Many fears the disadvantages that it could bring, such as affecting the trade of vegetable dealers in the town and that it will worsen Benguet’s traffic problem. But Mayor Artemio Galwan is adamant on the plan of building a P268-million commercial complex in the public market area.
“The trend is now to erect malls, it’s a [...]

To allow our farmers more access to bank credit, to further address their financing needs, the Bangko Sentral ng Pilipinas (BSP) has further eased its documentary requirements and its application procedures. This would allow banks to provide micro-agri loans to farmers.
The micro-agri loans which amount to less P150,000 would be exempted from the requirement of [...]

The Philippine Business for Business for Social Progress (PBSP) recently celebrated its 39th anniversary celebrations, and in line with its anniversary, the organization welcomed into its roster of members 17 new members, which bring its total tally of corporate partners to 255.
The PBSP is one of the country’s largest umbrella organizations for corporate charity work.

Philippine billiard icon Efren “Bata” Reyes is once again at the top of the world as he emerged as the winner of the Fat Boy 10-Ball Challenge held at the Horseshoe Casino and Hotel in Indiana, USA. Bata defeated hometown hero Brandon Shuff into a virtual workout as finished with 15-8.
Bata was in full control [...]

The Globe Telecom’s mobile commerce subsidiary G-Xchange (GXI) request of using its parent’s sub-distribution as GCash outlets has been approved by the Bangko Sentral ng Pilipinas (BSP), which brings the number of GCash remittance outlets to over 18,000 making it the largest remittance network in the Philippines.

Convergys Corp., one of the leading business process outsourcing (BPO) company in the Philippines is gearing up for expansion this year, one of the main reason is that more clients are requesting that their accounts be handled by Philippines sites.
The company is looking to hire about 6,000 more employees this year , nationwide, in order [...]

The dancing inmates from Cebu are once are at the forefront of the world’s attention. As their latest video featuring the song “They Don’t Care About Us” by Michael Jackson. The dancing inmates became an instant YouTube sensation two years ago when they performed their signature song “Thriller” which became a viral hit on the [...]

The Government Service Insurance System (GSIS) has entered into a conditional sale agreement with the Hong Kong-based First Pacific Company (FPC), which is represented by its local affiliate Two Rivers Pacific Holdings Corporation. The deal will see First Pacific buying approximately 5.9 percent interests of GSIS in Philex Mining Corporation for P6.02 billion.

On February 8 and 9, the biggest BPO event will be held at the SMX Convention Center in Pasay City. The 10th e-Services Global Sourcing Conference and Exhibition, which the largest ICT/BPO event in the country, is expected to bring in 120 exhibitors and 1,440 trade buyers.
This year’s event will be aiming to surpass the [...]

This early, the Philippine Veterans Bank (PVB) has already opened 10 new branches to beef up its network to 60 branches all over the country. The 10 new branches were actually opened simultaneously last January 18.

The SM Group announced recently that they will be opening up to 20 new stores in Metro Manila and surrounding provinces this year for their food retail unit. The company said it will be investing P1 billion to P2 billion for these projects.

The Philippine National Bank (PNB) and Allied Banking Corporation, both controlled by tycoon Lucio Tan, will continue with its scheduled merger which will happen in the second half of 2010, said PNB president Omar Byron Mier.
The merging of the two banks will create the fourth largest privately owned bank in the Philippines, behind the three [...]

The Philippines will once again be host to an international event that will see delegates from different countries coming here next month. The event is called the Philippine MICE Conference (MICE stands for meetings, incentives, conventions and exhibitions) and it will be attended to by different tourism leaders worldwide.  It will be held at the [...]

Minority Leader Aquilino Q. Pimentel, Jr. filed Senate Bill 3966 which is aimed in amending the Insurance Code in the Philippines. Pimentel believe that insurance firms should be compulsorily required to indemnify owner of motor vehicles that have been damaged or destroyed by floods, landslides, earthquakes, and other natural disasters.

A new identification system which is said to help facilitate people’s transactions with government agencies is being planned as the Social Security System (SSS) and the Philippine Postal Corp. (Philpost), tied up together for the implementation of the said ID system.

A posthumous presidential citation was given by President Gloria Macapagal-Arroyo to the late Press Secretary Cerge Remonde for the latter’s exemplary public service as government official and noted journalist.
Remonde, who was 51 years old, died of heart attack on Tuesday morning in his house in Makati City. He was found unconscious by aides at home [...]

Every entrepreneur, especially the start-ups, at one time or another would looking for additional capitalization. One that they can easily when an opportunity arises. If you have filled up business credit card applications and got yourself approved, you got some valuable financing tool at your end which you can use for those emergencies.

The Philippine flag-carrier, the Philippine Airlines (PAL) will be resuming its service to Riyadh, Saudi Arabia on March 28, 2010, after four years its absence in the said city. The PAL decided to bring back its flight to Riyadh in response to the clamor of more than two million Filipino Overseas Worker (OFW) communities in [...]

Because of the increasing volume of transactions in the Philippines, many banks in the Philippines are planning to offer products and services denominated in Chinese yuan or renminbi to their clients in the near future. According to Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr., these banks are looking to offer renminbi-denominated products and [...]

In the year 2010, the business process outsourcing (BPO) sector, is seen to continue growing as it marks its 10th year in the Philippines. For this year, BPO is expected to earn at least $11 billion and continue employing over one million people in the country. But while the sector is optimistic, it also needs [...]