2017 YEARENDER

Earn dollars from home, travel cheap

ABS-CBN News

Posted at Dec 25 2017 01:00 PM

MANILA - Filipinos are looking for ways to earn big while escaping the daily commute that is made miserable by traffic jams and train breakdowns.

Two of the country's biggest lenders came under scrutiny for glitches and alleged fraud while the largest fastfood operator apologized for being viral for the wrong reasons.

Here are the biggest business stories in 2017.

Home Office

A growing number of Filipinos are converting their homes into offices to escape chronic jams and raise their young families.

As the economy grows, the fattest paychecks await those working in aviation, geology, graphic design and construction.

Wanderlust on a budget

Budget carriers continue to drive travel. In February, Cebu Pacific's system crashed briefly after it offered seats for as low as P1.

Rival AirAsia announced in September that it was offering up to 5 million seats at discounted rates.

Banks in spotlight

Bank of the Philippine Islands' electronic services were paralyzed for 2 days in June due to what it said was an "internal" error, prompting a Senate investigation into the industry's security systems.

In July, Metrobank said it caught an executive while trying to shift P2.25 million in interest payments from unauthorized loans. The lender was sanctioned by the Bangko Sentral ng Pilipinas' Monetary Board in November.

MRT Rescue

The government took over maintenance of the MRT in November after it cancelled its contract with Filipino-Korean consortium BURI due to frequent breakdowns. Courtesy of Ivan Villegas

Rail undersecretary Cesar Chavez resigned and took responsibility in November, even as the MRT's woes could be traced back to previous administrations.

Before Chavez stepped down a woman's arm was severed in a freak accident and 2 train cars detached from each other, forcing commuters to walk on the tracks. ABS-CBN News

Jollibee goes viral

The country's largest fastfood chain welcomed a VIP guest in November, Canadian Prime Minister and erstwhile "APEC Hottie" Justin Trudeau, who stopped by one of its stores in Manila on his way to ASEAN meetings. Ted Aljibe, AFP

But not all attention was positive. The company promptly apologized twice for receiving flak online.

In May, a mascot was caught on video gyrating to Bruno Mars' "Versace on the Floor." In August, a member of the LGBT community who was doing outsourced work, complained of discrimination. Bunny Cadag Facebook post

Asia's worst no more

The Ninoy Aquino International Airport appeared to have recovered from the "tanim-bala" or bullet planting racket after a travel blog struck it out of its list of Asia's worst airports. Jonathan Cellona, ABS-CBN News

At least 7 of the country's biggest companies are forming a "super consortium" to modernize the capital's main gateway, including Ayala Corp, LT Group, Filinvest, JG Summit Holdings, Aboitiz Equity Ventures, Metro Pacific, and Megaworld. Gigie Cruz, ABS-CBN News

Billionaire lessons

Filipinos who want to succeed in business look to Henry Sy, the country's richest man who pioneered mall culture in the country. SM also recently launched a retail experiment to pay tribute to his humble shoe store roots. Jonathan Cellona, ABS-CBN News

A recent visitor to Manila, Chinese e-commerce billionaire Jack Ma, said successful businessmen should have intelligence, emotional and love quotients. Mark Demayo, ABS-CBN News

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