Archive for the ‘finance’ Category

Peso to reach P44 to $1

Prakriti Sofat, an economist from leading global investment house Barclays Capital said the peso could reach 44 to the dollar level by the end of the year because of recovery in exports and the steady inflows of remittances.
In the report from Philippine Star, Sofat said the outlook for Philippine exports remains positive given the strong [...]

March 14, 2010  Tags: , , , , , , ,   Posted in: Consumers, Foreign exchange, Government, Philippine business news, banking, entrepreneur, finance, investments, money  No Comments

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

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

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

BancNet members reached 59 in 2009

The number of members in BancNet has reached 59 at the end of 2009.
Last year, BancNet welcomed into its roster 10 new members, these are: Philippine National Bank (PNB), Equicom Savings Bank, Maybank Philippines, China Bank Savings, Wealth Bank, Entrepreneur Bank, Optimum Development Bank, Rural Bank of Dulag, Gubat St. Anthonry Cooperative and News Multi-Purpose [...]

February 2, 2010  Tags: , , , , , , ,   Posted in: Announcement, Consumers, Philippine banks, Products, banking, communications, e-commerce, economy, finance, innovation, money  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

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