Archive for the ‘money’ Category
iRemit opens shop in Italy
The largest Filipino-owned non-bank remittance firm, iRemit, opens shop in Italy as part of its aggressive overseas expansion. I-Remit Inc. said its unit iRemit Global Remittance Limited was able to obtain authorization from the Financial Services in London and Banca D’Italia of Italy to convert its office in Rome into a branch. Operations will start [...]
July 29, 2011
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Tags: foreign exhange, iRemit, Italy, money, OFW, remittance · Posted in: Announcement, Business News, economy, finance, Foreign exchange, money, Philippine business news, Philippines, Remittance
Air fare promos from PAL and Cebu Pacific
The “Fly-all-you-can” promo for Asia by Philippine Airlines (PAL) is back. Flag carrier PAL’s rate for flights between local hubs Manila, Cebu and Davao and the key cities in the region are down to $270 for economy class and $1,070 for business class. Destinations covered by the “Fly-all-you-can” promo are Bangkok, Beijing, Hong Kong, Jakara, [...]
July 29, 2011
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Tags: Cebu Pacific, flag carrier, Fly-all-you-can, international flights, PAL, Philippine Airline, seat sale · Posted in: Announcement, Consumers, Corporations, money, Opportunities, Philippines, Transportation, Travel
PDIC continues to pay Banco Filipino depositors
Depositors of the Banco Filipino Savings and Mortgage Bank continue to get their money and are being serviced by the Philippine Deposit Insurance Corp. (PDIC). Banco Filipino was closed last March 17 after its branches could no longer service withdrawals and was put under receivership by monetary officials. The PDIC said in a statement that [...]
July 22, 2011
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Tags: Banco Filipino, bank, banking, business news, CSO, deposit claims, deposit insurance, depositors, money, PDIC, Philippines · Posted in: Announcement, banking, Consumers, finance, Government, money, Philippine banks, Philippine business news, Philippines
BIR falls short of its target for the first semester of 2011
The Bureau of Internal Revenue missed its target for the first six months of the year. The BIR falls short of its target collection, with its total collection in totaling P67 billion which is 2.2% lower that its P68.5-billion target. Last month’s collection brings total collection for the first semester of 2011 to P458 billion, [...]
July 15, 2011
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Tags: BIR, collection target, economy, finance, money, Philippines, tax, tax collection, Taxation, taxes · Posted in: Announcement, Business News, economy, franchise, Government, Law, money, Philippine business news, Philippines, Taxation
National Bookstore plans IPO
National Bookstore is seriously thinking of an IPO (initial public), according to company president Alfredo Ramos. The country’s largest bookstore is considering IPO to raise funds for its planned expansion in Southeast Asia. Ramos said they are eyeing China for their future site after successfully setting foot in Hong Kong. He said setting up branches [...]
June 27, 2011
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Tags: business news, initial public offering, investment, IPO, National Bookstore, NBS, passive income, Philippines, PSE, shares of stocks, stockmarket · Posted in: Announcement, Business News, Corporations, economy, entrepreneurship, finance, investments, IPO, marketing, money, Opportunities, Philippine business news, Philippines, Stock Market
SMC subsidiary earmarked $3 M for redevelopment of Boracay Airport
Trans Aire Development Holdings Corporation is earmarking $300 million for its plan to redevelop the Boracay Airport. A subsidiary of San Miguel Corporation, Trans Aire will develop Boracay Airport to bring it up to par with international standards. San Miguel president Ramon Ang said the redevelopment of the airport includes a 5,000 room budget hotel [...]
June 27, 2011
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Tags: Boracay, Boracay Airport, business news, Philippines, San Miguel, SMC, tourism, Trans Aire · Posted in: Business News, Corporations, economy, Employment, finance, investments, Job Opportunities, money, Opportunities, Philippine business news, Philippines, Tourism, Travel
Cebu Pacific to hire additional manpower for its expansion plan
Cebu Pacific has 150 new positions for female flight attendants, the airline announced recently. The new flight attendants opening is part of the budget carrier plan to beef up its manpower for its aggressive expansion. It could be recalled that just recently, Cebu Pacific ordered 37 new Airbus jets worth $3.8 billion. The hiring of [...]
June 24, 2011
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Tags: addtional manpower, airline company, business news, cabin crew, Cebu Pacific, employees, employment opportunity, expansion, flight attendant, Job Opportunities, jobs, Philippines · Posted in: Announcement, Business News, Career, economy, Employment, Job Opportunities, money, Opportunities, Philippine business news, Philippines
Henry Sy tops list of 40 richest men in the Philippines
Henry Sy, the patriarch who is on the forefront of the SM mall chains, is Forbes Magazine’s richest man in the Philippines. Henry Sy remains Philippine’s richest man with a net worth of $7.2 billion, $2.5 billion higher from last year’s $5 billion. The annual listing of 40 richest men in the country of Forbes [...]
June 24, 2011
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Tags: 40 richest men in the Philippines, billionaires, business news, finance, Forbes Magazine, Henry Sy, investment, John Gokongwei Jr., Lucio Tan, money, net worth · Posted in: Announcement, economy, entrepreneur, entrepreneurship, finance, money, People, Philippine business news, Philippines
Ongpin-led group most like to gain control of PBCom
ISM Communication Corp., a company led by former trade minister Roberto V. Ongpin, leads the race for the control of Philippine Bank of Communications (PBCom). PBCom, with existing 64-branches, is on the auction block commanding a floor price of P4.3 billion, or about P25 per common and preferred share. It has attracted suitors wishing to [...]
June 23, 2011
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Tags: Banco De Oro, bank, banking, BDO, BSP, business news, finance, financial advisor, ISM, Macquarie, Ongpin, PBCom, Philippines, PSE · Posted in: banking, Business News, Corporations, finance, franchise, investments, money, Philippine banks, Philippine business news, Philippines
Banco De Oro sets eye on acquiring PBCom
Banco de Oro plans to acquire PBCom or the Philippine Bank of Communications. Banco de Oro Unibank submitted an offer to over the operations of PBCom. PBCom confirmed in its disclosure to the Philippine Stock Exchange (PSE) that BDO indeed submitted a proposal to invest in the bank. The Henry Sy-led BDO, however, in its [...]
June 21, 2011
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Tags: Banco De Oro, bank, banking, BDO, BSP, business news, finance, PBCom, Philippines, PSE · Posted in: Announcement, banking, Business News, Corporations, Customer Service, finance, investments, money, Philippine banks, Philippine business news, Philippines
