from 10.56% in the same period last year. The Bank’s Book Value per common share rose to
P96.47 as of end-March 2022 for a 7% year-on-year growth.
BDO’s sustained earnings performance, robust business franchise, and solid capital base place the Bank in a good position for long-term sustainable growth. (PR)
Key highlights are: Core businesses maintain their growth momentum, and Asset quality improves with economic reopening and increased mobility.
HAPAG NG PAMANA is organized by Infinite Lotus Productions. It is supported by Ayala Centrio Mall, Department of Tourism Region X, and COHARA. It celebrates Cagayan de Oro City and Northern Mindanao Food Culture and Heritage for Filipino Food Month or Buwan ng Kalutong Filipino.
On April 23 & 24, 2022 from 10:00 am to 9:00 pm at the Activity Center, Ayala Centrio Mall the culinary history, cultural heritage and resources of the Philippines will be celebrated through artistic freedom and expression. This will preserve and protect culinary tradition and ensure that it is passed on to the next generation.
The component activities of this two-day event are the Food Expo entitled“Hapag ng Pamana” featuring our Regional Culinary Heritage in Northern Mindanao, film shows of winning entries from the Culinary Cinema 2021, cooking demos by select establishments featuring heirloom dishes, a digital exhibition of food art photography, and a showcase of artistic performances.
This is in fulfillment of Proclamation no. 469 s. 2018 declaring the month of April as “Filipino Food Month” or “Buwan ng Kalutong Filipino.”
Here are the event components and their schedules:
A.Food Expo | Exhibit
April 23 – 24, 2022 | 10:00 am to 9:00 pm
B.Cooking Demonstration and Organization Promotion
April 23 - 24, 2022 | 12:00 pm | 1:00 pm | 2:00 pm | 5:45 pm (on April 24 only) | 6:50 pm
C.HAPAG NG PAMANA Opening Program
April 23, 2022 | 4:30 pm
D.Lecture Presentation on CDO and Northern Mindanao Food By COHARA
April 23, 2022 – 5:30 pm
April 23, 2022 | 10:15 am – 11:45 am
April 24, 2022 | 10:15 am – 11:45 am
F.Culinary Treasures of Cagayan de Oro City – Digital Exhibit
April 23, 2022 | 3:00 pm to 4:00 pm
April 24, 2002 | 3:00 pm to 4:00 pm
April 24, 2022 | 4:30 pm
April 23, 2022 | 7:30 pm – 8:30 pm
April 24, 2022 | 7:30 pm – 8:30 pm
The food exhibitors are Babu Kwan, Bigby’s Café, Boy Zugba, Café Alindanaw, Culinary Institute of Cagayan de Oro (CIC), Ginama, Happy Greens Plantshop, Jamaican Coffee, Liceo de Cagayan University, Lin’s Kitchen, Loretta’s Empanada, Manzano Farm, Missy Bon Bon, Pagmaya Chocolate, RJ Agricultural Products, The VIP Hotel, Tropiquantes, Turon Diaries, and Vineyard International Polytechnic College.
The fringe performances are by Jhel, and Bel G. Sarmiento & Dawid Rosh Mahilum. There will also be performances by Dream Board Artists Jessa Bernaldez and Nick Ramsis on the opening and closing programs of HAPAG NG PAMANA – Celebrating Cagayan de Oro City and Northern Mindanao Food Culture and Heritage.
The pandemic has urged many Filipinos to correct their “bahala na” or “what will be, will be” attitude, and make adequate preparations for their future.
They may have successful businesses, good jobs, nice houses, cars, happy families—however, their experience from facing COVID-19 has taught them that all these could easily be compromised. The pandemic has made more Filipinos more vigilant to protect their and their loved ones’ welfare.
BDO Life, a wholly-owned subsidiary of BDO Unibank and an emerging leader in the life insurance industry, has started conversations among Filipinos about the importance of creating a Plan B in the form of a life insurance policy.
According to BDO Life, one’s education, income, business, investments, and savings make up Plan A. For Plan A to succeed, one will need to stay healthy, energetic, and alive long enough to complete these financial goals. This, of course, isn’t possible.
“Rather than leave the fate of your family to ‘bahala na,’ you, as the provider, can create a Plan B or safety net. A life insurance policy is the only financial instrument that will answer for your family’s expenses and emergency needs for a desired period of time, if you prematurely pass away,”said the life insurance firm said.
