business - updates

Rappler's latest stories on business


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

5 trends that will shape sustainability and business in 2020

Jan 07, 2020 - 6:06 PM

As a world in climate crisis enters a new decade, here are 5 major trends that will shape society and business in the coming year

Rice tariffication: Birth pains force farmers' kids out of school

Jan 06, 2020 - 5:05 PM

They're ditching farming as their children drop out of school. Will there still be Filipino rice farmers left in this new decade?

[ANALYSIS] Duterte’s foul attacks on big business: What is he up to?

Dec 19, 2019 - 5:00 PM

The Duterte government has shown a propensity to disrespect contracts, ignore property rights, and harass businesses

Metro commuting in 2019: The shortcomings of the motorcycle taxi pilot run

Dec 15, 2019 - 4:00 PM

While Angkas is able to maintain a 99.997% safety rate, 5 motorcycle taxi firms are unregulated by the DOTr and pose a threat to the riding public, safety advocates say

MOTORCYCLE TAXIS. Will the extension and expansion of the motorcycle taxi pilot run benefit the riding public? File photo by Darren Langit/Rappler

Japan business confidence drops for 4th straight quarter – Tankan survey

Dec 13, 2019 - 10:31 AM

The Bank of Japan's Tankan business survey is considered to be the broadest indicator of how Japan Incorporated is faring

FRENZY. File photo of Pedestrians walking at Tokyo's famouse Shibuya Crossing.

Cebu City Council approves 2-year validity of business permits

Dec 12, 2019 - 2:27 PM

Mayor Edgar Labella also approves P10,000-financial assistance for public school teachers

LONGER PERMITS. Cebu City Council approves an ordinance extending business permit validity to 2 years. Photo by Gelo Litonjua/Rappler

Risky business: Why gov’t made sure Manila Water, Maynilad would earn

Dec 09, 2019 - 9:32 PM

Part 2: What is 'onerous' now was logical before. Rappler looks at the history of how government enticed the private sector to take over water services.


Look back: Duterte's tussles with big business

Dec 09, 2019 - 6:30 PM

Going from threats to defying an international court order, President Duterte proves more and more that he will use every presidential power to pressure some of the country's biggest firms

President Rodrigo Roa Duterte holds a press conference at the Malacañan Palace on November 19, 2019. TOTO LOZANO/PRESIDENTIAL PHOTO

Makati to temporarily stop issuing new business permits to POGO service providers

Dec 08, 2019 - 10:42 AM

Mayor Abby Binay imposes the indefinite ban after the recent spike in crimes and prostitution involving foreign workers hired by POGOs

TEMPORARY BAN. Makati Mayor Abby Binay imposes an indefinite moratorium on new service providers of POGOs based in Makati. File photo by Rappler

Public interest, private hands: How Manila Water, Maynilad got the deal

Dec 06, 2019 - 12:32 PM

A water crisis in 1997 sealed the deal for both Manila Water and Maynilad. The same problem might end it, too.

LIST: DFA consular operations suspended on December 6, 7

Dec 04, 2019 - 6:41 PM

(UPDATED) The Department of Foreign Affairs advises the public to take note of the schedules of its consular offices in Zamboanga, Pampanga, Metro Manila, and Baguio City

Plane crashes into homes in east DR Congo city, killing 29

Nov 24, 2019 - 8:03 PM

(UPDATED) The Busy Bee Dornier-228 smashes into two houses near the airport, deputy transport minister Jacques Yuma Kipuya says

PLANE CRASH. Residents react after a small aircraft carrying around 15 passengers crashed in a densely populated area in Goma on the east of the Democratic Republic of Congo on November 24, 2019. Photo by Pamela Tulizo/AFP

[ANALYSIS | Point of Law] Will the Ease of Doing Business Act do the trick?

Nov 05, 2019 - 2:49 PM

It takes an average of 13 procedures to start a business, 9 procedures to register property, and 22 procedures to build a physical establishment in the Philippines

#AskTheTaxWhiz: Things you should know about online businesses

Oct 23, 2019 - 9:19 AM

Do online businesses still need to register their business and pay taxes? How will the ongoing tax reforms affect them? The Philippine Tax Whiz answers these questions.

Business groups call Marcos' election protest a 'political distraction'

Oct 17, 2019 - 4:50 PM

The Philippines' biggest business groups say that the sooner Ferdinand Marcos Jr's protest is resolved, the sooner policymakers can move on to more important matters

INFOGRAPHIC: Ways to raise the funds you need to grow your business

Oct 17, 2019 - 10:59 AM

Lacking the funds to finally expand your business? Here’s what you can do.