IWG Opens Four New Coworking Locations in the Philippines in May

IWG Opens Four New Coworking Locations in the Philippines in May

Thursday, May 16, 2024

         Spaces PNB Makati

IWG, the world’s largest provider of hybrid working solutions with brands including Regus, Spaces and HQ, is pleased to announce the opening of four state-of-the-art flexible workspaces in the Philippines in May 2024. These include two Regus centres; one in Nepo Centre, Angeles City, Pampanga on May 6 and the other in Adriatico, Manila on May 10. These launches were followed by the HQ Triumph building in Quezon City on May 14 and a Spaces in PNB Makati on May 15. The new, strategically situated workspaces are part of IWG’s continued global expansion, after adding 867 locations worldwide in 2023.

           Regus Adriatico

The addition of IWG's latest locations comes on the back of rising demand for hybrid working in the Philippines. According to PwC, 51% of Philippine respondents prefer the hybrid work model, with rising foreign investment, strong GDP numbers, and growing affluence driving this trend.

Expansive Network

The new locations bring IWG's presence in the Philippines to 31 centres, with the expectation for this number to exceed 40 by the end of the year – doubling the number of open locations compared to last year. This extensive IWG network includes locations in key cities such as Davao, Cagayan de Oro, Iloilo, Cebu, Subic, Angeles City, Baguio, and throughout the National Capital Region. With soon to be over 40 locations nationwide, IWG offers the largest network of flexible working spaces across the Philippines.

         HQ Triumph QC

IWG’s growth strategy of the Philippines, rooted in partnership with local partners and investors, has established a robust network of hybrid working spaces that enable businesses of all sizes to thrive. Small- and medium-sized enterprises (SMEs) have been particularly empowered by these flexspaces, utilizing them as launch pads to scale to regional, national, and even global levels. As a result, IWG Philippines continues to post outstanding numbers in margin growth, reinforced by network development with new openings.

Driving Inclusive Growth

By strategically expanding beyond Manila's central business districts, IWG guarantees businesses throughout the country access to premium and flexible workspaces. This not only facilitates economic development, but also cultivates a sense of empowerment among businesses.

Furthermore, with an annual investment of around USD64 million in its technology platform, IWG provides partners with access to all the company’s expertise as well as design and fit-out support. This model has enabled IWG Philippines to be one of the company's best performing markets globally.

As the trend towards hybrid working accelerates, the potential for further growth is exponential with an estimated 1.2 billion white collar workers globally and a total addressable market of more than USD2 trillion. With businesses requiring less traditional office space, enterprises will gradually pivot from conventional office occupancy in favour of flexible workspaces. Just last year, IWG welcomed over 800 new partner locations and now counts 83% of Fortune 500 companies among its customer base. Featuring more than 4,000 locations in over 120 countries, IWG provides members access to all its locations and business services via the IWG app. 

Lars Wittig, Senior Vice-President, APAC NORTH, IWG commented: “We are pleased to announce the opening of these four new locations in the Philippines this month. We see immense potential in the country's hybrid work landscape and as important business hubs in the region, these latest openings are aimed at strengthening our expansion plans, while levelling up the quality of the nation's infrastructure to drive its economy into the future.

These new centres are a testament to the fact companies are realising flexible working is an enabler of employee productivity and improves sustainability, while increasing scalability so that businesses can grow faster while exerting greater control over costs.”

IWG's multi-brand expansion strategy is designed to appeal to every type of business and entrepreneur. IWG creates personal, financial, and strategic value for businesses of every size, from some of the most exciting companies and well-known organisations on the planet, to individuals and the next generation of industry leaders. All of them harness the power of flexible working to increase their productivity, efficiency, agility, and market proximity.

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Protecting the growing freelancer and gig worker sector with Igloo's gadget protection

Protecting the growing freelancer and gig worker sector with Igloo's gadget protection

As the Philippines grows into a formidable digital economy, the increasing connectivity and digital infrastructure have empowered individuals to offer their skills and services globally. Freelancing or gig working allowed Filipinos to participate in the global workforce while contributing to the country’s economic resilience and competitiveness in the digital era.

