Business News

siklab award announcement

Recognising Young Entrepreneurs Who Will Change the World

The Philippine Investment Management Consultants Inc. or PHINMA for short, has decided to create an award recognizing young leaders with the potential to be game changers in society. This new award-giving body is now called “SIKLAB”, symbolizing the spark embodied by today’s youth. Trailblazers with a passion for nation-building, possessing strong entrepreneurial skills, and established young leaders are what SIKLAB aims to bring into the spotlight.

The SIKLAB award is inspired by influencers of the past, Ramon V. Del Rosario, founder of the PHINMA itself, in particular. RVR is known for his philanthropic work: sending underprivileged children to school and contributing in the establishment of the Restorative Prison Justice System through the Smokey Mountain Foundation.

SIKLAB is currently screening potential nominees, with its first awardee still to be determined. To learn more about this, you can read the full article here.

JAPAN-US-TELECOM-SOFTBANK

Japanese Billionaire Shares the Secret Behind his Success

Masayoshi Son, the founder of SoftBank Vision Fund, recently gave a talk to startup CEOs during a press conference in which he shared trade secrets that helped him succeed. SoftBank World is an annual conference for Japanese Telecoms, but this year the primary audience were business owners who have all taken money from the $100 Billion fund owned by Son.

Son’s core advice to all the entrepreneurs in the audience: treat each other like family. Help other startups by creating connections through favorable deals that will help both parties grow faster. Masayoshi Son is also known as an early investor in Alibaba, which helped him bounce back from a devastating loss in the early 2000’s. He holds quarterly gatherings across various locations in the US and Japan.

To learn more about his story, you can read it here.

customer service representatives

Incoming 70,000 BPO jobs in the PH for 2018

Good news for Filipinos: The Business Process Outsourcing industry expects an influx of over $1 Billion in revenues, and generating over 70,000 new jobs. According to the Contact Center Association of the Philippines, the BPO industry will grow by 7 to 9 per cent this year. Aside from Information Technology courses, businesses are looking to hire more Statistics and Mathematics majors for data analytics.

Although BPO companies worry about the possibility of AI replacing jobs in the industry, the Philippine government is confident that workers will be able to adapt to the changing technological climate. The government is also revisiting tax perks under the second tranche of reforms currently being pushed in Congress. This helps entice businesses of any scale to choose the Philippines as an outsourcing hub.

To learn more about this forecast, click here to view the full article.

greater springfield

Building a New City from Creating Jobs

Raynuha Sinnathamby, the Managing Director of Springfield City Group, aspires to create a new city by striving to reach their ambitious goal of producing at least 50,000 jobs for the area despite Greater Springfield only having 40,000 residents. The Springfield City Group is responsible for the master development of the Springfield Area, and Sinnathamby shares her journey on how she achieved success in her career.

According to Sinnathamby, it was learning from her failure that drove her career forward. “Certainly, we’ve had so many challenges and obstacles with our own project, we became so used to people in our project saying ‘no you can’t do this’ it was almost a standard line that everyone used…But it became our standard line to say back, ‘it’s only a no until it becomes a yes’. I think failure makes us more resilient as people and gives us the ability to support others as well as cope within ourselves,” she shared while discussing her experiences in working on the project.

To read the full article about Raynuha Sinnathamby’s project, click here.