New BPO firm opens
Another business process outsourcing (BPO) firm opened in the Philippines which would provide more employment opportunities for Filipinos. Australia-based Salmat has put up an 800-seat facility at McKinley Hill in Taguig City, the company’s first call center in country and also it’s first major investment outside Australia.
The new call center company is not really new in the country, as they have been operating in the Philippines since 1996. Although Salmat general manager of strategy Philip Hadcroft said they were just doing mostly transactional service which served only the Philippine market.
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February 8, 2010
Tags: BPO, Call Center, Employment, IT-related, Job Opportunities, outsourcing, Philippines, Salmat Posted in: Announcement, BPO, Call Centers, Career, Corporations, Employment, Job Opportunities, Opportunities, Philippine business news, Philippines, communications, investments 
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Meralco hikes rates anew
The Manila Electric Company (Meralco) will be implementing around round of power rate increase this month. Meralco hikes rates by P0.56 a kilowatt, and the company said the power rate increase was due to the higher cost of power it buys from independent producers and the electricity spot market.
Meralco first vice president Ivana de la Peña even warned that consumers should prepare for higher rates this year. He said they do not see a repeat of the conditions that brought about the low power rates last year. He added that all signals, actually point to the opposite direction. Read the rest of this post »
February 7, 2010
Tags: Consumers, El Niño, electric bill, electricity, Meralco, Philippines, power rates increase, utilities Posted in: Announcement, Consumers, Customer Service, Philippines, Poverty, Pricing, Products, economy, money No Comments
BPO sector seen to grow bigger in the Philippines
Yes, the business process outsourcing (BPO) sector is seen to grow bigger, in fact it is predicted to be a $10-billion industry in 10 years time
This is what the National Economic and Development Authority (NEDA) sees, who said that the BPO sector in the country is growing, the $10-billion industry mark will be possible in 10 years if the right investment are made the next administration.
NEDA Director Dennis Arroyo said that based on the way the sector is growing at this time, he projected that the country’s BPO industry would be able to take up a fifth of the global industry of $500 billion by 2020. Read the rest of this post »
February 6, 2010
Tags: BPO, business news, Call Center, forecast, NEDA, outsourcing, Philippines, projection Posted in: BPO, Call Centers, Government, International relations, Labor, Philippine business news, Philippines, economy, investments No Comments
New BPO company sets up office in the Philippines
The Philippines is still a favorite site for business process outsourcing (BPO) companies, as another US firm sets up business in the country which will provide more job opportunities for Filipinos.
Cybernet-Slash Support (CSS) recently opened its 1,000 seat call center facility in Taguig, it’s first in the country. It currently employs 400 people, but it plans to hire 2,000 local employees this year.
The new call center will be used for the company’s outbound sales, technology and other integrated BPO services for clients in North America.
The company said that the new site and its plan of hiring more employees this year is in line with its aspiration to emerge as strong player in the Philippine’s BPO space. Read the rest of this post »
February 2, 2010
Tags: BPO, business news, Call Center, CSS, Cybernet-Slash Support, Employment, Job Opportunities, outsourcing, Philippines Posted in: Announcement, BPO, Call Centers, Career, Corporations, Employment, Labor, Opportunities, Philippine business news, Philippines, communications, e-commerce, economy No Comments
BancNet members reached 59 in 2009
The number of members in BancNet has reached 59 at the end of 2009.
Last year, BancNet welcomed into its roster 10 new members, these are: Philippine National Bank (PNB), Equicom Savings Bank, Maybank Philippines, China Bank Savings, Wealth Bank, Entrepreneur Bank, Optimum Development Bank, Rural Bank of Dulag, Gubat St. Anthonry Cooperative and News Multi-Purpose Cooperative.
This brings the automated teller machine (ATM) network of BancNet to almost 4,000 units, staking its claim as the only multi-bank, multi-channel payment gateway in the country.