Regional insurtech Igloo, whose mission is to provide insurance for all, believes in protecting this growing workforce segment. Payoneer’s 2022 report on the Philippine freelance market estimates that 1.5 million Filipinos are engaged in freelance work such as content creation and customer service for local and global clients. 

Igloo and its partners safeguard freelancers and gig workers by protecting their essential work devices such as phones, laptops, and other electronics through its Gadget Protection and Cracked Screen Protection products.

“Freelancers provide services that go beyond geographical limitations and with the added benefits of being able to work anywhere, choose flexible times, and the opportunity to showcase and hone their skills to global clientele, it’s easy to see why it’s a growing and attractive sector,” said Roberto Vea, Commercial Lead at Igloo Philippines. 

The growing freelance sector has led to the Philippine government's initiative to pass the Freelance Worker Protection Act (HB 67183) in 2023. This bill aims to provide protection and incentives to freelance workers, including night differentials and hazard pay.

“We echo the government’s call to protect freelancers and gig workers and, with our partners, we do so by protecting the tools they use as with much of these jobs happening online, it’s crucial to protect these devices as without them, they can’t work effectively or earn income. Our gadgets and electronics products are designed to protect these devices that power the freelancer economy, ensuring they can continue their work smoothly and maintain their livelihoods,” Vea explained.

Gadget Protection ensures extensive device protection–from accidental and liquid damage and the added benefit of professional repair and service at authorized centers. The product is available via GInsure and Lazada.

Cracked Screen Protection covers screen damage caused by accidental physical impact for up to 12 months. This product is designed for phones and phone accessories purchased on Shopee, providing peace of mind for users concerned about screen damage.

To date, over 15.8 million policies of these two products have been sold in the Philippines across various distribution partner platforms since January 2023.

These products empower freelance and gig workers to boost productivity, efficiency, and career growth. Gadget Protection and Phone Screen Protection are some products that highlight Igloo’s mission to make insurance accessible and beneficial for everyone, including those in the rapidly growing freelance industry.

Learn more about Igloo’s Gadget Protection and its other protection products by visiting iglooinsure.com

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Start your business journey with Pru Life UK

Start your business journey with Pru Life UK

Pru Life UK ramps up its recruitment efforts to empower ambitious individuals from all walks of life to build a long-lasting business with the leading life insurer.

Through a series of Build Your Business (BYB) sessions—held online and in person in key cities across the country—seasoned PRU business builders share their success stories and tips to encourage attendees to pursue their own business goals.

“By choosing Pru Life UK, aspiring financial advisors can be confident that they are backed by the #1 life insurer in the country with strong market presence and solid financial results,” said Marylin Detalla-Averia, Chief Agency Officer of Pru Life UK. 

The company ranks number one in the life insurance industry in the Philippines, garnering the highest New Business Annual Premium Equivalent based on the Insurance Commission’s report as of 31 December 2023.

“Our financial advisors are provided with all the support they need to help build their business. They have access to digital tools, development programs, hip offices, and attractive rewards and incentives with unlimited earning potential. This allows them to be their own boss and live their ideal lifestyle while helping clients achieve theirs.”

Celebration of success with #BuildYourPRUBusiness 

While BYB sessions are held year-round, the company leads an energetic approach to recruitment this May.

Themed Paint the Town Red: It’s PRUFiesta time, Recruitment Never Stops!, BYB sessions will be held in Metro Manila (Makati, Ortigas, QC), Pampanga (Clark, Sta. Rosa), South (Alabang, Lipa), North (Baguio), and VisMin (Cebu, Davao, CDO). 

Attendees will receive mentorship on becoming a business builder with Pru Life UK’s 40,000-agency force, the largest in the industry. 

A virtual BYB session will happen on May 22 featuring “Pambansang Wealth Coach” Chinkee Tan, who will talk about financial management and business development, further highlighting the importance of financial planning and empowering entrepreneurial mindset.

Pru Life UK also holds its weekly Facebook live Q&A sessions for budding and experienced business builders. Held every Thursday at 7:00 p.m., these online sessions offer a glimpse into the world of financial advisors. 

