News on Business in the Philippines

The economy of the Philippines is expected to grow by 6.7% this year, making it the best-performing economy in Southeast Asia.

The truth about Ramar Foods’ Magnolia Ice Cream in the USA. Watch the video below from the real Magnolia Ice Cream of the Philippines.

Note that Ramar Foods is NOT the Magnolia ice cream you knew growing up in the Philippines. Always check the label.

Boycott Ramar’s Orientex Lumpia!! Boycott Ramar’s Magnolia Imitation!!

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Doing Business in Tagalog

negosyo
business

negosyante
businessman /
businesswoman

kontrata
contract

pera
money

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Business Vocabulary List

buwis
tax

tubo
interest

tubo sa utang
interest on a loan

walang tubo
no interest

opisyal
official

kumpanya
company

suhol
bribe

dokumento
document

mga dokumento
documents

papeles
papers

negosyo
business

negosyante
businessman /
businesswoman

kontrata
contract

pera
money

 

bayad
payment

utang
debt

pautang
loan

bangko
bank

tseke
check

Strongly recommended: Doing Business in Tagalog

Major Filipino Companies

List of major companies in Philippines:

AIRLINES

  • Pacificair
  • Philippine Airlines

BANKS

  • Development Bank of the Philippines
  • Allied Bank

ENTERTAINMENT

  • Leopoldo Salcedo Production
  • VIVA Entertainment

MANUFACTURING

  • Herma Shipyard
  • Integrated Microelectronics, Inc.

MEDIA

  • Quest Broadcasting Inc.
  • Radio Mindanao Network

OIL & GAS

  • Petron Corporation
  • Philippine National Oil Company

FOOD
– Clara Ole
– San Marino
– NutriAsia
– ComFoods
– Aling Conching
– WL Food Products
– Universal Robina Corporation (Jack n Jill)

Philippine food and beverage products being shopped to South Korean companies as of April 2016:

  • sauces and condiments of Mama Sita’s
  • pure sap coco sugar from Cocoro
  • coffee from Bote Central Inc.
  • calamansi products from NuBlends Corp.
  • peking duck from Maharlika Agro-Marine Ventures Corp.
  • snack food from Universal Robina Corp.
  • baked products from Magic Melt
  • confectioneries from Monde Nissin
  • natural sweetener from Suchero
  • coconut oil from Minola
  • coco water and coco products from VCO Philippines

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Clara Ole

The Filipino food company Clara Ole is named in honor of Clara, the wife of Mr. Ruben Sysu, who is the founder of Sysu International, Inc. Continue reading “Clara Ole”

Century Pacific Group, Biggest Food Canner?

Originally posted in February 2010.

Century Pacific Group is the Philippines’ largest exporter of canned and pouched tuna to companies in USA, Canada, Europe, Asia, and Africa. The company exports canned tuna to Europe and the US, where they are privately branded. It is  also the market leader in its product sector in China.

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Overview of the Philippine Economy

Posted in July 2009.

The economy of the Philippines is an anomaly in the Asia-Pacific region in that it has lagged behind other economies, such as those of Singapore, South Korea, and Taiwan. From a position as one of the wealthiest countries in Asia after World War II, the Philippines is now one of the poorest. Since the 1970s, which were a relatively prosperous decade, the Philippines has failed to achieve a sustained period of rapid economic growth and has suffered from recurring economic crises. This persistent underperformance has occurred in spite of the Philippines’ rich natural and human resources.
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Filipino Products Banned in the United States

In 2004,  the United States issued a list of 300 products from the Philippines that had failed to meet standards set by the Food and Drug Administration (FDA) and were therefore banned from entering the US.

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