Archive for February, 2011

Why time deposit is still a viable investment option

Posted on February 27th, 2011 by Roy

Jesus Vicente-Garcia, executive vice-president and branch banking head of Philippine Veterans Bank, believes that time deposit remains to be one of the simplest, safest and most rewarding investments . Despite the many investment options available in banks, Garcia explained that a time deposit is a sound option to grow one’s investment because it enjoys higher [...]

Desktop printing business

Posted on February 27th, 2011 by Roy

There was a time when desktop printing business was a very profitable option. Invitations were printed almost everyday. It is still a good business now, actually. Especially with the availability of the continuous ink system or CIS which makes the cost of printing much cheaper.
You can accept printing of wedding invitations, programs, and flyers if [...]

Socializing in Illinois

Posted on February 27th, 2011 by Roy

An entrepreneur friend got an invitation for a business conference from his partner in Northbrook, Illinois. He was hesitant at first because he do not know much about the place, but his partner assured him that he will be providing him Limo Service in Northbrook IL so he does not have to worry a thing [...]

NBI proposed registration of laptops and other devices

Posted on February 27th, 2011 by Roy

The National Bureau of Investigation (NBI) is lobbying for a legislation that they believe would help minimize, if not totally eradicate, cybercrime. The NBI is proposing a law that would regulate laptops, SIM cards, and other devices which are used to connect to the Internet.  According to NBI Anti-fraud and Computer Crimes Division chief Palmer [...]

Philippine’s Julaton retains WBO title.txt

Posted on February 26th, 2011 by Roy

Only a week after Filipino boxing champ Nonito Donaire Jr. won over opponent, Mexican Fernando Montiel, to claim the World Boxing Organization and (WBO) and World Boxing Council (WBC) bantamweights crown, another Filipino brought the Philippines to the boxing limelight.
Ana “The Hurricane” Julaton defeated Franches Alcanter, from Kansas City, to retain her WBO super-bantamweight title [...]

Sta. Ana racetrack to get a make-over

Posted on February 25th, 2011 by Roy

The Sta. Ana Racetrack in Barangay Carmona, Makati is about to get a facelift, as its operator Philippine Racing Club, Inc. (PRCI) and property giant Ayala Land Inc. (ALI) recently signed a joint-venture agreement that would the 21-hectare racetrack into a mixed-use complex. The deal was stated by both companies in their separate disclosure to [...]

World Bank acknowledges Philippine’s growth potential

Posted on February 25th, 2011 by Roy

Based on World Bank’s (WB) assessment, the Philippines have the potential of generating more investment this year, as well as next year. The World Bank cited recent reports about improving business sentiments that could fuel economic growth faster than its previous estimates. It has set its growth forecast for the Philippines at 5 percent this [...]

Ayala Land mulls sale of Homestarter bonds this year

Posted on February 25th, 2011 by Roy

Ayala Land Inc.  (ALI) is planning to offer P2.02 billion worth of investment bonds, which the company called “Homestarter,” this May. The property giant would like to offer the bonds to retail investors who would like to put up seed money to buy residential units. This will be the fourth time that ALI will be [...]

More employment opportunities in Clark this year

Posted on February 23rd, 2011 by Roy

The Clark Development Corporation (CDC) said that it expects the employment at the Clark Freeport Zone to surge this year as operations of new investments starts. The CDC said as early as the end of January 2011, the number of workers in Clark had already grown by an annual 4.7% already.  The Freeport Zone administrator [...]

Aquino leaves decision on Marcos’ burial to Binay

Posted on February 22nd, 2011 by Roy

The Libingan ng mga Bayani is a cemetery reserved for military personnel who died in line of duty or were honorably discharged, Filipino veterans, former presidents, government dignitaries, statesmen and national artists. Likewise, widows of former presidents, secretaries of national defense and chief of staff can also be buried in the same plot where their [...]

Learning foreign exchange trading

Posted on February 22nd, 2011 by Roy

Entrepreneurs who know the in and out of the lucrative foreign exchange business are making a killing. If you have the money and time to invest, you might want to consider investing in foreign exchange too. Just in case you do not know anything about the business, there are many online sources that can teach [...]

Ayala Land won right to redevelop UP property

Posted on February 14th, 2011 by Roy

The 7.4-hectare site of the UP Integrated School in Diliman, Quezon City will be redeveloped into a P3 billion mixed-use complex by the Ayala Land Inc. (ALI). The University of the Philippines had awarded to ALI, after winning in a public bidding, a 25-year lease, renewable for another 25 years.
ALI will construct in the said [...]

BSP issued circular increasing bank’s SBL

Posted on February 12th, 2011 by Roy

A new circular containing the guidelines on the additional single borrower’s limit (SBL) for exposures of banks to proponents of major infrastructure or development projects, oil companies and trust corporations. According to BSP Governor Amando M. Tetangco, Jr., the new guidelines amended the regulation on SBL under the provision of the Manual of Regulation for [...]

PCSO forfeits unclaimed Lotto prizes

Posted on February 12th, 2011 by Roy

Because they remained unclaimed after the one-year claiming period, the Philippine Charity Sweepstakes Office (PCSO) has forfeited a total of P605,273,958.20 prizes from all online lotto games in Luzon, Visayas and Mindanao draws. These forfeited prizes, according to the PCSO, were mostly minor prizes of the EZ 2, the 3-digit game, 4-digit game, 6-digit game, [...]

Shell keen on staying in Pandacan depot

Posted on February 9th, 2011 by Roy

“Our intention is to stay in Pandacan and to continue to reduce the footprint of the depot as economic progress spreads out of Metro Manila.” These were the words of Edgar Chua, country chairman for Shell Companies in the Philippines.   Pilipinas Shell Petroleum Corp. is not about to transfer its oil depot in Pandacan, Manila [...]

Investing in real estate in foreign countries

Posted on February 9th, 2011 by Roy

Not everybody would have the opportunity nor the resources to invest in real estate in foreign countries. But a friend of mine, an astute entrepreneur, said he is planning in buying homes in chino hills. Yes, there’s an “s” in that homes. At first, I just said okay, because I really did not understand what [...]