New Cebu hotel hiring 1,000

By Roderick T. dela Cruz
CEBU—A five-star hotel and resort built by Korean investors on Mactan Island is now hiring more than 1,000 staff to run the 7.5-hectare project when it opens in April this year.

Pangilinan: First Pacific units to invest P38b this year

The local units of Hong Kong-based conglomerate First Pacific Co. Ltd. are allocating more than P38 billion in capital expenditures in their projects in the Philippines.

PhilExim reverses loss, registers P115.5-m profit

By Lawrence Agcaoili
State-owned sovereign guarantor Philippine Export-Import Credit Agency registered a net income of P115.5 million in 2008, a reversal of the P395.1-million loss it posted in 2007, due to robust guarantee and credit insurance business.

Sole dealer of 3-D appliances bows out

The Securities and Exchange Commission has cancelled the certificate of registration of Northern Islands Co. Inc., after the corporate life of the sole distributor of popular 3-D home appliances in the country expired on Aug. 6, 2007.

Audi sales top 1-million mark despite crisis

Audi AG said global sales in 2008 surpassed the 1-million mark for the first time to defy a global trend.

Mutiny in SGV

By Victor C. Agustin
A PARTNERS’ revolt within SGV is indeed under way, and it has something to do with the “Internal Agreement” that SGV has committed itself to honor in order to continue its audit, tax, and financial services relationship with its de-facto principal, the multinational Ernst & Young.

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Monday, February 2, 2009
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