Wednesday, October 18, 2017

Filipino Entrepreneurs are confident based on 1st PH startup survey results

Filipino startups are confident and optimistic, with plans ranging from conducting initial public offering (IPO) to tapping new markets within and outside the Philippines. To achieve their goals, they want to make their businesses sustainable through improved tax incentives, greater ease in doing business, and better access to capital. 

These sum up the findings of the 2017 Philippine Startup Survey, which will be unveiled during Slingshot ASEAN:Startup and Innovation Summit on 20 October 2017 at the Philippine International Convention Center (PICC) in Manila. The survey was conducted by Isla Lipana & Co./PwC Philippines (PwC), the Knowledge Partner for the summit, in partnership with QBO Philippines, the country’s first public-private initiative for startups formed in 2016.

PwC Philippines’ Deals and Corporate Finance Managing Partner Jade Roxas-Divinagracia, explains: “Respondents were asked about their experiences, insights, motivations, plans, and needs. The report also gives a snapshot of the beginnings and the current status of the Philippine startup ecosystem.”

“Through insights gleaned from this report, we hope that the government and private sector can continue to collaborate to support entrepreneurs in turning their ideas into reality,” says Rene “Butch” Meily, President of QBO Philippines and of IdeaSpace Foundation, Inc.

IdeaSpace Foundation, Inc. is one of the founders of QBO Philippines. Its Executive Director, Diane Eustaquio, notes: “The journey though is not going to get any easier as the landscape is VUCA (volatile, uncertain, complex and ambiguous). Let us continue to work on paving the way for Philippine-based technopreneurs and their innovations so that they can prove their impact on creating greater business value and a brighter future.”

Atty. Alexander Cabrera, PwC Philippines’ Chairman and Senior Partner, has nothing but respect for the 106 CEOs and founders who participated in the survey. “I hope that the stories will inspire other startups, investors, corporates, and the government to work together, and build great companies. There is a huge multiplier effect to empowering aspiring entrepreneurs.”

Survey highlights:
• 35% of the respondents launched their startups in 2016, and 19% launched in 2017.
• 43% are in the pre-revenue phase, while 37% have annual revenues below PHP2m.
• When they were starting their businesses, the top challenges they faced were capital requirements (88%), regulatory requirements (54%), and general economic/business conditions (50%).
• 63% are planning to raise equity financing to finance their growth.
• 47% are planning to raise less than US$1m in the next three to five years, while 27% are planning to raise between US$1m and US$3m. • 94% are planning to welcome an investor in the next three years.
• Primary uses of funds in the next three to five years are product development (39%) and marketing initiatives (29%).
• Strategies for growth in the next three to five years are to improve existing products or services (84%), introduce new products or services (79%), and enter new territories outside the Philippines (61%).
• 63% are planning to conduct an IPO in the next five to seven years.
• 95% are planning to enter new territories in the next five years.
• New markets to tap are other areas in the Philippines (56%), Indonesia (59%), Thailand (57%), Malaysia (55%), and Vietnam (52%).
• To help startups build sustainable businesses, the top focus areas for improvement are tax incentives for startups (59%), ease of doing business (59%), and access to capital (55%).

QBO Philippines co-founder, the Department of Science and Technology, expresses its desire for the startup community to thrive. DOST Secretary Fortunato De La Peña says, “May everyone realize and appreciate the entrepreneurial environment that has been set up especially for those whose agenda includes not only having a robust source of livelihood but also contributing to the country’s development on the overall.”

For his part, Secretary Ramon Lopez of the Department of Trade and Industry, another QBO Philippines co-founder, shares the same sentiment: “We are confident that with the demonstrated capacity of the Filipino in terms of creativity, talent, and hard work to be innovative and entrepreneurial, plus the continued partnership among stakeholders, we can build an inclusive innovation and entrepreneurship ecosystem that can help in the development of MSMEs.”

Monday, October 16, 2017

Bancrea Homes launches its website

Looking for a home should be exciting and fun.  And Bancrea Homes will be able to get you the best deal  to own a great space minus the hassles.

Bancrea Homes has a lot of properties in their listing for you to choose from. Backed with years of experience in helping people make the right decision, they can help you get the perfect space.

The real estate digital services provider Bancrea Homes launched  their new website as prelude to its optimism in  generating P1 billion sales before the end of the year.  The website launch was  part of their initiative to address gaps in real property sales.6

“We have created because some sellers, when they’re done with selling the property, they no longer assist their buyers. With this application, we assist our clients from reservation to documentation, from the payments to moving in,” he said.

The website features a 24/7 live chat hosted by a real-person customer service staff, an “E-Refer Kita” app where an individual can refer a sales lead, check the status of their referral and earn a commission on the lead.

Roy Buen, founder and chief executive officer of Bancrea Homes, said that will expand their reach and boost sales.

“I am very optimistic because there’s a lot of mass-housing backlog in the country, around five million homes. So with our program, such as Pabahay Program, where we collaborate with the employees without cash-outs, only documents, then they are ready to move in,” he said following website launch in Manila.

With property developer 8990 Holdings Inc. as its partner, Bancrea Homes has collaborated with various employers to allow their employees to acquire their own homes.

Bancrea Homes works closely with government financial institutions such as Pag-Ibig Fund and the National Home Mortgage Financing Corporation to ensure that their clients' hard-earned money invested in real estate property will indeed pay off.

Moreover, Bancrea Homes also looking at partnering with other industries, such as furniture and home improvement contractors, architects, interior designers, and non-life insurance agencies to get the best deal for their clientelle.

It is for all these reasons why there is a need for property buyers to deal only with licensed real estate brokers such as Bancrea Homes.  The reality of how a deal can dry up in an instant, and not always for the best of reasons can be kept at bay.  You don't want  a sizeable investment to go kaput because of a broker's unethical activities.  

Buyers have to be smart and not be swayed by sales talk. Buyers should be aware that their brokers are operating legally or else, they will just end up with nothing. 

Sunday, October 15, 2017

Bless Las Paellas opens at Vista Mall Nuvali

Bless Las Paella is one of the best places in the metro where you can get your good share of paella variants and other Spanish favorites.

After upscalling  their flagship store at BF Homes Paranaque, the owners of  decided to put up another at Vista Mall Sta Rosa. The latest branch was officially launched today, October 15, 2017.

A mass was held to kick off the occassion.  The ribbon cutting ceremony came in next, followed by the blessing of the restaurant.


Mr Gwa-Pulis, Neil Reyes, serenaded the guests and Vista Mall patrons in therogram that commenced after the site blessing.

Children representing the Quezon City Dance Sports Association were lauded for their dance floor agility showcasing famed Spanish dances.

There was also a flamenco dance at the grand event, which was followed by a fashion show that  featured Mario Javier's classic and trendy take on colorful Spanish attires.

The dresses depict traje de flamenca (flamenco outfit) or traje de gitana (Gitana outfit) traditionally worn by women in Spain and widely known for its elegance.

We feasted on lechon, Pealla Negra and Valencia afterwards.

Whether you're looking for the classic Paella Valenciana, Paella Negra, or something new and unique, Bless Las Paellas offers such and more.
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