The North Belton Communities, a mixed-use township development in Quezon City owned by Lucio Tan’s group, was bought tycoon Henry Sy’s SM Prime Holding, Inc. A memorandum of agreement was recently signed between the Lucio Tan-led Eton Properties Philippines, Inc., Philippine National Bank (PNB) and SM Prime.
The signed MOA involves the sale of a portion [...]

The Ayala Land Corp. is earmarking P3 billion to funds its new development project in the Makati central business district (MCBD) North, The Lerato. The new project consists of three tower residential development and retail area.
Alveo Land President Dante M. Abando said during their pre-selling and launching that they have already sold 115 of the [...]

Labor Day, May 1 falls on a Saturday, following the holiday of economics being observed by the government, President Gloria Macapagal Arroyo has declared May 3, the nearest Monday to May 1, as a regular holiday throughout the country in observance of the Labor Day.
The declaration is being consistent with the provision under Republic Act [...]

The power of the internet is one medium that many entrepreneurs has not really explored yet. While many would readily acknowledge its potential, many are still afraid to try, for various reasons, one of them being the cost. But compared to traditional advertising, online advertising is relatively cheaper, produces better results even.
That is what I [...]

It may seem glamorous and easy, but I am sure being a fashion entrepreneur has its ups and down, just like any other enterprise. But I am sure people who are into this industry are definitely enjoying it, what with the opportunity to create a statement, doing something which is their passion… and that is [...]

A new $100 bill has been unveiled by the United States government, and this time, the new bill will give counterfeiters a hard time as it has a unique security feature not seen in any other US dollar bills. According to the US Embassy and the US Secret Service officials, the redesign of the $100 [...]

Philippine top company and business conglomerate San Miguel Corporation now plans to acquire a significant stake in Petron Corp. The announcement of interest in the oil refiner immediately sent Petron’s share to its highest since November 2007.
San Miguel has an option to acquire 40% of the Sea Refinery Corp., a firm which owns about 50.1% [...]

Of course, you know I’m taking slang here. I meant, getting the impression that you have “arrived” when you come in driving a Chevrolet. Many entrepreneurs would love to have this beauty, I am sure. A friend of mine who is a Georgia Chevy Dealer told me that never a day ends wherein they haven [...]

On April 28, the Power Sector Assets and Liabilities Management Corp. (PSALM) is expecting to receive bids from at least companies at the auction of the 246 megawatt (MW) Angat hydropower plant in Norzagaray, Bulacan on April 28. PSALM vice president for asset management and electricity confirmed that six groups are in the running.
During the [...]

A new and enhanced tax program is being prepared by the Bureau of Internal Revenue (BIR), but this the revenue agency is conducting talks with taipans and conglomerates for the said program. BIR Commissioner Joel Tan-Torres hopes that the agency would be able to collect more from the conglomerates through the enhanced tax measures.
Under the [...]

One of the pioneer computer schools in the Philippines, the Systems Technology Institute (STI) Inc. is planning have a public offering and tap the equities market after the May 10 elections. STI plans to raise capital for further expansion.
STI chairman Eusebio Tanco said that they would like STI to be listed after elections to expand [...]

The Cebu Pacific (CEB) Airline is investing on 22 new aircraft as part of the $1.4 billion expansion over a five-year period, in anticipation of a 50 percent increase in the number of passengers in 2013.CEB president Lance Gokongwei said the 22 brand-new Airbus 320 aircraft will be delivered from 2010 until 2014. These are [...]

The Philippine government received offers from five companies to import sugar at a state auction held recently to complete the below 45,100 tons volume it required. The offers submitted totaled to about 33,400 tons, however the government may only award up to 22,400 tons for sugar imports from the auction due to the restrictions related [...]

The business process outsourcing (BPO) firm Sitel Philippines Corp. will be opening its first call center facility in Poro Point where it plans to hire 500 workers. Company vice president for operations in the North Luzon Region Michael Oliver said it will be their eighth BPO center in the Philippines and it will be opened [...]

For entrepreneurs, often the biggest concern for them which stopped from starting a business is capital. But there are a lot of lending and financial companies who can give Personal Loans especially if you can present a feasibility project of planned business. Some even provide these loans collateral free, just look around your neighborhood or [...]

Davao City is being considered to be the next big investment for the business process outsourcing (BPO) sector, as well the information and technology sector.
According to Oscar R. Sañez, CEO of the Business Processing Association of the Philippines (BPAP), Davao was ranked number 1 in their list of Top 10 Next Wave Cities 2010 because [...]

As an entrepreneur, a car or any vehicle, more often than not, serves as one of the ingredients in presenting his image. His car also gives others an impression of his character as well as his business sense. But do you know that it can also serve to give the entrepreneur as sort of signature [...]

The San Miguel Corp. (SMC) formalizes its entry into the airport business with its acquisition of a majority stake in consortium operating the Caticlan Airport in Aklan province, which is the gateway to the popular Boracay Island. The diversifying conglomerate said in the acquisition was executed through its wholly owned subsidiary San Miguel Holdings Corp. [...]

A new company may be take over the operations of the Manila North Harbor this week as the Philippine Ports Authority (PPA) lifted the order for the suspension of the turnover of said port to Manila Harbor Port, Inc. (MNPHI).
MNPHI said it received the notice of turnover from the PPA dated April 8. It has [...]

In spite of the opposition of different sectors, the Bureau of Internal Revenue (BIR) is adamant in implementing the value added tax (VAT) on toll fees. The BIR is all set to impose VAT on toll by April 30, after deferring it for several times. “That is the plan. That is what we intend to [...]