Month: April 2022

As the cost of living increases, climate change takes a back seat

Tacloban, Leyte, after Typhoon Haiyan hit in 2013. – Eoghan Rice / Trócaire / Caritas / Wikimedia Commons

KUALA LUMPUR / MANILA / RIO DE JANEIRO – In the coastal town of Palo in the central Philippines, George Christopher Daga has seen heavy rains for several days that are considered hot and dry in April – one of the most unusual weather patterns in recent years.

In its own province of Leh, where Palo is located, the ground was empty for the country’s most devastating weather events since 2013, when Typhoon Haiyan hit the Southeast Asian country, killing 6,300 people and causing buildings to collapse.

Yet another typhoon, Rye, laid a path of destruction in Leite and nearby provinces in December, killing more than 300 people and displacing thousands.

“The world is going crazy. We don’t understand the weather these days, “Mr Daga, 33, told the Thomson Reuters Foundation.

But Mr Daga – who lost his job as a utility worker during the Coronavirus Disease 2019 (COVID-19) epidemic – said climate change was not his main concern as Filipinos go to the polls on May 9 to elect a new president.

The problem is rarely caught in the disaster-prone Philippines – just one of several countries where global warming has lagged behind, including elections this year.

As the incidence of Covid-19 has increased Economic and social inequalityAnalysts say jobs and livelihoods have dominated the election agenda among rival politicians for the vote.

This is also the case in hard-hit countries like the Philippines, where an average of 20 tropical cyclones occur each year and is one of the countries most at risk for climate disasters.

Economy first

From heat to drought, the effects of climate change are becoming more frequent and intense – but efforts to reduce emissions and adapt to global warming are lagging behind, a UN intergovernmental panel on climate change warned this month.

Nevertheless, as countries from the Philippines to Lebanon and Brazil prepare for elections, climate change has not been identified as a major problem. Elsewhere in France, green parties have failed to make progress in recent elections.

This year, for the first time in a series of Philippine presidential debates, the focus has been on climate change, but otherwise the campaign has received very little attention.

“In order for politicians to be high on the agenda, it must be created as a livelihood problem,” said Jean Ensinas Franco, a political scientist at the University of the Philippines, focusing on the loss of income, crops and property.

He said greater efforts were needed to draw a “hidden” link between global warming and voters’ concerns about livelihoods or hunger so that climate change could be seen as a more pressing electoral issue.

“Ultimately, candidates have to deal with an issue related to the likelihood of getting votes,” Mrs. Franco said.

In Lebanon, climate change and renewable energy did not become a major issue before the country’s May 15 parliamentary elections, although the country has been experiencing severe power outages since mid-2021.

In Australia, the two main parties contesting the May 21 national election have said they will continue to support coal exports despite a growing Australian majority. Support for new coal mining ban And wants to cut exports.

‘Less on list’

Politicians who have shown how they can help people cope with COVID-19-related economic downturns and rising inflation have proved popular in recent elections, according to climate policy expert Danny Marks.

Mr Marks, an assistant professor of environmental politics at Dublin City University, said: “Although I think many voters around the world are concerned about climate change and the threats it poses, it is currently low on their list of priorities.

He cited the example of the Greens party in France, which did poorly in this month’s presidential election, when its candidate, Ianic Jadot, was eliminated in the first round of voting.

In contrast, the far-right candidate Marine Le Pen, who focused her campaign on the rising cost of living from her party’s anti-immigration policy, is second only to President Emmanuel Macron.

Mr Marx called on politicians concerned about climate change to highlight the immediate benefits of green change, such as renewable energy jobs and improved public health.

Political analysts say that in the Philippines, many people look at personalities and relationships with candidates rather than problems when voting for them.

Like most people in his province, Mr. Daga Ferdinand is backing “Bambang” Marcos Jr. – the son of the late dictator and leading presidential race – because his mother is a native of Imelda Lei.

