Home
About Us
The PIDS (Philippine Institute for Development Studies) has released a study asserting that the country needed to develop policies which would enhance social enterprises. Marife Ballesteros and Gilberto said in the study that social enterprises could help decrease the distance between economic growth and people living in poverty.
They believe that social welfare, economic development and encouraging investors can help communities be more economically self sufficient. The United Nations has a program to help countries develop more business and sustainable economies.
A survey done in 2013 by the Institute for Social Entrepreneurship in Asia estimates that there are around 30,000 businesses in the Philippines. There is a bill pending in Congress that would help these enterprises.
The types of help would include tax exemptions, special credits, financial help for these companies. This bill would also include Government support in the form of informational assistance. Another aspect of the bill provides incentives for businesses that hire people with disabilities.
Ballesteros and Llanto maintain that unlike other laws this bill would not exempt companies from paying minimum wage. The new bill faces a few hurdles.
One problem is that it doesn't accurately define the difference between businesses that are for profit and those that are not for profit. There is also a question of whether there would be conflicts between the private and Government interests.
The Authors of the study that this bill can enable businesses to thrive. They state that the Philippines has the necessary ingredients for businesses to expand and help end poverty.
Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Susan Thompson Buffett Foundation, Gates Foundation
"For too long, a lack of money has forced organizations fighting for women's rights into a defensive posture while the enemies of progress play offense," writes Melinda French Gates in a New York...more
Big Brothers Big Sisters of Central Ohio is using nearly $1 million in grants from Battelle to create after-school and summer programs focused on science, technology, engineering, and math for...more
The city of Vantaa, Finland, is known as one of the most international cities in the country, with between 4,000 and 5,000 new residents each year, most of them immigrants, Eurocities...more
If you're an engineer looking to make your mark in the tech world, Forbes has just the list for you. The magazine interviewed 11 engineering leaders, including James Dyson of vacuum company...more
A team of former top executives at Aegon Asset Management has launched a new firm to invest in the climate finance industry. CurvePoint Capital was founded by James Rich, Brian Wayne, and Alena...more
New York Gov. Kathy Hochul today announced the official opening of the Advanced Grid Innovation Laboratory for Energy (AGILe), "a first-of-its-kind, world-class electric grid and power systems...more
The World Bank is calling for urgent action to help small island developing states (SIDS) deal with the effects of climate change as leaders from the nations meet in Antigua this week. The bank's...more
The Syrian refugee crisis is expected to worsen over the next four years as more than 19 million peoplemore than a fifth of the country's population flee their homes, the New York Times...more
Fast fashion is here to stay, at least according to a new report from the European Commission, which notes that by 2050, the fashion industry is expected to be responsible for more than one-third of...more
The global impact investing market was valued at $478.15 billion in 2023, and is expected to reach $550.52 billion by 2024, at a compound annual growth rate (CAGR) of 15.1%, according to a new...more
Social Entrepreneurship
Spotlight
5 Steps to Social Innovation
While philanthropy, social responsibility and corporate governance all already play a role, we will probably see more powerful contributions when companies embed social innovation into their core business strategies and operations.
