The COVID-19 pandemic-induced lockdown alone had an immediate and negative impact on business activities. A Philippine enterprise survey conducted by the Asian Development Bank (ADB) from 28 April to 15 May 2020 shows that two-thirds of businesses closed temporarily, while 29% reduced operations.
Businesses need to understand how this new world affects all of their touch points with the customer if they are to actively reinvent their own future and not be at the mercy of external events. His article shares timely advice borne out of timeless lessons.
We are living in a whole new world now. But unlike Alladin’s, our “new world” is something we could not freely explore ‒ in a magic carpet or otherwise.
The control environment of an organization will naturally change when BCP is activated. As such, it is essential to map the key processes and controls under a Business As Usual scenario and the impact of potential changes to these controls under various contingency scenarios brought about by BCP arrangements.
We see that crafting the data agenda doesn’t need to make it exclusive to either the “control/defensive” or “growth/offensive” perspective. It needs to integrate both. If we want to take control of our data agenda for the now and the future, decide and take actions fast‒through high quality data that can be virtually...
The effects of COVID-19 can be felt all around us‒daily news blaring with statistics, families worried about going hungry, citizens anxious to go back to normal, and a Philippines that is struggling to keep its economy afloat.
PwC Philippines Consulting Senior Manager Mark Aurelius V. Bantay summarizes the top ten areas that need attention in a disruptive situation from a forensic perspective.
The COVID-19 Business Impact Survey (PwC Philippines, 2020) reveals that small businesses need cash, with 44% of micro, small and medium enterprises (MSMEs) in need of better working capital management, while 39% see financing as one of their pressing needs.
As this crisis develops, banks are not merely bystanders. They have a major role in ensuring that the economy has enough liquidity it needs to survive the economic downturn and to facilitate a sustained recovery afterwards.
Know why data analytics is actually empowering companies in this new business environment, helping them emerge stronger in the long run.
What the Bangko Sentral ng Pilipinas is doing to alleviate the pressure on banks’ liquidity buffers in this new banking normal.
There’s no playbook for doing business under the new normal. But that doesn’t mean that SMEs cannot and should not begin to write one. Assurance Partner Aldie Garcia maps out strategies that an SME can consider when writing their own playbook.