“I will vote for Bangbong because he helped us during Typhoon Haiyan,” said Mr Daga.

‘Really scary’

In Brazil, where President Zaire Bolsonaro is expected to face former leader Luiz Inacio Lula da Silva in the October election, climate change and the environment are not major concerns for voters, opinion polls suggest.

One, by consultancy Quaest this month, said the economy was the biggest problem for nearly half of the nearly 2,000 people surveyed, as the South American giant struggled with inflation, unemployment and low growth.

Others cite healthcare and corruption as major concerns. The list of climate change was not made.

“Economics and corruption – unfortunately those will be the main issues,” said Christian Romeo, a professor of political science at Ibmeck University in Rio de Janeiro.

“I will not bet on the environment as a problem to bring votes,” added Mrs. Romeo.

South Korean student Diane Lee says he hopes his country’s politicians – and elsewhere – will hear concerns about climate change.

South Koreans elected opposition candidate Eun Sook-eool as the country’s new president in March, an election dominated by controversy over rising house prices and youth unemployment.

“The climate crisis was not given much importance in the March elections. It’s a shame, “said Mrs. Lee, 19, who voted for the first time from her home in the southeastern city of Daegu.

“The crisis is getting worse, but no one seems to be paying attention. It’s really scary. ” – Beh Lih Yi, Manuel Mogato, and Fabio Teixeira / Thomson Reuters Foundation

Amazon saw its first loss since 2015 as shares fell 10%

Amazon on Thursday announced the first loss since 2015 because sales have slowed, costs have risen and electric vehicle company Rivian has erased its investment profits.

News broke that Amazon shares fell 10% in the hours following the transaction.

Tech giant revenue rose 7% to $ 116.4 billion in the first quarter, the lowest growth rate in nearly two decades. In the same quarter last year, Amazon’s sales rose 44% to $ 108.5 billion. It lost 3.8 billion in the quarter, compared to 8.1 billion in the same period a year ago.

The company warned that there could be more losses in the future. For the current quarter, Amazon expects operating revenue between দ্বিতীয় 1 billion loss and $ 3 billion profit in the second quarter of 2021, compared to 7.7 billion.

The electric vehicle company was mainly responsible for the loss of Amazon’s stake in Revian. Amazon owns about 20% of the company and lost $ 7.6 billion after electric car shares fell more than 50%.

“The epidemic in Ukraine and the ensuing war have brought unusual growth and challenges,” said Andy Jesse, Amazon’s chief executive officer.

Brian Olsavsky, Amazon’s chief financial officer, said the company spent about $ 6 billion this quarter on inflation, rising warehousing capacity and other problems.

Amazon was one of the biggest winners of the epidemic, with customers moving away to shop online and companies leaning towards Amazon Web Services (AWS) ‘s cloud computing unit to run their business, recording huge jumps in sales. AWS sales grew 37% in the quarter.

Buyers are turning to bricks and mortar as Covid-19 vaccination rates increase and hospital admissions fall. In-store purchases rose 11.2% in March, while online fell 3.3%, according to the monthly transaction report MasterCard SpendingPlus.

Amazon is not the only online retailer that is experiencing change. According to the Census Bureau, the share of online retail purchases fell from 15.7% in the second quarter of 2020 to 12.9% in the last three months of 2021. But a MasterCard survey shows that online retailers have benefited greatly from the epidemic. E-commerce grew by more than 83% from March 2019 to March 2022 with a 9.4% growth rate for in-store purchases.

The company faces additional pressure from employees across the country who are pushing for unions and negotiations for higher wages, better working conditions and benefits.

Earlier this month, Amazon workers in Staten Island, New York, cast their first vote for a union in the United States. The vote to establish a union at New York’s second Amazon facility will be counted Monday, and organizers say they have been flooded with calls from other Amazon outposts to help establish the union.

“Today, as we no longer pursue physical or stuffing capabilities, our teams are fully focused on improving productivity and cost efficiency across our perfection network. We know how to do it and have done it before. It may take some time, especially as we work through ongoing inflation and supply chain pressures, but we are seeing encouraging progress, ”said Jesse.

