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Category Archives: Philippine Business News

OFW remittances reach $1.9 billion in January 2013

Remittances from overseas Filipino workers (OFW) continue to increase, as the Bangko Sentral ng Pilipinas recorded a total of $1.9 billion worth of personal remittances from Filipinos who work and live abroad in January 2013. The figure is higher by 8.4% compared to the $1.7

Know your rights as an airline passenger

To those airline passengers who have missed meetings and appointments because of hours of delays, to those who have lost their luggage without either compensation or even a sincere apology from airline companies, and to those who were lured by “cheap” fares only to discover

World Bank, ADB, S&P revise GDP forecasts for Asia

With its revised growth prospects despite a declining global economy, is the Philippines set to finally realize its status as one of Asia’s next tiger economies? Possibly, as seen by upward revisions on the country’s GDP forecasts by three international lending and credit rating agencies.

Ramon Ang, not MVP, to buy Philippine Airlines (PAL)

It’s confirmed: Ramon Ang of San Miguel Corporation (SMC) is interested in acquiring a substantial interest in the country’s carrier Philippine Airlines. Ang himself confirmed this in a report by ABS-CBN News. San Miguel Corp. is said to be in the middle of due diligence

Salary & Compensation of top CEOs in the Philippines

Most of us know Jaime Augusto Zobel de Ayala, Danding Cojuangco, Tony Tan Caktiong, Manny Pangilinan, Andrew Tan and various others who head the largest corporations in the Philippines. We know how daunting their task is of managing their companies on a daily basis striving

Manny Pangilinan to buy Philippine Airlines (PAL)?

Manny V. Pangilinan (MVP) is on a buying spree. Through his holding firm Metro Pacific Investments Corp. (MPI), MVP acquired the following: telecommunication company PLDT in 1988; water concessionaire Maynilad in 2006; the Manila North Tollways in 2008; the Philippines’ largest mining company Philex in