1. “The fact that loan growth is flat at a time when GDP is going down, to me, is already something good.” A challenge for Philippine banks is how to become bigger and remain relevant to support the nation’s growth agenda. Here are ten of the good things to come out of the coronavirus pandemic. The uncertainty caused by the pandemic made all our previous strategic and operational plans irrelevant. It also provides at least seven opportunities to improve our lives and organizations. Digitalization is one of the “mega-trends” driving growth among businesses, said Holcim Philippines Senior Vice-President for Marketing and Innovation Ramakrishna Maganti, as the pandemic has pushed firms to go online. ... Social media has a good feature on spreading. We asked 16 smart CEOs and business owners how they’ve adapted to our new virus-ridden reality. The pandemic has truly affected a lot of field, sectors, and business. They know that industry boundaries will evolve. PHILIPPINE banks will recover faster from the impact of the coronavirus pandemic than they did from the Asian financial crisis due to record-low interest rates, higher capital and a stable economy, the head of the country's bankers group said. Many have already found innovative ways to roll with the punches — from rethinking supply chains, redeploying staff, offering crucial advice, and even recreating your favorite bar online. The Covid-19 crisis has not only dark sides. Millions of business owners are scrambling to reinvent their businesses. MANILA - A Philippine lawmaker said Sunday that the country incurred an estimated P3.3 to 3.4 trillion in economic damage this year due to the COVID-19 pandemic and the recent devastating typhoons. All Good Life Good Business Good Health GNN Podcast. Poverty punished as Philippines gets tough in virus pandemic. The skills come in handy during the pandemic,” the mother of three teenage girls said. The Philippine Economy During the COVID Pandemic Joseph Anthony Lim, Department of Economics, Ateneo de Manila University1 Abstract This paper describes and analyzes the impact of the COVID pandemic and the subsequent hard and mild lockdowns on the Philippine economy at various stages from March, 2020 to early September, 2020. For Mr. Yujuico, the pandemic is forcing businesses to explore all possibilities to overcome the impacts of the crisis due to quarantine regulations. Retailers and consumers go digital in blow for major developers With nearly 499,000 cases and almost 9,900 deaths as of yesterday, the Philippines … Read more at The Business Times. The COVID-19 pandemic has led to the evolution of education and has underscored the important role of customization, technology, and mobile devices in learning continuity in the country. They will build new businesses to respond to those changes. “A lot of good times have been created during this pandemic, there are ups and downs but the blessings that came along with it are definitely bigger. Reopening of business hoped. The Covid-19 pandemic caught the world by surprise, spreading like wildfire and causing fatal illness and economic hardship for individuals and organizations alike. Community spirit Despite the fact that most people are shut away in their homes, many communities have … Cashless and contactless commerce Businesses that are still interacting face-to-face with consumers, including restaurants and stores, are implementing changes to … And due to some health protocols and other safety measure so as to contain the spread of the virus, some businesses in the country stopped operating resulting to thousand of people added to number of those who are unemployed. 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