Philippines Digest – 1 Jul

Here you can find some interesting startup news around Philippines, not only in its capital, Manila, but also other their startup hubs such as Cebu, General Santos City, Pasay, Quezon City, and many more.

(1) The Philippines is neck to neck with Indonesia in terms of social network penetration. A study by London-based consultancy Trendstream showed that roughly 75 percent of the country’s 14.4 million internet users are active online; almost the same level as Indonesia.

(2) Leasing rates are steadily rising around the metro and vacancy rates declining based on April to June numbers, says real estate advisory firm CB Richard Ellis (CBRE) Philippines.

(3) Something peculiar to the local market is the presence of sachets, tetra packs, tube packs, and other products in micro packages or what they refer to colloquially as tingi-tingi. But why is the tingi-tingi system a hit with the Filipino market?

(4) Every Filipino community had their own quintessential neighborhood bakeshop, until Julie’s Bakeshop came along and raised standards. Now run by Joseph Gandionco, son of the founder and namesake, Julie, the bakeshop continues to grow on the same values that started it all. Gandionco shares the same lessons that he learned from his mother as she was putting up Julie’s Bakeshop from the ground up.

(5) One of Cebu’s restaurateurs, Kenneth Lim, highlights three reasons why it’s so much easier to start your food business in the Queen City of the South today.

Thank you to nordicfactory for the flag image.