Filipinos starting to take over top corporate posts from expats
REBECCA BUSTAMANTE, gmanews.tv
07/04/2008 | 01:13 AM

MANILA, Philippines - Filipino managers are taking their rightful place at the top of the international business community.

It used to be that executive positions of top multinational organizations were tightly controlled in a top-down manner. International managers would be sent from the home office to country offices throughout the world. They would then spend the next three or four years dictating company operating policies to local staff, whose performance was measured by how well they complied. More Filipinos starting to take over top corporate posts from expats

Methane plant eyes carbon credits
Ava Kashima K. Austria, BusinessWorld
07/04/2008 | 01:11 AM

MANILA, Philippines - Montalban Methane Power Corp. (MMPC) expects to gain 500,000 carbon credits from the operations of its power plant at the Rodriguez landfill in the next five years.

The P1.5-billion methane power plant is set to start its operations this July and will produce an initial output of two megawatts of electricity. More Methane plant eyes carbon credits

Italian group eyes $100-M food processing venture in Ilocos Sur
By Teddy P. Molina
Philstar.com
Friday, July 4, 2008

VIGAN CITY— A group of Italian businessmen has expressed interest in putting up a food processing venture in Ilocos Sur earmarking $100 million as initial investment capital for the project.

Former Ilocos Sur Governor Luis “Chavit” Singson announced this development to newsmen recently.

He said that the group went to Ilocos Sur during his birthday on June 21, accompanied by Italian Ambassador Ruben Fedele. More Italian group eyes $100-M food processing venture in Ilocos Sur

Pinoydelikasi.com: A showcase of Filipino ingenuity
by CAROLINE J. HOWARD
ABS-CBN News Channel
7/3/2008

"More than a billion people are on the Internet, a few million of whom are online at any given time. Half-a-million make a living on eBay. People said they would never buy a car over the net but in 2005, eBay sold $11 billion worth of automobiles. In 2007, Google bought YouTube.com for $1.65 Billion even if YouTube was not making money."

Just a few fast-facts e-Businessman Jovel Cipriano rattled out during his speech at this month's 2008 World Marketing Conference to prove just how profitable it is to go online. More Pinoydelikasi.com: A showcase of Filipino ingenuity (Photo: abs-cbnnews.com)

 

Cebu Pacific increases GenSan-Manila flights
GMANews.TV
07/03/2008 | 01:10 AM

GENERAL SANTOS CITY, Philippines - Budget airline Cebu Pacific Air is increasing its flights from this city to Manila starting next week as it capitalizes on the growing investment and tourism potentials of the city and neighboring provinces.

This will bring to four the regular flights from this city servicing the Manila and Cebu routes.

Nathaniel Y. Nazareno, chief of the Air Transportation Office here, said the Gokongwei-owned carrier would add morning flights starting July 11 on a thrice-a-week frequency. More Cebu Pacific increases GenSan-Manila flights
 

RP's Burgundy, Spain's Fenosa in $200-M joint venture
Gmanews.tv
07/02/2008 | 06:33 AM

MANILA, Philippines - Philippine exploration firm Burgundy Global Exploration Corp. (BGEC) said Tuesday it has signed an agreement with Spain’s Union Fenosa Gas to jointly explore 1.3 million hectares in the Sulu Sea for oil and gas.

Michael Louis Sia, vice-president of BGEC, said the two companies had agreed to spend $200 million for the exploration project. More RP's Burgundy, Spain's Fenosa in $200-M joint venture

Philippine firm brings old WWII jeeps back to life
Agence France-Presse
First Posted 11:07:00 07/01/2008

MANILA, Philippines -- The rugged Willy Jeep has been given a new lease of life by a small factory in Manila reproducing the iconic World War II vehicle for a growing international market nostalgic for the past.

The company, MD Juan, exports about 95 percent of its output to collectors mainly in the United States and Europe who still treasure the veteran vehicle said to have been the backbone of the US army during World War II. More Philippine firm brings old WWII jeeps back to life (Photo:eriding.net)