The most popular superapp in Southeast Asia, Grab Philippines, today disclosed its strategic pledges to promote economic empowerment in Mindanao, extending its goal of fostering economic development throughout the country.
The Philippines' Mindanao province, which is renowned for its rich cultural legacy and natural riches, is set to develop into a vibrant center of commercial activity. Grab Philippines is initiating a comprehensive campaign with the goal of empowering local communities, assisting microbusiness owners, and promoting economic growth in response to the region's enormous potential.
Grab Philippines wants to open up new doors for growth and wealth by utilizing its cutting-edge technology, sizable user network, and community-focused ethos. With the help of regional partners, authorities, and regulators, major projects will be launched.
Principal pillars are:
1. Partnering for Success: A study by the Mindanao Development Authority found that successful partnerships can enhance local economic growth by 20% and employment creation by 15%.
business expansion.
To coordinate efforts and establish a supportive environment for economic empowerment, Grab Philippines will establish strategic partnerships with local government entities, community organizations, and trade associations. These partnerships will concentrate on issues including local entrepreneurs' access to markets, funding, and skill development.
2. Empowering MSMEs in Mindanao: Grab Philippines is aware of the important contribution that microbusiness owners make to economic growth. Micro, small, and medium-sized enterprises (MSMEs) in Mindanao account for more than 60% of all employment in the area, according to a report by the Philippine Statistics Authority.
Grab Philippines will give microbusiness owners in Mindanao tailored assistance so they may use Grab's platform to grow their operations, reach new markets, and enhance their standard of living. Grab wants to give micro-business owners the skills and information they need to succeed in the digital economy through training programs offered by GrabMerchant Academy.
3. Fostering Innovation and Technology Adoption: Grab Philippines will work with regional startups, tech incubators, and educational institutions. This is in recognition of the transformative potential of technology. According to the Mindanao Economic Development Council, economies that are focused on innovation have the potential to boost labor productivity by as much as 50%. Grab wants to increase competitiveness and support Mindanao's economic development by encouraging innovation and digital usage.
Grab will support projects that foster entrepreneurship in the area, boost digital literacy, and push technological advancements through partnerships with significant players in the public and private sectors.
4. Enhancing Mobility: In recognition of the critical contribution that transportation makes to the socioeconomic health of the Philippines, Grab Philippines is dedicated to enhancing mobility in Mindanao.
According to a recent poll by the Mindanao Development Authority, 70% of locals had trouble finding safe and dependable transportation choices. Grab seeks to close this gap by bringing its ride-hailing services to strategic locations in Mindanao, collaborating with regional bus companies, and investing in environmentally friendly transportation options. This would promote economic activity and boost connectivity throughout the region.
Grab has formally introduced its signature mobility service GrabCar in Davao City, demonstrating its serious commitment to easing the transportation issues encountered by commuters in Mindanao. Grab holds a strong view that as the top superapp grows its driver-partner network and responds to the quickly growing need for safe and dependable transportation, it will assist advance the local government's main initiatives in livelihood creation, MICE support, and tourism support.
Growing its array of services throughout the region, Grab Philippines hinted at the launch of GrabCar in other parts of Mindanao during the launch of the service at the Dusit Thani in Davao.
Vera Cruz went on to say, "Grab Philippines is deeply invested in the long-term growth and success of Mindanao. Through our strategic commitments and initiatives, Grab is uniquely positioned to help unlock the immense potential of this region, create livelihood opportunities, and uplift communities. We are committed to driving economic empowerment, fostering sustainable growth, and making a positive impact on the lives of Mindanaoans."
Grab Philippines extends an open invitation to all partners, stakeholders, and community leaders to join forces in this revolutionary journey toward economic empowerment in Mindanao and jointly create a successful and inclusive future for everyone.
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