Archive for the ‘Filipino Entrepreneur’ Category

BPI Family Bank to offer loans to microenterprises

Posted on March 6th, 2010 by Roy

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 [...]

Metrobank grants ATI $250M credit line

Posted on February 20th, 2010 by Roy

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 [...]

Online gaming company gets listed in the PSE

Posted on February 17th, 2010 by Roy

Philippine online gaming publisher IP E-Game Ventures Inc. (IP E-Games) was finally listed in the Philippine Stock Exchange (PSE). The company held its listing ceremony at the PSE last Wednesday. IP E-Games is the first online gaming company to be listed in the PSE.
A subsidiary of technology firm IPVG Corp., IP E-Games was able to [...]

New SM mall in Cebu to rise in 2012

Posted on February 6th, 2010 by Roy

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 [...]

The expansion of Bibingkinitan

Posted on February 1st, 2010 by Roy

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 [...]

PBSP inducts 17 new corporate members

Posted on January 30th, 2010 by Roy

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.

SM to build the biggest shopping mall in Visayas and Mindanao

Posted on January 16th, 2010 by Roy

SM Prime Holdings Inc. (SMPHI), member of the SM group companies, the largest mall chain in the country today, will soon be building the biggest shopping mall in the Visayas and Mindanao. In three years’ time, the P2-billion land deal between SMPHI and the city of Cebu is expected to be finished.

Locally developed online games pushed by game developers

Posted on December 31st, 2009 by Roy

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.

Creative process outsourcing pushed by local animators

Posted on December 30th, 2009 by Roy

Our local animators have already proven themselves in the international arena, and their works have sought by many big international animation film companies. Now, they are hoping that Filipino animators would gain an even bigger spot on the world animation map.
The Animation Council of the Philippines Inc. (ACPI) is advocating “creative process outsourcing” CPO and [...]

Filinvest increases stake in two property firms

Posted on December 29th, 2009 by Roy

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 [...]

BIR fielding out personnel to check on companies’ year-end inventories

Posted on December 27th, 2009 by Roy

The last week of the year will see the field personnel of the Bureau of Internal Revenue (BIR) going out and visiting businesses and their warehouses. The revenue agency will be deploying its personnel to check out and monitor taxpayers’ year-end inventory.
BIR Commissioner Joel Tan-Torres issued Revenue Memorandum Order No. 40-2009, which seeks to validate [...]

Schwarzenegger to lead business delegation who’ll visit the country next year

Posted on December 26th, 2009 by Roy

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.

Local IT companies acquire European IT company

Posted on December 23rd, 2009 by Roy

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 [...]

Ongpin group gets back in the mining business

Posted on December 12th, 2009 by Roy

The group of Roberto V. Ongpin will return to the mining and oil exploration business soon after it acquired Atok-Big Wedge Co., Inc. Earlier, the company of former trade minister Ongpin sold its mining firm Philex Mining Corp.
It its disclosure to the Philippine Stock Exchange, Atok Big Wedge said it had a management and board [...]

SSS, other GFIs extends loan to SMEs

Posted on December 10th, 2009 by Roy

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.

Bidding for three hydro-power facilities set by PSALM

Posted on December 1st, 2009 by Roy

The bidding for the last set of management contracts for National Power Corp. (Napocor) assets to be auctioned off this year has been set on December 15 by the Power Sector Assets and Liabilities Management Corp. (PSALM).

Trade fair to feature products from Cordillera Autonomous Region

Posted on November 27th, 2009 by Roy

To help entrepreneurs, especially those who were affected by the recent typhoons, the Department of Trade and Industry (DTI) said that they will be staging the trade fair called Impakabsat.
A yearly regional trade fair of the Cordillera Administrative Region (CAR), Impakabsat features products from Ifugao, Mountain Province, Abra, Kalinga, Apayao, Benguet and Baguio, where the [...]

Opportunities in macapuno production

Posted on November 27th, 2009 by Roy

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 [...]

iRemit acquired license to operate in Europe

Posted on November 25th, 2009 by Roy

I-Remit Inc. continues to expand its presence all over the world. This time, the Filipino-owned non-bank remittance company has acquired a license to do business in Europe. The company said it received a copy of a letter which came from Banca D’ Italia Eurosistema advising of the registration of iRemit Europe in the general list [...]

Sucess from a secret halo-halo recipe

Posted on November 14th, 2009 by Roy

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 [...]