Tourists’ favorite Thailand’s recovery is lagging behind in changing the Kovid rules

BANGKOK – When 23-year-old Norwegian Anastasia Johansen and her boyfriend were planning their first vacation in two years, they considered going to Thailand but chose nearby Vietnam instead for the easy rule of entry into the coronavirus.

“The rules for entering Thailand were complicated for me and we had to pay for heavy PCR tests,” said Mrs Johansen.

Thailand, one of the world’s leading tourist destinations before the epidemic, was among the first in Asia to reopen its borders last year for visitors vaccinated with limited quarantine rules, which were welcomed as a model for reopening.

But with the ease of entry of regional peers easing, Thailand is embroiled in a difficult process.

“The (country) that offers a simpler, smoother, less complex approach wins my heart,” said Mrs. Johansen.

Tourism professionals say Thailand’s complex entry rules are now blocking recovery in an industry that contributed 12% to GDP before the epidemic.

Forward booking for 2022 shows that Thailand has reached 25% of pre-epidemic levels, behind Singapore and the Philippines at 72% and behind 65%.

Many blame the Thailand Pass pre-entry approval system, which can take up to seven days, although the government has recently promised to streamline it.

“The red tape is killing us,” said Bill Burnett, managing director of C9 Hotelworks, a hospitality consultancy.

“If you live in Singapore and want to come to Thailand on the weekends, it is not easy. Those short-term trips are important. “

Kieron Stallone, an American who is visiting the family in Thailand, says proof of vaccination, insurance coverage of at least $ 20,000 and a reservation at a qualified hotel are required to get a Thai pass, all submitted to a Thai government website.

“The official website was difficult to navigate, and I had to seek outside help,” added Mrs. Stallone.

Ms Stallone said she had been told to avoid certain steps that could lead to a submission error that would delay her application.

The website does not allow users to save progress or return to previous pages and rejects PDF files.

A Facebook group in Thailand Pass has ballooned over 90,000 members, asking travelers anxious questions about changing flights, new entry rules and expressing some frustration over rejected applications. Similar forums have appeared on sites like TripAdvisor.

You will not pass

Thailand received 39.9 million visitors in 2019 when the capital Bangkok was declared the most scenic city in the world.

That year, Singapore and the Philippines recorded 19.1 million and 8.26 million arrivals, respectively.

Thailand aims to attract 5 million to 10 million visitors this year, but critics have called its Thailand pass system an unnecessary obstacle.

Hotel tycoon William Heineke, chairman of Minor International PCL, told Reuters: “This is unrivaled for Thailand and complicated for travelers … who lose all flexibility.”

An approved Thailand pass can only be used one week before or after the specified date.

The Tourism Council added that the need for a system of individually filed documentation has made it difficult to bring tour operators together.

A spokesman for the Thai Coronavirus Task Force, Taoisin Visanuyothin, said the measures had been relaxed and acknowledged that domestic arrivals were increasing, with more tourist arrivals coming from abroad than from Assad.

However, Thailand’s stagnant approach to relaxing the rules has also caused confusion. The entry of vaccinated tourists with limited quarantine resumed in February after a brief suspension on the Omicron variant.

At the time, travelers had to undergo at least three Covid-19 polymerase chain reaction (PCR) tests; Before departure, on arrival and on the fifth day of their stay.

In March, that final test was quickly replaced with an antigen test, and insurance coverage dropped from $ 50,000 to $ 20,000. In April, the pre-departure PCR test was canceled.

From next month, insurance of $ 10,000 is required but vaccinated passengers are excluded from testing and advance hotel booking. – Chait Setbunsarang / Reuters

Less empty High Street stores after the economy reopened

In the first three months of the year, the number of empty shops in town centers and shopping malls fell again, but still significantly more than it was before the epidemic.

