Category: Business

EastWest signs RMB business accord with Bank of China Manila branch

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EastWest Bank-Bank of China sign deal. At the signing ceremony were (from left) EastWest treasury group head and SVP Manuel Goseco, EastWest president and CEO Antonio C. Moncupa, Jr., Bank of China Manila Branch general manager Deng Jun and Bank of China Manila Branch assistant general manager Lin Sheng Qiang.

EastWest Bank, one of the fastest growing banks in the country today, recently signed a Renminbi (RMB) business agreement with Bank of China Manila Branch at the EastWest Corporate Center in Bonifacio Global City. Under this agreement, Bank of China shall act as the clearing bank which will service the RMB notes requirements of EastWest.

The EastWest Renminbi Savings Account allows its holders to trade with parties who conduct their businesses in RMB, eliminating exposure to foreign exchange fluctuations. EastWest currently offers its RMB savings account in five branch stores: 168 Mall, Baclaran, Binondo, Del Monte and in its flagship branch store – The Beaufort. Rimini is the currency of the People’s Republic of China consisting of yuan.

EastWest opened its doors to the public on August 1, 1994. The bank is a subsidiary of the Filinvest Development Corporation (FDC), the publicly listed holding company of the Filinvest Group that evolved from a consumer business founded by Andrew L. Gotianun, Sr. in 1955. FDC is one of the country’s premier conglomerates, with business interests in real estate, banking, sugar, hospitality and tourism, and power-generation. Through the years, EastWest Bank has successfully capitalized on the financial strength and synergy from the business organizations under the Filinvest Group. As it continues to register strong business performance, EastWest remains committed in making good things happen for its clients.

Concepcion-Carrier combines function and energy savings in new aircon lineup

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The summer heat is proving to take its toll not only on our comfort, but our energy consumption as well. With many consumers’ electric bills skyrocketing, Concepcion-Carrier Air Conditioning Company (CCAC) is offering tools to help them cool down and keep electricity costs down as well.

CCAC’s new lineup of cooling solutions addresses the need to lower electricity consumption without having to sacrifice comfort. And with its air conditioning units that combine modern function, energy savings and green features, consumers won’t need to worry about next month’s electricity bills.

CCAC’s roster of cooling solutions includes the Carrier Optima Window Room Air Conditioner, which gives the lowest electricity cost versus other non-inverters based on rated power input; the Carrier XPower 2 high wall inverter that gives as much as 53% savings versus other inverters; and the Carrier iCool, the air-conditioner with an exclusive 8-in-1 filter, making it 8x more powerful against bacteria, dust, pollution, viruses, and allergens.

The hot summer months ahead spell sky high electricity costs, but the Carrier Optima WRAC promises the lowest electricity consumption and big annual savings.

Low Electricity Cost

The secret to the Carrier Optima Window Room Air Conditioner lies under the hood. Its powerful yet energy efficient compressor and additional cooling coils allow the Carrier Optima to deliver the lowest electricity consumption. It also consumes the least power consumption compared to other air conditioner brands in the non-inverter air con category, based on stringent tests done in the CCAC facility. The Carrier Optima also reached the highest energy efficient ratio (EER) for the window room air conditioner category, with the Carrier Optima 0.75HP capacity reaching a high EER of 12.1.

The Carrier XPower 2 comes with a new grille and gives as much as 53% more energy savings than other inverter brands.

Energy Savings at its Finest

Another cooling solution in CCAC’s roster of air conditioners is the Carrier XPower 2. It comes with a stylish new grille and same guarantee of energy efficiency. Lab tests show that the Carrier XPower 2 gives as much as 53% more energy savings with a monthly cost to run of about P1,027 for eight hours of continuous cooling based on test conditions.[1]

The Carrier iCool’s 8-in-1 filter system, coupled with Vitamin C and gingko extract, make it perfect for consumers who are conscious of their overall health and well-being.

The Healthy Cooling Choice

For consumers who like to keep tabs on their overall health and well-being, the Carrier iCool is the coolest and healthiest air cooling solution available in the market. It comes with an exclusive 8-in-1 filter system that blocks dust, pollution, viruses and allergens. What’s more, the Carrier iCool has an added dose of Vitaminc C and gingko extract to make sure you’re breathing only the healthiest air in your living space.

With the company’s range of cooling solutions, Concepcion-Carrier puts a premium in producing energy efficient cooling solutions that helps you save on costs and lessen your carbon footprint. And with this lineup for 2013, you can enjoy both energy savings and exceptional cooling right in your own home.

EastWest receives Wells Fargo’s Straight Through Processing (STP) Award Fast, safe payment transactions earn accolades from prestigious US bank

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EastWest president and CEO, Antonio Moncupa Jr. receives the STP award from Wells Fargo Bank N.A SVP & Country Manager Imelda Capistrano. Also present during the awarding are, from left, Wells Fargo Bank N.A.VP & Relationship Manager Ma. Luisa Dadia, EastWest FVP & Bank Operations Group Head Vilma Noche, SVP & Treasury Group Head Manuel Goseco, EastWest Correspondent Banking Officer Editha San Jose, EastWest Fund Transfer Officer Faye Dumaoang, EastWest International Services Head Joy Soliongco, EastWest Store Quality Control Department Head Jacob Foja and Wells Fargo Bank N.A. GFI Relationship Associate Rommel Salcedo.

EastWest Bank’s efficient formatting, speed of payment and safe transfer procedures did not go unnoticed by Wells Fargo, one of the largest and oldest banks in the United States, bestowing EastWest the Straight Through Processing (STP) award for its exceptional delivery of commercial payments and remittances.

