{"id":5088,"date":"2022-05-20T09:00:00","date_gmt":"2022-05-20T01:00:00","guid":{"rendered":"https:\/\/blog.ninjavan.co\/en-ph\/?p=5088"},"modified":"2022-12-15T16:15:21","modified_gmt":"2022-12-15T08:15:21","slug":"business-brief-may-20-2022","status":"publish","type":"post","link":"https:\/\/blog.ninjavan.co\/en-ph\/business-brief-may-20-2022\/","title":{"rendered":"Business Brief: New EO #169 to Protect MSMEs and Franchising Industry."},"content":{"rendered":"\n

Here are the latest business and ecommerce news from the past week. We hope you had a profitable week, ka-Ninja!<\/em><\/p>\n\n\n\n

DTI welcomes Palace EO on protections of MSMEs and franchising industry<\/h2>\n\n\n\n

The Department of Trade and Industry (DTI) on Wednesday welcomed President Duterte\u2019s issuance of Executive Order (EO) 169, which seeks to protect micro, small and medium enterprises (MSME) and the franchising industry.<\/p>\n\n\n\n

Trade Secretary Ramon M. Lopez <\/strong>said EO No. 169 titled \u201cStrengthening the Franchising Industry for the Protection of Micro, Small and Medium Enterprises\u201d underscores the need \u201cto protect these MSME investors from opportunists and scams that take advantage of small entrepreneurs.\u201d<\/p>\n\n\n\n

More on Business Mirror Online<\/a><\/p>\n\n\n\n

5 ways an efficient supply chain and logistics management system can boost business<\/h2>\n\n\n\n

Most recently, the global supply chain has gone through massive delays in the movement of goods due to the pandemic. <\/p>\n\n\n

\n
\"Logistics
Image from Unsplash<\/a><\/em><\/figcaption><\/figure>\n<\/div>\n\n\n

According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) 2021 trade report, 73% of the respondents have encountered significant delays from the supply side due to widespread factory closures, illness, loss of talent and skills, as well as disruption on the transportation network. In Southeast Asia, for instance, container vessels may have to wait five to seven days from a maximum of two days to unload shipments in Singapore due to port, depot, and warehouse congestion.<\/p>\n\n\n\n

Read more on Business World Online<\/a><\/p>\n\n\n\n

Financial consumers\u2019 protection now a law<\/h2>\n\n\n\n

Among his last acts as chief executive, President Duterte signed into law a measure requiring financial service providers to strengthen mechanisms for protecting what the bill\u2019s main sponsor described as \u201cfinancial consumers\u2019 rights to redress, information and privacy.\u201d<\/p>\n\n\n\n

Duterte signed Republic Act (RA) No. 11765 or the Financial Products and Service Consumer (FPSC) Act, which will regulate financial service providers (FSP) and \u201cinvestment providers\u201d and giving regulators more muscle to run after the errant players.<\/p>\n\n\n\n

Details on Business Mirror Online<\/a><\/p>\n\n\n\n

High debt, low revenue bottlenecks to growth<\/h2>\n\n\n\n

High debt load and low revenue collection will become bottlenecks to the country\u2019s return to a rapid and sustainable economic growth path, the Department of Finance (DOF) said.<\/p>\n\n\n\n

As the government transitions to the next administration, Finance Chief Economist Gil S. Beltran<\/strong> said that fiscal consolidation and improved tax collection will be very critical for the overall resilience of the economy.<\/p>\n\n\n\n

More on Manila Bulletin Online<\/a><\/p>\n\n\n\n

GCash: No plans for digital bank for now<\/h2>\n\n\n\n

GCash (G-Xchange, Inc.), the country\u2019s top financial app, has \u201cno plans to get a digital banking license at the moment\u201d, although it\u2019s not saying never, the company told Manila Bulletin.<\/p>\n\n\n

\n
\"Gcash<\/figure>\n<\/div>\n\n\n

Asked what Gcash can do that a digital bank cannot do, the company responded, \u201cOur position as a platform player gives us the opportunity to continue to collaborate with other financial institutions so that they can offer their products to our 60 million and growing digitally-savvy user base.\u201d<\/p>\n\n\n\n

Read more on Manila Bulletin Online<\/a><\/p>\n\n\n\n

Business Insights & ECommerce Tips<\/strong>
The Ninja Van Blog<\/strong><\/a> provides business insights, industry trends, Marketing and Branding tips, and weekly curated news related to business and ecommerce. Our blog is here to help MSMEs and DTC (direct-to-customer) companies grow their business and reach their brand goals.<\/p>

Subscribe to our Ninja Van blog newsletter by registering below (scroll to the bottom of this page to sign up!). For comments and inquiries, send us an email at ph-commercial-content@ninjavan.c<\/a><\/strong>o<\/strong>.<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

The newly-signed Executive Order 169 seeks to protect MSMEs from scams and bad investments. Plus more business and ecommerce news.<\/p>\n","protected":false},"author":5,"featured_media":5219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"New Executive Order (EO) 169 to Protect MSMEs","_seopress_titles_desc":"The newly-signed Executive Order 169 seeks to protect MSMEs from scams and bad investments. Plus more business and ecommerce news.","_seopress_robots_index":"","footnotes":""},"categories":[61],"tags":[180,122,390,389,362,388,353,391],"class_list":["post-5088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weekly-business-briefs","tag-business-news","tag-ecommerce","tag-eo-169","tag-franchising","tag-gcash","tag-logistics","tag-msmes","tag-philippine-economy"],"_links":{"self":[{"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/posts\/5088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/comments?post=5088"}],"version-history":[{"count":5,"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/posts\/5088\/revisions"}],"predecessor-version":[{"id":5220,"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/posts\/5088\/revisions\/5220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/media\/5219"}],"wp:attachment":[{"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/media?parent=5088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/categories?post=5088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/tags?post=5088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}