“With a Plan B in place, you employ the ‘bahala na’ attitude in the best sense: ‘Bahala na. May Plan B ako. Anuman ang mangyari, may sasagot sa pamilya ko!’” (PR)
May Plan B ka na ba? Instead of relying on “bahala na,” secure your family’s future by creating a Plan B in the form of a life insurance policy. See how BDO Life can help you prepare for life’s what if’s here: www.bdo.com.ph/bdolife/we-
Ford Territory reaches 10,000th customer milestone with sales reaching 10,758 units since launch
MANILA, Philippines – Ford Philippines delivered robust sales in the first quarter of the year, with sales reaching 4,634 units led by the Ford Ranger and Ford Territory.
On a monthly performance, retail sales reached 1,931 units in March, or a 13 percent increase from March of last year. Leading the month’s sales is the Ford Territory, which posted its best-ever retail sales in March with 904 units, or a 51 percent increase from a year ago.
With its strong retail performance in the previous quarter and in the previous month, the Ford Territory remained the leader in the small SUV segment, with an average quarterly market share of 54 percent and a 63 percent market share in March.
“We are off to a great start this year as we see the growing popularity of our Ford vehicle lineup among our customers, particularly the Ford Territory which continues to be one of the best-selling SUVs in the market today,” says Mike Breen, managing director, Ford Philippines. “With the easing of travel restrictions and increased demand for safe mobility, we are optimistic that we will maintain the momentum in the next quarter together with our Ford dealers nationwide.”
10,000th sales milestone
The Ford Territory also reached its 10,000th customer milestone at the end of the first quarter, with sales reaching 10,758 units since its launch in August 2020. Ford’s small SUV first achieved its 5,000th sales milestone in June last year, then celebrated its 8,000th sales milestone in November.
“Our 10,000th Ford Territory sales milestone is truly an outstanding feat and would not be possible without the immense support from all Ford Territory owners. We are very excited for what’s to come for the Ford Territory in the country, and we look forward to seeing more Filipino customers own the moment with the Ford Territory.”
With its sleek and stylish design, impressive performance, and driver-assist technologies, the Ford Territory has become the new standard for small SUVs. The growing community of Ford Territory owners have lauded its capabilities and features, which include the panoramic moonroof, 360-Degree Around View Monitor, Blind Spot Information System, 10-inch infotainment system, and Apple Carplay with wireless connectivity feature and Android Auto Capability.
Ford Philippines is set to sustain its momentum with the launches of the next-generation Ford Ranger and next-generation Ford Everest in the second half of the year, alongside new customer service innovations that will enhance the ownership experience.
Globe has further intensified its drive against illegal streaming and downloading of content as the Philippines, together with Vietnam and Malaysia, again topped the list of Asian countries with the highest piracy rates.
Piracy has been a lingering problem around the world, posing a danger to the viability of businesses and the livelihood of content creators, and also exposing users to malware and other online threats.
“The ill-effects of online piracy cannot be underestimated. Globe continues to ramp up initiatives to mitigate, if not fully stop piracy, and make a positive societal impact. We also work with coalitions and partners like the Asia Video Industry Association (AVIA) and the IPOPHL to help address these challenges,” said Anton Bonifacio, Globe Chief Information Security Officer.
The recent YouGov 2022 Piracy Landscape Survey commissioned by AVIA’s Coalition Against Piracy (CAP) revealed that 61% of local respondents have consumed pirated content. Their primary sources are social media and messaging platforms at 44 percent.
Movie snippets are usually shown on Facebook and TikTok, while pirated content is sold in the Facebook marketplace. People also share illegally downloaded materials via messaging apps such as Telegram.
Other sources of pirated content include streaming and torrent sites at 20% and illicit streaming devices and apps, also at 20%.
While piracy continues to be a major concern in the country, there remains a high consumption of legal content. The survey showed that 81% of respondents said they consume content through legitimate platforms, although the figure is still the lowest in the region.
AVIA is now looking at commissioning YouGov to conduct the survey at the end of every year to help identify where, how, and why consumers are accessing illegal content and the impact of enforcement actions. It is also talking with social media platforms to discuss the possibility of taking down pirated content.
