Archive for July, 2012

DBP extends financial assistance to AyalaTBI locators under its Retail Lending for Micro and Small Enterprise Program

The Development Bank of the Philippines (DBP) recently met with AyalaTBI locators as part of their efforts to assist businesses under the Bank’s Retail Lending for Micro and Small Enterprises.  Present during the discussions were Mr. Romeo B. Carandang, Assistant Vice President and Ms. Leonore L. Tianco,  who  echoed the need to address the financing requirements of enterprises whose credit applications go unnoticed by commercial banks either because the loan request is too small or the collateral requirements too hefty.

For more information on the Bank’s program, please visit:


July 22, 2012 at 2:59 am Leave a comment

Showcasing Pinoy Ingenuity in I.T.

Last July 11, 2012 Ayala Foundation’s Technology Business Incubator (AFI TBI) hosted the first stop of the 7th Ambassadors, Consuls General, and Tourism Directors (ACTGD) Tour at the UP-AyalaLand TechnoHub. The ACTGD is a joint project of all Philippine Foreign Posts in the United States and Canada in cooperation with the Department of Foreign Affairs, Department of Tourism and the Department of Trade and Industry.

The program started off with Mr. Elmer San Pascual, Head of Promotions and Public Relations Office, PEZA briefing the delegation on the government’s efforts in promoting investments, creating employment, and generating exports. The Philippines has increased its competitive edge against other Asian countries as India, China, Malaysia, Vietnam and Indonesia because of its Filipino workers who are now being referred to as Global Knowledge Workers specially in the IT sector. AFI TBI showcased the talent and the potential of the country’s human capital by featuring the Kaspersky Lab 2012 Student Conference Global Cup Winners Joshua Arvin Lat, Kevin Charles Atienza and Rod Xavier Bondoc, fresh graduates of Computer Science, UP Diliman under Susan Pancho-Festin, PhD. This team was one of the two Philippine teams that won the Asia Pacific and EMEA part of the competition and was able to surpass the competitors from the regional grounds in North America, Europe, Russia and the Commonwealth Independent States, Middle East and Africa during the global cup at the Delft University of Technology in Netherlands. Lat and Bondoc impressed the audience with their winning entry: “SOUL System: Secure Online USB Login System”. This basically involves a two-factor authentication scheme using a password and a converted ordinary hardware token (e.g. USB flash drive, computer, cell phone) into a security token.

Start-up companies with the likes of BabyPips, TrafficDito, Symphony Consulting, and Systema Computer Solutions Corp also talked of their current undertakings in the incubation facility. IBM’s Research and Development Executive, Mr. Jay Sabido, capped off the event by sharing the multinational company’s view on the Philippines as a key growth market area. IBM’s presence in the country counts 75 years and its belief in the Filipinos’ capabilities and potential is one reason for this. IBM’s goal, according to Jay is help spur the tech industry in the country through new innovations that matter.

July 11, 2012 at 2:16 am Leave a comment

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