Business. The latest news about business ideas, tips, in-demand products and services, and matters related to the business field are in this category. This covers local and international businesses.
Prudentialife planholders trooped to the company’s office in Makati to claim their checks from the initial liquidation of the company with thousands of them causing chaos. According to the Insurance Commission there are 60,000 checks available for release but the representatives who took over Prudentialife were overwhelmed by thousands of planholders. The representatives decided to … Read more
The Philippines’ Insurance Commission ordered the Prudentialife Plans to release the checks from liquidation proceeds to Prudentialife Planholders. The Commission has already ordered the liquidation of the trust fund of Prudentialife Plans after several hearings at the IC and the previous Congress. UPDATE: Alphabetical Lists of Planholders Policy Number & Schedule of Check Release A … Read more
One of the Philippines leading business tycoon Lucio Tan, has reportedly sold his remaining shares in the country’s flagship air carrier, Philipppine Air Lines which leaves conglomerate San Miguel Corp. full control. According to a news report from Philippine Daily Inquirer, San Miguel bought Lucio Tan’s 51% stake of the Philippine airlines, with the deal … Read more
Forbes Magazine have already released the 2013 List of World’s Richest Billionaires which includes some of the Filipino businessman. Mall tycoon Henry Sy led the Philippine’s list of billionaires which as a net worth valued at $13.2 Billion. The 88-year-old Filipino-Chinese, Henry Sy and Family ranked 68th on the global billionaire’s list. He was way … Read more
One of the world’s leading magazine, Reader’s Digest filed for bankruptcy to cut their $465 Million of dept and focus on North American operations as consumers shift from print to electronic media. The company is the latest iconic international business that sought court protection from creditors after major brands such as Hostess Brands Inc., maker … Read more
Two of the Philippines largest banks, the Philippine National Bank and the Allied Banking Corporation have finally merged on Monday, February 11, 2013. According to a disclosure to the Philippine Stock Exchange, PNB, the surviving entity in the merger, made an interim set of officers and board of directors installed to serve until successors would … Read more
The Philippine Government total debt stock have already reached P5.381 Trillion, according to the Bureau of Treasury which climbed by P22 Billion based upon the November 2012 estimated debt. The estimated debt of the Philippines will put each Filipino citizen owing the country’s creditors roughly P54,908.00 based upon the World Health Organization’s population estimate of … Read more
The Bureau of Internal Revenue (BIR) warned operators of buy-and-sell websites liable for any entrepreneur who makes money online without first registering with the Bureau and the Department of Trade and Industry (DTI). According to a statement made by BIR Commissioner Kim Jacinto-Henares, she stated that the BIR will file cases against sellers who fail … Read more
As a newbie blogger, I couldn’t resist but share one of the greatest gift I received from one of my friend, who is considered as one of the most popular blogger from the Philippines but opted to put his fame on secret. Learning on how to blog even without any computer-related course, who find difficulty … Read more
One of the largest banks in the Philippines, Banco de Oro (BDO) announced some adjustments with their banking schedules nationwide. According to their official website, they will be opened on December 24, 2012 but only until 1 PM. Mall branches of BDO will be opened until 3 PM, to accommodate their clients especially those who … Read more