“The Philippines not only has one of the highest piracy consumption rates in the Asia Pacific region, but the lowest consumption rate of legitimate content from those countries surveyed. However, there is hope. The Philippines also has the highest percentage of consumers who would use legitimate content if their access to pirate services was blocked, and the highest percentage of consumers in the region in countries that do not currently block pirate sites who believe that blocking pirate sites is the best measure to reduce piracy,” said CAP General Manager Matthew Cheetham.
“With these factors in mind, we encourage the Philippine government to urgently amend the current copyright legislation to allow for an efficient and effective regulatory site blocking regime,” he said.
On the other hand, Globe educates its customers on how to become responsible and intelligent custodians of content since the launch of the #PlayItRight campaign in 2017. The initiative cuts across several industries such as film, music, gaming, digital literacy, and education.
Aside from blocking confirmed illegal piracy sites, the campaign makes consumers aware that piracy websites can be hotbeds for illegal online activities, malware, and other cybersecurity threats.
Through its Digital Thumbprint Program, Globe has maximized its influence within the education and entertainment sectors. The advocacy has been integrated into the K-12 curriculum of the Department of Education in 2019.
Globe supports efforts to modernize the country’s intellectual property law, with several bills pending in Congress that aim to boost protection of intellectual property rights. Among the amendments sought is granting greater power to the Intellectual Property Office of the Philippines to take down or block online sites violating copyright laws and penalize violators with steeper fines.
In line with its campaign for a safer Internet, Globe also hopes to see the enactment of the bill amending the law which penalizes online sexual abuse and exploitation of children, which Congress is expected to ratify within the year. The measure aims to expand child protection against cyber threats and address gaps in existing laws such as the Anti-Child Pornography Act, the Special Protection of Children against Abuse, Exploitation and Discriminaton Act, and the Anti-Trafficking in Persons Act.
Globe supports the United Nations Sustainable Development Goals, particularly UN SDG No. 9, highlighting the roles of infrastructure and innovation as crucial drivers of economic growth and development. It is committed to upholding the UN Global Compact principles and contributing to 10 UN SDGs.
Globe readies Libreng Tawag, charging stations
Power failure has affected access to calls, text and data connectivity in several towns in Visayas as Tropical Depression Agaton continued to cross the Philippine land mass.
As of 9 a.m. on Monday, April 11, call and text service outages were reported in 24 towns in Leyte, 16 in Southern Leyte, 10 in Bohol and 4 in Cebu while data connection (3G and LTE) were affected in 24 towns in Leyte, 15 in Southern Leyte, 10 in Bohol, and 2 in Cebu.
The initial landfall of slow-moving Agaton hit Guiuian, Eastern Samar as a tropical storm early Sunday morning. It has since weakened into a tropical depression, but state weather bureau PAGASA is expecting a second landfall.
Globe is also readying its Libreng Tawag and Libreng Charging stations in storm-hit areas as soon as it is safe to do so.
Globe is likewise monitoring the track of another weather system, Tropical Storm Malakas, which has been brewing off Eastern Mindanao outside the Philippine area of responsibility.
As part of its intensified disaster preparedness program, Globe assures the public that its technical and support personnel are always on call to immediately restore communication services as needed in affected areas.
Globe advised residents on the storm’s path to stay tuned to PAGASA updates and heed local government units’ evacuation calls. It urged residents to store enough food and water for the entire family (including pets), prepare emergency supplies and kits, keep extra batteries for their flashlights, and charge their mobile phones.
Globe is prepared to activate existing GoWiFi facilities to provide additional internet connection in nearby areas as the need arises.
“Globe stands ready to support and help its customers and local communities during times of disasters. Our service and technical teams will do what is necessary to keep our customers connected,” said Yoly Crisanto, Globe Chief Sustainability Officer and SVP Group Corporate Communications Officer.
Globe, likewise, provides its customers free data access to the website of the National Disaster Risk Reduction and Management Council (NDRRMC) and PAGASA for updates. The company is urging Filipinos to only tune in to legitimate and trusted news sources for correct information.
Globe remains steadfast in its commitment to support Filipino communities in line with the United Nations Sustainable Development Goals, particularly UN SDG No. 9, which highlights the roles of infrastructure and innovation as crucial drivers of economic growth and development.
To know more about Globe’s sustainability initiatives, visit https://www.globe.com.ph/about-us/sustainability.html.
BDO Unibank won the Bank of the Year in the Philippines at the recently held Bank of the Year Awards 2021 of The Banker.
