Aboitiz-Philinsure partnership to benefit over 7,000 Typhoon Ulysses victims
More than 7,000 Filipinos or nearly 1,500 families affected by Typhoon Ulysses in Cagayan and Isabela will soon receive the much needed relief assistance, following a half a million peso donation from insurance firm Philinsure to the Aboitiz Foundation to support its ongoing relief operations.
The Aboitiz Group’s corporate social responsibility arm received the P500,000 donation in an online turnover ceremony last December 4.
Philinsure president and chief executive officer (CEO) Gordon Alan Joseph emphasized the value of trust in partnerships and thanked the Aboitiz Foundation for agreeing to work with them.
“We couldn’t think of anyone else to trust. We know you guys and we trust you. Thank you for this opportunity,” Joseph said.
Philinsure is one of the most reputable, fast-growing and well-managed insurance brokers in the Philippines. They are the only insurance brokerage with a major national presence, serving clients in the country’s three largest cities 一 Manila, Cebu and Davao.
As of Dec. 4, 2020, the Aboitiz group extended a total of P6.4 million for the Typhoon Ulysses relief operations, giving out food packs, sleeping kits, water and medicines to around 70,400 individuals in the hardest-hit areas of Rizal, Cagayan, Isabela, Nueva Vizcaya and Ifugao.
The Foundation is also actively helping victims of Typhoon Rolly in Albay, Batangas, Catanduanes, Camarines Sur and Oriental Mindoro. The group has raised over P 5.7 million and distributed food packs, construction materials, medicines and blankets to over 9,000 families or close to 47,000 individuals. Visayan Electric, AboitizPower’s distribution unit based in Cebu, also dispatched a team to help restore power in four barangays in Tiwi, Albay.
Pangkabuhayan from WorldRemit
WorldRemit, a leading digital cross-border payments business, has launched a Christmas promotion to help customers celebrate the holiday season, build a dream business, and become more financially independent.
For 10 lucky Filipinos, WorldRemit is giving away Pangkabuhayan Packages, each worth P200,000.
From November 1 until Dec.31 customers can enter the promotion by sending money to the Philippines using their valid WorldRemit account—no minimum amount required—and registering at www.worldremit.com/
“With these Pangkabuhayan Packages, we are not only supporting the recipients but also our local rice farmers who similarly need support,” said Earl Melivo, country director for the Philippines at WorldRemit.
Each Grainsmart bigasan franchise business pangkabuhayan package includes: 60 sacks (25 kg each) of rice; a digital weighing scale; a tablet that’s fully set up for a bills payment center account; business signage, marketing collateral, and other business paraphernalia and; n online training and mentorship program – to provide guidance for setting up the business for success.
More LGUs now using Scan & GO
MYEG Philippines (MYEG PH), a market leader in electronic solutions championing government services online automation, has been providing eGovernment services in both Malaysia and the Philippines for the last 18 years through its technology platform encompassing internet, automation, big data and electronic payments.
MYQR, its latest development, is a simple, seamless, and free contact tracing solution mobile application designed to monitor and track individuals entering establishment and business premises.
The app assists establishment owners to monitor each individual by scanning their visitors’ QR code on their mobile phone prior allowing entry to their businesses.
The Scan & GO! feature of the MYQR will have minimal impact to their operations allowing faster recording and entry to the premises of their customers. What makes MYQR different from the other contact tracing aps is that it doesn’t need Bluetooth nor GPS to function. A user doesn’t also need to have a smartphone as they can print the QR code in a piece of paper, making it user-friendly even for the elderly.
Local government units are now starting to use digital means to do contact tracing. The latest to sign up are Hernani in Eastern Samar and Rodriguez in Rizal.
Learning new skills at Bayan Academy
Bayan Academy and J.P. Morgan have launched a scholarship program that has helped train displaced and underemployed workers during the pandemic.
Bayan Academy, supported by global financial services giant J.P. Morgan, has developed various online courses and programs, such as Contact Center Services, Virtual Assistant and Basic Programming. Bayan Academy also offers Architectural Building Information Modeling (BIM) which teaches the use of Revit software as well as technopreneurship.
