March 2024

By increasing its capacity and positioning itself as a top global supplier for manufacturers’ textile requirements, Gold Fortune Textiles (GFT) is leaving its mark on the regional textile market. The Philippines was formerly a significant provider of garment products as well as fabrics, and GFT, led by its 23-year-old CEO and President Enrico Sy, is well-positioned to assist the sector in returning to its previous level of success. In Taytay, Rizal, the company recently opened its flagship showroom. Here, clients may examine their merchandise in a bright, welcoming space, and polite, sales-trained employees are on hand to answer any questions they may have.

They have also increased the variety of products they offer in order to stay up with international trends in linens and clothing. Additionally, Sy has made use of social media to interact with and cultivate a clientele that prioritizes high-quality goods for their clothing brands.

Sy took over his parent’s thirty-year-old RTW company and modernized it to meet the needs of local entrepreneurs in the textile industry. These needs include better quality and variety in fabric blends and prints, a one-stop shop for accessory products, and customization services for bulk orders. As time passed, we became aware of a need and began to increase output.

After realizing that the Philippines was adopting Bangkok-style clothing, we opted to import several types of fabric rather than just cotton.”

The platform’s growing popularity is a reflection of a larger trend where digital channels are the preferred means for Filipinos to access modern financial services, including formal credit options.

The multiplely honored consumer finance firm Digido is pleased to announce that it has reached an important milestone: over a million Filipinos have benefited from its inclusive, dependable, and safe digital loan services.

With a platform that provides a quick and easy way for people without access to traditional financial institutions to get cash loans, Digido has established itself as a reliable financial partner for the underprivileged in the Philippines.

Simultaneously, Digido’s increasing renown is indicative of a wider pattern in which Filipinos prefer using digital channels to obtain contemporary financial services, such as formal credit choices.

With Digido’s First Loan For Free program, first-time borrowers can obtain a normal personal loan up to PHP 25,000 for returning customers and up to PHP 4,000 with no interest for first-time borrowers. It is available via Lazada Loans, its apps on Google Play and the iOS App Store, and its official website, digido.ph.

Digido was recognized with 13 awards in 2023, including ones from The Digital Banker’s Global Retail Banking Innovation Awards, Pan Finance and the Global Banking & Finance Review.

“We at Digido are incredibly grateful for the trust that Filipinos have given to us. We view this milestone as both an achievement and challenge, spurring us further to meaningfully contribute to the country’s digital transformation through increased access to formal credit,” said Rose Arreco, business development manager of Digido.

2023 saw Digido experience 23% growth in total loans disbursed compared to 2022. 75.4% of the loans disbursed in 2023 were from repeat borrowers, indicating considerable brand loyalty.

According to a recently published commissioned survey by Digido, personal loans will remain the most often used formal credit option in 2023 across all demographic groups and geographic locations. Eight out of ten Filipinos reported having easier access to formal loan choices last year.

“We are firm in our mission to ensure every hard-working Filipino should have access to convenient and secure financial tools. As we endeavor to celebrate more milestones in the future, we will do so by ensuring we strive for innovation and find creative means to delight even more customers,” Arreco added