Tag: Philippines

Petron, the country??s largest oil refiner and retailer, was named again as the top Philippine company in the 3rd Asian Sustainability Ratings (ASR) because of its efforts to combine profit goals with sustainability.

The oil firm also ranked seventh out of 29 Asian companies in the energy sector surveyed by the ASR.SR.

It also placed in the top 10 percent of the 750 companies surveyed in 10 Asian countries, namely Australia, China, Hong Kong, India, Japan, Malaysia, Pakistan, Philippines, Singapore and Thailand.

This is the second time that Petron topped the ratings board, which measures a company??s performance in key areas such as environment, social and governance (ESG).

??In a world where transparency and accountability are increasingly important, the ASR is the first ESG benchmarking tool to analyze the largest listed companies in Asia,? said a report prepared by CSR Asia, the body that conducted the survey.

??The ASR allows companies, investors and other stakeholders to understand the economic, social and governance activities of listed companies. It also encourages listed companies to address ESG performance through disclosure and realistic target setting,? the report said.

Petron chairman and CEO Ramon S. Ang noted that as Petron??s business grows, its initiatives in the areas of sustainability and corporate social responsibility likewise increase.

??We believe that adhering to sustainability across our operations is essential to the long-term viability of our business,? Ang said in a statement.

??If you take a look at the leading companies across the region, they have overcome business challenges by doing the right things. A strong company does right by its employees, customers and other stakeholders,? Ang added.

Launched in 2009, the ASR examines the publicly available information of leading listed companies in 10 Asian countries and provides investors, companies and other stakeholders with a view of the strategic sustainability of these companies.

Earlier this year, Petron also received two distinctions from the Management Association of the Philippines for integrating corporate social responsibility and sustainability into its daily business operations.

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For a lot of foreigners, retirement does not mean not doing anything. You can find individuals that open a profitable business Philippines venture in order to keep busy and make money as well. Most of them come into the region flush with cash from having retired and so are aiming to build a new start in a country where the living costs is a lot more affordable. That is why you will notice plenty of small startups all over the country that are owned by foreigners. If it is your first time to work within the Philippines and want to prevent the stress of dealing with day-to-day operations, landlords, employees, inventory, as well as other such matters, allow me to share several opportunities that might be definitely worth your while.

One great place get started on if you want to open a company Philippines venture is to buy fixer-upper properties, renovate them and then sell them off. You’ll find numerous properties that are in a condition of disrepair and in case you’ve got experience in building homes and doing repair work, you will see that this is one opportunity where you could generate a nice profit. It might be advisable though, to get your own licensed Philippine broker in order to navigate the market as to what properties are worth renovating and selling.

The next thing listed where you can do good business within the Philippines is to build an apartelle. This is something that is uniquely Filipino and can be found all all over the country. An apartelle happens to be an apartment building where all but one of the units is rented out long term. Operating one of these can be done on a nightly or weekly basis, similar to a normal hotel, hence the combined name. Getting yourself into this will require heavy capital investment on your behalf, but with the right property together with a focus on rural areas and smaller cities, you can construct a small 4 unit building for about 3 million Philippine pesos, excluding the price of the land.

The third item that is also worth mentioning is farming. Considering the halt on the Agrarian Land Reform program (CARP), the private sector could have renewed confidence to invest in agricultural production once again. For the longest time, CARP has held back purchase of both production capacity along with farm acquisition. Now that it’s ended, land prices will go straight back to being valued for their own higher income producing potential.

For individuals who want to open a profitable business Philippines venture that is passive yet will yield a fantastic ROI, right here is the one. Farming has long been structured via the developers (all foreigners) to be an actual one turnkey investment price, which includes the buying price of the land, in addition to the clearing, planting, cultivating, and harvesting for the first few years. It has a price that’s intended to fit the capital investment budget associated with an average foreign retiree, and all landowners are going to be members of the co-op that can share in the usage of farming equipment. Farming operations will likely be handled by the developer’s management team.

Business within the Philippines is one thing that you should consider, especially if you really are a foreigner with a nice retirement fund. There are lots of opportunities around, however these three are some of the ones which could help you to get started.

Franchising businesses had gained a lot of popularity in the Philippines when many Filipinos had started to go for this business rather than starting their own business from scratch. According to many experts, the reason why franchising became a popular trend in the Philippines is because of the many new franchising businesses which made it easier for many Filipinos to start their own business. This is when food-cart and food-stall businesses had been introduced in todays franchising industry.

Popular Business Trend in the Philippines
Franchising had been practiced in the Philippines for many years. However, it was only recently in which these types of business process had gained a lot of popularity and demand in the market.

The reason why is because of many new franchise businesses which was made available to provide Filipinos with the opportunity to start a profitable business. This is when food-cart and food-stall businesses were introduced in the Philippine market.

Advantages of Small Franchise Businesses
The advantage of small Franchising business Philippines, such as food-cart and food-stall businesses, is its cost, which is significantly lesser compared to larger franchise businesses. Because of this, many Filipinos were able to acquire a franchise compared in the past in which the only the wealthy were able to acquire a franchise.

In addition to its lesser expensive franchising costs, these small franchise business in the Philippines normally doesnt require any proof of managerial experience or any MBA certifications, which are usually, required for larger franchise businesses. This allows many Filipinos, even for those who have no experience in handling a business, are given the opportunity to start a profitable business. This is also serves as an important learning process for many entrepreneurs.

Significant Impact of Franchise Businesses in the Philippines
According to the PFA, or the Philippine Franchise Association, the growth of franchise businesses in the Philippines had contributed largely to the growth of the Philippine economy.

Due to the growth of demand for franchise businesses in the Philippines, thousands of enterprises were created to accommodate this demand, in which this growth had also led to the generation of hundreds of thousands of jobs, making franchising an important tool in the countrys economic growth.

It was also because of the growth of the franchising industry of the Philippines that gave entry for Filipinos to introduce their brands and concepts in the world market. Another is that the growth of the Philippines as the franchise hub of Asia when it comes to the development of franchise concepts