Apr

30

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A Regional Competitiveness Committee (RCC) sets up in eight different provinces and key cities in the country, including Cebu, to gather economic data about provincial communities, and how these fare when compared other Association of Southeast Asian Nation (ASEAN) cities.

The committee is a public-private sector body created to develop strategy for the long-term competitiveness of the Philippines through policy reforms, project implementation and monitoring performance among others.

The RCC network—which includes Cagayan de Oro, Tacloban City, General Santos City, Davao City, Batangas City, Legaspi City, Iloilo City and Cebu— is expected to be in place by June.

The creation of the RCC paves way for the country to be more competitive as each region, city or province would become aware of their strengths and weaknesses. The information of each region, city or province can guide improvements on their individual competitiveness and the whole country’s competitiveness.

The RCC would benefit Cebu because it would become a venue for the stakeholders to work together and gather the economic data according to indices which include basic economic information like population, wage rate, infrastructure, and quality of life, education, safety and health, cost of doing business, and the human resources available here.

Aug

15

A British businessman gave up his millionaire’s lifestyle in London to develop a company that sells all Philippine-made, natural products.

Once among the top nine richest people in the United Kingdom under 30, Dylan Wilk drove fast, fancy cars and lived in luxury in the best hotels, but it did not make him happy.

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Jun

13

Creative industries have their origin in individual creativity, skill and talent and that have a potential for wealth and job creation through the generation and exploitation of intellectual property. Creative industries encompass major segments including: artisanal products; visual arts; performing arts; cinema and audiovisual media; literature, books and publishing; and others.

The UNCTAD/UNDP classification of creative industries is divided into four broad groups: HERITAGE, ARTS, MEDIA, AND FUNCTIONAL CREATIONS, including creative services such as architectural, advertising, cultural and recreational, creative research and development (R&D), digital and other related creative services.

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Jun

11

Risk is always present in business. Any business ventures carry both a significant amount and diversity of risks. In many businesses and companies however, risk management is taken for granted. There is also a lack of understanding on what constitutes risk management.

In most cases, risk management is thought to be limited to just liability insurance. In reality, risk management can encompass a much broader business scope.

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