A total 108 delegates from wholesale travel agents from all over the world are coming to the Philippines for the upcoming 10th Philippine Travel Exchange (Phitex 2010) to forge deals with the different sectors of the local tourism industry.
Tourism Secretary Alberto A. Lim said that the delegates who will be coming in are large representations [...]

The Philippine Development Foundation-USA (PDF), newly formed US-based Filipino development group is pushing for Philippine government to grant incentives for the creation of technology business incubators and business parks in order to nurture start-up investments in commercially-viable research and development fields in drug-making, food production and software.

The Department of Trade and Industry (DTI) announced that it will finally implement its plan that took four years in inception, of a paperless business registration system.  Program manager of DTI’s Philippine Business Registry (PBR), Whilner Morales, said the paperless business registration system would be implemented both in the local and national levels. “Anybody can [...]

Nido Petroleum Ltd. sold its first oil from the Tindalo oil field off Palawan. The Australian firm has sold to a buyer in South Korea some 230,000 barrels for crude oil cargo. Joanne Williams, Nido deputy managing director, said the sale was confirmed by the joint venture’s marketing agent, Trafigura Pte Ltd., with the lifting [...]

It’s called BOSS, short for business one-stop shop, an initiative by the Quezon City Government that aims to lessen the burden of businessmen when securing business permit. Launched last Friday, officer-in-charge for the Business Permit and Licensing Office Pacifico F. Maghacot, Jr. said they are expecting to have at least 12,000 new businesses within the [...]

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 [...]

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.

Figaro Coffee Co., a 100-percent Filipino-owned company established in 1993 whose product lines include specialty roasted local coffee varieties and various coffee-related paraphernalia. Currently, the largest Filipino-owned coffee company, with 65 coffee shop outlets nationwide, 35 of which are franchise-owned, and 30 are company-owned.
For 2010, the company plans to increase its 65 outlets by 18 [...]

Up to P10 billion worth of stocks in the Bank of the Philippine Islands (BPI) will be purchased by the Ayala Corp. Chief finance officer Delfin C. Gonzales Jr. of Ayala Corp., in a disclosure to Securities and Exchange Commission (SEC) said the board has approved the subscription “to our pro-rata share in the [...]

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 [...]

The sale of $500 million in retail treasury bonds (RTBs) has been launched by the government. This investment instruments are intended for overseas Filipino workers. They are the Fixed Rate Multicurrency Retail Bonds and they will be auctioned on April 20 and will be offered to investors on the same day until April 27, according [...]

Manuel V. Pangilinan is one of the most powerful and influential man in the Philippines. A respected business whose words were always revered upon by those who hear them.
But recent news has put this notable individual in hot water, which led to decide in quitting his academic post. Pangilinan was sorely embarrassed on his speech [...]

The plight of the coffee growers in the Philippines is the main focus of the continuing project of Nestle Philippines, Inc.  in support of the coffee industry in the country. The company is extending its assistance to coffee farmers, particularly in the provinces of Aurora, Bohol and Mindoro, with the cooperation of the Department of [...]

A new web portal that caters to business and customers alike has been set up by Creative OnlineMedia Inc. which is called the redpages.ph.
Dennis Ng, chief executive officer of Creative OnlineMedia, saw the opportunity in the services sector. The redpages.ph allows business to advertise and promote their products and services, while buyers can also access [...]

Davao was to have been experiencing power shortage, but this is expected to ease up once the establishment of a new hydropower plant will be finished. The hydropower plant project, which will utilize Tamugan River, will be undertaken by the Aboitiz-owned Hedcor Inc.
The company was able to forge a compromise agreement with the Davao City [...]

The Lucio Tan-led Air Philippines will now be known under its new brand name – Airphil Express, as it was re-launched last Saturday.
The new Airphil Express now boasts of the addition of two A320-200 aircraft in its fleet. The two A320s sports the new Airphil Express livery and configured mono-class with 177 seats will start [...]

In less than three years, TV5 would be doing international.
At least that’s the plan of Mediaquest Holdings Inc. for its newly-acquired television network – to launch it as an international business.
Mediaquest and TV5 president and chief executive Ray Espinosa said that the international business was part of the company’s plant to make the TV network [...]

If food and beverage giant San Miguel Corporation (SMC), would have its way, it will redevelop the Diosdado Macapagal International Airport (DMIA), as it being geared to become the country’s premier international gateway.
San Miguel, in its disclosure to the Philippine Stock Exchange (PSE), that it is evaluating the viability of investing in the redevelopment of [...]

The bank owned by juice king Alfredo M. Yao is planning to open more branches in the Visayas and Mindanao. The Philippine Business Bank, Inc. (PBB), according to company chairman Yao, will adding up to 25 to its number of branches this year, mostly would be in the Visayas and Mindanao, citing the regions’ high [...]