“The courses at Bayan Academy equip the participants not only with technical tools, but also the necessary life skills through the self-mastery module. This was very essential, which became very useful as they sailed through the challenges of the pandemic,” said Eduardo Morato, chairman and president of Bayan Academy. “We have also instilled in them the importance of entrepreneurship, which is part of the 21st century skills needed by the workforce of the future.”
Successful graduates found gainful employment here and abroad.
SB Capital recognized at The Asset and FinanceAsia Awards
Security Bank’s Corp.’s (SBC) investment arm, SB Capital Investment Corp. (SB Capital), was recently recognized by The Asset and FinanceAsia Awards for its participation as lead arranger, bookrunner, and underwriter in key initial public offering (IPO) and finance deals in the Philippines and Southeast Asia this 2020.
The Asset Awards recognized SB Capital alongside three other banks as mandated lead arrangers and bookrunners for HC Consumer Finance’s 8-billion-peso senior secured term loan facility. The term loan facility won as the 2020 Best Structured Finance Deal in the Philippines.
With its partnership with HC Consumer Finance Philippines Inc, a part of Home Credit Group, SB Capital reaches more Filipinos by providing affordable products to underserved borrowers and rearing efficient projects for the consumers.
“The recognition given by The Asset and FinanceAsia is a testament to the continued trust of Filipinos towards SB Capital. These citations not only encourage us to deliver BetterBanking experiences but also allows us to explore innovative financial avenues and solutions for clients and investors,” said Virgilio Chua, SB Capital president.
FinanceAsia Awards also acknowledged SB Capital as a top-performing lead underwriter together with two other investment banks for the country’s first REIT offering, AREIT, a P12.3 billion IPO by Ayala Land. The IPO won this year’s Best Finance Deal in Southeast Asia in FinanceAsia and the Best IPO in the Philippines in the Asset.
SB Capital has been extending high-quality strategic advice and innovative financial solutions to investors through its participation in initial public offerings (IPO). With its successful IPOs, Security Bank helps companies raise capital from public investors, gaining advantages and benefits for both parties.
The Asset and FinanceAsia are both international financial magazines that annually awards corporations that excel in their respective industries, acknowledging best-in-class organizations and what they offer to their clients.
Buy Now, Pay Later integrates with ecommerce platforms
Digital installment payment platform BillEase announced its partnership with the e-commerce platforms Shopify, Magento, Prestashop, and WooCommerce to bring “Buy Now, Pay Later” to online retailers in the Philippines. Merchants that use any of these platforms can now easily integrate with BillEase and activate Pay Later, Pay in Installments and Pay with Down Payment, which will provide customers with flexibility in payments and smoother shopping experience.
“With this integration, we’re bringing our financial product closer to consumers by making it easier for merchants to add our point-of-sale financing option,” said Georg Steiger, chief executive officer and co-founder of FDFC, the fintech company behind the BNPL platform.
Unlike traditional payment methods like credit cards, BillEase is a digital native platform. Instead of a physical card, customers have an app or account that works on a dedicated checkout.
The advantage is that consumers have full control over their spending and can configure their payment schedule the way they like it as BillEase shows customers upfront exactly what they will have to pay each month with no hidden fees and no surprises.
For merchants, there is no risk in offering BillEase as a payment method to their customers because BillEase pays merchants in full and absorbs all credit and fraud risks.
BillEase only charges merchants 1.5 to 2.5 percent per transaction with no integration fee, no annual fees, and no costly chargebacks.
The BNPL service is currently available on over 60 merchants including Lazada, Zilingo Trade, Flowerstore, Drive Groceries, Become, Kimstore, ConcepStore, Stork.ph, Henry’s Camera, Datablitz, among others.
NiXY opens up opportunities for budding entrepreneurs
NiXY, a direct-selling company, is providing business opportunities for budding entrepreneurs or those looking for additional income.
A multi-brand direct-selling company which carries global brands like BYS, Rosken, Deoproce, the iFace brands, Artego, among others, NiXY offers the support of a full-service team in their office in Galleria Corporate Center, Ortigas.
A NiXY franchisee or reseller P99,000 as an initial investment for franchisee or P5,000 for reseller. Resellers can immediately begin their own NiXY business for as little as P5,000.
They can start your online makeup store with brands like BYS and KISS New York; an online hair care store featuring brands like Wet Brush, Eva NYC, Artego Hair Professional, and KISS New York; or an online skincare store carrying Bioten and Deoproce.