The London-based financial publication has commended the digital solutions deployed by BDO Unibank in 2021, stating that the modernization prompted better customer service, increased resiliency, and enhanced cybersecurity.
The deployment of the digital solutions has allowed bank clients to open accounts online, make paperless in-branch transactions, and do card-less ATM banking using biometrics or QR Codes. Moreover, they can now link together their BDO accounts in one mobile wallet called BDO Pay, and make online peer-to-peer and consumer transactions easier and faster.
The Banker pointed out that all these efforts allowed “[greater efficiency and] faster turnaround time on transactions as well as greater access to banking systems through an increased number of channels and touchpoints.”
It also lauded BDO’s continued efforts to cater to various customer segments, through the bespoke wealth management products of its subsidiaries: BDO Private Bank, BDO Trust and Investment, BDO Prime, and BDO Securities.
BDO President & CEO Nestor V. Tan added, “We will continue to broaden our market reach to improve customer access and strengthen our presence in underserved areas through BDO Network Bank’s branch expansion outside Metro Manila, complemented by our digital capabilities.”
This is the 4th time BDO received the Bank of the Year in the Philippines Award from The Banker. Previously, it held the title in 2013, 2017, and 2019. (PR)
Finding ways for Filipinos. London-based financial publication The Banker named BDO Unibank as the Best Bank in the Philippines in 2021 for deploying digital solutions that allowed better customer service, increased resiliency, and enhanced cybersecurity.
BDO Unibank, Inc. (BDO), has disclosed plans to increase the capital position of its rural banking arm BDO Network Bank (BDONB), by up to P2.0 billion, to be funded through the issuance of primary common shares.
The capital increase will allow BDONB to support the sustained expansion in its salary loan and micro small & medium enterprises (MSME) portfolios, which have a compounded annual growth rate (CAGR) of 28% over the last 3 years to P37 billion. Further, this will enhance BDONB’s ability to cover and serve more markets, particularly the unbanked and the underserved segments of the population.
BDONB’s major shareholders, BDO, with an 85% stake, and Osmanthus Investment Holdings Pte. Ltd, with a 15% stake, have committed to participate in the capital-raising activity up to their proportionate shares. The capital plan will be implemented through periodic subscriptions of primary common shares up to P2.0 billion.
The capital-raising plan will be subject to regulatory approvals.
While BDONB has experienced strong growth in recent years, there is no guarantee that BDONB will be able to continue with a similar growth trajectory. (PR)
"May Cash Agad sila, kaya nasabi ko noon meron palang ganyan? Kasi nga, galing ako sa iba't-ibang lugar at nakita ko na walang ATM sa mga lugar na yun. Paano na lang yung may pamilya sa abroad, paano nila (overseas Filipino) ipapadala yung pera nila (sa pamilya sa probinsya)? Kapag may Cash Agad partner store na malapit sa inyo, maiwiwithdraw mo ang perang padala sa bank account mo. Ang galing,” ani Hidilyn.
Nagkalat na ang mga Cash Agad partner stores ng BDO na may micro, small o medium-sized na negosyo sa malalayong lugar. Kabilang sa mga ito ang mga sari-sari store, botika, bakery, pawnshop, hardware store, water refilling station at iba pang karaniwang negosyo sa mga probinsya.
"Pag may Cash Agad sa lugar nyo, hindi mo na kailangang magbyahe nang malayo para lang makapag-withdraw kasi syempre sa probinsya malalayo ang lugar. Magco-commute ka pa para makapunta sa pinakamalapit na bangko sa city. Nakagastos ka na, ubos pa ang kalahating araw mo," dagdag pa ni Hidilyn.
Sa Cash Agad, ang isang cardholder ay makaka-withdraw ng hanggang PHP10,000. Ang maximum withdrawal amount kada araw ay depende sa limit ng issuing bank.
May benepisyo rin ang Cash Agad sa mga partner-agent dahil dagdag kita ito sa kanila mula sa convenience fee kada withdrawal. Bukod dito, sa bawat punta ng cardholder para mag-withdraw, malaki rin ang posibilidad na bumili pa ang customer at maging suki ng kanilang tindahan. Wala ring franchise fee para maging Cash Agad partner-agent sa kasalukuyan.
