Cognizant, another world-leading company engaged in the technology, consulting and business process outsourcing (BPO) services is expanding its operations in the Philippines. From its present manpower of approximately 200 employees, the company said its planned expansion will accommodate as much as 600 more personnel.
R Chandrasekaran, president and managing director of Global Delivery, Cognizant said, “Within [...]

Texas Instruments (TI), one of the world’s leader in the semiconductor industry, has been doing business in the Philippines for more than 30 years, and the company plans to stay longer in the country. In fact, TI has earmarked $1 billion in new investments for its planned expansion of its operation in the country for [...]

Microsoft launched last week its latest product to its customers in the Philippines – the Microsoft Office 2010 and Microsoft SharePoint 2010, Microsoft Vision 2010 and Microsoft Project 2010.
The software giant expects its new products to significantly benefit Filipino business in terms of productivity and gains and to give them higher returns on their software [...]

Another company is the subject of the charges filed by the Bureau of Internal Revenue for tax evasion. This time, the BIR filed a criminal case against Nanox Philippines, Inc., a Japanese company that manufactures liquid crystal display (LCD) screens, for its failure to pay its taxes worth over P200 million.
BIR Deputy Commissioner for Legal [...]

Senator Benigno “Noynoy” Aquino III is insistent about staying in his Time Street residence and not reside in Malacañang palace, once he is finally proclaimed as the country’s next president. This in spite of his neighbors’ and close-in security’s fears of added security risks, and of course, the additional traffic and noise that his continued [...]

A new president and vice president will be proclaimed by June 15. This is the promise of Senate President Juan Ponce Enrile despite the questions constantly being raised by some their colleagues. The Joint Canvassing Committee of Congress (JCCC) was said to be working double time to answer the questions raised by lawmakers on alleged [...]

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 [...]

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 [...]

Manulife is expecting its business in the Philippines to grow in 2010 by 30 to 40 percent. The Canadian insurer is basing its projection in terms of premiums and beat industry’s growth forecast.
The said projection was feasible, according to president and chief executive officer of Manulife Philippines Indren Naidoo, saying that they are stepping up [...]

With the seemingly assured victory of Benigno  “Noynoy” Aquino for the highest position in the country, the business groups in the Philippines have expressed their eagerness to support and work with the incoming administration.
Francis C. Chua, president of the Philippine Chamber of Commerce and Industry (PCCI), said “The business community welcomes who the people have [...]

As Senator “Noynoy” Aquino III posted a surprisingly strong lead in the early counting of the first automated election returns, many of his rivals for the position of president have conceded defeat.
Gilberto “Gibo” Teodoro, who expressed his support for the new presidency said, “I have a supportive family, the best one.” A statement in Teodoro’s [...]

National Power Corp. (Napocor) president Froilan Tampinco that they will be offering about P15 billion worth of peso-denominated bonds and want it to be in place within the month. The proceeds for the bond offerings would be used to fund the company’s budget requirement for the rest of the year and up to the first [...]

Labor Day, May 1 falls on a Saturday, following the holiday of economics being observed by the government, President Gloria Macapagal Arroyo has declared May 3, the nearest Monday to May 1, as a regular holiday throughout the country in observance of the Labor Day.
The declaration is being consistent with the provision under Republic Act [...]

On April 28, the Power Sector Assets and Liabilities Management Corp. (PSALM) is expecting to receive bids from at least companies at the auction of the 246 megawatt (MW) Angat hydropower plant in Norzagaray, Bulacan on April 28. PSALM vice president for asset management and electricity confirmed that six groups are in the running.
During the [...]

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 [...]

Saturday, April 10, 2010 marks the first day of voting for Filipino overseas, which according to the Department of Foreign Affairs, proceeded smoothly.
Voters in Hong Kong said the automated process was “fun and simple” and most of them took less than 3 minutes to cast their voted, feed their ballots in the precinct count optical [...]

Manuel V. Pangilinan is one of the most powerful and influential man in the Philippines. A respected business whose words were always revered upon by those who hear them.
But recent news has put this notable individual in hot water, which led to decide in quitting his academic post. Pangilinan was sorely embarrassed on his speech [...]

The move against the imposition of the 12 percent value added tax (VAT) on toll found an ally in the person of Senate President Juan Ponce Enrile.
Enrile opposed the imposition of 12 percent VAT on toll, saying that the tax would only bring additional burden for motorists who also pay the road users’ tax. The [...]

In less than three years, TV5 would be doing international.
At least that’s the plan of Mediaquest Holdings Inc. for its newly-acquired television network – to launch it as an international business.
Mediaquest and TV5 president and chief executive Ray Espinosa said that the international business was part of the company’s plant to make the TV network [...]

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 [...]