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
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
Jollibee to open 250 new stores this year
Philippines’ top fastfood chain, Jollibee Foods Corp, plans to open up 280 new stores before the end of 2011. Jollibee is looking to open 90 stores in China, 30 in other countries that it did not identify, and 160 new branches in the country.
June 23, 2011
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Tags: capex, China, economy, expansion, fast food, fastfood, franchise, Jollibee, Jollibee Foods Corporation, Philippines · Posted in: Business News, Corporations, economy, Employment, entrepreneur, finance, franchise, Job Opportunities, marketing, Philippine business news, Philippines, Products
Peso seen at P41.50:$1 this year
In spite of the continuous strengthening of the Philippine Peso, London-based Barclays Capital says it sees the the peso at P41.50 to $1 instead of P40 to $1 this year. This is because of the continued increase in global oil prices. According to the latest research note of Barclays Capital economist Prkriti Sofat, the investment [...]
March 13, 2011
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Tags: Barclays Capital, economy, finance, Foreign exchange, global, money, Philippine peso, US dollar · Posted in: banking, economy, entrepreneur, entrepreneurship, finance, Government, money, Philippine business news, Philippines
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
San Miguel acquires majority interest in MRT-7 project
The San Miguel Corp. (SMC) continues to diversify as it looks for investments in other industries, such as infrastructures and renewable energy, among others. The latest in its investment is the Metro Rail Transit Phase 7 (MRT-7), where SMC has acquired a majority stake. SMC signed a memorandum of understanding (MOU) with the controlling owner [...]
April 5, 2010
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Tags: business news, commuters, conglomerate, economy, metro rail transit, MRT 7, Philippines, San Miguel, SMC, transporation · Posted in: Announcement, Corporations, Customer Service, economy, entrepreneur, investments, Philippine business news, 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
Franchising seminar
Planning of getting a franchise for a business? Here’s an opportunity for you to learn the ropes on how to get a franchise here in the Philippines. There is a scheduled franchise seminar to be held tomorrow, March 7, 2010 at the Mang Inasal, Makati Ave. corner Jupiter Street in Makati. The seminar will start [...]
March 4, 2010
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Tags: AFFI, business news, business opportunity, economy, entrepreneur, entrepreneurship, FIP, franchise seminar, franchising, Philippines · Posted in: Announcement, business opportunity, economy, Education, entrepreneur, entrepreneurship, franchise, marketing, money, Opportunities, People, Philippine business news, Philippines, Products, promotions
No wage increase this year
Noting that the financial crisis is far from over, the National Wages and Productivity Commission (NWPC) said that there won’t be any salary increase this year. NWPC executive director Ciriaco Lagunzad said an increase in the daily minimum wage at this point might lead to displacement of workers and closure of commercial establishments, particularly the [...]
October 29, 2009
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Tags: benefits, DOLE, economy, employees, Labor, NWPC, Philippines, salary, wage board, wages · Posted in: Announcement, economy, finance, Government, Labor, Law, money, Philippines
Henry Sy is RP’s most richest – Forbes
The Forbes Asia magazine released their latest list of the Philippines’ 40 Richest, and it has mall magnate Henry Sy at the top stop, followed by business tycoon Lucio Tan at second spot and Ayala conglomerate’s chairman emeritus Jaime Zobel de Ayala at third. Sy’s networth has increased by $700 million from the last Forbes’ [...]
August 30, 2009
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Tags: 2009, economy, Forbes Magazine, Henry Sy, Jaime Zobel de Ayala, Lucio Tan, Manny Villar, Philippines Richest, Top 40 Richest, wealthiest · Posted in: Announcement, money, People, Philippine business news
