Turning crisis into opportunity

Turning crisis into opportunity

How an entrepreneur banked on the right business prescription for success Ma. Florencita Cansino, a Davao-based entrepreneur and founder of Hyatt Diagnostics System, Inc. was accustomed to providing diagnostics services for Filipinos heading overseas for employment. But when the pandemic struck, business operations halted, leaving her in a challenging position. Rather than dwelling on setbacks, Cansino found ways to turn things around. Her other business, Goldylab Enterprises, specializing in medical supplies and products, pivoted to meet the urgent need for COVID-19 testing equipment. This strategic move not only generated profits for Goldylab but also provided financial support to Hyatt Diagnostics. Cansino likened this resilience to how the country’s leading bank stood by her company in its early days. “BDO was with Hyatt during its infancy stage. We always took out loans from BDO because we couldn’t compete effectively at the start, using our own money. We needed additional capital for […]

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