Para sa mga kabayang interesadong maging Cash Agad partner-agent para magka-extra income, magpunta lang sa Cash Agad website (www.bdo.com.ph/cash-agad-application), o tumawag sa hotline (02-8840-7575; domestic toll-free number 1-800-10-840-7575) o mag-email sa Cash Agad Sales Team email address ([email protected]). (PR)
Bilang isang first-time small business owner, at ngayon ay business management scholar, may ilang tips si Olympic gold medalist Hidilyn Diaz para sa gustong negosyo.
Una, araling mabuti ang negosyong papasukin. Mag research muna tungkol sa pagnenegosyo.
“Mas okay na alam natin ‘yong pinapasok nating business. Dapat pinag-aaralan muna.” kwento ni Hidilyn.
Pangalawa, humanap ng mentor sa pagnenegosyo. Sa propesyon ni Hidilyn na weightlifting, mayroon siyang coach na gumagabay. Ganon din sa pagnenegosyo.
Pangatlo, alamin ang mga oportunidad para sa negosyo. Ang additional capital ay hindi kailangan manggaling lamang sa savings o sa kamag-anak at kaibigan. Maaari ring kumuha ng pondo mula sa bangko.
Ayon kay BDO Network Bank (BDONB) senior vice president at MSME group head Karen Cua, "Ang BDONB ay bangko para sa micro-entrepreneurs. Sa tulong ng aming Kabuhayan Loan, napopondohan namin ang pangangailan ng negosyante sa kanilang business operation at expansion.”
Tulad ng ginawa ni Pio Conti ng Laguna, ginamit niya ang Kabuhayan Loan para bumili ng additional stocks ng paninda.
At para kina Yolanda Arranquez at asawang OFW, malaking tulong ang Kabuhayan Loan para madagdagan ang kita.
Malaking tulong ang BDO Network Bank Kabuhayan Loan kina Pio Conti ng Laguna at Yolanda Arranquez ng Davao para mapalago ang kanilang negosyo at matupad ang kanilang mga pangarap.
Para sa iba pang impormasyon tungkol sa Kabuhayan Loan, bumisita sa pinakamalapit na BDO Network Bank branch, o mag-inquire sa BDO Network Bank PH official Facebook page o sa BDO Network Bank website. (PR)
Aerial shot of Musuan Peak in Maramag, Bukidnon. FDC Misamis Power Corporation and Central Mindanao University signed a memorandum of agreement to develop the area into a man-made forest to help reduce carbon footprint. Photo supplied
Bukod sa pagiging champion weightlifter, si Hidilyn Diaz ay isa ring micro-entrepreneur o maliit na negosyante. Sa isang interview, nakuwento niya kung bakit malaking tulong ang paglo-loan sa mga Overseas Filipino (OFs) na may negosyo.
“Okay lang ang mag-loan kasi it gives you the motivation to do well every month. Kapag alam mong may binabayaran ka buwan-buwan, pag-iigihan mo ang pagpapalago ng negosyo,” sabi ni Hidilyn.
Hindi maiiwasan na may mga ilang OFs at maging ang kanilang beneficiaries ang naniniwalang hindi maganda ang may utang. Kaya pati tuloy ang ipon o emergency fund na tinatabi nila ay nagagamit para patakbuhin ang negosyo. Ngunit ayon sa ilang financial experts, hindi dapat ginagalaw ang emergency fund. Mas wais ang mag-loan, lalo na kung ito naman ay “good loan”.
Good loan vs. bad loan
Bilang isang micro-entrepreneur, naging interesado si Hidilyn na dagdagan ang kanyang kaalaman sa entrepreneurship. Sa kanyang pag-aaral, mas naintindihan niya ang pagkakaiba ng good loan at bad loan.
Sa good loan, ang perang inutang ay makakatulong sa pagpapalago ng income at wealth. Ang halimbawa nito ay ang loan para mag-invest sa properties na tumataas ang halaga o value tulad ng bahay o lupa.
Ang bad loan naman ay ang loan para sa mga bagay na nagde-depreciate o bumababa ang value. Halimbawa nito ay mga sasakyan at gadgets.
Ayon kay Karen L. Cua, senior vice president at MSME group head ng BDO Network Bank, ang loan para sa negosyo ay isang halimbawa ng good loan. Kung ang loan ay gagamiting pandagdag sa pagbili ng stocks sa tindahan, pagbili ng equipment, o kaya’y para sa business expansion, makakatulong ito sa pagpapalago ng negosyo at kita.
