The thrift bank subsidiary of the Bank of the Philippine Islands, BPI Family Savings Bank, is going to roll out a credit facility that will cater to the micro and small enterprises. This plan of BPI Family to increase its loan exposure will be done through a customized business packaged which it will roll out [...]

Philip Morris International, Inc. (PMPI) joined forces with Philippine a cigarette company forming one big corporation that will control about 90 percent of the country’s lucrative cigarette market. The US-based tobacco giant formed a new company with local rival Fortune Tobacco Corp. (FTC), which is owned by Chinese-Filipino tycoon Lucio Tan.

The Metropolitan Bank and Trust Company (Metrobank) has awarded the Asian Terminals Inc. (ATI) credit line worth P250 million. The ATI said the proceeds of the funds would be used to fund its projects in the next five years.
ATI, in its disclosure to the Philippine Stock Exchange (PSE), said it signed an agreement with Metrobank [...]

Ayala Land Inc. is looking at developing 32 new projects this year that they have set a capital expenditure budget of P27.17 billion for the projects. These projects include new malls and residential and office towers.
According to company chief finance officer Jaime Ysmael, the funding for the projects would be a combination of internal cash [...]

Bibingkinitan! has embarked on an aggressive campaign to expand its number of outlets this year. The fast-rising Filipino food chain is aiming to open up about 100 new outlets all over the country, to bring its total number of stores to at least 250 by the end of 2010.
Richard V. Sanz, president and chief executive [...]

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.

The SM Group announced recently that they will be opening up to 20 new stores in Metro Manila and surrounding provinces this year for their food retail unit. The company said it will be investing P1 billion to P2 billion for these projects.

In Baguio City, enterprising housewives banded themselves together and formed a group which challenged the local government to send the city’s uncollected garbage to them. A challenge which have live up, up to this day.
These women from 10 barangay in the city have doing this for decades now – they have been converting trash into [...]

Online games always a ready audience in the Filipino market. There is a big market for Filipino online gamers, although most the games were created outside the country. A group of Filipinos with entrepreneurial mindset is eyeing to cash in on this online gaming craze capturing Filipinos from all walks of like.

Filinvest Land Inc. plans to increase its stake in two property firms. The property unit of business tycoon Andrew Gotianun, in its disclosure to the Philippine Stock Exchange, said that its board approved the purchase of the 40% stake of Africa-Israel Properties Philippines Inc.  in Cyberzone Properties Inc.  (CPI) and the 40% interest of Africa-Israel [...]

The Terminator will visit the Philippines next year, but he won’t be here to promote nor shoot any film. Instead, the California Governor will be leading a group of US business delegation who will visit the country in February as part of the government’s marketing efforts to expand the market of Philippine exports and industries.

The Philippine’s PhilWeb Corporation, together with the ISM Communications Corp., will be acquiring a controlling stake in Acentic, a European information technology company. The two companies, in their disclosure to the Philippine Stock Exchange (PSE), said that they made a deal with a private equity firm based in United Kingdom to acquire 65% stake in [...]

The RD Corporation, a Filipino owned company, is planning to expand its investment in the tuna cannery business and is earmarking about $15 million for its prospect. This was disclosed by RD Group chairman Rodrigo Rivera, who said that they will be starting the new cannery by the first quarter of 2010 and will be [...]

Last December 7, the yearend celebration in which Hyundai Asia Resources, Inc. (HARI) was a part of, was held at the A. Venue Hall in Makati City. It was an event where HARI capped 2009 with a bang at the 2nd annual Media Noche Choral Festival where three groups from their media partners vied for [...]

The pension fund provider for private companies’ employees, Social Security System, said it has extended so far a total of P1.2 billion in loans micro, small and medium enterprises. The agency provided the said grants under a credit implemented by government financial institutions.

Philippines beaches as an alternative to Hawaii.
This is what the Philippine government is pushing as it tries to promote to Taiwanese tourists Boracay, Palawan, Cebu and Davao, said the Manila Economic and Cultural Office (MECO).

The Liberal Party (LP), led by its presidential and vice-presidential bet, Senator Benigno “Noynoy” Aquino III and Senator Manuel Roxas III, together with their senatoriables, was the first to file their certificate of candidacy as a group.
The senatorial line up of the LP include Anakbayan Partylist Representative Risa Hontiveros-Baraquel, former National Economic Development Authority head [...]

There is a big demand for the macapuno or the “mutant nut” in the Philippines as well as in other countries. This offers a big opportunity for Filipino entrepreneurs as they can venture into the business of producing planting or the nut itself.
The Philippine Coconut Authority Albay Research Center scientists were able to develop the [...]

His halo-halo business literally brings him called “cold cash.”
Xavier Mercado, a 28-year old entrepreneur from Iloilo, built his restaurant on a secret Ilokano recipe for halo-halo. “I love halo-halo, I consider it as one of the best desserts ever,” Mercado said.
His love story with halo-halo, a favorite summer concoction of Filipinos, started when he was [...]

Internet giant Google has come to the aid of Philippine business as it offers business stimulus package to local businesses. Google, together with STI Colleges has offered to build free websites for 200 micro, small and medium-sized enterprises (MSMEs). Aside from that, they will also be given P2,000 worth of free credits on Google AdWords.