Archive for the ‘investments’ Category
Nestlé investing P4.8 billion in its new plant
Nestlé is investing some P4.8 billion for its new factory in Tanauan, Batangas. The new factory, which is the company’s fifth in the country, is now under construction and is expected to start operating next year. John Miller, Nestlé Philippines Inc. chairman and chief executive officer said the new factory will be manufacturing Coffeemate. He [...]
June 21, 2011
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Tags: coffee creamer, coffeemate, investment, milk products, Nestlé, new factory, Philippines, tapioca · Posted in: Business News, Corporations, economy, Employment, finance, investments, money, Opportunities, Philippine business news, Philippines
Cebu Pacific purchased 37 new Airbus jets worth $3.88 billion
Cebu Pacific purchased 37 new Airbus jets worth $3.88 billion, said to be the single biggest aircraft order in the Philippine history. The fleet is composed of 30 new Airbus A321 NEO (New Engine Option) and seven A320. The budget carrier Cebu Pacific president and CEO Lancy Y. Gokongwei said the purchase would take care [...]
June 17, 2011
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Tags: A320, A321, air travel, Airbus jets, budget carrier, business news, Cebu Pacific, investments, Philippines, travel · Posted in: Business News, Corporations, economy, finance, investments, Philippine business news, promotions, Transportation, Travel
TeleTech to open two more BPO facilities in the Philippines
Business process outsourcing (BPO) firm TeleTech Holdings Inc. will open two more call center facility in the Philippines, a sign of its confidence in the country’s economy and the continuous growth of the BPO industry here. Currently having 12 service centers across the Philippines, Teletech will open its 13th site at the Robinsons Corporate Center [...]
June 17, 2011
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Tags: BPO, business process outsourcing, Call Center, Employment, expansion, investment, Philippines, TeleTech · Posted in: BPO, Business News, Call Centers, Corporations, economy, Employment, finance, investments, Philippine business news, Philippines
DTI flies to Australia to invite investors
The Philippines has invited Australian businesses to invest in the country. The Department of Trade and Industry (DTI) Secretary flew to Australia this week together with Undersecretary Adrian Cristobal Jr. to meet with Australian Trade Minister Craig Emerson. The visit was aimed to discuss the business opportunities between the two countries.
June 17, 2011
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Tags: Australia, business news, DTI, foreign investors, investment, trade and industry · Posted in: Announcement, BPO, Business News, economy, Employment, Government, International relations, investments, Philippine business news, Philippines
Security Bank acquires Premiere Bank
Security Bank acquires Premiere Bank. One of the country’s largest lenders in terms of assets, Security Bank Corp. acquired 98 percent of Premiere Development Bank for P1.3 billion. The bank said the acquisition is part of its plan to expand it bank network, build its loan portfolio and expand its customer base. Security Bank bought [...]
June 3, 2011
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Tags: acquisition, bank, banking, business news, commercial bank, finance, lenders, merger, Philippines, Premiere Bank, Security Bank, shareholders, thrift bank · Posted in: banking, Business News, Corporations, Customer Service, finance, investments, Loans, money, Philippine business news, Philippines
Filinvest to include budget hotels in its portfolio
The Filinvest Development Corp., the holding company of the Andrew Gotianun Sr.-led Filinvest group, teams up with a Singaporean firm to launch its own chain of budget hotels. Filinvest Development president Josephine Gotianun-Yap said the company had formed a joint venture partnership with the Archipelago group of Singapore to introduce to the local market the [...]
May 30, 2011
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Tags: budget hotel, business news, Fave, FDC, Filinvest, hotel, joint-venture, local tourism, Philippines, travel · Posted in: Corporations, economy, Employment, Housing, investments, marketing, Philippine business news, Philippines, Pricing, Products, Travel
DepEd keen to start K+12 program with universal kindergarten
About 22,000 volunteers will be tapped by the Department of Education (DepEd) to teach in pre-school this coming school year. The education department expects 2.5 million enrollees in its universal kindergarten program. The volunteers will work for three to four hours a day and will receive a monthly allowance of P3,000, according to DepEd Assistant [...]
May 20, 2011
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Tags: 12 years basic education, Department of Education, DepEd, K+12 program, kindergarten, Philippines, pre-school · Posted in: Education, Government, investments, Philippines
Johnson & Johnson makes Philippines its global service center
Johnson & Johnson plans to expand operations in the Philippines to allow its service centers in the country to serve countries outside the Asia Pacific, said Dominic Caruso, the company’s chief financial officer. Caruso said pharmaceutical giant Johnson & Johnson’s newly inaugurated $13.25-million Global Finance Services (GFS) in Parañaque City will be set up to [...]
May 11, 2011
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Tags: Asia, expansion, GFS, global service center, Johnson & Johnson, manufacturing operations, pharmaceutical, pharmacy, Philippines · Posted in: Announcement, Corporations, economy, Employment, finance, Health, investments, Job Opportunities, marketing, Medicine, Philippine business news, Philippines, Products
New CDC head wants theme park inside Clark
Former Clark Development Corporation (CDC) chief Benigno Ricafort formally turned over stewardship of the Clark Freeport Zone to new CDC head Felipe Antonio Remollo who officially assumed the post last Monday. A member of the Liberal Party, Remollo had been mayor of Dumaguete City in Negros Oriental from 1998 to 2001. He resigned recently from [...]
May 4, 2011
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Posted in: Announcement, business opportunity, Consumers, Corporations, Employment, Foreign exchange, Government, International relations, investments, Job Opportunities, marketing, Opportunities, People, Philippines, promotions
SM to build biggest shopping mall in Cebu
SM’s 4th biggest mall will cost the largest mall developer in the country P4.5 billion. SM Prime Holdings Inc. will put up SM Seaside City Cebu which will have a gross floor area of 241,600 square meters. The property is part of the P20-billion 30-hectare integrated development project at South Road Properties (SRP) known as [...]
May 4, 2011
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Tags: biggest shopping mall, Business, Cebu City, investment, mall, Philippines, property, real property, shopping mall, SM Malls, SM Prime Holding, SM Seaside Cebu · Posted in: Announcement, business opportunity, Corporations, economy, finance, franchise, investments, marketing, Opportunities, Philippine business news, Philippines, real estate
