Megaworld Fast-tracks Construction of BPO Towers in McKinley West

Manila-(PHStocks)-Megaworld Corp. (PSE: MEG), the country’s largest developer and lessor of office buildings, has accelerated the construction of six campus‐type office towers in the 34.5‐hectare McKinley West township located in the southern part of Fort Bonifacio beside the upscale Forbes Park community. The six towers will have a total of 60,000 square meters of office […]
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Experts Expect No Glut in Philippine Office Space

Investing in office spaces is seen to become an increasingly attractive proposition for many developers, as the country continues to enjoy a steady influx of companies setting up shop in the Philippines. A primary driver of the rise in demand for office spaces, according to property consulting firms Cushman & Wakefield Philippines Inc. and Jones […]
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Employment in BPO Sector Hits 1-M Mark

Employment in the information technology-business process management (IT-BPM) industry has already hit the one million mark, or 1 percent of the population, as more and more foreign firms outsource work in the Philippines. Related Articles:Megaworld Fast-tracks Construction of BPO Towers in McKinley WestExperts Expect No Glut in Philippine Office SpaceMegaworld Earmarks PhP5B to Build 10 Office Towers in Iloilo Business ParkConvergys Acquires Stream […]
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Megaworld Earmarks PhP5B to Build 10 Office Towers in Iloilo Business Park

Iloilo City—(PHStocks)—Megaworld Corp. (PSE: MEG), the country’s leading property developer and office developer and landlord, will build 10 office towers in the 72-hectare Iloilo Business Park by 2021. The office towers will provide a total of about 100,000 square meters of office space inventory for the biggest cyberpark in Western Visayas, generating approximately 30,000 jobs in […]
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Convergys Acquires Stream for PhP36B

Manila—(PHStocks)—Ayala Corp. (PSE: AC) announced that its BPO investment arm, Livelt, has agreed to the combination of Stream Global Services Inc., which is 29% own by Livelt, and Convergys Corp., creating the second largest customer management services provider in the world. Once the transaction is complete, Convergys expects to have combined revenues of over $3 […]
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LRWC Board Approves Increase in Authorized Capital Stock

Pasig—(PHStocks)—The Board of Directors of Leisure & Resorts World Corporation (LRWC, PSE: LR)  had approved a number of items in the Special Board meeting last January 22, 2013 that shall be included in the agenda during the Special Stockholders Meeting scheduled for 22 March 2013: 1. An increase in the authorized capital stock of LRWC to PhP5 […]
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2010 BOP Surplus Reaches $14.4B

The balance of payments (BOP) surplus stood at $7.9 billion in the fourth quarter of 2010, a nearly fourfold increment over the $2 billion surplus registered in the comparable quarter a year ago, according to the Bangko Sentral ng Pilipinas (BSP). The appreciable improvement in the external payments position was due to the robust net […]
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Ayala 2010 Net Income Up 37%

Ayala Corp. (PSE: AC) has reported net income of PhP11.2 billion in 2010, up 37% YoY. Its real estate, banking, water, and auto business all posted record earnings during the year, which cushioned lower earnings of its telecom and electronics manufacturing units. Earnings were boosted by a PhP3.6 billion net gain due to the revaluation of […]
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