Globe hits new financial peak with record EBITDA in 2023
Negosyo Ideas
by NegosyoIdeas Editor
1M ago
Globe reached a financial milestone for 2023, achieving a record consolidated EBITDA or earnings before interest, taxes, depreciation, and amortization of PHP81.4 billion, a 3% increase from the previous year’s PHP79.1 billion. This growth is attributed to a healthy 3% expansion in the company’s topline, effectively balancing the rise in operating expenses. It underscores Globe’s operational excellence and strategic focus, resulting in an EBITDA margin of 50%, aligned with its full-year guidance. “The solid EBITDA growth this year underscores our robust financial condition and our capability t ..read more
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The Filipinos’ favorite: Home Credit financed 1.7M mobile phones in 2023
Negosyo Ideas
by NegosyoIdeas Editor
2M ago
As 2023 closes, Home Credit, the country’s leading consumer finance company, reveals an interesting trend in the Philippine market: an increase in the number of purchases of various commodities, particularly mobile phones with 1.7M units financed. This surge in products sold was facilitated through Home Credit’s year-long promos, including the most recent 0% interest on installment financing. In 2023, Home Credit saw a significant upswing in purchases across different categories, showing a shift in what consumers prefer. With a focus on empowering Filipinos to realize their personal and family ..read more
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Emerging Trends Shaping the Future of Sustainable Protein Alternatives
Negosyo Ideas
by NegosyoIdeas Editor
3M ago
As meat consumption sees a decline, driven partly by cost considerations rather than ethical or climate concerns, the future of food is pivoting towards alternative proteins. This shift is fueled by global issues such as population growth, food security, and climate change. Governments worldwide are encouraging innovation and investment in this space to ensure domestic food security and reduce dependence on imports. In Singapore, for instance, there is a strategic governmental push to foster advancements in alternative proteins. The Three key trends are emerging in the evolution of alternative ..read more
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ANALYSIS: Future of Philippine fintechs to be potentially driven by ESG investing
Negosyo Ideas
by NegosyoIdeas Editor
4M ago
The future of Philippine fintechs, which have basic characteristics centered around innovation and sustainability, will be driven in major part by investments that value environmental, social, and governance (ESG) principles, analysis from consumer finance company Digido revealed. The global sustainability technology (SusTech) industry, characterized to have a key role in achieving ESG goals, has so far attracted about USD 400 billion in investments, with the main growth occurring from 2014 to 2022, according to Tracxn. Of this USD 400 billion, about USD 8.8 billion has been used to finance th ..read more
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CBS China Bank Savings closes National Teachers’ Day 2023 with a bang
Negosyo Ideas
by NegosyoIdeas Editor
6M ago
CBS China Bank Savings, through its partnership with the Department of Education (DepEd), will be one of the major sponsors for this year’s National Teachers Month Culmination Gathering in Butuan City, on October 5th. With the theme Together 4 Teachers, Appreciation, Admiration, Approval, Attention, CBS, through its APD Lending Group, continues to support DepEd in this annual endeavor, allocating P8M pesos worth of exciting prizes and giveaways for participating colleagues and teachers. The prizes include ten (10) 32-inch Samsung smart TV sets, thirty-five (35) Dell laptops, twenty (20) Honda ..read more
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Mynt to acquire ECPay to serve MSMEs better, boost bills payment business
Negosyo Ideas
by NegosyoIdeas Editor
6M ago
Mynt, the holding company of the Philippines’ number one finance super app, GCash, has entered into an agreement with Globe Telecom Inc. and Payment One, Inc. to acquire a 100% stake in Electronic Commerce Payments, Inc. (ECPay), for PHP3.0 billion. Mynt believes its acquisition of ECPay will strengthen its position as a partner for the growth of micro, small, and medium enterprises (MSME). This also allows Mynt to create a more comprehensive suite of solutions that can help drive financial progress for MSMEs. “Mynt, through its fintech subsidiaries, has already built the largest digital ecosy ..read more
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Rise of Boomerang Employees – 78% of professionals in the Philippines are open to returning to their previous employer
Negosyo Ideas
by NegosyoIdeas Editor
7M ago
One in two (46%) consider returning to previous employers for better career progression and remuneration One-third (33%) admit to having already reached out to their previous employer 88% remain in touch with their previous employer – with 23% saying it is to keep the door open. Over 90% of managers who are currently hiring are open to considering hiring a previous employee, with 80% of them doing so without hesitation. Yet over 1 in 5 employees do not keep in contact with their ex-employers. Nearly 8 in 10 professionals (78%) in the Philippines have stated that they are open to returning to t ..read more
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Globe Group’s Impressive Growth and Innovation Drive Strong Financial Performance
Negosyo Ideas
by NegosyoIdeas Editor
8M ago
Globe Telecom Inc., one of the Philippines’ leading telecommunications companies, has announced its second-quarter and first-half 2023 financial results, showcasing healthy growth across its diverse business segments. Steady Top-Line Expansion Driven by Data Consumption Surge In an era marked by unprecedented digital transformation, Globe Group’s consolidated service revenues for the first half of 2023 reached an impressive ?80.4 billion, showcasing a stable 2% year-on-year growth. The burgeoning data revenue across its mobile and corporate data businesses was a significant contributor to this ..read more
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Enabling Circular Raw Materials through Tire Upcycling
Negosyo Ideas
by NegosyoIdeas Editor
8M ago
Contec, a Polish company, has revolutionized the recycling of used tires by implementing an advanced pyrolysis process, creating a circular system for valuable raw materials. Every year, approximately 1.5 billion tires end up as waste, posing environmental challenges. However, Contec has found a promising solution. Instead of letting tires accumulate in landfills, they utilize pyrolysis to break down the vulcanized rubber found in tires. This thermochemical process involves heating shredded tires in an oxygen-free environment at temperatures ranging from 400 to 700 degrees Celsius. As a result ..read more
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Cassava as Single-Use Bags Designed to Dissolve in Water
Negosyo Ideas
by NegosyoIdeas Editor
9M ago
A groundbreaking innovation in the retail sector introduces plant-based single-use bags that are engineered to dissolve in water, based on cassava, providing an eco-friendly alternative to traditional plastic bags. This development aims to tackle the environmental challenges posed by plastic waste and offers a sustainable solution for retailers and consumers. These innovative bags are made from plant-derived materials, such as cornstarch or other biodegradable polymers, which are non-toxic and safe for the environment. Unlike conventional plastic bags that can take hundreds of years to decompo ..read more
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