Online gaming company gets listed in the PSE

Posted on February 17th, 2010 by Roy

Philippine online gaming publisher IP E-Game Ventures Inc. (IP E-Games) was finally listed in the Philippine Stock Exchange (PSE). The company held its listing ceremony at the PSE last Wednesday. IP E-Games is the first online gaming company to be listed in the PSE.
A subsidiary of technology firm IPVG Corp., IP E-Games was able to [...]

PCCI opposed overtime payments for BI personnel

Posted on February 5th, 2010 by Roy

The Senate Bill 3404 or the Philippine Immigration Act of 2010 has provision that raised concern to some business sectors. Section 30 of the said act grants Immigration Officers the power to assign personnel to do overtime work at rates fixed by him when the services rendered is to be paid for by the shipping [...]

BPO sector prepares for the challenge of the new decade

Posted on January 16th, 2010 by Roy

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 [...]

About welding equipments

Posted on January 15th, 2010 by Roy

For the highly technical and skilled entrepreneur, the welding business is industry is not much explored. There seems to be a shortage on this skill as I have seen one too many shops with the sign, “Welders Wanted.” I know the capital and equipments for this business is not small. So if you want to [...]

Pacific Gaming receives $7M in investment from a Singaporean firm

Posted on January 5th, 2010 by Roy

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 [...]

More jobs in the US this year – POEA

Posted on January 2nd, 2010 by Roy

New report from the Philippine Overseas Employment Administration (POEA) said there will be a demand for more workers in the construction and oil industries in the United States this year. Hans Leo Cacdac, POEA deputy administrator said that the US government is opening its doors once again to foreign workers. More than a year after [...]

China and India look into RP’s mining industry

Posted on January 2nd, 2010 by Roy

Foreign companies are looking at the Philippines as possible investment target in their search raw materials for infrastructure projects. Investors from India and China want to prepare for the global economic recovery and thus are exploring the possibility of investing in the mining industry in the country.

Creative process outsourcing pushed by local animators

Posted on December 30th, 2009 by Roy

Our local animators have already proven themselves in the international arena, and their works have sought by many big international animation film companies. Now, they are hoping that Filipino animators would gain an even bigger spot on the world animation map.
The Animation Council of the Philippines Inc. (ACPI) is advocating “creative process outsourcing” CPO and [...]

Indian BPO firm plans to expand Philippines operation

Posted on December 30th, 2009 by Roy

A business process outsourcing (BPO) company who has open a service center here in country is very happy with the industry’s performance this year that it is looking forward to a brighter prospects next year.
The Aegis People Support, an Indian-owned BPO company is planning to expand in Cebu. Company representatives made the announcement when they [...]

Phoenix Petroleum looking for partner to beef up capitalization

Posted on December 26th, 2009 by Roy

Phoenix Petroleum Philippines, Inc. is looking for a strategic financial partner that can help it pump up its investment portfolio. This is keeping in line with company’s goal of becoming one of the key players among the league of independents in deregulated oil industry.

Samsung to pay Kodak for patents infringement

Posted on December 25th, 2009 by Roy

Kodak, the name that is almost synonymous with pictures and images, has amassed more than 1,000 digital-imaging patents, being one of the pioneers in this industry. Almost all of today’s digital cameras rely on that technology.

Demand for bluetooth headsets growing

Posted on December 5th, 2009 by Roy

Because of the continuous growth of the business process outsourcing (BPO) industry in the Philippines, so are the related businesses and products that go along with them. One of them is the headset, particularly the blue-tooth headset.
GN Netcom, Denmark-based and the world’s largest manufacturer of hearing aids and headsets, is very much aware of this [...]

ISO certification eyed for NAIA Terminals 2 and 3

Posted on December 1st, 2009 by Roy

International Standards Organization or the ISO certification is being eyed by the Manila International Airport (MIAA) on all its three Ninoy Aquino International Airport (NAIA) terminals. It has already signed Service Levels Agreements with 13 airport agencies to kick off its campaign for the ISO certification process for the NAIA Terminals 2 and 3.

Trade fair to feature products from Cordillera Autonomous Region

Posted on November 27th, 2009 by Roy

To help entrepreneurs, especially those who were affected by the recent typhoons, the Department of Trade and Industry (DTI) said that they will be staging the trade fair called Impakabsat.
A yearly regional trade fair of the Cordillera Administrative Region (CAR), Impakabsat features products from Ifugao, Mountain Province, Abra, Kalinga, Apayao, Benguet and Baguio, where the [...]

DOT pushing through with Tourism Congress on Nov 25

Posted on November 21st, 2009 by Roy

November 25 is the schedule of the Tourism Congress. However, there were calls from the local tourism industry for its deferment, but the Department of Tourism (DOT) is still pushing through with the original schedule of the event.

21st Ad Congress, SBMA donate to Baguio City

Posted on November 21st, 2009 by Roy

There were not few negative reactions were given when the organizers of the 21st Philippine Advertising Congress (PAC) decided to move the event from Baguio (its original venue) to Subic after the place was devastated by typhoon “Pepeng.” They believed the Ad Congress could actually help the city ‘rise’ faster if it were held there. [...]

Government, oil firms to meet on EO 839

Posted on November 8th, 2009 by Roy

The big companies were clamoring for the lifting of it, while the Philippine government was adamant in its resolve to keep the Executive Order 839 enforced. EO 839, which was issued by President Arroyo on October 23, freezes fuel prices at October 15 levels.
In line with this, the joint Task Force of the Department of [...]

PLDT acquired ABC 5

Posted on October 21st, 2009 by Roy

The Philippine Long Distance Telephone Co. (PLDT) has just acquired a majority stake in the ABC Development Corp. (ABC-5), owner and operator of broadcasting company ABC TV5. The PLDT through its media arm Mediaquest acquired 75% controlling interest in ABC-5.
Ray Espinosa, PLDT Beneficial Trust Fund vice-chairman and Mediaquest director, they are also in talks with [...]

Globe, Ayala enters banking industry

Posted on October 12th, 2009 by Roy

Sister companies Globe Telecom and the Ayala Corp. got the green light from the Bangko Sentral ng Pilipinas (BSP) for their entry in the financial industry. The approval of BSP creates for the two companies the opportunity to become the first mobile microfinance bank.

“More than P1-billion losses in business because of Ondoy” – PCCI

Posted on October 12th, 2009 by Roy

The Philippine Chamber of Commerce and Industry reported that business have lost up to P1 billion due to the devastation brought about by tropical storm Ondoy last month. But PCCI president Edgardo Lacson said that while this is the case, local enterprises are now starting to recover.
Lacson added that although there is an existing price [...]