The real estate subsidiary of conglomerate San Miguel Corp. (SM) is planning to launch soon, the country’s first “underwater hotel.” The said project is part of the four new developments of San Miguel Properties Inc. (SMP) which will start next year, as the company’s foray into the tourism segment begins.

Investment banker Philip Sevilla has been appointed by President Aquino as Finance undersecretary for Privatization and the Corporate Affairs Group, as confirmed by Finance Secretary Cesar Purisima recently. Sevilla will be taking over the portfolio which was previously handled by Crisanta Legaspi. He will be handling the difficult task of helping raise revenues for the [...]

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 [...]

A healthier cupcake makes for a great alternative ‘baon’ is the product of the research project by a group of people from the Southern Philippines Agribusiness and Marine and Aquatic School of Technology (SPAMAST) in Digos City, Davao del Norte.
The cupcake made from seaweed and durian, which is just in time for the school opening, [...]

A listed firm expressed interest to bid for the 116 megawatt Subic diesel-fired power plant project, the sole generating facility at the Subic free port.
In its disclosure to the Philippine Stock Exchange (PSE), Pacifica Inc. which is controlled by port operator Michael Romero said its board has approved the plan to “bid or submit a [...]

The North Belton Communities, a mixed-use township development in Quezon City owned by Lucio Tan’s group, was bought tycoon Henry Sy’s SM Prime Holding, Inc. A memorandum of agreement was recently signed between the Lucio Tan-led Eton Properties Philippines, Inc., Philippine National Bank (PNB) and SM Prime.
The signed MOA involves the sale of a portion [...]

The Ayala Land Corp. is earmarking P3 billion to funds its new development project in the Makati central business district (MCBD) North, The Lerato. The new project consists of three tower residential development and retail area.
Alveo Land President Dante M. Abando said during their pre-selling and launching that they have already sold 115 of the [...]

For entrepreneurs, often the biggest concern for them which stopped from starting a business is capital. But there are a lot of lending and financial companies who can give Personal Loans especially if you can present a feasibility project of planned business. Some even provide these loans collateral free, just look around your neighborhood or [...]

The chairman of International Container Terminal Services Inc. (ICTSI), Enrique Razon Jr., is venturing into the gaming business. After selling his interest in the Philippines’ power transmission monopoly, Razon was able to acquire license to operate at the country’s up-and-coming gamboling hub.
Razon announced recently that he acquired Bloombury Investments Holdings Inc. from businessman Jose Alvarez, [...]

The plight of the coffee growers in the Philippines is the main focus of the continuing project of Nestle Philippines, Inc.  in support of the coffee industry in the country. The company is extending its assistance to coffee farmers, particularly in the provinces of Aurora, Bohol and Mindoro, with the cooperation of the Department of [...]

Davao was to have been experiencing power shortage, but this is expected to ease up once the establishment of a new hydropower plant will be finished. The hydropower plant project, which will utilize Tamugan River, will be undertaken by the Aboitiz-owned Hedcor Inc.
The company was able to forge a compromise agreement with the Davao City [...]

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 Philippine National Oil Co. (PNOC) was able to bag an exploration contract to develop the Mt. Isarog volcanic chain in Camarines Sur.  The PNOC’s $60-million Mt. Isarog geothermal project is estimated to generate 18 gigawatt-hours of electricity per year from its potential capacity of at least 20 megawatts.  It will be started in the [...]

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), [...]

The country’s largest operator of mall chains, SM Prime Holdings Inc., is yet on another expansion as it announced its plan to start the construction of its new shopping mall located within the 240-hectare South Road Properties (SRP) in Cebu 2010.
According to SM Prime chief financial officer Jeffrey Lim, the proposed shopping center will be [...]

Many fears the disadvantages that it could bring, such as affecting the trade of vegetable dealers in the town and that it will worsen Benguet’s traffic problem. But Mayor Artemio Galwan is adamant on the plan of building a P268-million commercial complex in the public market area.
“The trend is now to erect malls, it’s a [...]

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 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 [...]

After the implementation of the Bureau of Internal  Revenue’s (BIR) Oplan Kandado program, the agency’s preliminary figures on VAT collection as against the total revenue rose from 18% to 22%, according to revenue agency commissioner Nelson Aspe.
More companies now see to it they remit their as a result of the BIR’s drive to shut down [...]