Archive for the ‘economy’ Category
Figaro to open more stores in 2010
The country’s largest Filipino-owned coffee company plans to expand operations this year by opening up one or two outlets each month, or a total of 18 stores before the year ends.
Figaro Coffee Co. sets aside a total of P78 million to fund the increase of its 65 coffee shops in the Philippines. Marketing manager of [...]
June 26, 2010
Tags: Business, coffee, coffee shops, entrepreneur, expansion, Figaro, Filipino-owned, investments, Philippines Posted in: Announcement, Corporations, Employment, Philippine business news, Philippines, Products, economy, entrepreneur, investments, marketing 
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Lower remittance fees for OFWs
A new remittance system that will allow for a safer, faster and cheaper remittances by OFWs (overseas Filipino workers) will be implemented by the Bangko Sentral ng Pilipinas (BSP) starting on the third quarter of the year.
This is the new Philippine Payments and Settlements System or Philpass Remit System. Under this new system, the fee [...]
May 25, 2010
Tags: Business, finance, money, OFWs, Philpass, remittances Posted in: Announcement, Consumers, Government, OFWs, Philippine business news, Philippines, banking, economy, finance, money No Comments
First Gas to borrow $80 million from local banks
First Gas Power Corp. is planning to borrow $80 million from local banks, and the Lopez-controlled is seeking the approval of Bangko Sentral ng Pilipinas to borrow the said amount, which was said to be higher that what was being considered earlier by the company, which was only $50 million.
The company is the one who [...]
May 16, 2010
Tags: bank, banking, borrowing, BSP, FCDU, finance, First Gas, foreign currency, loan, money, Philippines, power plant Posted in: Corporations, Foreign exchange, Philippine business news, Philippines, banking, economy, finance, money No Comments
More jobs for Filipino nurses and engineers in New Zealand and Australia
More job opportunities for Filipino nurses and engineers are waiting in New Zealand and Australia. Filipino professionals will have more chances of finding jobs in New Zealand and Australia as these two countries vowed to increase their demand for healthcare and skilled workers.
This commitment came after the enforcement of the ASEAN-Australia-New Zealand Free Trade Agreement [...]
May 9, 2010
Tags: business news, Career, Employment, engineerings, farm managers, Filipino professionals, job oppor, Job Opportunities, nurses, OFWs, Philippines Posted in: Announcement, Career, Employment, International relations, Job Opportunities, Labor, OFWs, Opportunities, Philippines, economy 2 Comments
iRemit to open more branches in Europe
After securing a license to operate in Europe, iRemit made true to its commitment of servicing overseas Filipino worker (OFWs) staying in the region with iRemit Europe.
Now, still the largest Filipino-owned non-bank remittance company, iRemit wants to strengthen its presence in Europe as it plans to open more branches in major cities in the region.
iRemit [...]
May 7, 2010
Tags: business news, finance, foreign currency, Foreign exchange, iRemit, Italy, money, non-bank, OFW, overseas Filipino workers, Philippines, remittance, Rome Posted in: Announcement, Consumers, Customer Service, Foreign exchange, International relations, OFWs, banking, economy, finance, money No Comments
Job opportunities in Taiwan
More employment opportunities in Taiwan await Filipino jobseekers, the Philippine Star reported today.
In its business page, the local newspaper said that according to local recruiters, there are at least 30,000 jobs awaiting Filipino workers in Taiwan.
Pilipino Manpower Association of Taiwan, Inc. (PILMAT) president Jackson Gan said that factories in Taiwan are still in dire need [...]
May 2, 2010
Tags: business news, Employment, foreign relations, Job Opportunities, OFWs, oversea Filipino workers, Philippines, Taiwan Posted in: Announcement, Employment, Government, International relations, Job Opportunities, Labor, Opportunities, Philippine business news, Philippines, economy No Comments
Philippine Peso to climb up to P43 to $1
In spite of the prediction of some economist that the peso will soon weaken, especially during the coming elections, it continues it upwards surge. According to American banking giant Citigroup, it even sees the peso strengthening to 43 to $1.
According to Citigroup economist Jun Trinidad, the country’s “export earnings as well as the tightening of [...]
April 20, 2010
Tags: dollar, dollar trading, economy, Foreign exchange, forex, money, Peso, Philippine Posted in: Foreign exchange, Philippines, economy, finance, money No Comments
$500 M retail treasury bonds to be auctioned by the government
$500 million retail treasury bonds will be auctioned by the government on April 21. These RTB were intended for overseas Filipino workers (OFWs).
National Treasurer Roberto Tan is confident that they would be able to sell the whole $500 million after conducting a series of successful briefing in different parts of the globe.
Tan said that they [...]
April 19, 2010
Tags: auctioned, exemption, Government, incentive, investment instruments, money, multi-currency, Philippines, retail treasury bonds, RTB Posted in: Announcement, Government, Philippine business news, Philippines, banking, economy, finance, investments, money One Comment
Peso seen to weaken anew
After its continued rally last week, where it breaks into the P44 mark, economists say that peso is seen to weaken anew, adding that it would be seen retreating back to P46-to-$1 at the height of the local and national elections.
Having a pause from its seven-day rally against the dollar last Thursday, the local currency [...]
April 10, 2010
Tags: business news, finance, Foreign exchange, money, P46 to $1, Philippine pose, US dollar Posted in: Consumers, Foreign exchange, Philippine business news, Philippines, banking, economy, finance, money One Comment
PNB, Bank of China tie up in handling remittances
Philippine National Bank (PNB), the country’s seventh largest bank in terms of assets, has signed an agreement with the Bank of China (BOC) in handling remittances of Chinese nationals who are based in Italy. PNB’s tie-up with BOC expands the market coverageВ PNB Italy SpA, which was established primarily to facilitate remittances of Filipinos who [...]
April 8, 2010
Tags: agreement, Bangko Sentral, bank, Bank of China, banking, Boc, contract, Foreign exchange, money, network, OFW, Philippine National Bank, Philippines, PNB, remittances Posted in: Corporations, Foreign exchange, OFWs, Philippine banks, Philippines, banking, economy, finance, money No Comments