Seeking a meaningful and rewarding business opportunity? Visit bit.ly/JoinPRU2024 to join Pru Life UK's BYB sessions.

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Wise Expands to the Philippines with Innovative Money Management Solutions

Wise Expands to the Philippines with Innovative Money Management Solutions

Wise, the global technology company revolutionizing international money management, has announced its entry into the Philippine market with the launch of the Wise Account and Wise Prepaid Card. This groundbreaking solution allows Filipino customers to receive, hold, and spend money internationally without incurring foreign transaction fees or exchange rate mark-ups.

Features of the Wise Account and Prepaid Card

The Wise Account and Prepaid Card come with an array of features designed to meet the needs of a diverse range of users, including freelancers, international students, travelers, and dependents of overseas foreign workers. Key features include:

1. Free International Money Reception

Customers can receive money for free from abroad by obtaining account details in over nine currencies, such as AUD, CAD, EUR, GBP, HUF, NZD, SGD, USD, and TRY. This means you can receive payments from overseas without any fees by sharing your account details.

2. Multi-Currency Holding

Hold and manage money in over 40 currencies instantly, with no holding fees or minimum balance requirements. This feature allows users to manage multiple currencies effortlessly.

3. Easy Fund Transfers

Move funds from your Wise Account to a local bank account or e-wallet seamlessly. Wise supports over eight local e-wallets, including GCash, Maya, GrabPay, Starpay, Bayad Wallet, TayoCash, ShopeePay, and JuanCash.

4. International Spending

Spend money in over 160 countries or online, and withdraw cash at local and overseas ATMs at the mid-market rate. Wise only charges a low, upfront conversion fee when using the Wise card.

5. Enhanced Security

Get up to three digital cards with different card details for added protection, which can be frozen after each transaction for enhanced security.

Real-World Impact

Jenny Ann Magallanes, a remote worker with a US-based tech company, shares her positive experience with Wise:

“As a remote worker in the Philippines for three years now, I rely on Wise for my cross-border money management needs. With Wise, being paid in another currency is no longer an issue, as I can easily convert it to my local currency, or choose to hold it in USD or other currencies. Gone are the days of waiting anxiously for my remittances to arrive, and I noticed a decrease in transaction fees when transferring funds to my local bank too. For remote workers, independent contractors, and freelancers like myself, Wise truly stands out as the ideal solution for its quick transfers, low fees, and good conversion rates. Personally, it has empowered me to embrace the borderless nature of remote work while allowing me to manage currencies effortlessly.”

Addressing Market Needs

Wise's entry into the Philippine market addresses significant pain points identified in their commissioned research. The study found that 73% of Filipinos still rely on traditional platforms such as domestic banks for international transactions, often leading to higher transaction fees. Additionally, only 21% of Filipinos are aware of the hidden costs associated with exchange rate mark-ups.

Areson Cuevas, Country Manager of Wise Philippines, commented:

“We are thrilled to bring the Wise Account and Card to the Philippines. Our entry into the Philippine market is something our customers have been requesting for some time, with the ability to receive money in multiple currencies being one of the most sought-after features. Our research found that Filipinos often struggled with high transaction costs, poor exchange rates, and slow processing times. With these offerings, we hope Filipinos can benefit from seamless and quick international payments, free from excessive and non-transparent fees.”

Looking Ahead

Wise is committed to expanding its capabilities in the Philippines, with plans to introduce additional funding methods such as bank transfers and e-wallet payments. This will make it easier and cheaper for customers to fund their PHP transactions and send money internationally.

Founded in 2011, Wise employs over 5,500 people and is trusted by more than 10 million active customers worldwide. The company remains dedicated to helping customers avoid unfair exchange rates and hidden fees, making international money management faster, cheaper, and more transparent.

For more information and to get started with Wise, visit Wise's official website.

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New Bold University Concludes Visionary NXT Masterclass, Equipping Future Brand Leaders to Create Socially Impactful Brands

New Bold University Concludes Visionary NXT Masterclass, Equipping Future Brand Leaders to Create Socially Impactful Brands

New Bold University (NBU) has successfully wrapped up its "Visionary NXT: Branding Masterclass for the Next Big Brands," a pioneering event that brought together over 50 founders from across the Philippines. Held from May 10 to 11, 2024 at The Astbury in Makati City, this masterclass marked a significant step in empowering the next generation of brand leaders with the skills and insights needed to create socially impactful brands. 

