At the Diosdado Macapagal International Airport (DMIA), the construction of the P308-million expansion of the existing terminal is in full blast and it is expected to be operation next month. According to Victor Jose Luciano, president and chief executive officer of Clark International Airport Corp. (CIAC), the newly expanded Terminal 1 will feature two passenger [...]

Salmat, an Australia-based business process outsourcing firm has been in the country since 1996, but company general manager of strategy Philip Hadcroft said they were doing mostly transactional services that served on the Philippine market.
Now, the Salmat has decided to put up an 800-seat facility at McKinley Hill in Taguig City, their first major investment [...]

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 [...]

UST Global inaugurated recently its new offshore development center in McKinley Hills, Taguig City. The new center is part of the company’s aggressive expansion plans in Asia, and is targeting to haul in $32 million revenues in its first year and catering to 2,000 clients in North America and Europe.

Food and beverage conglomerate San Miguel Corp. (SMC) recently completed the $300-million sale of the international beer business to its flagship unit San Miguel Brewery (SMB) Inc.  Both San Miguel and SMB reported to the Philippines Stock Exchange, separately, the closing of the deal. It marked the completion of the spin-off of all the conglomerate’s [...]

An increase of P1 per liter on its pump prices has been implemented by Flying V, as an effect of the increase in the world oil prices. The company based its decision on the price of Dubai crude, which is the benchmark of oil refiners.
The said commodity has gone up to $80 per barrel as [...]

A Singaporean firm is planning to invest $7.5 million in a local gaming company. Straitwey, a Singapore-registered company who is a wholly owned subsidiary of the Japan Gaming Development Organization (JGDO) and is the investment entity used by JGDO to invest into projects within the gaming industry, is investing the $7.6 million in the primary [...]

The Kepco SPC Power Corp. (KSPC), a joint venture between Korea Electric Power Corp. and SPC Power Corp, acquired a loan from the Asian Development Bank (ADB) for the construction of a major power plant in the Visayas.
The ADB has approved the grant of $120-million 12-year term loan for the construction of a 200-megawatt (MW) [...]

MoneyGram International and Smart Communications, Inc. tied up to provide families of overseas Filipino workers (OFWs) the convenience of wireless “wallet” service. OFWs may now send their remittances to their families in the Philippines faster through the facility which is likened to a “cross border wallet service.”

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 [...]

The joint venture partnership between San Miguel Corp. (SMC) and Kirin Holdings Company, Ltd., the San Miguel Brewery Inc., will acquire the international beer business from SMC.
In its disclosure to the Philippine Stock Exchange, SMB and SMBI has signed a share purchase agreement to acquire San Miguel Brewing International Ltd. (SMBIL), San Miguel’s international beer [...]

The Diosdado Macapagal International Airport (DMIA) is being pushed to get the accreditation of the International Organization for Standardization (ISO-9001-2008). DMIA’s operating arm, the Clark International Airport Corporation (CIAC) has started the said campaign to keep in tune with the worldwide industrial and commercial standards.
Getting the certification for ISO-9001-2008 will pave the way for meeting [...]

JP Morgan Chase & Co. (JPMC), an America-based outsourcing firm will opening a call center facility in Asiatown IT Park in Cebu. The company will be putting up a 420-seat center which was said to provide employment to at least 2,520 people in a two-shift cycle.
A five-year lease contract has been recently signed by the [...]

Asia’s leading developer and manager of business space, Ascendas Pte Ltd. (Ascendas), recently opened the ACCRALAW Tower located within the E-square in Bonifacio Global City. Present as guest of honor in its opening ceremony was Singapore Foreign Minister George Yeo.

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 [...]

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 [...]

More new employment opportunities are coming up in the Philippines as Toshiba announced that it will be hiring “several thousand” new employees early next year.  The new employees  are for their two factories in Laguna.
This was announced by company chief representative for Asia Pacific Hiroyuki Ishida during the Toshiba’s product launch at the Peninsula Manila.

The major oil companies, as well as the small players, have already started raising the prices of fuel. This move seems to be legal as far as the oil firms is concerned since President Gloria  Macapagal Arroyo have already lifted Executive Order 839 before she left for Singapore to attend the Asia-Pacific Economic Cooperation (APEC) [...]

The Canadian government has allotted $18 million in development assistance to help foster job creation in poor municipalities in the Philippines.
This was announced by Canadian Minister of International Trade and Minister for the Asia-Pacific Gateway Stockwell Day. “We are concluding or announcing the $18 million Canadian International Development Agency (CIDA) assistance to work with a [...]