Archive for September, 2009
Philippines assured of international assistance from the Untied Nations
After receiving assistance from the US, China and Japan, the Philippines was assured by the United Nations of its international assistance as the country recoup from the damages brought about by typhoon Ondoy (international name Ketsana). UN Secretary General Ban Ki-moon gave his assurance of international support to Department of Foreign Affairs Secretary Alberto Romulo [...]
September 29, 2009
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Roy · 
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Tags: Alberto Romulo, Ban Ki-moon, Department of foriegn Affairs, DFA, International assistance, John Holmes, Ketsana, Ocha, Philippines, President Arroyo, Typhoon Ondoy, UN headquarters, UN Secretary General, United Nations · Posted in: Announcement, Government, International relations, Philippines, Uncategorized
RP receives aid from China, Japan and US
At the wake of typhoon Ondoy aftermath, the Philippines received aids from China, Japan and the US. US donated $100,000 to the Philippines. On Sunday, US gave an initial $50,000 which coursed through the Office of Foreign Disaster Assistance (OFDA) of US Agency for International Development (USAID). On Monday, US Ambassador Kristie Kenney authorized an [...]
September 28, 2009
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Tags: Ambassador, China, donations, financial assitance, fund raising, Japan, Manila, news, Philippine National Red Cross, Philippines, PNRC, Red Cross, rescue operations, Typhoon Ondoy, US, US Embassy, weather · Posted in: Announcement, Government, People, Philippines, Uncategorized
Pilipinas Shell gets P22 M tax refund
Pilipinas Shell Petroleum Corp. will be getting P22 million in tax refund. That is because the Court of Appeals (CA) upheld the decision of the Court of Tax Appeals (CTA) to compel the Bureau of Internal Revenue (BIR) to refund or issue a tax credit certificate worth more than P22 million to Pilipinas Shell. According [...]
September 22, 2009
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Tags: BIR, Court of Appeals, Court of Tax Appeals, documentary stamp tax, Philippines, Pilipinas Shell, tax credit certificate, tax refund, taxes · Posted in: Announcement, Corporations, Government, Law, money, Philippine business news, Philippines, Taxation
Abaca fiber to stay on Philippine bills
Abaca farmers can now rest easy, as the Bangko Sentral ng Pilipinas has decided to keep using abaca fiber on Philippine notes. BSP said abaca fiber will stay as its Numismatic Committed decided to support the domestic abaca industry and dropped the plan to print new bank notes in polymer material. Armando Suratos, Deputy Governor [...]
September 20, 2009
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Tags: abaca fiber, BSP, finance, money, Philippine notes · Posted in: Announcement, economy, finance, Government, money, Philippine business news, Philippines
Chinatrust plans opening new branch in Cagayan de Oro City
Chinatrust Commercial Bank Corp. in the Philippines is a subsidiary of the Chinatrust Commercial Bank Corp. in Taiwan, which is the largest and most awarded private commercial bank in Taiwan and was included in the top 200 biggest banks in terms of capital. With 23 branches in the Philippines at present, Chinatrust plans to open [...]
September 20, 2009
· Roy · 4 Comments
Tags: banking, business news, Cagayan de Oro City, finance, Mindanao, money, Philippine Bank, Philippines, Taiwan · Posted in: Announcement, banking, Corporations, economy, finance, money, Philippine banks, Philippine business news, Philippines
Transcom to open BPO center in Iloilo City
Employment opportunities in Iloilo City open up as Transcom sets up a facility there. Touted to be Europe’s largest business process outsourcing (BPO) firm, Transcom will be opening a call center in Iloilo this year. The company is planning to hire 1,000 to 2,000 employees for the said facility. According to City Mayor Jerry Treñas, [...]
September 20, 2009
· Roy · 14 Comments
Tags: BPO, Business, business news, Call Centers, employment opportunity, Iloilo City, outsourcing firm, Transcom · Posted in: Announcement, BPO, Call Centers, Career, Employment, Philippine business news, Philippines
SMC sells assets to fund diversifications
The food and beverage giant San Miguel Corp. is looking to sell a minority stake in its food, hard liquor, international beer and packaging units. SMC plans to sell its assets in its effort to raise $600 million, the proceeds of which will be used to its new ventures which are outside its traditional businesses. [...]
September 19, 2009
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Tags: asset sale, business news, diversification, Ginebra, GSIS, Philippine, Pure Foods, SMC · Posted in: Corporations, investments, Philippine business news
Ford Philippines to provide cars for Indonesia police
Ford Group Philippines has just completed its biggest fleet sales with the delivery of 577 Ford Focus units for Indonesian National Police Force. The fleet order is part of the Indonesia police’s 2009 fleet program. With Ford’s fleet sale to Indonesia, RP-made cars will now be patrolling the streets of Indonesia. Ford Motor Co. Philippines [...]
September 18, 2009
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Tags: export, fleet sales, Ford Focus, Ford Philippines, Indonesia, Indonesia Police, Philippines · Posted in: marketing, Philippine business news
RCBC to raise $85 million through deposit certificates
With the plan for expansion, they needed to raise funds. That’s why the Rizal Commercial Banking Corporation or RCBC will issue dollar-denominated negotiable certificates of time deposits (NCTDs). RCBC will offer deposit certificates to its depositors from Septber 22 to 25, where it aims to raise $85 million (P4 billion) to use for its planned [...]
September 18, 2009
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Tags: deposit certificates, NCTD, negotiable instruments, Philippine banks, Philippines, RCBC · Posted in: Announcement, investments, money, Philippine banks, Philippine business news, Philippines
An IPO from San Miguel in the next three years
Here’s a good investment opportunity for those who want to try the stock market. The San Miguel Energy Corp. (SMEC), the energy investment arm of food and beverage giant of San Miguel Corp. will be conducting an initial public offering (IPO) within the next three years. The IPO plan of San Miguel, according to SMC [...]
September 3, 2009
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Tags: finance, initial public offering, investment, investments, IPO, money, news, Philippines, PSALM, San Miguel, SMEC, stocks, trading · Posted in: Announcement, finance, investments, IPO, money, Philippine business news, Philippines, Stock Market
