Displaying all posts for Business

PH eyes setting up bank in Bahrain

By Mayvelin U. Caraballo/manilatimes.net – TMTThe Department of Finance (DoF) on Wednesday said it is exploring the possibility of opening a subsidiary of the Land Bank of the Philippines (LandBank) in Bahrain for overseas Filipino workers (OFWs) and to facilitate trade and investment with Manama. In a statement, Finance Read more »

Henry Sy Tops Forbes Philippines Rich List for Nine Years in a Row

via forbes.com – Henry Sy, takes the top spot on the Forbes Philippines Rich List for nine years in a row, with a net worth of US$13.7 billion. The complete Forbes Philippines Rich List is available here as well as in the latest issues of Forbes Asia and Forbes Read more »

Tim Hortons plans Philippines expansion

via cbc.ca – People craving a jolt of caffeine in the Philippines may soon be able to order a double-double at their local Tim Hortons. Restaurant Brands International, the multinational owner and operator of Tim Hortons and Burger King, said Thursday that it has partnered with a group of investors Read more »

Facebook opens office in PH

via CNN Philippines – Facebook Vice President for Asia Pacific Dan Neary announced on Wednesday (April 20) that the social network has opened its first office in Manila, Philippines. The new Manila office aims to strengthen Facebook’s investment in the Philippines and commitment to help connect people with the Read more »

RCBC treasurer resigns amid money laundering case

via CNN Philippines – Amid the ongoing probe into the $81-million money laundering scandal hounding the Rizal Commercial Banking Corp. (RCBC), its treasurer has resigned from his post. Former treasurer and executive vice president Raul Victor Tan resigned effective Wednesday (April 20), RCBC said in a disclosure addressed to the Read more »

More Japanese look to Philippines to hone English skills

By Shinichi Tokuda/japantimes.co.jp – Japanese are increasingly choosing to study English in the Philippines over the United States or U.K., driven by the lures of cheaper tuition fees and the proximity to home. And corporations are also encouraging staff to study in the Philippines, where English is one of the Read more »

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