BPO firm SPi Global eyes Australian market
Business process outsourcing (BPO) company SPi Global is looking at the Australian market for its next target.
The BPO company, a wholly-subsidiary company of telecommunications giant Philippine Long Distance Telephone Co. (PLDT), said it wants to add Australia to its global resource network to tap new opportunities.
Company president Maulik Parekh said because of the reputation of the Philippines for its excellent customer service in the outsourcing industry, companies in Australia are keen on exploring of acquiring services here.
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September 3, 2011
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Tags: BPO, business news, business process outsourcing firm, Call Center, Employment, investment, Job Opportunities, Philippines, SPi Global · Posted in: BPO, Business News, Call Centers, Career, communications, Corporations, economy, Employment, investments, Opportunities, Philippine business news, Philippines
Puregold sets IPO date to September 21
The Puregold Price Club Inc. will launch its initial public offering (IPO) on September 21, 2011. The supermarket chain hopes to raise P12.4 billion in its IPO which it will use for its planned expansion.
The IPO, which is only the second in the country this year, was approved by the Philippine Stocks Exchange for the sale of as much as 600 million common shares at up to P18 per share. Puregold has set aside 90 million shares for a greenshoe option.
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August 28, 2011
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Tags: business news, finance, initial public offering, investment, IPO, money, Philippines, PSE, shares of stocks, stocks · Posted in: Announcement, Business News, Corporations, economy, Foreign exchange, IPO, marketing, money, Opportunities, Philippine business news, Philippines, Pricing, Products, promotions
Money Matters for Kids exhibit teaches kids the value of money
The Bangko Sentral ng Pilipinas (BSP) is having a three-month long exhibit in Manila that aims to encourage children to save money.
The exhibit dubbed “Money Matters for Kids” started last Tuesday at the Galeriya Bangko Sentral at the Metropolitan Museum in Manila.
In its news release, the BSP said the “The Money Matters for Kids traveling exhibit is a fun and interactive way for children aged 2 to 12 years old to learn about the concept of money, saving, spending and sharing and the importance of saving for the future. This exhibit first opened in Museo Pambata before it traveled around various malls and community centers reaching an estimated 90,000 kids since its launch in 2009.”
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August 14, 2011
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Tags: ATM, automated teller machine, Bangko Sentral, bank, bank manager, bank tellers, banking, BSP, Central Bank, Consumers, exhibit, money, Money Matters for Kids, Philippine, savings · Posted in: banking, Business News, Consumers, Corporations, economy, Education, finance, Government, innovation, money, Philippine banks, Philippine business news, Philippines
Oil companies roll back prices of fuel products
Oil companies started rolling down prices of fuel products Saturday.
Eastern Petroleum started off on Saturday by slashing P1.50 per liter of its diesel and P1.30 per liter off on its gasoline. Flying V Philippines also lowered its oil prices by P1.30 per liter on unleaded gasoline, P1 on regular gasoline and P1.50 per liter on kerosene.
This was followed by Total Philippines Corp. who cut prices of its fuel products starting 6 a.m. on Sunday by P2.25 per liter on its diesel, P2 per liter on unleaded gasoline and P1.50 per liter on regular gasoline.
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August 14, 2011
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Tags: business news, Chevron, diesel prices, Flying V, gasoline, oil price, Petron, Philippines, price roll back, Total · Posted in: Announcement, Business News, Consumers, Corporations, Education, finance, money, Philippine business news, Philippines, Pricing, Products, World News
Cebu Pacific acquires more Airbus
Cebu Pacific will acquire more Airbus aircraft.
The Gokongwei-led budget carrier said in its report to the Philippine Stock Exchange (PSE) that an order for 30 A321neo aircraft Airbus has already been finalized, which increased the airline’s Airbus order to 71.