According to data compiled by the British Retail Consortium and local data companies, at the time of the third lockdown early last year, 14.5 per cent of UK stores were empty. According to their latest report, the number dropped to 14.4 percent by the end of 2021 and again to 14.1 percent in the first quarter of this year. Closures include shops on high streets, shopping centers and retail parks.

This is the first time since the spring of 2016 that the overall vacancy rate has declined in a drawn quarter, and the biggest quarterly decline since consortium began collecting data in 2015.

However, there are still many more empty stores before the coronavirus outbreak began, when the emptiness rate stood at about 12 percent.

Helen Dickinson, chief consortium of the consortium, said the economy had completely restarted, more city workers were back in office and more tourists were out on the streets. The BRC noted that there was “uncertainty ahead” due to Ukraine’s rising cost of living and the war, which has contributed to lowering consumer confidence at the lowest level since the global financial crisis in 2008.

The vacancy rate has improved in all types of retail positions in the first quarter. Shopping centers have always had a larger proportion of empty stores than elsewhere, a trend exacerbated by the epidemic. Just two years ago, about 14 per cent of UK mall retail units were empty, with 19 per cent of them now. However, it dropped from 19.1 percent in December and 19.4 percent last summer

The vacancy rate on highways fell to 14.1 percent from 14.5 percent in the second quarter of last year. Retail parks remain the most popular destination for retailers, with an average vacancy rate of 10.6 percent, down from 11.5 percent a year earlier.

The Northeast has the biggest drop in vacancy rates, but at 18.8 percent it still has the highest proportion of boarded-up stores in the country. In London, the vacancy rate rose from 11 per cent to 11.1 per cent, although it remained in the region of the smallest proportion of shuttered shops.

The US economy contracted in the first quarter; Trade, inventory mask underlying energy


WASHINGTON – The U.S. economy contracted unexpectedly in the first quarter amid a resurgence of the Coronavirus Disease 2019 (COVID-19) case and a reduction in epidemic relief money from the government, but output declines are misleading as domestic demand remains strong.

The first decline in gross domestic product since the brief and sharp epidemic recession nearly two years ago, reported by the Commerce Department on Thursday, was largely driven by a widening trade deficit and a slowdown in inventory savings due to rising imports.

A measure of domestic demand has accelerated from the fourth quarter rate, which eliminates the risk of stability or recession. The Federal Reserve is expected to raise interest rates by 50 basis points next Wednesday. The US Federal Reserve raised its policy interest rate by 25 basis points in March and is likely to start cutting its asset holdings soon.

“The economy is still showing some resilience, but the first-quarter GDP report indicates the onset of more moderate growth this year and later, mainly in response to higher interest rates,” said Sal Gutierrez, a senior economist at BMO Capital Markets in Toronto. . “Despite the contraction, the Fed has little choice but to aggressively increase inflation in May.”

Gross domestic product (GDP) fell 1.4% year-on-year in the last quarter, the government said in its advance GDP estimates. The economy grew at a strong 6.9% pace in the fourth quarter. Economists surveyed by Reuters have forecast GDP growth of 1.1%. Estimates range from a 1.4% contraction rate to a 2.6% growth rate.

The economy has also been hit by supply-chain challenges, labor shortages and massive inflation. The fall of the last quarter is a head net because in the fourth quarter of 2019 the GDP remained 2.8% above its level and the economy grew by 3.6% year on year. In addition, 1.7 million jobs were created in the first quarter, and production output grew at a rate of 5%.

“It’s nonsense that real GDP has fallen,” said Conrad Dicodros, a senior economic adviser at New York’s Brain Capital.

But discrepancies indicate poor productivity in the last quarter.

Front-loading by traders contributed to the increase in imports due to fears of deficit due to the Russia-Ukraine war. Exports declined, causing the trade deficit to widen sharply, cutting GDP growth by 3.20 percentage points, the most since the third quarter of 2020. Trade has now pulled on growth for seven consecutive quarters.

