Archive for the ‘Government’ Category

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

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

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

Proposed commercial complex in Benguet

A commercial complex, which will cover around 3,910 square meters, will be built in Benguet’s public market area.
The proposed mall in Benguet is expected to further alter this town’s landscape from a flower and strawberry producing economy to a fast urbanizing capital.
Town mayor Artemio Galwan believes that the Benguet mall would enhance the town’s revenue [...]

January 31, 2010  Tags: , , , ,   Posted in: Announcement, Consumers, Corporations, Government, Philippine business news, Philippines, economy, investments  No Comments

Senate Bill 3966, makes insurance firms pay for fortuitous events

Last year, at the onslaught of tropical storms Ondoy and Pepeng, many motor vehicles were swept and inundated by floods and landslides, rendering them inoperable and in many cases, beyond repair.
Car owners who filed claims from their insurance companies for their losses were met with the ‘acts of God’ clause in insurance policy, which frees [...]

January 22, 2010   Posted in: Announcement, Consumers, Customer Service, Government, Law, Philippine business news, Philippines, Products, economy  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

More job opportunities in the US, according to POEA

The United States may really be on the rebound. The Philippines Overseas Employment Administration (POEA) said there will be more jobs in the US this year. Employment opportunities in the US would be mostly in the construction and oil industries, POEA said.
US is once again opening its doors to foreign workers, more than a year [...]

January 2, 2010  Tags: , , , , ,   Posted in: Announcement, BPO, Career, Corporations, Employment, Government, Job Opportunities, OFWs, Opportunities, Philippines, economy  One Comment

BIR to check on companies’ year-end inventories

Here’s one last attempt of the Bureau of Internal Revenue (BIR) to catch up of companies trying to pull a fast one on the revenue agency.
BIR field personnel will be going out and check the warehouses of companies to verify their year-inventories viz-a-viz their submitted year-end declaration.
Revenue Memorandum Order No. 40-2009 was issued by BIR [...]

December 28, 2009  Tags: , , , , ,   Posted in: Announcement, Corporations, Government, Law, Philippine business news, Philippines, Pricing, Products, Taxation, economy, finance, money  No Comments