On March 25 and 26, 2010, the first Renewable Energy Summit will be held at the Sofitel Philippine Plaza. The summit was organized and will be hosted by the First Metro Investment Corporation, in partnership with the World Bank and Asian Development Bank.
The summit will be an annual event and the organizers aim to attract [...]

The University of the Philippines (UP) recognized the works of its 27 artists and art scholars who brought honors to the UP and have contributed to the national development. They were elevated to the rank of UP Artist last month in an awarding ceremony held at the Executive House in UP Diliman.
The university established UP [...]

The property development of the Ayala group will be building a new call center area in the south. The Ayala Land Inc. (ALI) is planning to transform a 2-hectare property in Iloilo City into a business process outsourcing (BPO) hub. The project would consist of 3 BPO facilities with a total of 19,000 square meters [...]

During the Marcos-era, the Home Development Mutual Fund (HDMF), also known Pag-IBIG Fund run a house-and-lot raffle program called the Biglang Bonds. Now, the state-administered funds manager is planning to revive the said scheme after launching its planned P12-billion bond offering last week.
HDMF chief executive officer Jaime Fabiaña said that under the plan, the agency [...]

The Laguna Lake Development Authority (LLDA) was awarded Asiawide Refreshments Corp. (ARC), the licensed manufacturer and distributor of RC, the blue rating award. The recognition given to the company for its successful compliance with the environmental standards set by the LLDA.
The blue rating award is a system used by LLDA to monitor the environmental performance [...]

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 [...]

The Home Development Mutual Fund (HDMF), more popularly recognized as he Pag-IBIG Fund launched a bond offering which will be auctioned to the public on March 9. The state-administered fund manager will be offering P12 billion bonds starting next month.
Jaime Fabiaña, chief executive officer of HDMF said that the proceeds of the funds would be [...]

Ayala Land Inc. (ALI) continues its expansion plan for the year especially in Mindanao. The property giant is constructing an integrated mixed-use complex in Cagayan de Oro, which is estimated to cost at least P2.5 billion.
ALI senior vice president and chief finance officer Jaime E. Ysmael, in a disclosure to the Philippine Stock Exchange (PSE), [...]

Ayala Land Inc. is looking at developing 32 new projects this year that they have set a capital expenditure budget of P27.17 billion for the projects. These projects include new malls and residential and office towers.
According to company chief finance officer Jaime Ysmael, the funding for the projects would be a combination of internal cash [...]

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.

In the year 2010, the business process outsourcing (BPO) sector, is seen to continue growing as it marks its 10th year in the Philippines. For this year, BPO is expected to earn at least $11 billion and continue employing over one million people in the country. But while the sector is optimistic, it also needs [...]

A local firm engaged in the production of renewable energy is planning to put up a biomass plant in Quezon. A 10 megawatt (MW) biomass plant in Quezon is one of the upcoming projects of Ecoenerhiya. Company director for business development, Antonio Lopez, was quoted as saying that the project would cost about $36 million [...]

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 [...]

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.

The Abacus Consolidated Resources & Holdings Inc. (ACRHI) announced that it will be unloading is entire stake in the Pacific Online Systems Corp., the exclusive online lottery system provider of the Philippine Charity Sweepstake Offices in the Visayas and Mindanao.

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) [...]

And so President Gloria Macapagal-Arroyo’s trip to Copenhagen, Denmark seems to be fruitful. If the said pledges amounting to $380 million (P17.67 billion) in foreign funding for environment-related projects and programs in the Philippines would materialize.

The Department of Energy (DOE) has started accepting proposals for the bidding of the nine geothermal areas offered under the latest Philippine Energy Contracting Round (PECR). At least 10 local and foreign groups have already been pre-qualified.
According to Mario Marasigan, DOE assistant secretary, they are evaluating the submitted proposals at present to verify if they [...]

Business establishments in Quezon City can breathe a sigh of relief, as the city government announced that it won’t be raising its business taxes until June of next year. Quezon City Mayor Feliciano Belmonte Jr. made the announcement and assured the local business community that they won’t be increasing taxes until he finishes his term [...]

The National Development Co. (NDC) is planning to avail of a loan from private banks in order to raise at least $300 million by yearend. NDC will be buying  a portion of the controlling of stake of Land Bank of the Philippines (LandBank) and the Development of the Philippines (DBP) in Metro Rail Transit Corp. [...]