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 [...]

Quezon City council formalizes online business registry with a city ordinance last week. The ordinance also allows the public to research valuable business information in the city. Both domestic and international traders would benefit from it because they can identify their prospective markets in Quezon City with just a click on their mouse.

From the usual two days processing time, the amount of time spent in registering a business name has been cut to only 15 minutes because of the enhanced Electronic Business Name Registration System (eBNRS).
Trade Secretary Gregorio Domingo said, “The entire transaction will only take around 15 minutes. The actual processing takes only three minutes and [...]

A Qatar-based telecommunications company is looking to increase further its investment on Philippine soil. Qatar Telecom QSC (QTel), has a minimal investment in a local listed firm, Liberty Telecommunications Holdings, Inc. The company, through its chairman Abdul Bin Saud Al-Thani, said that prospects in the Philippine telecommunications were so good that they feel that new [...]

When you are a businessman you always want your children to follow your footsteps. You always want them to inherit your family business but in some families the children is forced to inherit it even if they don’t like to enter the business industry. There is also some cases that the child thought [...]

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 [...]