Archive for July, 2010

JPMorgan expands operations in the Philippines

Posted on July 31st, 2010 by Roy

JPMorgan Chase & Co. opened two new Global Service Centers (GSC) in the Philippines this year, as part of its expansion in the country. The two new GSC will provide support for the New York listed company’s business lines and customers around the world, bringing to four the company’s GSCs in the Philippines.
The latest GSC, [...]

Push, push and promote

Posted on July 31st, 2010 by Roy

We are on the second half of the year. Are you ready with your business promotional products? Before you know it, Christmas is already here. So better make sure that you have already ordered your giveaways for the holidays, if you have not ordered them yet. With your promotional products, you can get to reach [...]

Manufactured homes

Posted on July 31st, 2010 by Roy

The cost of having a house constructed these days are worth a fortune that it is almost impossible for an ordinary breadwinner to have one constructed. There are however available alternatives and solutions for him for such a problem. Manufactured homes are just one of them. I do not know whether these are already available [...]

Philippines is the third cheapest tourist destination in Southeast Asia

Posted on July 17th, 2010 by Roy

A recent survey conducted by one of the leading financial publications in Asia showed the Philippines as the third cheapest tourist destination in Southeast Asia. The survey was made by FinanceAsia, one of the leading business publications in the region, which utilized Mandarin Oriental’s rack rates as basis for the reader’s outlook.

Aquino appoints investment banker as finance undersecretary

Posted on July 17th, 2010 by Roy

Investment banker Philip Sevilla has been appointed by President Aquino as Finance undersecretary for Privatization and the Corporate Affairs Group, as confirmed by Finance Secretary Cesar Purisima recently. Sevilla will be taking over the portfolio which was previously handled by Crisanta Legaspi. He will be handling the difficult task of helping raise revenues for the [...]

Getting the next best thing

Posted on July 17th, 2010 by Roy

Sometimes when you cannot afford to buy the originals, you want to get at least the next best thing, which is the replica. Not the pirated mind you, replica. They look like the originals but carry their own brand name, just like the replica watches that I have seen at the replica-mania.com, where watches looks [...]

Petron spent P6 B in capex for first half of 2010

Posted on July 16th, 2010 by Roy

The country’s biggest oil refiner and retailer, recently disclosed that for the first half of 2010, it has already spent more than P6 billion for its capital expenditure projects and debt repayments. Petron Corp., in its disclosure to the Philippine Stock Exchange (PSE), said it used the proceed from its preferred share issuance early this [...]

Reverse and other mortgages

Posted on July 16th, 2010 by Roy

One of the options of senior citizens when it comes to financing or getting additional cash, whether for personal use or to invest in business is the reverse mortgage where they offer their equity in their house as collateral. And during the term of the loan, they have no cash outlay, meaning they do not [...]

Convergys, to hire 3,600 more employees this year

Posted on July 15th, 2010 by Roy

Convergys Corp., the largest private employer in the Philippines, is planning to hire additional 3,600 new employees as it expands its five existing sites in the country to bring their total number of workforce to 25,000 by the end of 2010. Marife Zamora, country manager of Convergys Philippines, said the expansion is meant to meet [...]

IFC to invest $300 million in RP’s power sector

Posted on July 10th, 2010 by Roy

The country’s power sector, including renewable energy projects, is likely to get a big boos from the World Bank (WB). WB’s private sector arm, the International Finance Corp. (IFC), is looking at pouring in more than $300 million in investment to the said industry in the Philippines.
IFC resident representatives to the Philippines, Jesse Ang, said [...]

Second Philippine-Russia business forum to be held in Cebu

Posted on July 10th, 2010 by Roy

The second Philippine-Russian business forum exhibition will be held on October 21 to 24, 2010 and will be hosted by Cebu City. The business forum, which aims to promote tourism, trade, investment and greater economic and socio-cultural exchanges between the Philippines and Russia, will take place at the Cebu International Convention Center (ICC) in Mandaue [...]

Online gaming firm prepares for IPO

Posted on July 2nd, 2010 by Roy

The IP E-Game Ventures, Inc., the online gaming unit of listed information technology firm IPVG Corp., is getting ready to go public after fulfilling the requirement of the Philippine Stock Exchange (PSE) to be listed by way of introduction last February of this year.

Nestle to open new plant in Tanauan

Posted on July 2nd, 2010 by Roy

Nestlé Philippines Inc., the Philippine unit of Swiss food and beverage giant Nestlé, is not going to pull out of the country and relocate in Indonesia as earlier reported. In fact, John Miller, chairman and chief executive officer (CEO) of Nestlé Philippines, said they are investing in a new facility south of Manila.

Promotional items for Christmas

Posted on July 1st, 2010 by Roy

As I have mentioned in a previous post, it is never too early to prepare for Christmas. This early, it is better to scout around for promotional products that you can used as giveaways for the coming holiday season. The advantage of getting your promotional items early, is that you have the luxury of time [...]