Kabuhayan Loan para sa mga OFs at beneficiaries
Ang BDO Network Bank (BDONB), ang community bank ng BDO, ay may MSME loan o Kabuhayan Loan na dinisenyo para sa mga OF at kanilang mga kamag-anak na may negosyo.
Maaaring mag-loan ng PHP30,000 hanggang PHP1 milyon ang mga micro-entrepreneur na nais palaguin ang kanilang business. Dahil sa abot-kayang monthly installment options, hindi rin mahihirapan ang mga borrowers sa pagbabayad.
Paalala ni Cua, ang paglo-loan ay kailangang pinagpaplanuhan para maingatan ang credit status. Mainam na mag-loan lamang ng halagang kailangan para sa negosyo. Mas madali ring makapag-loan ulit kung nababayaran ito on time.
Para sa mga OF o kamag-anak ng mga OF na nangangailangan ng dagdag-pondo para mapalaki ang maliit na negosyo, bumisita lang sa pinakamalapit na BDO Network Bank branch, BDO Network Bank PH official Facebook page o sa BDO Network Bank website para mag-apply ng Kabuhayan Loan. (PR)
BILANG isang atleta, alam ni 2020 Olympic gold medalist Hidilyn Diaz kung gaano kahalaga ang magkaroon ng epektibong team na gumagabay sa kanya, lalo na sa isang individual sport tulad ng weightlifting. Sa oras ng laban, walang ibang sasandalan si Hidilyn kundi ang sarili niya. Subalit malaking tulong din ang nabibigay ng mga coaches at trainers niya sa bawat paghahanda niya sa mga competition.
Sa larangan ng pagnenegosyo, ganito rin ang diskarte ni Hidilyn. Kabilang sa mga reward na natanggap ni Hidilyn mula sa ilang Philippine corporations sa pagkapanalo niya ng Olympic gold ay mga business franchise tulad ng dalawang outlets ng Chick ‘N Juicy chicken rotisserie franchise. Ang isang outlet ay nasa Eastwood, Quezon City samantalang ang isa naman ay nasa hometown ni Hidilyn sa Zamboanga.
Aminado siya na importante na magkaroon ng partner-bank na mayroong kakayanan at magandang track record na tumulong sa mga micro, small and medium entrepreneur (MSME) na tulad niya. Isa na rito ang pag-extend ng partner-bank ng loans na magagamit ng MSME sa pag-expand ng business nila.
"Naalala ko yung sinabi ng teacher ko sa entrepreneurship noon, na okay lang na mag-loan sa bangko para sa business," ayon kay Hidilyn. "Wag tayong matakot na mag-loan sa bangko para sa pag-expand ng business, imbes na gamitin natin yung inipon nating pera para dito. Para at least may mahuhugot pa tayo sa oras ng emergency.”
Bukod sa kanyang mga business franchise, nais din ni Hidilyn na magkaroon ng Hidilyn Diaz Weightlifting Academy at magtayo ng isang cafe.
"I'm hoping na magawa ito, kailangan talaga ng funding for this business," dagdag niya. "Importanteng magkaroon ng magaling na partner-bank na gagabay sa ‘yo though their loans at pati na rin sa mga importanteng business advice na binibigay nila."
Isa ang BDO Network Bank na masigasig na gumagabay sa mga MSME sa kanilang negosyo sa probinsya. Sa tulong ng Kabuhayan Loan ng BDO Network Bank, magagamit ng mga MSME ang pondo para makapag-expand ng kanilang negosyo.-MERLINDA CORONADO-
Kabilang din si Ernesto Abad na ginamit ang proceeds ng Kabuhayan Loan para sa pag-expand ng kani-kanilang business.
Dahil sa lockdown dulot ng pandemya, muntik nang mapilitang isara ni Ernesto ang tindahan nila sa palengke. Subalit sa tulong sa Kabuhayan Loan, nakabili pa ng karagdagang paninda si Ernesto at patuloy niyang naitataguyod ang negosyo nila.
Masugid na partner ng mga MSME ang BDO Network Bank para sa kanilang business expansion. Para ma-avail ang Kabuhayan Loan, kailangang may existing business na ang borrower sa huling tatlong taon.
