San Miguel to put the country’s first underwater hotel

Posted on August 6th, 2010 by Roy

The real estate subsidiary of conglomerate San Miguel Corp. (SM) is planning to launch soon, the country’s first “underwater hotel.” The said project is part of the four new developments of San Miguel Properties Inc. (SMP) which will start next year, as the company’s foray into the tourism segment begins.

Convergys, to hire 3,600 more employees this year

Posted on July 15th, 2010 by Roy

Convergys Corp., the largest private employer in the Philippines, is planning to hire additional 3,600 new employees as it expands its five existing sites in the country to bring their total number of workforce to 25,000 by the end of 2010. Marife Zamora, country manager of Convergys Philippines, said the expansion is meant to meet [...]

Second Philippine-Russia business forum to be held in Cebu

Posted on July 10th, 2010 by Roy

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 [...]

CEB offers Go Lite seats

Posted on June 21st, 2010 by Roy

A P499 seat sale, which it called the “Go Lite” is being offered by the Cebu Pacific (CEB) for select Luzon destination and another “Go Lite” package amounting to P999 is also up for Taipei seat sale. These seat sale promotions of CEB will run from June 22 to 24, 2010.

PSALM opens Naga power complex for bidding

Posted on June 7th, 2010 by Roy

The Naga power plant in complex Cebu. The Power Sector Assets and Liabilities Management Corp. (PSALM) opened the bidding process for the independent power producer administrator (IPPA) contract to manage the output of the said power facility.
The state-run agency said it already issued the invitation to bid (ITB) to parties who might be interested to [...]

Cebu Air’s planned IPO deferred anew

Posted on May 26th, 2010 by Roy

The Gokongwei-led Cebu Air Inc. recently announced its plan to hold an initial public offering (IPO) this year. However, as of date, the airline company is still undecided whether it will push through or not. Chances are it will be deferred.
JG Summit president Lance Gokongwei said that the IPO might need to wait further until [...]

Energizer plans to put up its own BPO facility

Posted on May 26th, 2010 by Roy

One of the leading manufacturer of batteries in the Philippines is considering of putting up its own business process outsourcing facility in the Philippines. The Energizer Philippines Inc., maker of the Eveready and Energizer batteries, plans to put up a call center facilities because according to company president and managing direct Esteban Vorbeck, support for [...]

Cebu Pacific breaks travel record, offers seat sale promo

Posted on May 9th, 2010 by Roy

Cebu Pacific was able to break passenger loads for April. The country’s low-fare airline flew 903,118 passengers for the previous month, which broke its own record of its best performing month, which was March 2010 with 857,041 passengers. To celebrate this, CEB announced a seat sale to select domestic and all international destinations from May [...]

Cebu Pacific to get 22 more new planes

Posted on April 20th, 2010 by Roy

The Cebu Pacific (CEB) Airline is investing on 22 new aircraft as part of the $1.4 billion expansion over a five-year period, in anticipation of a 50 percent increase in the number of passengers in 2013.CEB president Lance Gokongwei said the 22 brand-new Airbus 320 aircraft will be delivered from 2010 until 2014. These are [...]

Davao tops list of Next Wave Cities of BPO

Posted on April 15th, 2010 by Roy

Davao City is being considered to be the next big investment for the business process outsourcing (BPO) sector, as well the information and technology sector.
According to Oscar R. Sañez, CEO of the Business Processing Association of the Philippines (BPAP), Davao was ranked number 1 in their list of Top 10 Next Wave Cities 2010 because [...]

Shanghai Airlines flies directly to Cebu

Posted on April 8th, 2010 by Roy

Cebu City can expect additional boost in its tourism industry as the Shanghai Airlines launched its maiden direct chartered flights to Shanghai from Cebu starting Wednesday. It will be a twice-weekly shuttle that is expected to bring in an estimated 9,000 additional Chinese tourists to Central Philippines annually.
The charter group will also go out to [...]

Air Philippines relaunched as Aiphil Express

Posted on March 27th, 2010 by Roy

The Lucio Tan-led Air Philippines will now be known under its new brand name – Airphil Express, as it was re-launched last Saturday.
The new Airphil Express now boasts of the addition of two A320-200 aircraft in its fleet. The two A320s sports the new Airphil Express livery and configured mono-class with 177 seats will start [...]

PBB to expand its operations in Visayas and Mindanao

Posted on March 26th, 2010 by Roy

The bank owned by juice king Alfredo M. Yao is planning to open more branches in the Visayas and Mindanao. The Philippine Business Bank, Inc. (PBB), according to company chairman Yao, will adding up to 25 to its number of branches this year, mostly would be in the Visayas and Mindanao, citing the regions’ high [...]

Air Philippines, Cebu Pacific and Philippine Air Lines’ updates

Posted on March 21st, 2010 by Roy

Air Philippines, the airline company of tycoon Lucio C. Tan, is out to compete head-on with Cebu Pacific owned by the Gokongweis’, with their new routes and aircraft. Air Philippines said it wants to revive its market presence.
Recently, Air Philippines leased two Air Bus A320 airplanes from partner Philippine Airlines (PAL). It plans to buy [...]

Vista Land to launch more affordable housing projects this year

Posted on March 20th, 2010 by Roy

Vista Land & Lifescapes Inc. has 22 new affordable housing projects lined up this year. The housing projects are all under the Camella brand, and will add 17,500 new units all over the country. The company said this is all part of cementing further Camella Homes & Communities dominant position in the affordable housing segment [...]

Cebu Pacific IPO approved by SEC

Posted on March 19th, 2010 by Roy

The plan of the Cebu Pacific Air to conduct an initial public offering worth as much as P25.7 billion has been approved by the Securities and Exchange Commission. The planned offering consists of about 235.6 million shares with an indicative price of P95 per share for a total size of P22.38 million.
Should the demand for [...]

Affordable quality laptops from Suzuki

Posted on March 15th, 2010 by Roy

A new laptop line was launched formally in Cebu City by Suzuki Technology. The new laptops promise speed, price and performance to attract the fast growing entry-level market segment.
Not to be mistaken, and has no relation with the motor vehicle brand, the company said it have the international trademark for all IT products. The Singapore-based [...]

Cebu Pacific to conduct IPO

Posted on March 8th, 2010 by Roy

Cebu Pacific has announced last Monday of its plan to sell new shares to the public to raise funds of about P12 billion. The announcement was made by Cebu Air Inc., the company that operates the Cebu Pacific Airline.
The company said it planned to list 125.25 million new common shares through an initial public offering [...]

Clark airport expands Terminal 1

Posted on March 4th, 2010 by Roy

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 [...]

Local banks help raised P14B for Panay power plant

Posted on February 26th, 2010 by Roy

Local banks have agreed to help raise and lend the Panay Energy Development Corp. (PEDC) P14-billion for its construction of a 164-megawatt coal-fired power plant in La Paz, Iloilo City. The Panay Energy is owned by George Ty’s Metrobank group, and the loans were arranged by First Metro Investment Corp. (FMIC), the investment banking arm [...]