The San Miguel Corp. (SMC), the country with most diversified conglomerate, has been extended a P2 billion loan by the state-owned Land Bank of the Philippines (Landbank). The loan would be used by SMC to finance its expansion program.

For the last 15 months, the peso was pegged at its strongest level after the closing at 46 to $1 on Friday. This was mainly attributed to steady growth of overseas Filipino workers (OFWs) remittances and stable consumer prices.

Just this week, the Bangko Sentral ng Pilipinas gave the nod of approval to Globe Telecommunications and Ayala Group to venture into the mobile banking business using the license of Pilipinas Savings Bank.
In recent news, Smart Communications is also planning to venture into microfinance, according to Napoleon Nazareno, Smart president. “We are also looking into [...]

The Philippine Chamber of Commerce and Industry reported that business have lost up to P1 billion due to the devastation brought about by tropical storm Ondoy last month. But PCCI president Edgardo Lacson said that while this is the case, local enterprises are now starting to recover.
Lacson added that although there is an existing price [...]

The Philippine Center for Print Excellence Inc. (PCPE), together with the Philippine Printing Technical Foundation Inc. (PPTF) and Global-Link MP Events Int’l Inc. will be holding the for the 6th year a print and label expo.
It will be the Print & Label Philippines 2009, the 6th International Printing & Label Machinery, Paper & Paper Products, [...]

The Bank of the Philippine Islands (BPI) has teamed with the stiffest competitor of its affiliate mobile company Globe Telecoms. BPI and Smart Communications has entered into a partnership that would provide a new mobile banking platform that will offer a full range of services to the two companies’ common clients.

STI Investments Inc. is planning to increase its capital as it prepares to acquire the pre-need and healthcare units of Philippine American Life and General Insurance Co. (Philamlife) that is why if filed for a hike in its capital stock.

Last week, the Union Bank of the Philippines (Unionbank) also went into capital-raising effort as it started offering unsecure subordinated notes to investors to beef up its capital by P5 billion, in order to lift is capital adequacy ratio (CAR) to a more comfortable level that would allow it to absorb more risk through aggressive [...]

Coffee farming industry in the Philippines is getting a big boost as Figaro Coffee Systems Inc., a Filipino-owned coffee chain, is encouraging the revival of coffee farming in the country’s mountain areas. Figaro Coffee said that more players in the coffee industry are now sourcing their coffee bean supply requirement from local coffee growers, many [...]

The Bangko Sentral ng Pilipinas (BSP) reported that many private companies in the Philippines were able to pay their foreign loans ahead of maturity, and this was because of the continued strengthening of the peso.

The Philippines’ Supreme Court (SC) reversed its earlier decision and said that health care agreements of health maintenance organizations (HMOs) are exempt from documentary stamp taxes (DST).
HMOs are the companies that provide various forms of medical insurance. Their health care agreements cover prepaid medical services, including medical check-ups. What they are not are contracts are [...]

President Gloria Macapagal-Arroyo’s visit to Saudi Arabia continues to reap positive results. The latest of which is expression of interest of the members of the Jeddah Chamber of Commerce and Industry (JCCI) to invest in the Philippines, more particularly in rice and coffee production and in banana trading.
The delegation of JCCI members, led by its [...]

To boost investment in the country, the Bureau of Immigration (BI) offered special visa for employment generation (SVEG) to foreign investors and expatriates. Immigration Commissioner Marcelino Libanan announced that there were a total of 140 companies based in Philippines which have applied for the SVEG.

The government-controlled home development mutual fund Pag-IBIG Fund will also be coming out with its own bond offering within the next two months. The Pag-IBIG board has approved a P12-billion bond offering and it is now with the Department of Finance.
The Development Bank of the Philippines (DBP) and First Metro Investment Corp. (FMIC) has been [...]

The German business software company SAP recently held in the Philippines one of its 27 stops of the 70-leg tour in the Asia-Pacific region and in Japan. The SAP World Tour, in its stop in the country, was able to gather over 300 customers, partners and prospective clients.

Entrepreneurs acknowledge the importance of advertisements. But some of the common problems they encounter are the ways to advertise with a minimal budget and the location where these advertisements should be placed yet still attain a great response.
Low cost advertising can be achieved by following these guidelines:
Identification of the best advertising tool- There are businesses [...]

Every business needs a plan on how maximize profit. This is only possible if you know where your business can collect money from. Profit is relative to amount of investment in a business so it is not the most important measure of financial performance of a business like what most business owner thinks.
For example, a [...]

Usually, businesses have receivable or those what the customers owe to you. Difficulty collecting payments from these receivables can affect your outstanding accounts as it will bleed out your cash flows. Late payers of receivables are in fact lending your money while being free from interest rates.
Unknowingly, the failed payment of receivables gain the business [...]

The Kraft logo that we have grown accustomed to – the word Kraft on a red oval racetrack, will soon be nothing but a part of our memory, because it will be retired in favor of a new logo to create a better brand identity. This is part of the company’s bid to increase consumption [...]

Sometimes, because of the drive of the businesses to increase their revenues, certain important areas are taken for granted. The most affected area is the society, the business’ consumers per se.
It is said that businesses have social responsibilities, just like the responsibilities of civil societies, non-governmental organizations, the government, and any other entities affecting the [...]