Apr

11

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The rising cost of space and labor reopen the Philippines’ manufacturing sector as companies look at Cebu, where the economic landscape is friendlier to foreign direct investments (FDIs).

A dozen electronic companies from Japan and the United States have approached Cebu Investment and Promotions Center (CIPC) and expressed interest in locating to Cebu.

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Apr

1

The largest US-based financial holding firm by assets, JPMorgan Chase & Co., will likely transfer more business support functions to its global in-house center (GIC) in Manila, Philippines.

JPMorgan Chase Bank, N.A.–Philippine Global Center has emerged as Manila’s largest GIC of a global corporation. Established in 2005, the center generated almost P10 billion in revenues in 2011, and has a staff of more than 10,000 at The Net Plaza in Taguig City and at The Asiatown IT Park in Cebu City.

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Mar

30

IDEASPACE Foundation, Inc., the Philippine-based business incubator, announced the finalists for its national search for the country’s top tech business ideas.

The 20 finalists will vie for 10 slots to receive mentoring, support, services and grants from IdeaSpace partners and potential market runway to scale up their business to millions of households and subscribers.

The Cebu finalists are Lost Meets Found, an online solution for lost and found objects; miCab, a smartphone solution for getting a cab with or without mobile Internet; Nambal.com, an online healthcare system; SafeCab, a system to provide feedback for commuters riding cabs; and Tudlo, a guide system for disasters and emergencies.

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Oct

8

Cebu, Philippines – Cebu is named 2012’s “Most Business-Friendly Local Government Unit” by The Philippine Chamber of Commerce and Industry (PCCI).

The Philippine Chamber of Commerce and Industry (PCCI), which conducted the search, sent a formal communication congratulating the Cebu provincial government on its victory.

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