Archive for September, 2008

RP in better position to face meltdown – IMF

Friday, September 19th, 2008

Fiscal reforms have improved the Philippines’ capability to face the global economic meltdown, but more reforms are needed, the International Monetary Fund (IMF) said yesterday. “The Philippines is in a better position to face this crisis because of fiscal reforms undertaken by the government in 2005-2006,” IMF Resident Representative Reza Baqir ...

US-based BPO firm to open 500-seater facility in Cebu

Friday, September 12th, 2008

Eyeing another growth area in its outsourcing operations in the country, an American firm is all set to start a 500-seater call center operation in Cebu this November. ICT Philippines, a member of the American firm ICT Group, recently gathered representatives from the city’s local government sector and the academe to ...

WORLD BANK SAYS RED TAPE IS HOLDING THE PHILIPPINES BACK

Thursday, September 11th, 2008

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has advised the Philippines to speed up the completion of reforms intended to make its environment more conducive to business. The recommendation came following the release of its survey results on "Doing Business 2009" indicating Philippine overall ...