Para sa karagdagang impormasyon sa Kabuhayan Loan at iba pang produkto’t serbisyo ng BDO Network Bank, bisitahin ang official website ng BDO Network Bank o ang official Facebook page nito. (PR)
Are you looking for another source of income to help your family? Or have you started some ‘side hustles’ to keep those funds flowing? Then this learn-to-earn program from Globe At Home Prepaid WiFi in collaboration with tech-giant Google is right for you!
Globe At Home Prepaid WiFi joined Google in the Google Negosyo Talk: Trending Negosyo - Usapang Online Business held last December 3. The event was perfect for those who wanted to earn extra, start an online raket, or improve their current business at home.
Favorite mompreneur and Globe At Home Prepaid WiFi ambassador Neri Miranda and YouTube content creator Madam Ely gave insights and shared their experiences and knowledge to start and grow a small online business at home.
“We know that Filipinos are always malikhain and hardworking especially for their families’ needs. This webinar is especially designed for our madiskarteng kababayan who hustles non-stop for their family. Google and Globe At Home Prepaid WiFi are here to ensure that malayo ang mararating ng business mo,” said Barbie Dapul, VP Marketing of Globe At Home.
Globe At Home Prepaid WiFi helps you go beyond internet access and to see your home as a place of security, learning, opportunities, and growth. Whether you are a Raketera At Home or want a Negosyo At Home, it ensures that you are right on track. Expect more of these exciting Negosyo At Home talks next year!
Globe At Home Prepaid WiFi is your ever-reliable digital partner for the things you want to do. For a one-time payment of P999, you can already own one with free 10GB of data. You can enjoy ultra-fast LTE, and a shareable and reloadable connection that you can share with the whole family. It is also very easy to use, just plug and play!
Globe strongly supports the United Nations Sustainable Development Goals, particularly UN SDG No. 9, highlighting the roles of infrastructure and innovation as crucial drivers of economic growth and development. It is committed to upholding the UN Global Compact principles and contributing to 10 UN SDGs.
Widest range of deals available for the Ford Ranger, Free 3-Year Scheduled Service Plan Extended for the Ford Territory This Month
MANILA, Philippines – Ring in the new year with a brand-new Ford vehicle and avail of cash discounts, low downpayment and financing options, and service freebies for the Ford Ranger, Ford Everest, and Ford Territory.
This January, customers can enjoy the widest range of deals available for the Ford Ranger pick-up truck, as well as cash discounts for the Ford Everest SUV and free service for the Ford Territory SUV.
Get as much as P100,000 cash discount for a Ranger 2.0L Wildtrak 4x2 with free 3-year scheduled service plan (SSP) for both A/T and M/T variants, and a financing offer of 0% interest up to 36 months for the M/T variant. Meanwhile, a financing offer of P98,000 all-in low downpayment or 0% interest up to 36 months is available for the Ranger 2.2 XLS 4x2 M/T variant.
A cash discount of P70,000 is up for grabs for the Ranger 2.0L Bi-Turbo FX4 MAX 4x4 A/T, Ranger 2.0L Wildtrak 4x4 A/T with Power Roller Shutter, and Ranger 2.2L XLT 4x2 A/T. The Ranger 2.2L FX4 4x2 A/T and M/T variants and Ranger 2.2L XLT 4x2 M/T also come with P70,000 cash discount with additional free 3-year SSP.
Customers getting a Ford Everest SUV can avail of a cash discount of as much as P70,000 for an Everest Sport 4x2 A/T or P60,000 for an Everest 2.0L Bi-Turbo Titanium 4x4 A/T or Everest 2.0L Titanium 4x2 A/T.
Returning this month as part of Ford’s start of the year offerings is the free 3-year SSP for the Ford Territory Titanium+ CVT for a worry-free ownership experience.
“We want to start the year on a high note by offering these amazing deals for our top-selling vehicles. Safe mobility will remain a priority for Filipinos this year, and we’re happy to be making the Ford ownership experience as easy and effortless for our customers with these offers,” shares Mike Breen, managing director, Ford Philippines.
All deals are available until January 31, 2022.
Globe announces the temporary closure of select Stores in NCR and other areas, as Covid cases surge. Globe is not spared from the current challenges of rising community infections.
This move is done to also ensure the safety of customers and store personnel.
