The latest to resign was PAL senior vice president for planning and commercial group Angelito Alvarez, who was credited for the new flights launched by the airline since 2016. Alvarez was recruited by tycoon Ramon Ang in PAL when San Miguel Corp. acquired a 49 percent stake in the airline in 2012. A former commissioner of the Bureau of Customs, Alvarez was tapped to head the cargo business at t...
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The Business Process Outsourcing (BPO) industry continues to expand in new growth hubs outside Metro Manila as a more diverse group of BPO tenants invest in “Next Wave Cities,” revealed commercial real estate consultancy Santos Knight Frank. Overall, the local BPO industry currently employs 1.3 million jobs directly and 4.1 million jobs indirectly. Already, 25% of BPO industry emplo...
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CEBU, Philippines — Cebu Holdings Inc., (CHI), the developer of Cebu I.T. Park and Cebu Business Park is moving to address the rising demand for shared living spaces in Cebu. The Ayala-led publicly-listed developer announced the construction of its latest project called “The Flats” to meet the growing demand for shared living spaces in the city. The project, which caters to...
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Philippine businessman Manuel Pangilinan, otherwise known as MVP in the local business community, who ran into trouble with a borrowing binge two decades ago, is pursuing the biggest-ever Philippine initial public offering (IPO) in order to reduce the risk of a repeat. Pangilinan is attempting to pull off a giant share sale for Metro Pacific Investments Corp.’s (MPIC) hospital unit, one t...
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ILOILO CITY -- More investments for Iloilo City and Iloilo province are expected following the visit of San Miguel Corp. president and chief operating officer Ramon Ang for the groundbreaking of the company's PHP6.7 billion brewery facility in Leganes town on Friday. Prior to his visit to Barangay Gua-an, the site of the production facility, Ang was toured by Ilonggo Senator Franklin D...
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DAVAO CITY—Investments on travel and tourism have snowballed across key cities in the Philippines—with this city marking high in preferred investment site—as the industry continue to ride high on huge consumer spending in travel. The RedDoorz, a leading hotel management and booking online platform in Southeast Asia, told BusinessMirror that “some of its customers and a f...
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