Archive for the ‘Corporations’ Category
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
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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
Air fare promos from PAL and Cebu Pacific
The “Fly-all-you-can” promo for Asia by Philippine Airlines (PAL) is back. Flag carrier PAL’s rate for flights between local hubs Manila, Cebu and Davao and the key cities in the region are down to $270 for economy class and $1,070 for business class. Destinations covered by the “Fly-all-you-can” promo are Bangkok, Beijing, Hong Kong, Jakara, [...]
July 29, 2011
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Tags: Cebu Pacific, flag carrier, Fly-all-you-can, international flights, PAL, Philippine Airline, seat sale · Posted in: Announcement, Consumers, Corporations, money, Opportunities, Philippines, Transportation, Travel
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
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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
National Bookstore plans IPO
National Bookstore is seriously thinking of an IPO (initial public), according to company president Alfredo Ramos. The country’s largest bookstore is considering IPO to raise funds for its planned expansion in Southeast Asia. Ramos said they are eyeing China for their future site after successfully setting foot in Hong Kong. He said setting up branches [...]
June 27, 2011
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Tags: business news, initial public offering, investment, IPO, National Bookstore, NBS, passive income, Philippines, PSE, shares of stocks, stockmarket · Posted in: Announcement, Business News, Corporations, economy, entrepreneurship, finance, investments, IPO, marketing, money, Opportunities, Philippine business news, Philippines, Stock Market
SMC subsidiary earmarked $3 M for redevelopment of Boracay Airport
Trans Aire Development Holdings Corporation is earmarking $300 million for its plan to redevelop the Boracay Airport. A subsidiary of San Miguel Corporation, Trans Aire will develop Boracay Airport to bring it up to par with international standards. San Miguel president Ramon Ang said the redevelopment of the airport includes a 5,000 room budget hotel [...]
June 27, 2011
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Tags: Boracay, Boracay Airport, business news, Philippines, San Miguel, SMC, tourism, Trans Aire · Posted in: Business News, Corporations, economy, Employment, finance, investments, Job Opportunities, money, Opportunities, Philippine business news, Philippines, Tourism, Travel
Jollibee to open 250 new stores this year
Philippines’ top fastfood chain, Jollibee Foods Corp, plans to open up 280 new stores before the end of 2011. Jollibee is looking to open 90 stores in China, 30 in other countries that it did not identify, and 160 new branches in the country.
June 23, 2011
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Tags: capex, China, economy, expansion, fast food, fastfood, franchise, Jollibee, Jollibee Foods Corporation, Philippines · Posted in: Business News, Corporations, economy, Employment, entrepreneur, finance, franchise, Job Opportunities, marketing, Philippine business news, Philippines, Products
Ongpin-led group most like to gain control of PBCom
ISM Communication Corp., a company led by former trade minister Roberto V. Ongpin, leads the race for the control of Philippine Bank of Communications (PBCom). PBCom, with existing 64-branches, is on the auction block commanding a floor price of P4.3 billion, or about P25 per common and preferred share. It has attracted suitors wishing to [...]
June 23, 2011
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Tags: Banco De Oro, bank, banking, BDO, BSP, business news, finance, financial advisor, ISM, Macquarie, Ongpin, PBCom, Philippines, PSE · Posted in: banking, Business News, Corporations, finance, franchise, investments, money, Philippine banks, Philippine business news, Philippines
Banco De Oro sets eye on acquiring PBCom
Banco de Oro plans to acquire PBCom or the Philippine Bank of Communications. Banco de Oro Unibank submitted an offer to over the operations of PBCom. PBCom confirmed in its disclosure to the Philippine Stock Exchange (PSE) that BDO indeed submitted a proposal to invest in the bank. The Henry Sy-led BDO, however, in its [...]
June 21, 2011
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Tags: Banco De Oro, bank, banking, BDO, BSP, business news, finance, PBCom, Philippines, PSE · Posted in: Announcement, banking, Business News, Corporations, Customer Service, finance, investments, money, Philippine banks, Philippine business news, Philippines
Nestlé investing P4.8 billion in its new plant
Nestlé is investing some P4.8 billion for its new factory in Tanauan, Batangas. The new factory, which is the company’s fifth in the country, is now under construction and is expected to start operating next year. John Miller, Nestlé Philippines Inc. chairman and chief executive officer said the new factory will be manufacturing Coffeemate. He [...]
June 21, 2011
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Tags: coffee creamer, coffeemate, investment, milk products, Nestlé, new factory, Philippines, tapioca · Posted in: Business News, Corporations, economy, Employment, finance, investments, money, Opportunities, Philippine business news, Philippines
Cebu Pacific purchased 37 new Airbus jets worth $3.88 billion
Cebu Pacific purchased 37 new Airbus jets worth $3.88 billion, said to be the single biggest aircraft order in the Philippine history. The fleet is composed of 30 new Airbus A321 NEO (New Engine Option) and seven A320. The budget carrier Cebu Pacific president and CEO Lancy Y. Gokongwei said the purchase would take care [...]
June 17, 2011
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Tags: A320, A321, air travel, Airbus jets, budget carrier, business news, Cebu Pacific, investments, Philippines, travel · Posted in: Business News, Corporations, economy, finance, investments, Philippine business news, promotions, Transportation, Travel
