The proposal to convert the Talisay public market into a mall yesterday met opposition from some of its vendors and owners of small establishments.

Instead, some of them suggested yesterday that the mall be constructed in another area of Talisay.

They expressed fears of possible displacement, citing the expected increase in rental rates, among others during a dialog at the Talisay City Hall, initiated by the PPP Center of the Philippines, that is providing technical assistance to the local city in the development and promotion of tourism.

$15 billion expected in
gains from BPOs

MANILA - The Philippines expects to boost its revenues from call centers to nearly $15 billion by 2016, sustaining its three-year lead over rival India, industry leaders said yesterday.

The archipelago, which already hosts global giants Accenture, Convergys, IBM, NTT Docomo and Hinduja, is attracting more and more likeminded companies, Contact Center Association of the Philippines head Benedict Hernandez said.

"The reality is we have established ourselves as the pre-eminent brand in call centers," he said at the sidelines of an industry conference.

Bidding for EIB on track: PDIC

MANILA – The Philippine Deposit Insurance Corp. announced yesterday that preparations for the bidding to rehabilitate the closed Export and Industry Bank is on track.

The PDIC said that the bidding for the bank’s rehabilitation is on Oct. 18, 2012, at the PDIC Office in Ayala Avenue, Makati City.

The state insurer launched the rehabilitation process after strategic third party investors expressed interest to rehabilitate EIB.

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