Philippines Digest: Go Negosyo partners with Multiply, Pancake House expands to S’pore, and more
August 28, 2011 by Egi SEPTIADI
Here are some interesting startup news from around Philippines, not only in its capital, Manila, but also other startup hubs such as Cebu, General Santos City, Pasay, Quezon City, and many more.
(1) A couple of weeks back, Go Negosyo signed into another new partnership, this time with Multiply. Multiply was one of the social networking sites that kids used aside from Friendster many years ago. Multiply became more popular in the Philippines for online marketing since people used the site to advertise and sell things like an online retail store.
(2) Casual dining franchise, Pancake House, Inc. has announced that it is in talks to expand to Singapore after opening branches in Malaysia.
(3) Micro, small and medium enterprises (MSME’s) are sometimes not appreciated for their invaluable contribution to the Philippine economy. These types of businesses account for 99.6 percent of all registered businesses in the country and employ 70 percent of the country’s workforce. MSME’s also produce about 30 percent of the Philippines’ total output.
(4) Filipinos ranked high in terms of being highly or somewhat influenced by ads on social media sites according to a poll done by information and measurement company Nielsen.
(5) Despite “strong” signs of a double dip recession looming for the United States and declining global markets as a result of the US ratings downgrade, an investment officer is confident the Philippines will “shine through.”
(6) The rising prices of goods and services is something that every entrepreneur tries to deal with. As inflation rate increases so does the real value of your money decrease. To cope with this, Insular Life recently launched its newest product called I-Peso Optimizer that helps protect the real value of one’s wealth against inflation.
(7) One of the country’s leading exporters of handcrafted, sterling silver jewelry, 7 Castles, Inc., said that Philippine preferential trade agreements have helped them become more globally competitive.
(8) The Social Security System (SSS) posted an eight percent increase in the number of registered users on the SSS web site after the agency started accepting online applications and collection reports on 6th June, a top official said.
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About The Author
Egi SEPTIADI - SGE Alumnus - Intern
Egi is currently pursuing Chemistry at the Nanyang Technological University in Singapore. While not mixing compounds in the lab, the Indonesian is always on the hunt for recommended "makan" (Malay for "eat") places for local food. But the true blue foodie admits that "as long as the food tastes good, he'll go for it".Read other posts by Egi SEPTIADI