As local producers do not have the capacity to increase production, businesses are turning to imports to meet demand. Business inventory grew at a slower pace of $ 158.7 billion, from $ 193.2 billion in the October-December quarter. Inventory investment fell 0.84 percentage points from GDP growth.

Stocks were higher on Wall Street as investors stopped dropping GDP. The dollar has risen against the basket of currencies. US Treasury prices have fallen.

Strong demand

Consumer spending growth, which accounts for more than two-thirds of U.S. economic activity, rose to 2.7% from 2.5% in the fourth quarter, although the coronavirus-driven coronavirus case hit by the cold wave is optional.

The loss of epidemic money from the government was partially offset by rising wages in a tight labor market. Government spending fell for the second consecutive quarter.

A separate report from the Department of Labor on Thursday reinforced the labor market situation by showing that the initial demand for state unemployment benefits fell seasonally from 5,000 to 180,000 in the week ending April 23. There is a record of about 11.3 million job openings at the end of February. , Employers are desperately hanging on to their employees.

Even after rising food and petrol prices, there are no signs of consumers retreating. Government inflation in the economy rose to 7.8%, the fastest in 41 years after rising 7.0% in the fourth quarter. By all means, inflation has exceeded the Fed’s 2% target.

At least $ 2 trillion in additional savings saved during the epidemic is providing a cushion against inflation.

Labor shortages have seen an increase in business investment, with equipment costs rising 15.3% in the last quarter. They mostly bought computers and industrial equipment.

This is combined with solid consumer spending to raise final sales to private domestic buyers at a 3.7% rate. This measure of domestic demand, excluding trade, inventory and government spending, grew by 2.6% in the fourth quarter. Final sales to individual home buyers account for about 85% of the total cost.

The housing market has gained another second consecutive quarter, but with the 30-year fixed mortgage shooting above 5%, the outlook is uncertain.

While concerns remain that the Fed could aggressively tighten monetary policy and push the economy into recession, most economists are unsure, pointing to strong domestic demand and signs that inflation is peaking.

The last quarter was driven by consumer spending services. Changes in product demand will help reduce pressure on the supply chain, although coronavirus-related lockdowns in China pose a risk.

“The US economy is nowhere near the recession,” said Gus Foucher, chief economist at PNC Financial in Pittsburgh, Pennsylvania. “Underlying demand remains strong, and the labor market is in excellent shape. Growth will resume in the second quarter.” – Lucia Mutikani / Reuters

The AI ​​platform has introduced manual work to alleviate the pain of recruitment

Talent recruitment and hiring is one of the most important HR functions. Currently, employer demand for workers in the Philippines is very high and this is accelerating the trend known as the great resignation in our world. This means employers are meeting the deadline to ensure quality talent is properly identified and recruited immediately before the competition.

However, it is easier said than done that an average employer spends at least three to five hours each working day on CVs or resumes as well as initially interviewing applicants. This is the most manually intensive part of the process. The time used by employers at this stage may be applied to other priorities.

This insight has inspired Metrocity AI to create a recruitment platform that solves the long hours of pain spent on CV screening and initial virtual interviews. Companies may use the Asynchronous Video Interview (AVI) functionality on the platform to invite applicants to record themselves on camera as they answer questions related to the culture-fit, behavior and skills provided by the company.

The videos of the submitted applicant are then processed by the platform. Applicants with the answers lined up with the company proceed to the next step. As it uses AI, the platform further refines the answers and profiles that will pass the screening process, creating a powerful screening system unique to a company as it processes more applicants.

The platform also has a CV screening function that matches unprocessed CVs with job opportunities in the company. Once matched, it will send an invitation to pre-screened applicants to conduct asynchronous video interviews at their own time.

This month, MetroCity unveiled a Freemium package for AI companies. This means that companies can use the platform absolutely free.

