With P26.4 billion in cash as of September, with half of which is “readily deployable for investment,” according to the firm’s managing director John Eric Francia, the holding company of Ayala group is looking for more business acquisitions in different sectors where it can make an “impact.”
Francia said, “Investing in new businesses is definitely on [...]

“We will replicate what we have with the San Carlos Bioenergy Inc (SCBI) It’s much easier so we will incur lower costs. We have three identified areas but we don’t want to reveal.” These were the words of SCBI chair Jose Maria T. Zabaleta as he announced that Bronzeoak Philippines will be investing P1.5 billion [...]

The Securities and Exchange Commission (SEC) is imposing a basic fine on pre-need companies on the late submission of annual and interim financial statements to ensure compliance with its reportorial requirements.
According to SEC spokesperson Gerard Lukban, the fine also covers even the inactive pre-need companies. This involves a basic fine of P10,000 that will be [...]

The energy investment arm of food and beverage giant San Miguel Corp., the San Miguel Energy Corp. (SMEC), will be conducting an initial public offering (IPO) within the next three years. This has been confirmed by San Miguel president Ramon S. Ang who said that they will definitely keep a 51% interest in SMEC in [...]

Call Design, an Australian-based outsourcing firm is looking to make the Philippines its central hub in delivering contact services to its clients all over the world. Specializing in contact center technologies, Call Design announced it entered into a deal with local outsourcing firm Transcom, which currently employs 4,000 workers in Manila and Bacolod.

Investors always want to find the best way for their money to grow. Some may consider international investing and below are things that experts feel you need to know before starting on international investment.
First, international investing can boost your returns. America may have the world’s biggest stock market, but it does not always [...]

With the moving of about 40, 000 military personnel from the US together with their dependents, and other civilian workers to Guam over a five year period, more Filipino businessman are foreseeing the island as a potential investment area.
During the Guam Trade Mission conference, that attracted about 172 Filipino executive and businessmen, a Guam-Philippine Business [...]

The Sun Life Prosperity Dollar Abundance Fund (SLP DAF) has been re-launched by the Sun Life Asset Management Co., Inc. (SLAMC), from a dollar-denominated fixed income or bond fund to a balanced fund. This, while more and more domestic mutual funds has been focusing on the foreign-currency funds.
Ben Thomas P. Pañares, chief operating officer of [...]

Have you ever thought of on how will you invest your money if ever you will have half a million of pesos? There are several options on where to invest, there are bank deposits, mutual funds, government and corporate bonds, or you can even buy stocks. With this several options, the problem would be on [...]

In time of economic crisis like the recession that is happening worldwide, the industry of lending flourish. To deal with the crisis, people branches to sidelines, put up small business like sari- sari stores or work abroad. Some simply tighten their belt in order to fit into their budget. If there’s no more way, people [...]

The Commission on Election (COMELEC) has granted Smartmatic and its Philippine partner Total Information Management Inc. the winning vote in their bid to provide 80,000 vote counting machines at a cost of $152 million.
The automation of the country’s national elections next year will be a first for the Philippines, and COMELEC officials hope it can [...]

More companies are getting interested in the renewable energy industry. The latest to test the waters in this industry is the Conal Holdings Corp, a subsidiary of the Alcantara’s Group who’s planning to invest at least $35 million in mini hydro-electric projects in Siguil River, Saranggani province.
Luis R. Ymson Jr., CFO of Conal Holding’s parent [...]

The Land Bank of the Philippines (LandBank) initially intended to offer only P3 billion of unsecured subordinated notes in order to raise additional capital. But because of strong demand, the bank increased the deal size from the initial figure to the maximum amount allowed by the Bangko Sentral ng Pilipinas (BSP) to raise.

The Monetary Board of Bangko Sentral ng Pilipinas (BSP) has approved the $75 million loan by the Globe Telecom. The Ayala-owned company said the loan would be used to pave the way for the company’s network expansion program.
BSP said Globe would acquire three separate loans from Citibank and two European development financial institutions. According to [...]

SM Investments Corp. (SMIC) is currently having talks with some foreign companies to operate the planned gaming facilities within the Mall of Asia complex in Pasig City.
Reports said SMIC, Asia Pacific Gaming of Australia, and a US-based casino operator held exploratory talks for a possible partnership in the proposed gaming facility. Jose T. Sio, SMIC [...]

Peping and Joy de Villa were enjoying success in their high-end garments business until 1997, when imported garments from China, Bangkok and many other sources came to the country and sold in various ukay-ukays. They were forced to close shop in April 1997 because they find it hard to compete with these items, which were [...]

The Philippine Amusement and Gaming Corporation (PAGCOR) is undertaking a massive project which could the next biggest tourism development in Asia. Its investors reiterated, and assured, their commitment to this project which is the Bagong Nayong Pilipino – Entertainment City Manila, and promised to do their part to ensure the success of the project.
Representatives of [...]

There is an ongoing online public service campaign for all Filipino workers in the CNMI (Commonwealth of the Northern Mariana Islands) to renew their membership to the Overseas Workers Welfare Administration (OWWA). This campaign is initiated by Paul Madriaga, the internal vice president of the United Filipino Organizations in the CNMI.
The campaign was prompted by [...]

Can a regular wage earner afford to live in a condominium? With a new project that will be undertaken by Metro Manila-based developer Phinma Properties, this could be a possibility. That is because they are molding all their projects based on the capacity of an average wage earner.
They will be starting soon on a new [...]

More projects are being undertaken by private groups to further cultivate, develop, enhance and commercialize renewable energy. These projects once fully developed and in commercial use, will help the Philippines be free from its dependency on oil-producing countries.
The latest project that is being undertaken to handle renewable energy utilization is a joint venture between local [...]