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.
One of the biggest institutional investors in the world, Nuveen, is putting its money where its mouth is. In a podcast with Paul Ellis of Forbes, Radhika Shroff, managing director of impact...more
Zimbabwe's main stock exchange has issued a practice note on mandatory reporting of companies' environmental, social, and governance (ESG) practices, and one company in particular is taking full...more
The West African country of Burkina Faso has been hard hit by the effects of climate change droughts, flooding, and rising temperaturesand now it's looking to get some cash from the international...more
"No matter how hard we work, until we get our capital aligned, we're not going to fix the problems," Cory Donovan, executive director of ImpactPHL, tells Technical.ly. That's why the nonprofit in...more
A Boston-based investment firm is teaming up with an American Cancer Society affiliate to try to raise $5 billion for social impact investments over the next five years, the Boston Globe...more
Cheryl Mullins has been with Vermont Electric Power Company for four years, and she's just been promoted to vice president and chief human resources officer. That's a big deal in a state known...more
"The alternative markets are famously opaque, as private firms do not have the regulatory duty to disclose such details." That's the takeaway from Preqin, which on Tuesday announced the launch of...more
It's that time of year again: time to think about how you'd like to spend your money over the course of your life. And if you're among the ultra-rich, here's a suggestion from a South African...more
The Washington, DC-based International Finance Corporation, a branch of the World Bank, is looking for grad students around the world to come up with ways to make a "tangible difference" in...more
"Greenwashing" is the hot topic at this year's Responsible Investment Association of Australia (RIAA) conference, with topics including climate disclosures, modern slavery, and carbon offsets,...more
Social Entrepreneurship
Spotlight
Hugh Jackman: Fair Trade Entrepreneur
Renowned actor, Hugh Jackman, talks about how he started becoming a fair trade entrepreneur. Jackman is constantly building up ideas and solutions to help small coffee growers get good prices outside the massive coffee industry. His business, Laughing Man Worldwide, reinvests 100% of its profits in its partnerships with farmers.