MetroCity AI is part of UP Diliman’s UPSCALE Incubation Program’s Batch 10 startup. They are from UP Engineering Research and Development Foundation, Inc. (UPERDFI) and a recipient of Accenture Startup Grants through UPSCALE Innovation Hub.

For more information and to sign up for a freemium account, see Or email the founders at [email protected]

Transfer to a modern, sustainable workplace with Lenovo Device as a Service (DaaS)

IT solutions and services that help companies setup post-epidemic work from anywhere are an integral part of business continuity and growth. Lenovo, one of the world’s largest PC makers, offers a new way to deliver the latest devices to customers through Lenovo devices as a service (DaaS) model.

Available through Integrated Computer Systems, Inc. (ICS), a Lenovo Platinum partner and leading provider of IT solutions in the Philippines for over four decades, Lenovo DaaS allows businesses to operate from anywhere, within their budgets and without compromise. Entertainment.

Since the onset of the COVID-19 epidemic, businesses have increasingly turned to IT services to enable employees to work from a distance. Research shows that IT consumers want to pay for exactly what they want, when they want.

With Lenovo Device as a Service (DaaS), companies of all sizes can now experience a customized modern IT environment with top-of-the-line technology across a full range of Lenovo products, including devices and support and lifecycle services.

The solution introduces a new way for business owners to collect end-user technology that simplifies their organization’s IT management – from reducing the cost of providing hardware devices for the team to integrating it with a variety of software and services, offering a single, predictable periodic. Fees.

Lenovo DaaS enables organizations to move customers to a user-driven, digital environment by strategizing a device catalog that matches the right solution with the right users. Lenovo’s experts work closely with companies through Lenovo Premier Support, assisting them in managing configuration tasks, installing new devices to employees, and resolving technical issues with the convenience of having a point of contact. This ensures operational and cost effectiveness.

IT expenses often account for a significant portion of an organization’s operating budget. DaaS and it offers software and services bundled with hardware, allowing companies to outsource strategically expensive personal IT requirements or completely eliminate the entire PC support lifecycle from their workload, reducing the burden on internal parties and, more importantly, on the company’s profits. Tracking and reporting dashboards that provide details on resource tracking usage, software installation and breaches can be added as part of the service.

Lenovo DaaS also offers the option to quickly increase or decrease the scale based on the current operating environment and business needs. Whether it’s growing or shrinking, companies can pay for exactly what they need, when they need it. With Lenovo services, obsolete hardware can be easily disposed of, allowing businesses to avoid financial losses related to accelerated devaluation schedules and weak liquidation standards at the end of the unit’s life cycle.

Lenovo pushes the boundaries of DaaS service delivery and continues to set new standards for IT support. The business of buying PCs is changing. DaaS is the future.

Contact for more information [email protected] Or visit

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RCBC participates in PHL’s first ETF deal

The RCBC is also part of the ACEN Leadership Team led by Chairman Fernando Jobel de Ayala, President and CEO Eric Francia, CFO Maria Corazon Dijon, SLTEC CEO Miguel de Jesus and SLTEC President and CEO Miguel Angelo Fernandez. BPI Capital Corporation President Roda Huang, RCBC President and CEO Eugene S. Asevedo and BPI Executive Vice-President and Head of Corporate Banking John-C Sekia.

Rizal Commercial Banking Corporation (RCBC) has entered into the first Energy Transition Financing (ETF) agreement in the Philippines to re-invest funds in renewable energy for the rapid liquidation of a coal-fired power plant.

This month, RCBC Corporate Banking Group and RCBC Capital Corporation AC Energy Corp. (ACEN) has signed an ETF financing agreement for South Luzon Thermal Energy Corporation (SLTEC), a subsidiary of Ayla Corporation.

“In 2020, RCBC will stop funding new coal-fired power plants when resources are redirected to renewable energy projects, and our participation in this ETF agreement is part of that commitment,” said Eugene S., RCBC President and CEO. Acevedo says 6

As part of the ETF agreement, ACEN has signed a revised and restored public loan and security agreement with Calaca, Batangas, one of RCBC’s major lenders for SLTEC’s 2 × 135-megawatt (MW) power plant.