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August 9, 2011
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Tags: air travel, Airbus, airline, budget flight, business news, Cebu Pacific, flight, investment, Philippines · Posted in: Announcement, Business News, Corporations, economy, finance, investments, Philippine business news, Philippines, Transportation, Travel
Spanish companies to invest in the Philippines
Union Fenosa International SA, Gamesa and Grupo Leche Pascual, three Spanish companies are interested in investing in the Philippines.
The news was delivered by Board of Investments (BOI) managing head Cristino L. Panlilio who came from his recent trip to Spain. Panlilio said he met with representatives from the three firms who all expressed interest to bring their business in the country.
Gamesa is a manufacturer of wind turbines and has more than 15 years experience in the industry. Panlilio said the company would like more wind power projects here. The company has 30 production facilities in Europe, US, Brazil, India and China which employs a total of close to 8,000 employees.
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August 3, 2011
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Tags: business news, Employment, Gamesa and Grupo Leche Pascual, investment, Job Opportunities, manufacturing firm, money, natural gas, Philippines, power plant, renewable energy, Spain, Union Fenosa International SA, wind turbine · Posted in: Announcement, Business News, business opportunity, Career, Corporations, economy, Employment, finance, Government, International relations, investments, Job Opportunities, money, Opportunities, Philippine business news, Philippines
Manila Water signed P500M loan deal for its Boracay unit
Boracay Island Water Co. Inc. signed a P500-million term loan facility with Development Bank of the Philippines and Security Bank recently. The terms of the loan include an option to increase the amount the P1 billion.
A subsidiary of the Ayala-led Manila Water Co., the loan will be used to finance the additional capital expenditure of Boracay Island Water in fulfillment of its service obligations in Boracay.
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August 2, 2011
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Tags: bank loan, Boracay, Boracay Island Water, business news, finance, investment, Manila Water, P500 million loan, Philippines, revolving fund · Posted in: Announcement, banking, Business News, business opportunity, Corporations, economy, entrepreneurship, finance, Government, International relations, investments, Loans, money, Philippine business news, Philippines
BIR to do lifestyle check on professionals too
The Bureau of Internal Revenue will conduct a lifestyle check on professionals; this includes lawyers, doctors and accountants.
The move is part of the tax agency’s effort to “convince” self-employed individuals to pay the right taxes.
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August 2, 2011
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Tags: BIR, business news, income tax, lifestyle check, money, Philippines, professionals, tax, tax target, Taxation, taxes · Posted in: Business News, economy, finance, Government, Law, money, Philippine business news, Philippines, Taxation
Four-day weekend this August
A long four-day weekend this August will be enjoyed by many Filipino families as August 30, Tuesday, have been declared a non-working holiday in observation of Eid’l-Fitr, a day marking the end of Ramadan.
August 29, Monday, is National Heroes’ Day which is also a Philippine holiday.
This gives employees and students a four-day weekend from Saturday, August 27, to Tuesday, August 30.
Ramadan, a month-long fasting is considered one of the greatest religious observances of Islam. However, August 1 which is the start of Ramadan was not declared a holiday.
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July 30, 2011
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Posted in: Announcement, Business News, Consumers, Employment, Government, Philippine business news, Philippine Holidays, Philippines
Convergys hiring 5,000 more employees
Business process outsourcing (BPO) firm Convergys is hiring 5,000 more employees for its new contact centers in Cebu and Baguio city.
The Camp John Hay site, which formally opened last July 27, is Convergys Corp.’s 15th site and offers hope for many Filipinos who are looking for a job.
Convergys president and chief operations officer Andrea Ayers said the company has 25,000 employees and they are “hiring every day.” She added that they have the potential “to grow at 25 percent a year” which would create 1.3 million direct jobs, 3.2 million indirect jobs and $25 billion in export revenues.
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July 30, 2011
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Posted in: Announcement, BPO, Business News, business opportunity, Call Centers, Career, communications, Corporations, Customer Service, e-commerce, economy, Employment, finance, Foreign exchange, Health, innovation, investments, Job Opportunities, Opportunities, Philippine business news, Philippines, Technology