The two-day event featured a diverse group of entrepreneurs, startup founders, and marketing professionals who delved into advanced marketing strategies and brand development. With the rise of AI and new technologies, the cost of creating a brand has decreased, making it accessible to more people. Visionary NXT aimed to help participants build more enduring and mission-driven brands that can adapt to the fast-changing market landscape.

NBU Founder Ralph Layco led the masterclass, offering sessions on "Masterminding Your Next Big Brand" and "Building Your Brand’s DNA for Success" during its first day. Layco emphasized the importance of strategic thinking and preparedness for the evolving business environment.

"We believe that by investing in today's brand founders, we can create a stronger future with well-intentioned and strategic brand owners prepared for changing times. This year's masterclass exceeded our expectations, showing us that the next wave of brand leaders is ready to make a meaningful impact," said Layco.

The masterclass featured several notable speakers, including Rolling Media Founder Jozelle Tech, who discussed "The Brand Hero: Unleashing the Founder’s Inner Powers and Story," and Colourette Cosmetics CEO Nina Dizon, who shared her journey in "How I Built a ‘Cult’ Brand: The Colourette Magic & Mission."

On the second day, participants engaged in workshops and discussions led by industry experts. Sessions included "Community Building" by Tala by Kyla Founder Janet Kyla, and a panel discussion featuring Pam Chan and Layco that addressed audience questions. Good Diva Marketing Founder Mariella Tiano shared insights on "TikTok Marketing," while Layco explored "Future Meetings: Talking to Your Future Self." Layco and Agyle Brands Founder Guita Gopalan also examined "Building the Next Big Brand in the Philippines."

By cultivating this community, NBU aims to inspire participants to go beyond conventional approaches and create brands that thrive in the market while making a positive societal impact.

"Our vision is to cultivate a community of visionary brand builders who will drive innovation and create disruptive brands that make a meaningful impact in the country. Entrepreneurship is not exclusive, it is for anyone with the dream, vision and determination to adapt and succeed. If we have more founders with the right mindset, we can solve more local problems, and we can contribute to a brighter future for the Philippines." said Layco.

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USANA Philippines Honored with Gold Label at 2024 Reader’s Digest Trusted Brands Awards

USANA Philippines Honored with Gold Label at 2024 Reader’s Digest Trusted Brands Awards

Tuesday, May 14, 2024

USANA Philippines, a global leader in the health industry, has been honored with the prestigious Gold Label for the Most Trusted Natural Food Supplements at the 2024 Reader’s Digest Trusted Brands Awards. This valued recognition, awarded during the 26th Annual Most Trusted Brand survey, underscores USANA’s unwavering commitment to providing premium, science-based nutritional products that exemplify consumer trust not just in the Philippines but globally.

The Reader’s Digest Trusted Brands Awards celebrate brands that have consistently captured consumer confidence in the Philippine market. In this esteemed group of brands, USANA was recognized for its dedication to delivering excellence and reliability in the natural food supplements category.

A Testament to Quality and Trust

Cherry Ampig, General Manager of USANA Philippines, expressed deep gratitude and reiterated the company's commitment to empowering health and wellness. "We are deeply honored to receive the Gold Label for Most Trusted Natural Food Supplements from Reader’s Digest. This serves as a testament to USANA’s dedication to providing science-based nutritional products."

Ampig further emphasized USANA’s unwavering dedication to consumer trust and satisfaction. "At USANA, we prioritize the well-being of our customers above all else. This award not only reaffirms the trust our consumers place in our products but also inspires us to continue innovating and delivering formulated nutritional products that maintain well-being."

Recognized for Excellence

The Reader’s Digest Trusted Brands Awards are renowned for their rigorous selection process and esteemed reputation, making them a coveted accolade among businesses across various industries. USANA’s award reaffirms its position in the health and wellness sector, trusted by consumers worldwide.

