{"id":6145,"date":"2022-09-02T09:00:00","date_gmt":"2022-09-02T01:00:00","guid":{"rendered":"https:\/\/blog.ninjavan.co\/en-ph\/?p=6145"},"modified":"2023-07-25T10:27:43","modified_gmt":"2023-07-25T02:27:43","slug":"business-brief-sept-2-2022","status":"publish","type":"post","link":"https:\/\/blog.ninjavan.co\/en-ph\/business-brief-sept-2-2022\/","title":{"rendered":"Business Brief: PH Among Most Promising Markets for TikTok Shop"},"content":{"rendered":"\n

We hope it’s been a profitable week for you, ka-Ninjas! We’re here again with the top business and ecommerce news for you.<\/em><\/p>\n\n\n\n

Southeast Asia projected to be most promising region for Tiktok Shop<\/h2>\n\n\n\n

THE shopping feature of popular social media platform TikTok <\/a>is expected to thrive in the Philippines and the rest of Southeast Asia as they have the most number of active users globally alongside a vibrant e-commerce space, according to digital logistics firm Locad.<\/p>\n\n\n\n

Tiktok Shop allows merchants, brands and creators to sell products via the platform.<\/p>\n\n\n\n

Read more on Inquirer.net<\/a><\/p>\n\n\n\n

Big business groups vow to help MSMEs attain growth<\/h2>\n\n\n\n

AT least 37 of the country’s biggest business organizations pledged to help the government attain inclusive growth for micro, small and medium enterprises (MSME) for a more robust economy.<\/p>\n\n\n

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\"small
Image from Getty Images<\/a><\/em><\/figcaption><\/figure>\n<\/div>\n\n\n

“We commit ourselves to the development of programs anchored on the 3Ms \u2014 Mentorship, Money and Market \u2014 to realize for our country and the Filipino people the goal of achieving prosperity for all,” the group said in a statement.<\/p>\n\n\n\n

Full story on The Manila Times<\/a><\/p>\n\n\n\n

Filipina-owned SMBs can add $40B to GDP<\/h2>\n\n\n\n

FILIPINA-OWNED businesses can add $40 billion to the Philippines\u2019 annual Gross Domestic Product (GDP) by 2025, creating wealth not just for themselves but for their communities, according to Macy Castillo<\/strong>, CEO and co-founder of Enstack, a female-led superapp digitizing daily business tasks.<\/p>\n\n\n\n

Already, nine in every 10 small business owners in the Philippines are female<\/a>, she noted, citing the most recent Department of Trade and Industry statistics.<\/p>\n\n\n\n

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

Redundant and wasteful: Group nixes DTI\u2019s proposed ecommerce platform<\/h2>\n\n\n\n

DIGITAL advocates have called out the Department of Trade and Industry (DTI) on its planned e-commerce platform, saying that it is unnecessary and not responsive to the actual needs of micro, small and medium enterprises (MSMEs). <\/p>\n\n\n

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

\u201cWhat the DTI should consider doing is providing support for MSMEs so that they can digitalize their establishments so that they can unlock broader, wider markets for their products,\u201d Digital Pinoys National Campaigner Ronald Gustilo <\/strong>suggested.<\/p>\n\n\n\n

Full story on Business Mirror<\/a><\/p>\n\n\n\n

RCBC ramps up SME onboarding<\/h2>\n\n\n\n

YUCHENGCO-LED Rizal Commercial Banking Corp. (RCBC) continues to ramp up the onboarding of small and medium enterprises (SMEs) through digitized banking solutions.<\/p>\n\n\n\n

\u201cBy empowering our SME clients with digitized banking solutions \u2013 like Check Scan or PayPortal \u2013 we are also encouraging them to integrate sustainability practices into their business operations,\u201d Maria Angela Tinio<\/strong>, first senior vice president and head of SME banking group (SMEBG), said.<\/p>\n\n\n\n

Read more on PhilStar.com<\/a><\/p>\n\n\n\n

Filipinos spend less on smartphones <\/h2>\n\n\n\n

SMARTPHONE shipments to the Philippines continued to fall in the second quarter of the year due to low demand and supply, according to the International Data Corp. (IDC). Consumer spending on smartphones is expected to continue to be under pressure from the rising cost of living and higher prices of essential goods. <\/p>\n\n\n

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

The top five smartphone brands in the Philippines in the second quarter in terms of market share were realme <\/strong>(21.8%), Transsion <\/strong>(20.5%), Xiaomi <\/strong>(14.6%), Samsung <\/strong>(11.8%), and vivo <\/strong>(10.7%).<\/p>\n\n\n\n

Full story on Business World Online<\/a><\/p>\n\n\n\n

BIR, Customs get P3.5-B digitalization funds<\/h2>\n\n\n\n

THE government\u2019s two main tax agencies secured more than a quarter of the Marcos administration\u2019s budget for information and communications technology (ICT) next year, the Department of Budget and Management (DBM) said.<\/p>\n\n\n\n

Budget Secretary Amenah F. Pangandaman<\/strong> said on Wednesday, Aug. 31, that the Bureau of Internal Revenue (BIR) and Bureau of Customs will receive P3.56 billion in 2023 to fund their digital transformation programs.<\/p>\n\n\n\n

More details 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 ecommerce businesses, 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 Philippines and the rest of Southeast Asia is projected to be TikTok Shop\u2019s most promising region. Plus more top business news that matter to you.<\/p>\n","protected":false},"author":5,"featured_media":6155,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"PH Among Most Promising Markets for TikTok Shop","_seopress_titles_desc":"The Philippines and the rest of Southeast Asia is projected to become Tiktok Shop\u2019s most promising region. ","_seopress_robots_index":"","footnotes":""},"categories":[61,1536],"tags":[559,560,557,561,558,556,194,555],"class_list":["post-6145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weekly-business-briefs","category-tiktok","tag-best-selling-smart-phones","tag-digitized-banking-solutions","tag-ecommerce-platform","tag-filipina-business-owners","tag-smartphone-sales","tag-sme-digitization","tag-tiktok","tag-tiktok-shop"],"_links":{"self":[{"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/posts\/6145","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=6145"}],"version-history":[{"count":12,"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/posts\/6145\/revisions"}],"predecessor-version":[{"id":6168,"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/posts\/6145\/revisions\/6168"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/media\/6155"}],"wp:attachment":[{"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/media?parent=6145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/categories?post=6145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.ninjavan.co\/en-ph\/wp-json\/wp\/v2\/tags?post=6145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}