A Chinese company is looking to invest in the renewable energy in the Philippines. The Wahaha Group Co. Ltd. is mulling to add to its investment in the country, an ethanol plant. The company earlier announced its interest for a joint venture in a fruit juice processing plant.
Mariz Agbon, president of the Philippine Agribusiness Development [...]

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 [...]

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 [...]

Another opportunity rises for job seekers as another business process outsourcing firm (BPO) gears up for expansion. The Stream Global Services Inc., a BPO company which is partly owned by the Ayala group is looking to fill up 1,500 seats in the 60 days and open one or two more new sites during the first [...]

To allow our farmers more access to bank credit, to further address their financing needs, the Bangko Sentral ng Pilipinas (BSP) has further eased its documentary requirements and its application procedures. This would allow banks to provide micro-agri loans to farmers.
The micro-agri loans which amount to less P150,000 would be exempted from the requirement of [...]

The Government Service Insurance System (GSIS) has entered into a conditional sale agreement with the Hong Kong-based First Pacific Company (FPC), which is represented by its local affiliate Two Rivers Pacific Holdings Corporation. The deal will see First Pacific buying approximately 5.9 percent interests of GSIS in Philex Mining Corporation for P6.02 billion.

The SM Group announced recently that they will be opening up to 20 new stores in Metro Manila and surrounding provinces this year for their food retail unit. The company said it will be investing P1 billion to P2 billion for these projects.

In Baguio City, enterprising housewives banded themselves together and formed a group which challenged the local government to send the city’s uncollected garbage to them. A challenge which have live up, up to this day.
These women from 10 barangay in the city have doing this for decades now – they have been converting trash into [...]

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.

A good news, for a breather. Consumers can expect to buy chickens at a lower price next, a supermarket group said, because of the expected increase in supply. From the present suggested retail price (SRP) of P130 per kilo, a five percent reduction will bring it down to P123.50 per kilo, or a savings of [...]

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.

Because of the difficulty in obtaining a franchise from Congress, the Gatchalian Group has temporarily shelved its planned airline business.
Atty. Miguel Varela, one of Gatchalian’s partners in the proposed airline company, told reporters they cannot operate yet because they failed to get a franchise, which is an act of Congress. “It is difficult to get [...]

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.

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 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 [...]

The Liberal Party (LP), led by its presidential and vice-presidential bet, Senator Benigno “Noynoy” Aquino III and Senator Manuel Roxas III, together with their senatoriables, was the first to file their certificate of candidacy as a group.
The senatorial line up of the LP include Anakbayan Partylist Representative Risa Hontiveros-Baraquel, former National Economic Development Authority head [...]

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 [...]

A new and improved myDSL service which was designed for business use was launched last week by the Philippine Long Distance Telephone Co. (PLDT). The new service was geared specifically for the small and medium enterprise (SME) segment.

The Ayala Corporation currently owns 31.7 percent of Manila Water Co., but this will increase because it agreed to buy P3.5 billion worth of additional common and preferred shares of the water utility service company from British partner United Utilities Pacific Holdings BV.