Holcim holds off price increase until March

Posted on February 5th, 2010 by Roy

There will not be any price increase on the cement, at least none until the end of March. This was the promise made by Holcim Philippines who said that they will not be increasing their price in Metro Manila in order to help those who were hit by the typhoons which devastated the country late [...]

Convergys gears up for expansion this year

Posted on January 27th, 2010 by Roy

Convergys Corp., one of the leading business process outsourcing (BPO) company in the Philippines is gearing up for expansion this year, one of the main reason is that more clients are requesting that their accounts be handled by Philippines sites.
The company is looking to hire about 6,000 more employees this year , nationwide, in order [...]

10 new branches opened by Veterans Bank

Posted on January 23rd, 2010 by Roy

This early, the Philippine Veterans Bank (PVB) has already opened 10 new branches to beef up its network to 60 branches all over the country. The 10 new branches were actually opened simultaneously last January 18.

SM expanding retail stores to reach more customers

Posted on January 23rd, 2010 by Roy

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.

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 [...]

Salary increase in 2010, unlikely – DOLE

Posted on December 31st, 2009 by Roy

Hopes of a possible wage increase in 2010 would be unlikely, according to the Department of Labe and Employment (DOLE). Labor secretary Marianito Roque said that for the second straight year, workers nationwide are unlikely to get any salary hike. “I don’t think that there will be any wage increase because there is no economic [...]

Cement supply to normalize after the holidays

Posted on December 25th, 2009 by Roy

Holcim, global cement giant, reiterated that there is no shortage in the supply of cement in the market. It assured the public that the supply of cement in the market will normalize after the Christmas holidays. Ed Sahagun, sales manager of Holcim’s cement plant in the Philippine made the assurance even as trucks lined up [...]

Extension of LRT-2 to Tondo and Antipolo being studied

Posted on November 19th, 2009 by Roy

The LRT-2 which currently runs 13.8 kilometers and traverses five cities in Metro Manila – which are Pasig, Marikina, Quezon City, San Juan, and Manila along the major thoroughfares of Marcos Highway, Aurora Boulevard, Ramon Magsaysay Boulevard, Legarda and Recto, is undergoing study for its on both its east and west end.

Ayala acquires more shares in Manila Water

Posted on November 12th, 2009 by Roy

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.

Floodway clean-up to evict 2,070 families

Posted on November 4th, 2009 by Roy

In order to avoid the floods that happened during the onslaught of tropical storm Ondoy last September, the government wants to clear the floodway of any obstructions. Because of this, about 2,070 illegal settler families who live along Napindan Channel and Manggahan Floodway in Pasig City would be evicted. This is all part of the [...]

Comelec tells late registrants to return on Tuesday

Posted on October 31st, 2009 by Roy

Because typhoon Santi has caused power interruption in some parts of Metro Manila and Southern Luzon, the Commission on Elections (Comelec) is making some leeway on its strict adherence to a ‘no extension’ of voters’ registration.
The Comelec yesterday said it will allow registrants in its offices who were affected by the power outage brought by [...]

First State Investment acquires 5.4 stake at Manila Water

Posted on October 17th, 2009 by Roy

First State Investment Management Ltd., a UK-based firm, and its units acquired a total of 5.438% stake in the Ayala-led utility firm Manila Water Co. Inc. according to the company’s disclosure report with the Securities and Exchange Commission (SEC).

PR Gaz Haus aims for 500 outlets in the next 5 years

Posted on October 14th, 2009 by Roy

The only liquefied petroleum gas (LPG) franchiser in the country, PR Gaz Haus, is embarking on an ambitious 500-store expansion binge. This it hopes to accomplish in the next five years, according to company chief operating officer for franchising Siu Ping C. Par.

“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 [...]

Bangus prices dropped because of typhoon Pepeng

Posted on October 10th, 2009 by Roy

Prices of milkfish (bangus) dropped to P30 a kilo from a previous P90 per kilo when floods triggered by Pepeng’s strong rains washed out Pangasinan’s fishponds and cages.
Fishpond owners, who were trapped on the roofs of their houses because of the 20-foot-high floodwaters, can only watched helplessly while their neighbors swam and scooped up the [...]

“More than P11 billion insurance claims” – PIRA

Posted on October 10th, 2009 by Roy

As an aftermath of the damage caused by the recent onslaught of tropical storm Ondoy in the country, the Philippine Insurers and Reinsurers Association (PIRA) said that they now have initial claims reaching P11 billion. This is broken down into P10 billion for damage to property claims and P1 billion for automobile damaged. PIRA did [...]

Emergency employment programs for victims of Ondoy

Posted on October 9th, 2009 by Roy

To help the victims of tropical storm Ondoy in Metro Manila get a chance to earn, after receiving dole-outs for more than a week, the Department of Social Welfare and Development (DSWD) and the Department of Labor and Employment (DOLE) have started an emergency employment program. This is aimed at helping those rendered jobless and [...]

Comelec will stop deactivation of voters

Posted on October 8th, 2009 by Roy

Upon the recommendation of the Election and Barangay Affairs Division (EBAD), the Commission on Election decided to stop the disenfranchisement of registrants. This will make the Comelec stop the deactivation of voters who failed to take part in the midterm and Barangay and Sangguniang Kabataan elections in 2007.

Comelec will start accepting certificates of candidacy on November 20

Posted on October 7th, 2009 by Roy

Starting November 20, aspirants for the local and national elections on May 10, 2010 can start filing their certificates of candidacy (COC) at the Commission on Elections (Comelec). The last day of filing of COC is on November 30. The announcement was made by the Comelec as it issues the guidelines for the filing of [...]

SSS reduced loan rates for house repairs

Posted on October 2nd, 2009 by Roy

To help the members affected by the calamity brought by tropical storm Ondoy, the Social Security System (SSS) has lowered its interest rate for loans on home repairs and improvements. The agency said loans for home repairs and home improvements now have an interest rate of 9%, 4 notch lower than the previous 13% rate. [...]