Archive for February, 2010

Pag-IBIG’s P12-billion bond offering

The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG, will be having a P12-billion bond offering starting next month.
In an investors’ meeting held recently were the bonds were launched, HDMF chief executive officer Jaime Fabiaña said the proceeds of the bonds would be used to refinance in maturing P7 billion loan in May, [...]

February 24, 2010   Posted in: Announcement, Government, Opportunities, Philippine banks, Philippine business news, Philippines, Products, banking, economy, finance, investments, money  No Comments

Five banks signed trade finance agreement with ADB

The Asian Development Bank is making funds available to Philippine traders via its $1-billion regional facility. To help traders get access to this fund, the ADB signed a trade finance agreement with five banks – Development Bank of the Philippines, Metropolitan Bank and Trust Co., Philippine National Bank, Rizal Commercial Banking Corp. and Allied Banking [...]

February 23, 2010  Tags: , , , , , ,   Posted in: Announcement, Corporations, Loans, Opportunities, Philippine banks, Philippine business news, Philippines, banking, economy, finance, money  No Comments

BPO firm gears up for expansion in the Philippines

The country continues to become an attractive place to invest, especially in the business process outsourcing (BPO) sector, because of the availability of qualified workforce and quality service areas.
The ingredients that motivate Infosys BPO Ltd. to draw up plans to expand its presence in the country. The Philippine expansion of Infosys includes opening up three [...]

February 19, 2010  Tags: , , , , , ,   Posted in: Announcement, BPO, Call Centers, Career, Employment, Job Opportunities, Philippine business news, Philippines, investments  No Comments

IP E-Game gets listed in PSE, share price jumps 50% on first day

Online gaming publisher IP E-Game Ventures Inc. (IP E-Games) held its listing ceremony last February at the Philippine Stock Exchange, Inc. (PSE) Wednesday. The PSE approved an initial introduction of 33,545,554 common shares under the Second Board of the PSE, last Feb. 1, 2010.
On its first day of trading, share prices o IP E-Game stocks [...]

February 19, 2010  Tags: , , , , , , , , ,   Posted in: Announcement, Corporations, Government, IPO, Philippine business news, economy, investments, marketing, money  No Comments

Yuan-denominated products offered in BPI

Major banks in the Philippines are now offering yuan-denominated savings accounts. The latest to join the ranks of local banks who offer these products is the Bank of the Philippine Islands.
The yuan or Renmibi products of BPI would be opened in the first week of the new Chinese New Year of the Metal Tiger. These [...]

February 14, 2010  Tags: , , , , , ,   Posted in: Corporations, Customer Service, Foreign exchange, International relations, Philippine banks, Philippine business news, Philippines, Products, banking, economy, finance, money  No Comments

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 [...]

February 8, 2010  Tags: , , , , , , ,   Posted in: Announcement, BPO, Call Centers, Career, Corporations, Employment, Job Opportunities, Opportunities, Philippine business news, Philippines, communications, investments  One Comment

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 [...]

February 7, 2010  Tags: , , , , , , ,   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 [...]

February 6, 2010  Tags: , , , , , , ,   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 [...]

February 2, 2010  Tags: , , , , , , , ,   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 [...]

February 2, 2010  Tags: , , , , , , ,   Posted in: Announcement, Consumers, Philippine banks, Products, banking, communications, e-commerce, economy, finance, innovation, money  No Comments