Archive for the ‘Corporations’ Category

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

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

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

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 [...]

February 1, 2010  Tags: , , , , , ,   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 [...]

January 31, 2010  Tags: , , , ,   Posted in: Announcement, Consumers, Corporations, Government, Philippine business news, Philippines, economy, investments  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 [...]

January 8, 2010  Tags: , , , , ,   Posted in: Announcement, Corporations, Government, Labor, Law, Philippine business news, Philippines, economy, finance, money  One Comment

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 [...]

January 2, 2010  Tags: , , , , ,   Posted in: Announcement, BPO, Career, Corporations, Employment, Government, Job Opportunities, OFWs, Opportunities, Philippines, economy  One Comment

BIR to check on companies’ year-end inventories

Here’s one last attempt of the Bureau of Internal Revenue (BIR) to catch up of companies trying to pull a fast one on the revenue agency.
BIR field personnel will be going out and check the warehouses of companies to verify their year-inventories viz-a-viz their submitted year-end declaration.
Revenue Memorandum Order No. 40-2009 was issued by BIR [...]

December 28, 2009  Tags: , , , , ,   Posted in: Announcement, Corporations, Government, Law, Philippine business news, Philippines, Pricing, Products, Taxation, economy, finance, money  No Comments