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February 2, 2010
Tags: ATMs, BancNet, banking, Banks, cashless shopping, money, network, Philippines Posted in: Announcement, Consumers, Philippine banks, Products, banking, communications, e-commerce, economy, finance, innovation, money No Comments
Bibingkinitan! is growing
Bibingkinitan! The dealer of those delicious mini-bibingka, is embarking on an agressive expansion binge. Now a fast-rising Filipino food chain, Bibingkinitan! is expanding and is targeting about 100 new outlets by the end of this year.
President and CEO of FoodAsia Corp., Richard V. Sans, said that half of the new stores would be owned by the company and the other half would be franchised. FoodAsia is the mother firm of Bibingkinitan!
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February 1, 2010
Tags: Bibingkinitan, Business, business opportunities, Filipino, food, franchise, Philippines Posted in: Announcement, Corporations, Opportunities, Philippine business news, Philippines, Products, finance, franchise, investments, marketing No Comments
Proposed commercial complex in Benguet
A commercial complex, which will cover around 3,910 square meters, will be built in Benguet’s public market area.
The proposed mall in Benguet is expected to further alter this town’s landscape from a flower and strawberry producing economy to a fast urbanizing capital.
Town mayor Artemio Galwan believes that the Benguet mall would enhance the town’s revenue and attract more capital from investors who found nearby Baguio City already a crowded market.
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January 31, 2010
Tags: Benguet, commercial complex, infrastructure, property development, proposed mall Posted in: Announcement, Consumers, Corporations, Government, Philippine business news, Philippines, economy, investments No Comments
Senate Bill 3966, makes insurance firms pay for fortuitous events
Last year, at the onslaught of tropical storms Ondoy and Pepeng, many motor vehicles were swept and inundated by floods and landslides, rendering them inoperable and in many cases, beyond repair.
Car owners who filed claims from their insurance companies for their losses were met with the ‘acts of God’ clause in insurance policy, which frees insurance from any liability.
Because of this, Senate Minority Floor Leader Aquilino Q. Pimentel, Jr. filed Senate Bill 3966 to protect car owners who religiously pay their insurance premiums from being left empty-handed when filing their claims for such incidences.
SB 3966 will make insurance firms to pay for losses even though they are caused by fortuitous events, or what they call ‘acts of God.’
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January 22, 2010
Posted in: Announcement, Consumers, Customer Service, Government, Law, Philippine business news, Philippines, Products, economy No Comments
Companies with delinquent SSS contributions gets a reprieve
The Social Security System (SSS) records show that the unremitted premium contribution has already reached an estimated P109 billion, while the penalties amount to P280 billion. SSS President Romulo Neri said they don’t expect to collect all those penalties because a lot of companies are so hard up these days, but added that employers need to pay their share of the premiums so that their employees can avail themselves of the benefits.
To help these companies, President Arroyo recently signed Republic Act 9903 or the Social Security Condonation Law of 2009, which grants a one-time condonation of penalties on delinquent SSS contributions by employers. The new law allows erring employers to remit their employees’ delinquent payments for premiums without paying penalties.
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January 8, 2010
Tags: business news, Philippines, RA 9903, Republic Act 9903, SSS, SSS penalties condonation Posted in: Announcement, Corporations, Government, Labor, Law, Philippine business news, Philippines, economy, finance, money No Comments
More job opportunities in the US, according to POEA
The United States may really be on the rebound. The Philippines Overseas Employment Administration (POEA) said there will be more jobs in the US this year. Employment opportunities in the US would be mostly in the construction and oil industries, POEA said.
US is once again opening its doors to foreign workers, more than a year after the onset of the global financial crisis. “The US economy is slowly recovering, which is good news for us because that means they are ready to open employment for foreign workers,” said Hans Leo Cacdad, POEA deputy administrator.
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January 2, 2010
Tags: Employment, Job Opportunities, OFWs, Philippines, US, US economy Posted in: Announcement, BPO, Career, Corporations, Employment, Government, Job Opportunities, OFWs, Opportunities, Philippines, economy One Comment
