BiD Challenge Philippines will showcase the top business ideas in the Marketplace and Awarding Event on December 3, 2008 at the Concourse, 4F SM Makati. Investors are invited to the exhibit of innovative plans starting 10 am. The awarding program is at 6 pm. Organized by PBSP, the event is supported by Citi, a PBSP member-company.
 


Philippine Business for Social Progress (PBSP) is a private and non-profit foundation dedicated to promoting business sector commitment to social development. Organized in 1970 by 50 of the country’s prominent business leaders, it has since grown to become the nation’s largest business-led social development foundation.

 

Updated August 2008


PBSP membership grows to 238
Seven companies signed up as new members of the Philippine Business for Social Progress (PBSP) during a recent Breakfast Fellowship at the Manila Polo Club. PBSP pioneered the practice of corporate social responsibility (CSR) in the Philippines and Asia.

The international cosmetics giant L’Oreal officially became a PBSP member-company together with JOPA Enterprises, Brother International (Philippines) Corporation, Carl E. Balita Group of Companies, Lucerne Jewelers, and Sitangkai Seaweeds Company.

GeiserMaclang Communications Inc., a marketing communications company has also pledged its membership.

The new member-companies have had CSR efforts in the past, but this year they have decided to take this a step further by joining PBSP.

Among the PBSP trustees who graced the event was Hans Sy, First Executive Vice President of SM Investments Corp., which has been an active member-company since 2004.

SM has partnered with PBSP in its early childhood care assistance projects, donations and transport of refrigerators and coolers to areas in Mindanao for storage of vaccines and temperature-sensitive medicines, and other projects nationwide.

Sy said SM saw the need to join PBSP despite having its own foundation. He encourages companies, even those with their own foundations, to join PBSP.  For companies who want more impact for their CSR, Sy shares, “this (PBSP) is the way to go.” 

PBSP, a private and non-profit foundation, is a consortium of 238 companies committed to practicing CSR.  Through PBSP, companies have an organized way of giving to and helping communities nationwide. 

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Carl Balita of the Carl E. Balita Group of Companies signs the PBSP Statement of Commitment. Looking on are JOPA Enterprises, Inc. President Petronio Limlengco, L'oreal Philippines, Inc. Managing Director Luc Olivier Marquet, Philippine Daily Inquirer Chairman of the Board Marixi Prieto, Ponderosa Farms, Inc. Chairperson Ma. Luisa Perez-Rubio, SM Investments Corporation First Executive Vice President Hans T. Sy. Prieto, Perez-Rubio, and Sy are PBSP Trustees.



PBSP opens BiD Challenge Philippines 2008

PBSP calls on individuals and groups with businesses - whether already existing, about to start or still just an idea - to join in the Business in Development (BiD) Challenge and help stimulate economic activities in communities.

Innovate. Unlock your business idea. Join the BiD Challenge Philippines! You have until September 15, 2008 to submit your business proposal. Click here for more details.



Click here for more news and updates on PBSP programs.


  

"PBSP is one of the best examples in the world of a business-led partnership that is tackling the problems of poverty at both the grassroots and strategic policy levels."