In a regulatory filing, ACEN explained that the loan facility of up to P13.7 billion was intended to refinance SLTEC’s outstanding P9.8-billion loan facility, partial redemption of capital in SLTEC held by ACEN and other transaction-related financing. Instead of costs, ACEN will use the proceeds of equity redemption to reinvest in renewable energy projects.

Through this process, ACEN’s power plant will be shut down by 2040 or 15 years before the plant’s technical life.

ACEN explained that the concept of this agreement with RCBC and another bank adopts the principles of the Energy Transition Mechanism (ETM) operated by the Asian Development Bank (ADB) in South and Southeast Asia.

ETM aims to use public, private and public funding to provide low-cost funding to help coal-fired power plants accelerate their retirement and jump-start reliable and affordable clean energy.

RCBC has been implementing its environmental and social management system since 2011 under the direction of the International Finance Corporation (IFC). This collaboration has continued for more than a decade now.

“RCBC has gained access to the Partnership for Carbon Accounting Financials (PCAF) and the 2nd Degree Investing Initiative (2DII) for the use of the Capital Transition Assessment (PACTA) method under the Paris Agreement, as directed by the IFC. The PACTA methods of PCAF and 2DII will enable RCBC to build a portfolio of low-carbon and climate-resilient lending. The recent ETF with ACEN serves this purpose, “said Mr. Acevedo.

THR reveals its future; Ladder as the country’s first growth agency

Manila, April, 2022 – After more than 2 years of distant work, the Huddle Room, the Sofitel Hotel, is reunited in Pass City. Ready for their best return to office attire, they officially started their ninth anniversary in 2023 as a prelude to the decade of its existence. They unveiled its future as an agency that stood for nine years as a start-up shop that turned out to be a standout with multiple recognitions, achievements and wins. Huddle Room has strengthened its grip on a growth mentality that is ready for a go, get and growth attitude. It has officially announced its growth leadership team to further strengthen its firm as the country’s premier growth agency. The launch ended with a dinner by the bay and unlimited drinking along the bay.

Growth story: Friends before partners

The story of the growth of the huddle room began with the assurance of partnership. Led by Dimple Cruz and talking to founders backed by Eugene Manalo, Julia Garcia, Pat Dijon and Rina Robles, as mentioned earlier, they always come back to the basics of why they started? “We started dreaming of an agency as 6 friends but only 5 of us were able to grow the agency in the end when we forged our commitment to increase our services.”

A bond that grows over time

Equipped with unwavering honesty and sheer hard work – a bond that has made 5 of them overcome challenges. They now have The Huddle Room, describing how they forged that bond from a small room. “We were kept in a small room because we were a pitch team … Hindi Kami Umuui, but we were very happy in that small room … Don’t be a friend” (Rina Roebels)

Fuel by growth determination

When they started, their skills were sharpened by courage – like learning digitally from 0. They really embrace the growing of their skills. Whatever the path, they were not up to the challenge. “When we started, everyone said we would fail. It’s not always pink, but one thing is for sure, one for everyone, one for everyone “(Dimple’s Cruise).

Change for growth

Even as they get older, these five founders are always going to be the sole authors of a new chapter in their story. “Kahit is not 9 years old, so I’m glad to hear that everyone is open to change, to new things” (Julia Garcia)

Increase from the inside

While they are constantly facing external changes and challenges, the 5 founders should not forget that growth should start from within. “We are built to create organic growth. Even though we started out as media, we have gradually expanded our business as well as our clients’ business. ” (Eugene Manalo)

Grow a new path

While acknowledging that they were created by great mentors and leaders, they acknowledge the need to change and do some balanced work and embrace changing the rules. “Every day there is a subtle balance of work to grow the company, but at the same time how our people will enjoy their work and grow with us.” (Pat Disney)

Embracing change and realizing a new path with determination and courage led these stories toward the essence and purpose of The Huddle Room – for growth. Witnessing the growth of their people, partners and brands makes their work enjoyable, exciting and rewarding.

