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The company was founded by Corazon Dayro Ong along with her husband Jose Ong on June 25, 1975 [1] as small business in her residence in Valenzuela. The business was initially known as CDO Food Products with "CDO" derived from the initials of the founder. Their house was transformed into a home factory. [2]
Micro businesses in the Philippines can be defined according to the size of assets, size of equity capital, and number of employees. A typical micro business is a business that employs nine people or fewer, with assets of ₱3 million and below. In the Philippines, about 90 percent of all businesses are categorized as micro businesses.
In 1979, Amalia Hizon Mercado, husband Renato Mercado, and their five children, Consuelo Tiutan, Teresita Moran, Renato Mercado, Ricky Mercado and Romy Mercado established Red Ribbon as a small cake shop along Timog Avenue in Quezon City. [2]
For proof, one need look no further than the stories of Marcia and Karen, two entrepreneurs That's the premise -- and the power -- of microlending. Tiny Loans, Tremendous Returns: Tales from the ...
Franchising is a way for small business owners to benefit from the economies of scale of the big corporation (franchiser). McDonald's and Subway are examples of a franchise. The small business owner can leverage a strong brand name and purchasing power of the larger company while keeping their own investment affordable.
Dennis Ang Uy was born and raised in Davao City [4] to an ethnic Chinese family based in Davao, which is part of the Uys' third generation. Uy's grandparents, Ega Uy and Tao Sui Eng were ethnic Chinese who settled in Davao as merchants.
He held various positions in the Aboitiz Group, including chairman and CEO of Davao Light & Power Co., Inc.; Chairman of Visayan Electric Company (VECO) and Aboitiz Jebsen Bulk Transport Corporation; [7] Vice Chairman of Aboitiz Power Corporation (APC) and Union Bank of the Philippines; and Director of International Container Terminal Services ...
To augment her family's income as her husband struggled to establish his legal practice, Cruz-Reyes set up in 1928 a small carinderia at Calle de Marques de Comillas in Ermita, Manila. [2] She named her eatery Lapu-Lapu (after the Mactan chieftain who defeated Ferdinand Magellan in battle), adopted a native motif as interior decor, and served ...