STP is a fully-automated payment processing system without any manual intervention from the correspondent bank, in this case, Wells Fargo, as payments coursed through EastWest were well-formatted upon release. Customers benefit from such efficiency since payment transfers coursed through the correspondent bank (Wells Fargo) by EastWest to the partner banks are safe, and arrive at their destination faster than manual operation.

EastWest is one of the fastest growing banks in the industry over the last six years. Along with expansion of its store network, which is now at 264, EastWest complements its effort to provide customer convenience with continuous operational efficiency improvements.

Wells Fargo provides banking, insurance, investments, mortgage and consumer and commercial finance through more than 9,000 stores, over 12,000ATMs, the internet (wellsfargo.com), withoffices in more than 35 countries.

Growing number of accolades

EastWest continuous expansion and operational improvements to the benefit of its valuable customers have received prestigious recognitions. The recent STP award is just among the increasing number of accolades the bank has received from international institutions. In the early part of 2012 EastWest was recognized by The Asian Banker, a highly-credible multinational publication, as the number six strongest bank in the Philippines. In late last year, the Morgan Stanley Capital International, Inc., a leading provider of investment support tools trusted worldwide, included EastWest in its Global Small Cap Indices list.

EastWest opened its doors to the public on August 1, 1994. The bank is a subsidiary of the Filinvest Development Corporation (FDC), the publicly listed holding company of the Filinvest Group that evolved from a consumer business founded by Andrew L. Gotianun, Sr. in 1955. FDC is one of the country’s premier conglomerates, with business interests in real estate, banking, sugar, hospitality and tourism, and power-generation. Through the years, EastWest Bank has successfully capitalized on the financial strength and synergy from the business organizations under the Filinvest Group. As it continues to register strong business performance, EastWest remains committed in making good things happen for its clients.

FedEx recognized by Junior Achievement Philippines for support in youth education program

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FedEx managing director for the Philippines and Indonesia, Rhicke Jennings, holds the Plaque of Recognition given by Junior Achievement Philippines, Inc. (JAPI) for supporting the FedEx/Junior Achievement International Trade Challenge (ITC). With him are (l-r) JAPI Executive Director Krishna Alejandrino and JAPI President Luis Ignacio Lopa.

FedEx Express, a subsidiary of FedEx Corp.  and the world’s largest express transportation company, recently received a Plaque of Recognition from Junior Achievement Philippines, Inc. (JAPI) during the 44th Grand JAPI Awards ceremony on April 9. FedEx was recognized for its sponsorship of the FedEx/Junior Achievement International Trade Challenge (ITC), the youth education program jointly conducted by the two organizations annually.

The Grand JAPI Awards Night is an annual event held at the end of each school year to recognize JAPI member schools and partners for their outstanding performance and contributions.

An advocate of education programs for the youth, FedEx entered into a sponsorship agreement with Junior Achievement Worldwide™ in 2007. Since then, FedEx has supported the JA ITC program that aims to educate students in Asia Pacific countries about how entrepreneurship can improve the quality of their lives and the communities they live in. After implementing the joint FedEx/JA program in 11 Asian markets, the program was expanded in 2009 to include the Philippines.

FedEx managing director for the Philippines and Indonesia Rhicke Jennings, delivers his acceptance message after receiving the Plaque of Recognition from JAPI for supporting the FedEx/Junior Achievement International Trade Challenge (ITC), the youth entrepreneurship program jointly conducted by the two organizations annually.

About FedEx Express
FedEx Express is the world’s largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee.

About FedEx Corp.
FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $44 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.

Score the best deals with your Citibank credit card at the 20th Travel Tour Expo

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Get a head start on your summer travel plans by visiting the much-awaited 20th Travel Tour Expo on February 15 to 17, 2013 at the SMX Convention Center at SM Mall of Asia.

Take advantage of huge discounts, special package rates and exclusive freebies offered by over 200 participating companies. Use Citibank Credit Cards to pay for your flights and travel packages and enjoy longer, lighter payments with the PayLite Installment Plan offered at select travel agencies, hotels and resorts. For Citibank PremierMiles cardholders, you can conveniently use your miles to purchase airline tickets and travel packages at the Rajah Travel & Tours and Cebu Pacific booths, available only during the Travel Tour Expo.

Don’t have a Citibank Credit Card yet? Apply for one at the 20th Travel Tour Expo.  Take advantage of a generous offer to get an Android tablet for free with an approved application for your first Citibank card and Ready Credit with minimum spend required. Choose from an array of world class credit card products including the Citibank PremierMiles Card – the best travel card that gives you the best earn rate of 1 PremierMile for every P30 spend (Platinum card), the best conversion rate of 1:1 with any of our 50 airline partners, complimentary access to the VIP lounge at MIASCOR in NAIA Terminal 1 and comprehensive travel insurance. Then avail of Ready Credit, a no-collateral loan facility which gives you a credit line that you can use for any purpose.

The 20th Travel Tour Expo is organized by the Philippine Travel Agencies Association featuring over 200 exhibitors offering huge discounts, special package rates and exclusive freebies only available during the three-day event. Exhibitors are composed of local and international airline companies, travel agencies, cruise operators, domestic tour operators, government agencies, embassies, national tourism organizations, hotels and resorts, international tour operators and travel shops. Citibank is the official credit card partner of the 20th Travel Tour Expo.

With the theme “Gateway to Getaways,” the 20th Travel Tour Expo is open to the public from 10:00 a.m. to 9:00 p.m. on Friday and Saturday, February 15 to 16, and from 10:00 a.m. to 7:00 p.m. on Sunday, February 17, for a minimal entrance fee of