Manila Water signed P500M loan deal for its Boracay unit
Boracay Island Water Co. Inc. signed a P500-million term loan facility with Development Bank of the Philippines and Security Bank recently. The terms of the loan include an option to increase the amount the P1 billion. A subsidiary of the Ayala-led Manila Water Co., the loan will be used to finance the additional capital expenditure [...]
August 2, 2011
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Tags: bank loan, Boracay, Boracay Island Water, business news, finance, investment, Manila Water, P500 million loan, Philippines, revolving fund · Posted in: Announcement, banking, Business News, business opportunity, Corporations, economy, entrepreneurship, finance, Government, International relations, investments, Loans, money, Philippine business news, Philippines
BIR to do lifestyle check on professionals too
The Bureau of Internal Revenue will conduct a lifestyle check on professionals; this includes lawyers, doctors and accountants. The move is part of the tax agency’s effort to “convince” self-employed individuals to pay the right taxes.
August 2, 2011
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Tags: BIR, business news, income tax, lifestyle check, money, Philippines, professionals, tax, tax target, Taxation, taxes · Posted in: Business News, economy, finance, Government, Law, money, Philippine business news, Philippines, Taxation
Call center conference slated this August
A call center conference will be held at the SMX Convention Center in Pasay City this August. Spearheaded by the Contact Center of Philippines (CCAP), this year’s International Contact Center Conference Expo 2011 will have the theme “Sustaining the Lead, Expanding Opportunities and it will be on August 2 and 3, 2011. The conference aims [...]
July 30, 2011
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Tags: BPO, business news, business process outsourcing, Call Center, CCAP, conference and expo, outsourcing, Philippines · Posted in: BPO, Business News, Call Centers, Career, communications, e-commerce, economy, Foreign exchange, innovation, International relations, marketing, Philippine business news, Philippines, Technology, Tourism
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
PAL posted $72.5 million profit for fiscal year ended March 2011
The Philippine Airlines (PAL) announced last Friday that it made a big turnaround from its marginal loss last year and posted a profit this year. Flag carrier PAL posted an income of $72.5 million for its fiscal year ending March 2011, overturning its $14.4 million loss the previous year. Its revenues soared to $1.67 million [...]
July 22, 2011
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Tags: business news, fiscal year, flag carrier, income, PAL, Philippine Airline, Philippines · Posted in: Business News, Corporations, economy, finance, investments, Philippine business news, Philippines, Transportation, Travel
Gardenia increased price of loaf bread by P1
Gardenia increased by P1 the price of its loaf bread on Monday. Gardenia Bakeries Philippines Inc. raised its price despite the directive of the Philippine Association of Supermarkets (PASI). PASI head Atty. Federico Ples said their members were advised not to increase bread prices without the approval of the Department of Trade and Industry (DTI). [...]
June 27, 2011
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Tags: basic commodities, business news, Consumers, DTI, economy, Philippines, price increase · Posted in: Announcement, Business News, Consumers, economy, Philippine business news, Philippines, Pricing, Products
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
