Archive for the ‘economy’ Category

Ayala Land to open new BPO facility in Iloilo

Iloilo City is one of the city identified as the Next Wave Cities (NWC) for business process outsourcing (BPO) firms by the Business Processing Association of the Philippines (BPAP) because of its attractive power, telecommunications, commercial, sea and airport infrastructure and it offers one of the lowest rental, power and average base pay rates in [...]

March 8, 2010   Posted in: Announcement, BPO, Call Centers, Career, Employment, Job Opportunities, Opportunities, Philippine business news, Philippines, economy, finance, investments  No Comments

Declare bets’ bank accounts

Now, here’s a good suggestion. Presidential aspirant Gilberto “Gibo” Teodoro Jr. wanted bets bank accounts bared.
The Lakas-Kampi-CMD standard-bearer said that the bank secrecy law should be lifted or at least be reviewed to help unmask the financial activities of politicians who are suspected to have links to the illegal drug trade.
Gibo was reacting to the [...]

March 6, 2010  Tags: , , , , ,   Posted in: Announcement, Government, Law, Philippine banks, Philippine business news, Philippines, banking, economy, finance, money  No Comments

Peso continues to appreciate

At the closing of the week’s trade this Friday, Peso inches up further as it closed at 46.05 against the US dollar, which is stronger than Thursday closing which is 46.09.
The peso continued to appreciate as favorable investor sentiment boosted appetite for currencies of emerging Asian economies. Volume of Friday’s trade went up to $73.1 [...]

March 5, 2010   Posted in: Foreign exchange, Government, Philippine banks, Philippine business news, Philippines, banking, economy, finance, money  No Comments

Franchising seminar

Planning of getting a franchise for a business? Here’s an opportunity for you to learn the ropes on how to get a franchise here in the Philippines.
There is a scheduled franchise seminar to be held tomorrow, March 7, 2010 at the Mang Inasal, Makati Ave. corner Jupiter Street in Makati. The seminar will start at [...]

March 4, 2010  Tags: , , , , , , , , ,   Posted in: Announcement, Education, Opportunities, People, Philippine business news, Philippines, Products, business opportunity, economy, entrepreneur, entrepreneurship, franchise, marketing, money, promotions  No Comments

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

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

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