Connect with us

Hi, what are you looking for?

Economy

Macquarie allots P43M for women entrepreneurs

AUSTRALIA’S Macquarie Group Foundation is investing P43 million for women-led small and medium enterprises in the Philippines as a recovery tool amid the health crisis.

Launched in a media event on Tuesday, the effort is part of the Australian government’s “Investing in Women” initiative.

This project, Australian Ambassador to the Philippines Steven J. Robinson said, would create 200 or more jobs in the country over the next 18 months.

“By putting money into this—because women’s businesses are generally so productive, we hope to see something like a 5 to 15% return on the investment that is being made that enables further ongoing investments, so it’s self-feeding,” he said.

The public-private partnership is working with two local investing partners: the Foundation for a Sustainable Society Incorporated (FSSI) and InBestCap Ventures (InBest).

The investing partners will customize their support according to the growth plans of each business, which may come in the form of loans, equity, and technical support.

The Australian government’s investing in women initiative focuses on economic growth through women’s empowerment in Southeast Asia, including the Philippines, Indonesia, Vietnam, and Myanmar. They work on workplace gender equality, investment for women’s small and medium enterprises, and influencing attitudes towards women at work.

Macquarie Group Foundation is the philanthropic arm of the Macquarie Group, a multinational independent investment bank and financial services company. — Jenina P. Ibañez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

TOKYO — Japanese financial institutions are struggling to put a price tag on the cost of climate change, an effort made difficult by the long timeframe...

Economy

An indigenous group in the Canadian province of Saskatchewan on Thursday said it had found the unmarked graves of an estimated 751 people at...

Economy

A plan by India to build digital databases of farmers to boost their incomes has raised concerns about privacy and the exclusion of poor...

Investing

About 10% of Poundland products are no longer priced at £1, the discount retailer has said. Poundland moved away from pricing everything at £1...

Investing

The BT-owned mobile operator EE is to start charging UK customers to use their phones in Europe, having previously said it had no plans...

Investing

Government plans to restrict junk food advertising on television and online have been criticised by campaigners who say they contain too many exemptions to...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Economy

THE Securities and Exchange Commission (SEC) has warned the public from investing or to stop any investment in a group named Maxxprofit Computer Trading...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!