New micro and small businesses formed by Filipinos flourished during the pandemic, and continued operating even in the new normal on the back of “considerable community support,” a new study from Manulife Philippines revealed.
In a report entitled “Filipino entrepreneurship and the bayanihan spirit: The resurgence of micro and small businesses in the Philippines,” it found that four in 10 Filipinos surveyed established micro and small businesses during the Covid-19 pandemic.
Their primary reasons for venturing into business were to earn income , to maintain financial stability , and to provide convenience and accessibility to people . Furthermore, 51 percent said that they are very likely to continue their patronage of small businesses.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Main suspect in ambush-slaying of Maguindanao police chief killed after resisting arrestThe principal suspect in the ambush-slaying of a police chief in Maguindanao was killed after he resisted arrest during a law enforcement operation conducted by police and military operatives on Saturday, Feb. 18 in the city.
Read more »
Fire displaces 7 families in ValenzuelaSeven families were displaced after a fire gutted around 10 houses on Engracia Street in Elysian Subdivision, Marulas, Valenzuela City on Saturday, Feb. 18.
Read more »
Phivolcs logs over 500 tremors after 6.0-magnitude Masbate quakeThe tally of aftershocks following the 6.0-magnitude Masbate quake has already hit 542, said the Philippine Institute of Volcanology and Seismology (Phivolcs) on Saturday afternoon, Feb. 18.
Read more »
PDEA destroys seized 28 kilos of shabu, 163 grams of marijuana in Central VisayasIllegal drugs composed of 28 kilos of shabu and 163 grams of marijuana with a combined value of P191 million were destroyed on Saturday morning, Feb. 18, here.
Read more »
More ‘People’s Streets’ launched in PasigAs part of the “People’s Street” initiative of the Pasig City local government, Kapasigan Boulevard (Industria Extension) in Barangay Kapasigan will be closed to vehicular traffic every Sunday starting on Feb. 19.
Read more »
Two persons transporting illegally-cut narra flitches in Kalinga arrestedTwo individuals were arrested after their truck loaded with illegally sawn narra flitches worth P600,000 was intercepted by police authorities in Barangay Camalog, Pinukpuk, Kalinga on Thursday, Feb. 16.
Read more »