The country’s premier growth agency

Inspired by our growth story, The Huddle Room is committed to helping everyone find their own growth path and will do everything possible to enrich and empower everyone’s journey toward optimal and overall growth – for themselves, for the organization and for the things we all value.

As the country’s leading growth agency, THR believes that everyone will grow with it

As their essential partner to clients, raw and diverse talents across the country.

This belief is anchored on the foundation of the organization built from faith.

  • The unquestionable principles and ethics of the founders.
  • Customized integrated growth strategic approach
  • Edge them and through an agile and growing mindset
  • Promise to build lasting relationships.

In an industry, crowded with creative, media and digital agencies, THR is proud to be at the top. We are a growth agency.

Because that is our greatest wish – that everyone grows up with us.

Learn more about Huddle Room so you can grow up with us. / [email protected] /

UNO Digital Bank aims to capture bankless in big cities

UNO Digital Bank seeks to capture disadvantaged and bankless individuals in the country’s major cities in line with the financial inclusion goals of Banco Central NG Polypinus.

UNO Digital Bank seeks to capture underdeveloped and bankless individuals in the country’s largest cities as it prepares for its target second-quarter launch.

“Opportunity is in the big city itself fiFirst – NCR (in the National Capital Region), Davao – Giant, ”co-founder and CEO of UNO Digital Bank andffiManish Bhai said this at a media roundtable meeting held in Makati on Tuesday evening.

“First, you have to fix it and then expand. Today the situation is the same in many countries. I think people are getting comfortable with digital, even on small islands – everywhere, “he added.

The bank aims to start operations this quarter after finalizing regulatory issues with Bangko Sentral ng Pilipinas (BSP).

To help bridge the financial inclusion gap, UNO Digital Bank’s goal is to go beyond account creation because they ensure that credit will be more accessible to previously bankless and disadvantaged people, Mr. Brothers said, adding that currently only 10% of Filipinos have access to credit. From the bank

“I think in the mass market, we’re talking about credit [for the] underserved, underbanked, which again, is significant bucket. [There are] Mentioning different products, different age classifications, diffThe first scale of employment – some self-employed, some professionals – changes the level of income, “said Vivek Kumar, Head, UNO Digital Bank for Debt, Finance and Ecology.

Mr Kumar said the bank wanted to make loan applications “cheaper and faster”

“If they are eligible, there should be no reason for their loan application to take more than a few minutes,” he said.

In the meantime, Mr. Brothers said they would tap alternative credit data, including mobile behavior, social media, and online usage behavior on ride-hailing and food ordering platforms.

Amid rising cyber security risks, the bank said it was putting in place security measures to protect its potential clients from fraud and unauthorized transactions.

Chito Africa, head of technology at UNO Digital Bank, said they would use biometrics to ensure clients are safe, among others.

“If it’s out of (the transaction) [usual] Behavior, perhaps suspicious, [then] We will not allow push through transactions. We will give oneff“Erent monitoring to let us know if there are any people trying to get into our system who are not supposed to be there,” said Mr Africa.

Meanwhile, Mr. Bhai said their services will only be available through an app as it will not set up a web platform to prevent cyber security risks.

“We only have the app, we don’t have a web version because a lot of research has shown that the app is much more secure than a web interface,” he said.

“It also boils down to a lot of consumer education, which is our plan,” he added.

Supported by UNO Digital Bank Singapore-Headquarters DigibankASIA Pte. Ltd. It secured its digital banking license from BSP in June 2021.

Digital Bank andffThere is no need to set up er services and branches through online platforms.

The central bank hopes that these lenders will help it reach its goal of becoming part of the formality of 70% of Filipino adults. fiFinancial arrangements by 2023. – LWT Nobel