Archive for the ‘Business News’ Category
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 [...]
August 14, 2011
· 
Roy · 
No Comments
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.
August 9, 2011
· Roy · No Comments
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 [...]
August 3, 2011
· Roy · No Comments
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 [...]
August 2, 2011
· Roy · No Comments
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.
August 2, 2011
· Roy · No Comments
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 [...]
July 30, 2011
· Roy · No Comments
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 [...]
July 30, 2011
· Roy · No Comments
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
Call center conference slated this August
A call center conference will be held at the SMX Convention Center in Pasay City this August. Spearheaded by the Contact Center of Philippines (CCAP), this year’s International Contact Center Conference Expo 2011 will have the theme “Sustaining the Lead, Expanding Opportunities and it will be on August 2 and 3, 2011. The conference aims [...]
July 30, 2011
· Roy · No Comments
Tags: BPO, business news, business process outsourcing, Call Center, CCAP, conference and expo, outsourcing, Philippines · Posted in: BPO, Business News, Call Centers, Career, communications, e-commerce, economy, Foreign exchange, innovation, International relations, marketing, Philippine business news, Philippines, Technology, Tourism
iRemit opens shop in Italy
The largest Filipino-owned non-bank remittance firm, iRemit, opens shop in Italy as part of its aggressive overseas expansion. I-Remit Inc. said its unit iRemit Global Remittance Limited was able to obtain authorization from the Financial Services in London and Banca D’Italia of Italy to convert its office in Rome into a branch. Operations will start [...]
July 29, 2011
· Roy · No Comments
Tags: foreign exhange, iRemit, Italy, money, OFW, remittance · Posted in: Announcement, Business News, economy, finance, Foreign exchange, money, Philippine business news, Philippines, Remittance
PAL posted $72.5 million profit for fiscal year ended March 2011
The Philippine Airlines (PAL) announced last Friday that it made a big turnaround from its marginal loss last year and posted a profit this year. Flag carrier PAL posted an income of $72.5 million for its fiscal year ending March 2011, overturning its $14.4 million loss the previous year. Its revenues soared to $1.67 million [...]
July 22, 2011
· Roy · No Comments
Tags: business news, fiscal year, flag carrier, income, PAL, Philippine Airline, Philippines · Posted in: Business News, Corporations, economy, finance, investments, Philippine business news, Philippines, Transportation, Travel
