A total 108 delegates from wholesale travel agents from all over the world are coming to the Philippines for the upcoming 10th Philippine Travel Exchange (Phitex 2010) to forge deals with the different sectors of the local tourism industry.
Tourism Secretary Alberto A. Lim said that the delegates who will be coming in are large representations [...]

Are you ready for your giveaways this coming Christmas? Many of your regular customers and clients are sure waiting to get what you have for them this year. If you have the budget for it, why not get branded promotional products for your giveaways this year? It would sure make for great representation and definitely [...]

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.

We are on the second half of the year. Are you ready with your business promotional products? Before you know it, Christmas is already here. So better make sure that you have already ordered your giveaways for the holidays, if you have not ordered them yet. With your promotional products, you can get to reach [...]

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 [...]

The country’s biggest oil refiner and retailer, recently disclosed that for the first half of 2010, it has already spent more than P6 billion for its capital expenditure projects and debt repayments. Petron Corp., in its disclosure to the Philippine Stock Exchange (PSE), said it used the proceed from its preferred share issuance early this [...]

The IP E-Game Ventures, Inc., the online gaming unit of listed information technology firm IPVG Corp., is getting ready to go public after fulfilling the requirement of the Philippine Stock Exchange (PSE) to be listed by way of introduction last February of this year.

Figaro Coffee Co., a 100-percent Filipino-owned company established in 1993 whose product lines include specialty roasted local coffee varieties and various coffee-related paraphernalia. Currently, the largest Filipino-owned coffee company, with 65 coffee shop outlets nationwide, 35 of which are franchise-owned, and 30 are company-owned.
For 2010, the company plans to increase its 65 outlets by 18 [...]

With the first half of the year almost over, it is not really too really to prepare for the the coming Christmas season. Because many companies, as early as June, are already looking for suppliers for their promotional products which they can use for their promotions and giveaways for Christmas.

The country’s biggest homegrown fastfood company, Jollibee Foods Corp., is expanding its operations in China this year as it plans to open 60 more new stores, which accounts for the bulk of its international expansion program. Jollibee Foods Chairman and Chief Executive Tony Tan Caktiong said during the company’s annual stockholders’ meeting, “Our foregoing expansion [...]

The Philippine’s top producer of biodiesel, resins and oleochemicals, Chemrez Technologies, Inc. (ChemrezTech), has announced that its board of directors has approved the cash dividends worth a total of about P158.6 million to be declared. The company said in its disclosure to the Philippine Stock Exchange (PSE) that a regular cash dividend of six centavos [...]

Gokongwei-led Digital Telecommunications Philippines Inc. (Digitel) plans to increase its budget for capital expenditure (Capex) for 2010 from $250 million to $350 million this year. This is in line with the company’s effort to aggressively expand its network to match rivals Philippine Long Distance Telephone Co. (PLDT) and Globe Telecoms Inc.
James Go, Digitel president and [...]

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 [...]

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 [...]

A lower fees in their remittances will be enjoyed by overseas Filipino workers (OFWs) and their beneficiaries starting on the third quarter of the year. According to the Bangko Sentral ng Pilipinas (BSP), this will materialize once the the Philippine Payments and Settlements System (Philpass) Remit System becomes fully operational.
Remittances sent through the Philpass Remit [...]

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 [...]

The country’s tax agency was able to exceed its collection goal of P86.2 billion for April and was able to collect P87.1 billion for the month. Bureau of Internal Revenue (BIR) commissioner Joel Tan-Torres that the collection for April even exceeded the P87 billion collections for the same period last year.
The collection performance was attributed [...]

Party rental business is one investment that an aspiring entrepreneur might want to look into. I am actually considering this venture, only because of my cousin who has into the business of  party rentals in Los Angles for almost eight years. They migrated there ten years ago, and she has a big business of party [...]

Philippine top company and business conglomerate San Miguel Corporation now plans to acquire a significant stake in Petron Corp. The announcement of interest in the oil refiner immediately sent Petron’s share to its highest since November 2007.
San Miguel has an option to acquire 40% of the Sea Refinery Corp., a firm which owns about 50.1% [...]

One of the pioneer computer schools in the Philippines, the Systems Technology Institute (STI) Inc. is planning have a public offering and tap the equities market after the May 10 elections. STI plans to raise capital for further expansion.
STI chairman Eusebio Tanco said that they would like STI to be listed after elections to expand [...]