Business
Expanding Business Opportunities: Joseph Calata’s Most Impactful Advice
Joseph Calata’s entrepreneurial journey in the Philippines has been marked by both triumphs and challenges, something not uncommon in those brave enough to stake their claim in the country’s tumultuous business world. People know the Philippines for its intricate regulatory framework, which can often be a significant barrier for entrepreneurs.
Business owners frequently encounter bureaucratic red tape, inconsistent law enforcement, and lengthy approval processes that can stifle growth. Calata himself faced these hurdles while modernizing his poultry feed business and launching new ventures.
In his experience, Calata focuses on the importance of understanding the regulatory framework and being proactive in compliance. He advises entrepreneurs to invest time in learning about the laws that govern their industries. “Regulatory challenges are inevitable but can be managed with the right preparation. Understanding the rules of the game allows you to play it better,” he asserts.
His success has crucially depended on his ability to adapt to changing regulations. For instance, when he launched KROPS, a smartphone app aimed at connecting farmers directly with consumers, he had to contend with various government policies affecting agriculture and technology.
His strategy involved engaging with regulators and advocating for policies that would benefit his business and the broader agricultural sector. Establishing relationships with government officials and understanding their perspectives ultimately helped Calata align with governing bodies.
Competing Against Monopolies
The presence of monopolies in the Philippine market presents another significant challenge for entrepreneurs. Established players dominate their market in various sectors, making it difficult for new entrants to gain a foothold.
A monopolistic environment can lead to unfair competition, higher barriers to entry, and limited consumer options. However, Calata has thrived despite these obstacles, demonstrating true resilience and strategic thinking.
His creative mindset and willingness to disrupt traditional business models have contributed to Calata’s success. With the power of technology, he was able to create solutions that addressed gaps in the market. For example, the KROPS app provided farmers with a platform to sell their products directly and empowered them to bypass middlemen who often exploit their labor.
“Modern technology is the key to survival in a market dominated by monopolies. You must find ways to offer unique value that others cannot replicate,” Calata advises aspiring entrepreneurs.
Analysts reveal that the Philippine economy is gradually shifting toward a more competitive environment. The government is implementing reforms aimed at reducing monopolistic practices, and the Philippine Competition Commission (PCC) has been actively working to promote fair competition, which bodes well for emerging businesses.
Transforming Challenges into Opportunities
Calata’s journey is one of adaptability in the face of adversity. Having faced significant challenges, many entrepreneurs might have seen his difficulties as devastating setbacks. However, he views them as a chance to reevaluate his business strategies.
The agricultural sector in the Philippines is vital, contributing approximately 10% to the country’s GDP and employing around a quarter of the workforce. However, it is also plagued by inefficiencies and outdated practices.
Calata recognized the potential for growth in this sector and seized the opportunity to introduce modern technologies. Keeping his mind focused on the prize, Calata both improved his business operations and directly contributed to the overall strengthening of the agricultural sector.
Entrepreneurs can create products and services that genuinely address market demands by understanding the needs and challenges of their environment. Calata has been known to visit farms personally, ensuring that he stays grounded and connected to the very people his business serves. He remarked, “Understanding the community is key. When you invest in people, you invest in your business.”
Calata’s story is a powerful reminder that success is achievable with the right mindset and outlook, regardless of the challenges that may arise. Even in a market environment as hostile to entrepreneurs as the Philippines, keeping one’s own conviction can go a long way.
Business
Black Banx Group — Third Quarter 2025 Results
FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025
Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025
Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.
Key figures for Q3 2025:
- Revenue: USD 4.3 billion
- Profit before tax (PBT): USD 1.6 billion
- Cost-to-income ratio: ≈ 62%
- Customer base (period-end): ~92 million clients
YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.
“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”
Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”
Business highlights:
- Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
- Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
- Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
- Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
- Strategic investments sustained in growth markets while preserving profitability and shareholder value.
Outlook:
With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.
About Black Banx Group:
Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.
Media Contact:
Black Banx Media Relations
Email: [email protected]
Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.
-
Tech5 years agoEffuel Reviews (2021) – Effuel ECO OBD2 Saves Fuel, and Reduce Gas Cost? Effuel Customer Reviews
-
Tech6 years agoBosch Power Tools India Launches ‘Cordless Matlab Bosch’ Campaign to Demonstrate the Power of Cordless
-
Lifestyle6 years agoCatholic Cases App brings Church’s Moral Teachings to Androids and iPhones
-
Lifestyle5 years agoEast Side Hype x Billionaire Boys Club. Hottest New Streetwear Releases in Utah.
-
Tech7 years agoCloud Buyers & Investors to Profit in the Future
-
Lifestyle5 years agoThe Midas of Cosmetic Dermatology: Dr. Simon Ourian
-
Health7 years agoCBDistillery Review: Is it a scam?
-
Entertainment6 years agoAvengers Endgame now Available on 123Movies for Download & Streaming for Free