Celebrating 15 Years in the Philippines

Marking its 15th year in the Philippines, USANA continues its mission to empower individuals to live healthy lives through its range of quality nutritional supplements, skincare products, and personal care items. The company's ongoing focus on innovation and consumer trust solidifies its commitment to helping individuals lead healthier, happier lives.

Looking Ahead

As USANA Philippines looks to the future, the Gold Label recognition from the Reader’s Digest Trusted Brands Awards serves as a motivating force. The company remains dedicated to enhancing the health and wellness of its customers through innovative, high-quality products backed by science. This accolade is not just a recognition of past achievements but a promise of continued excellence and reliability in the years to come.

USANA Philippines' receipt of the Gold Label for Most Trusted Natural Food Supplements highlights the brand's dedication to maintaining the highest standards of quality and trust, reinforcing its role as a global leader in the health industry.

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Schneider Electric opens Cavite Smart Distribution Center, invests P86.5M in expansion and digitalization

Schneider Electric opens Cavite Smart Distribution Center, invests P86.5M in expansion and digitalization

Thursday, May 9, 2024

Schneider Electric, a global leader in energy management and automation, officially inaugurated its updated Cavite Smart Distribution Center, a new benchmark for smart logistics in the Philippines. With an investment of P86.5 million (1.4 million euros), Schneider Electric has expanded and upgraded the facility with state-of-the-art fourth industrial revolution technologies to support growth in the region and across the world driven by the energy transition and digitalization. 

Spanning across an area of 19,600 sqm in the Special Economic Zone of the Philippine Economic Zone Authority (PEZA), the distribution center manages the export and distribution of Schneider Electric’s Uninterruptible Power Supply (UPS) 3 Phase equipment. These products are crucial for ensuring consistent power delivery to power critical end-markets including data centers where continuity of operations, and preventing data loss and hardware damage can occur during power outages.

The Cavite Smart Distribution Center enhances Schneider Electric’s robust distribution network across Asia Pacific, North America, Europe, and South America markets. The facility's enhanced sophisticated technologies streamline operations, boost efficiency, and significantly lower energy consumption, setting a new standard in sustainable logistics.

“We are committed and passionate about our customers, which is why we have made this investment in our Cavite distribution center” said Ireen Catane, Country President of Schneider Electric Philippines. “It’s a new case that demonstrates how Fourth Industrial Revolution technologies provide the way to make significant progress on sustainability and operational efficiency. Connected to our Smart Factory and Smart Distribution Network, this new facility marks an important milestone in serving our customers across Asia and the world.”

The distribution center leverages a variety of Schneider Electric EcoStruxure solutions to drive sustainability and efficiency across the facility: 

● Power Metering Expert monitors and optimizes energy use throughout the building, expected to reduce carbon emissions and has recorded 14% increase in production growth and 13% in energy savings.

● Digital dashboards display operational performance in real time.

● Up to 80% of finished goods are transported inbound and outbound by a fleet of EV trucks. 

All of these enhancements contribute to Schneider Electric's global sustainability commitments.

Atty. Norman Roland Ocana III, Schneider Electric Philippines Head of Government Affairs, underscored the crucial role of heeding the call of the Philippine Government to help in the country’s development towards sustainable economic growth: "A digital supply chain is a human-centric one. As we invest in smart operations, we also invest in our people and developing their digital skills to ensure they have competencies they need in this new landscape,” he said. “This is in line with the government’s ambition to equip Filipinos to be a competitive force in the digital economy.”

Impact Supply Chain Program

The Cavite Smart Distribution Center is part of Schneider Electric’s Impact Supply Chain program. This is the next evolution of the company’s supply chain transformation, which aims to make a positive impact on both customers and planet. Its key pillars are: 

● People – Schneider’s people are empowered to innovate and make a positive impact for customers every day.

● Planet – Schneider Electric is building a sustainable, responsible, and net-zero ready supply chain.

● Customers – Schneider Electric’s reliable supply chain delivers industry-leading quality.

● Performance – Schneider Electric drives performance through advanced technology, smart and unified processes, regional ecosystems, and collaborative design.

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