THE BDO’s top brass enjoys a light moment with Henry Sy, Chairman Emeritus of Banco de Oro (second from right) after the offi cial announcement
of the merger of BDO with Equitable PCI Bank at a hotel in Makati City. From left, Rene Buenaventura, Vice Chairman on Retail; Teresita
Sy-Coson, Chairman, and Nestor Tan, President. ROY DOMINGO
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THE long wait is finally over for the Sy group.
On Monday, the respective board of directors of Banco de Oro Universal Bank and Equitable PCI Bank Inc. approved the merger plan of the two entities, effecting the largest merger in Philippine banking history.
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FOUR Philippine cities made it to the Top 15 of the world’s most competitive business process outsourcing (BPO) destinations, according to the study of services globalization adviser NeoIT.
The 2006 Global City Competitiveness (GCC) report of the California-based firm had Manila ranked No. 9, while Cebu, Clark, and Davao were listed at No. 13, 14 and 15, respectively.
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THE government opened a multisectoral consultation-workshop Monday in preparation for the formulation of a methodology to measure the gross value of e-commerce in the Philippines as well as what comprises its computation.
The workshop was under the National Statistical Coordination Board (NSCB) and it presented a proposed definition, framework, and indicators for e-commerce estimation.
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EXPERTS in biotechnology on Monday met to finalize economic cooperation efforts aimed at harnessing the potentials of modern biotechnology and its application in agriculture to ensure food security in the Asia Pacific region.
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SHORT-TERM interest rates tumbled across the board on Monday as Treasury bill rates fell and as the outlook on inflation and most other macroeconomic numbers began to shape even more positively than before.
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FOR Christmases past, travelers flying into Manila could freely bring in fruits and vegetables from abroad, mostly as holiday pasalubong, despite customs regulations barring these. In contrast, Filipinos landing in foreign airports had to follow strict quarantine procedures for these items, facing either confiscation or stiff fines.
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Global challenge in education Enrique P. Grecia, vice chairman of the International Congress on ICT and regional director
of the Commission on Higher Education (CHED) Region VII, fields questions from the media during a press conference on the International
Congress on ICT with its theme this year—” A Global Challenge in Education.” The congress will be held at the Waterfront Cebu
City Hotel on November 16 to 18, 2006. NONIE REYES |
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Best Of The Best
BusinessMirror marks its first anniversary with a special anniversary folio called “The Best of the Best. The paper first hit the streets on October 3, 2005. It has been a year of breathtaking challenge and excitement, and we will reserve for another day its retelling. For now, this “biggest” newest broadsheet in town would rather mark the anniversary with a collection of stories that represent the full range and depth of its promise to readers, i.e., to provide “a broader look at today’s business.” |