The list of Globe Stores that will be temporarily closed are as follows:
Closed until January 11
Lucky Chinatown, Binondo, Manila
PowerPlant Mall, Makati City
Robinsons Magnolia, Quezon City
Shangri-La, Mandaluyong City
SM City Novaliches, Quezon City
SM City Sta. Mesa, Quezon City
SM Megamall, Mandaluyong City
Closed until January 12
Ayala Malls Fairview Terraces
ICONIC Globe Store, BGC, Taguig City -
Market Market, Taguig City
SM Center Lemery, Lemery
SM City Bacoor
SM City Batangas, Batangas City
SM City Marikina, Marikina City
SM City Masinag, Antipolo City
SM City Taytay, Rizal
Closed until January 13
Nepo Mall, Dagupan
SM City Lipa, Batangas
SM City Naga, Naga City
SM City Rosario, Cavite
Closed until January 14
D’Mall, Boracay, Aklan
Festival Supermall, Muntinlupa City
Robinsons Galleria, Quezon City
The District Imus, Imus
Closed until January 15
SM City Lucena, Lucena City -
SM Molino, Bacoor
SM City Santa Rosa, Sta. Rosa City
SM City Urdaneta Central, Urdaneta City
Closed until January 16
AliMall, Quezon City
Gaisano Grand Fiesta Mall, Cebu
SM City East Ortigas
SM City Valenzuela, Valenzuela City
Closed until January 17
SM City Clark, Angeles, Pampanga
Closed until further notice
SM City Bacolod, Bacolod City
SM City Baguio, Baguio City
Select Globe Stores will be open to handle important transactions. This includes plan application, upgrade, renewal, and reactivation; device pick-up, change ownership, change SIM, device return and replacement, bills payments, GCash cash-ins, and prepaid products. For an updated list of our Stores, visit https://www.globe.com.ph/stay-
In addition, Globe EasyHub all-in-one digital kiosks are open to allow customers to shop, pay, explore, and even access information on how to request customer service support in Globe’s mobile platforms. EasyHub can be found in Ayala Malls Manila Bay, SM Manila, and Robinson’s Place Bacolod City. Customers may also download the updated GlobeOne app for free on Google Playstore and App store to be able to pay manage their Globe accounts.
Globe’s online shop is also available at https://shop.globe.com.ph for our customers’ needs. They can pay conveniently using GCash, the largest e-wallet service provider in the country. GCash can also be used to shop for essentials, pay utility bills, buy prepaid load, and more.
MICRO-SMEs (MSMEs) remain the country’s economic growth engines albeit the challenges that confront their businesses due to the pandemic. For this reason, BDO Network Bank (BDONB) ensures they get the needed support to make their operations and processes efficient and robust.
“The country’s development depends on the growth of MSMEs. When MSMEs grow, business owners and their families will enjoy a better future. There will be more job creations for our children,” BDONB senior vice president and MSME Group Head Karen Cua said.
BDONB is the community bank of BDO Unibank that services both the underserved and unserved markets.
According to Cua, MSMEs basically run the economy of communities because while providing income to many, they create products and services that are important to people’s lives.
MSMEs are a critical sector in the Philippines as they account for 99.5% of business enterprises, 62.6% of total employment, and 35.7% of additional gross value based on DTI’s 2020 MSME Statistics. They also serve as valuable partners and suppliers to large enterprises.
Braving the pandemic
If there is one thing Cua has learned about Filipino entrepreneurs during this unprecedented time is that they are strong, persevering, and brave. They are the type of business people who will adapt and fight to stay afloat amid the storm.
“Essential businesses continue to market their valuable products and services by adapting new and innovative methods like online selling and streaming, while many non-essential businesses that experienced a dip in profit transitioned to selling essential goods and services,” she said.
A partner in growth
BDONB has been a staunch partner of MSMEs in growth. The bank offers Kabuhayan Loan to give MSMEs access to additional capital to build up their stocks, to purchase other business assets, and to expand their stores.
According to Cua, the Kabuhayan Loan covers a fast and simple application process that allows small business owners to borrow up to P1 million. In addition, the Kabuhayan Loan offers affordable monthly installments and provides financial management information via social media and webinars to help business owners maximize their capital.
Beyond the Kabuhayan Loan, BDONB provided free insurance coverage as well as gave out Kabuhayan Package from SM Appliance and SM Supermarket to select BDONB borrowers in 2021.
BDO Network Bank Kabuhayan Loan assisted Virgilio De Guzman to pursue his plan of business expansion. Through the extra funding, he was able to offer additional items such as plasticware and dishwashing soap products in his store.