Salmat, an Australia-based business process outsourcing firm has been in the country since 1996, but company general manager of strategy Philip Hadcroft said they were doing mostly transactional services that served on the Philippine market.
Now, the Salmat has decided to put up an 800-seat facility at McKinley Hill in Taguig City, their first major investment [...]

The Subic Bay Freeport is fast becoming the country’s center of meetings, incentives, conventions and exhibitions (MICE).  This was noted by Department of Tourism Secretary Ace Durano during the opening of the MICECON 2010 held recently.
“Subic opens up a new world for MICE since it offers a very wide array of both man-made and natural [...]

Now, overseas Filipino workers (OFWs) and even foreign investors outside the country can check a real estate property they are interested in, without necessarily being in the Philippines. That is because the Philippine Chamber of Real Estate and Builders Association (CREBA) have deployed in the Internet the Philippines’ first fully-automated Web GIS parcellary mapping service. [...]

The country’s largest operator of mall chains, SM Prime Holdings Inc., is yet on another expansion as it announced its plan to start the construction of its new shopping mall located within the 240-hectare South Road Properties (SRP) in Cebu 2010.
According to SM Prime chief financial officer Jeffrey Lim, the proposed shopping center will be [...]

There will not be any price increase on the cement, at least none until the end of March. This was the promise made by Holcim Philippines who said that they will not be increasing their price in Metro Manila in order to help those who were hit by the typhoons which devastated the country late [...]

The Senate Bill 3404 or the Philippine Immigration Act of 2010 has provision that raised concern to some business sectors. Section 30 of the said act grants Immigration Officers the power to assign personnel to do overtime work at rates fixed by him when the services rendered is to be paid for by the shipping [...]

In Bacolod City, another business process outsourcing firm will be setting up office by the middle of the year. Panasiatic Call Center Inc. brings to eight the number of call centers in the city who have provided more than 7,000 jobs.
Company chief operating officer Nabil Edmon Salamouni said they will be opening the call center [...]

A new business process outsourcing (BPO) firm has chosen the Philippines as the location of its latest service center. US-based Cybernet-Slash Support (CSS) recently opened its 1,000-seat facility in Taguig, its first Philippine site and currently has 400 employees. CSS said the new facility will be used for the company’s outbound sales, technology and other [...]

UST Global inaugurated recently its new offshore development center in McKinley Hills, Taguig City. The new center is part of the company’s aggressive expansion plans in Asia, and is targeting to haul in $32 million revenues in its first year and catering to 2,000 clients in North America and Europe.

Food and beverage conglomerate San Miguel Corp. (SMC) recently completed the $300-million sale of the international beer business to its flagship unit San Miguel Brewery (SMB) Inc.  Both San Miguel and SMB reported to the Philippines Stock Exchange, separately, the closing of the deal. It marked the completion of the spin-off of all the conglomerate’s [...]

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.