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
Centura Tuna invests in real estate
Century Canning Corp. ventured into real estate when it bought a third of property developer Arthaland Corp.’s total equity in time for the latter’s inaugural project – a P4.5 billion, two-tower high-rise residential development in Fort Bonifacio Global City, via its subsidiary CPG Holdings Inc. The company, which is owned by the Po family, has [...]
April 29, 2011
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Tags: business news, buy-in deal, Century Tuna, diversify, Housing, investments, Philippines, property development, real estate, stocks · Posted in: Consumers, Corporations, economy, finance, Housing, investments, marketing, money, Opportunities, Philippine business news, Philippines, real estate
Figaro to open more stores in 2010
The country’s largest Filipino-owned coffee company plans to expand operations this year by opening up one or two outlets each month, or a total of 18 stores before the year ends. Figaro Coffee Co. sets aside a total of P78 million to fund the increase of its 65 coffee shops in the Philippines. Marketing manager [...]
June 26, 2010
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Tags: Business, coffee, coffee shops, entrepreneur, expansion, Figaro, Filipino-owned, investments, Philippines · Posted in: Announcement, Corporations, economy, Employment, entrepreneur, investments, marketing, Philippine business news, Philippines, Products
Sale of OFW retail treasury bonds completed
The auction of the retail treasury bonds of the Philippine government has been completed and according to National Treasurer Roberto Tan, $500 million have been raise from the sale of the retail, multi-currency bond. Tan was happy to report that they completed the total tender of $5000 million, based on the preliminary information he had [...]
April 27, 2010
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Tags: finance, investment instruments, investments, money, OFWs, retail treasury bond, RTB · Posted in: entrepreneurship, finance, Foreign exchange, investments, money, OFWs, Philippine business news
Republic Act 9505 or the PERA Act of 2008
A new law that hopes to encourage Filipinos to invest more of their savings in high yield products has been signed recently. The PERA Law or Personal Equity and Retirement Account will be implemented by the Bangko Sentral ng Pilipinas (BSP) next year. BSP Governor Amando M. Tetangco Jr., one of the signatories of the [...]
October 22, 2009
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Tags: Banks, Business, Filipino, finance, investments, money, OFWs, PERA Law of 2008, Philippines, RA 9505, Republic Act 9505, shares of stocks · Posted in: Announcement, banking, finance, Government, investments, money, Philippine business news, Philippines
An IPO from San Miguel in the next three years
Here’s a good investment opportunity for those who want to try the stock market. The San Miguel Energy Corp. (SMEC), the energy investment arm of food and beverage giant of San Miguel Corp. will be conducting an initial public offering (IPO) within the next three years. The IPO plan of San Miguel, according to SMC [...]
September 3, 2009
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Tags: finance, initial public offering, investment, investments, IPO, money, news, Philippines, PSALM, San Miguel, SMEC, stocks, trading · Posted in: Announcement, finance, investments, IPO, money, Philippine business news, Philippines, Stock Market
SkyCable targets larger broadband market
Aside from being one of the top television media outfits, the Lopez-controlled ABS-CBN Broadcasting Corp. is also targeting the broadband industry, as SkyCable aims to expand its broadband service in Metro Manila. ABS-CBN chief financial officer Rolando Valdueza said they would need additional P600 million this year to expand its broadband presence in Metro Manila. [...]
August 13, 2009
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Tags: ABS-CBN, broadband, internet, investments, Sky Broadband, SkyCable · Posted in: Philippine business news
San Miguel Corp. investing in an expressway project
The San Miguel Corp., the country’s biggest food and beverage conglomerate is looking to diversify as it looks into taking part in a road construction project. SMC has signed a non-binding deal with PIDC (Private Infrastructure Development Corp.) to acquire a significant stake in the P15.36-billion Tarlac-Pangasinan-La Union Toll Expressway project. San Miguel president Ramon [...]
July 20, 2009
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Tags: DPWH, infrastructure, investments, North Luzon, PIDC, road construction, San Miguel, SMC · Posted in: Uncategorized
