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Call center industry eyes 30% growth, 50,000 more jobs
Confident of hitting $ 4.35 billion revenues this year to sustain a 30 percent annual growth and accounting for two-thirds of the total projected 2008 business process outsourcing (BPO) revenues of $ 6.7 billion, the call center industry is focusing on improving efficiencies, ridding of unscrupulous brokers and imposing sanctions against poaching.
Exporters urged to open new markets
Filipino exporters should look more to new export markets such as the East Asia, Latin America, the Middle East instead of concentrating on traditional markets by using its neighboring countries as its export platform, a Malaysian trade official said.
Gov’t sells P70-B retail treasury bonds
The Bureau of Treasury raised P70 billion in three days from a retail Treasury bond offer that attracted plenty of interest from small investors looking for steady returns.
Holcim invests P160 M for 4 silos
Holcim Philippines Inc. is investing at least P160 million for the construction of four silos for WallRight, a new specially formulated masonry cement product, which would enable as much as 32 percent savings in a construction project.
Rich and poor countries split at WTO talks
GENEVA, July 23 (AFP) – Developing countries on Tuesday shot down an offer by the United States to cut its farm subsidies as negotiators urged a quickening of pace after the first two days of crucial WTO talks here.
BSP signals more rate hikes coming
The Bangko Sentral ng Pilipinas signalled yesterday that it would keep raising borrowing costs in its most forthright comments to date on combating soaring annual inflation.
Remittances to hit $ 18 B next year
Remittances are expected to reach $ 18 billion next year as demand for Filipinos for employment abroad will continue to increase, especially in the Middle East.
Hog raisers, meat processors buck buffalo meat importation
A Department of Agriculture (DA) order that opens up buffalo meat importation to more users is facing stiff opposition as this may pose disease threats to the animal industry and adversely impact on livestock price.
PIPPA to amend open access bid if Calaca deal is not closed
The Philippine Independent Power Producers Association (PIPPA) is considering moves to file an amended petition for the interim open access (IOA) in case the Power Sector Assets and Liabilities Management Corporation (PSALM) fails to close the Calaca transaction as targeted.
DBP allowed to set up offshore subsidiaries
The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP), has given its approval for the Development Bank of the Philippines (DBP) to put additional subsidiaries offshore to expand its remittance operations.
ALI’s profit up 42%, sees strong Q2 outlook
Despite challenges faced by the industry, real estate giant Ayala Land Inc. (ALI) expects its second quarter to continue the strong "trajectory" started in the first quarter when net income jumped 42 percent and revenues rose 28 percent.
P/$ rate closes at P44.02/$ 1
The peso exchange rate closed higher at P44.02 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from P44.61 the previous day. The weighted average rate appreciated to P44.131 from P44.648. Total volume amounted to 1.467.5 billion.
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