Archive for the ‘Foreign exchange’ Category
Job opportunities on Labor Day job fairs
The Department of Labor and Employment (DOLE) said there are more than 100,000 job opportunities available for jobseekers this coming Labor Day. DOLE Secretary Rosalinda Baldoz confirmed last Monday that there are 1,000 companies and recruitment agencies who would be offering both local and foreign employment opportunities at the different Jobs and Livelihood Fairs across [...]
April 19, 2011
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Roy · 
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Tags: displaced OFWs, DOLE, Employment, job fair, Job Opportunities, jobseekers, Labor Day, new graduates, OFWs, Philippines · Posted in: Announcement, BPO, Call Centers, Career, e-commerce, economy, Employment, Foreign exchange, franchise, Government, International relations, Job Opportunities, Labor, OFWs, Opportunities, People, Philippines, Working Students
PAL reduced airfares for Filipino evacuees from Japan
Flag carrier Philippine Airlines (PAL) slashed its fares by more than 30 percent to help Filipinos whom the Japanese authorities are forcing to evacuate from the leaking nuclear reactors at the Fukushima Prefecture. The discounted airfare will be for inbound flights from Narita, Japan. The new rate will be $335 from $500, for one-way trips [...]
April 19, 2011
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Tags: air travel, airfare, discounted airfare, Filipino, flag carrier, Japan, Lucio Tan, OFW, PAL, Philippine Airlines, promotion, reduced ticket price, travel · Posted in: Announcement, Customer Service, finance, Foreign exchange, Government, money, OFWs, People, Philippines, Pricing, Products, promotions, Transportation, Travel
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 [...]
May 16, 2010
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Tags: bank, banking, borrowing, BSP, FCDU, finance, First Gas, foreign currency, loan, money, Philippines, power plant · Posted in: banking, Corporations, economy, finance, Foreign exchange, money, Philippine business news, Philippines
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 [...]
May 7, 2010
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Tags: business news, finance, foreign currency, Foreign exchange, iRemit, Italy, money, non-bank, OFW, overseas Filipino workers, Philippines, remittance, Rome · Posted in: Announcement, banking, Consumers, Customer Service, economy, finance, Foreign exchange, International relations, money, OFWs
Sale of OFW retail treasury bonds completed
The auction of the retail treasury bonds of the Philippine government has been completed and according to National Treasurer Roberto Tan, $500 million have been raise from the sale of the retail, multi-currency bond. Tan was happy to report that they completed the total tender of $5000 million, based on the preliminary information he had [...]
April 27, 2010
· Roy · One Comment
Tags: finance, investment instruments, investments, money, OFWs, retail treasury bond, RTB · Posted in: entrepreneurship, finance, Foreign exchange, investments, money, OFWs, Philippine business news
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 [...]
April 20, 2010
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Tags: dollar, dollar trading, economy, Foreign exchange, forex, money, Peso, Philippine · Posted in: economy, finance, Foreign exchange, money, Philippines
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 [...]
April 10, 2010
· Roy · One Comment
Tags: business news, finance, Foreign exchange, money, P46 to $1, Philippine pose, US dollar · Posted in: banking, Consumers, economy, finance, Foreign exchange, money, Philippine business news, Philippines
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 coverage PNB Italy SpA, which was established primarily to facilitate remittances of Filipinos who [...]
April 8, 2010
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Tags: agreement, Bangko Sentral, bank, Bank of China, banking, Boc, contract, Foreign exchange, money, network, OFW, Philippine National Bank, Philippines, PNB, remittances · Posted in: banking, Corporations, economy, finance, Foreign exchange, money, OFWs, Philippine banks, Philippines
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 [...]
March 14, 2010
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Tags: dollar, economy, export, Foreign exchange, forex, Peso, Philippines, remittances · Posted in: banking, Consumers, entrepreneur, finance, Foreign exchange, Government, investments, money, Philippine business news
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 [...]
March 5, 2010
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Posted in: banking, economy, finance, Foreign exchange, Government, money, Philippine banks, Philippine business news, Philippines
