Central bank chief expects more investments in PH

Tweet The Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said that the favorable economic outlook for the country could spur more foreign investments—both direct and portfolio types—and further boost foreign exchange reserves, which already hit an all-time high last year. Reserves now stand at $76 billion. He added that, like other emerging...

FIGHTING EMAIL SCAMS

Tweet NEW YORK— Google, Facebook and other big tech companies are jointly designing a system for combating email scams known as phishing Such hoaxes try to technique people into giving away account details and other private details by delivering email messages that look as if they come from a genuine economical institution, store or other business....

Ibon cautions against BPO dependence

Tweet Independent think tank Ibon Foundation said that the Philippine government should not rely too much on call centers and other business process outsourcing (BPO) companies to boost local employment and the economy. It added that the recent statement of United States President Barack Obama calling for “in-sourcing” jobs back to the US underscored the...

Mining firms see a trove of gold at Philippine site

Tweet Indophil Resources NL of Australia announced that the $5.9 billion Tampakan copper-gold project in Mindanao contains more mineral resources than previously thought, citing a report from Xstrata Copper, the majority shareholder and project manager. The Australian mining firm holds a 37.5-percent interest. Total mineral resources are now estimated...

DTI: Philippine BPO industry to flourish despite U.S. bill

Tweet The Philippine Department of Trade and Industry (DTI) is confident that the recent declaration of U.S. President Barack Obama to withdraw support from “businesses that ship jobs overseas” will hardly affect the business process outsourcing (BPO) industry. It also doubts that the American congress will pass the pending bill, viewing the hubbub...