Table of Contents Foreword
i–3
Message of the EU Delegation
i–4
The ECCP
i–5
Message of the ECCP President
i–7
Board of Directors
i–8
ECCP Management & Staff
i – 12
ECCP Subsidiaries
i – 14
Annual Report 2008
i – 16
ECCP Services
i – 22
Philippine - Europe Business Relations
i – 23
Philippine - European Trade and Investments
i – 25
EU - RP Economic Cooperation
i – 28
Economic Indicators
i – 30
Members’ Profiles
i – 35
Indices
229
published by
EUROPEAN CHAMBER OF COMMERCE OF THE PHILIPPINES
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Head Office
Cebu Branch
Websites
19/F Philippine AXA Life Centre Sen. Gil Puyat Ave. cor. Tindalo St. Makati City, Metro Manila Tel: (632) 759-6680, 845-1324 Fax: (632) 759-6690, 845-1395 E-mail: info@eccp.com
3/F C. L. Center 14 Juana Osmeña St. Cebu City, Cebu Tel: (6332) 253-3389, 254-3765, 254-3767 Fax: (6332) 253-3387 E-mail: rpaloma@eccp.com
www.eccp.com www.fairsandmore.com.ph www.trainingworks.com.ph www.eitsc.com
EUROPEAN CHAMBER OF COMMERCE OF THE PHILIPPINES
Annual Report
ECCP Annual Report 2009 By Henry J. Schumacher THE BUSINESS ENVIRONMENT After the crash of the global financial markets and the following global economic crisis in 2008, the Philippine export industry had to adjust to substantially lower demand, reduce the labor force or at least reduce work-days and go through a period of down- and –rightsizing late in 2008 and the early part of 2009. While the first half of the year was still governed by uncertainties, it became obvious during the second half that Asia and the Philippines would be spared from the worst effects of the crises. Two developments helped the Philippines: 1. OFW deployment continued to rise and remittances – against all odds – continued to grow, leading to higher personal consumption; and 2. the BPO sector continued to expand, alhough at a lower pace.
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Man-made and natural desasters dominated the second half of 2009: s THE 0HILIPPINES WAS HIT BY A SERIES OF powerful typhoons that flooded large parts of Luzon and created damages well in excess of Pesos 200 billion; s THE REPUTATION OF THE COUNTRY DEEPLY suffered because of a politically-induced massacre of 57 people (including 30 journalists) in Maguinanao, being seen as an example of a fragile democracy, dominated by warlords and strong political families; s POLITICAL UNCERTAINTIES WERE FURTHER FUELED by the decision of outgoing President Macapagal Arroyo to seek election as Congress representative in the May 2010 elections, raising questions about the anticipated change in leadership next year;
s
THE MORE VOLATILE POLITICAL ENVIRONMENT ALSO THE MORE VOLATILE POLITICAL ENVIRONMENT ALSO led to arbitrary behavior of government in terms of price controls / price freezes of oil products and pharmaceuticals.
The government revised the growth target down twice, trusting that a recession could be avoided in 2009. Based on the effects of the global economic slowdown on exports and local and foreign investors and the damage of the typhoons on the local economy, it is unlikely that GDP growth will exceed 1% in 2009. On the demand side, which has in recent years been driven by consumption, in turn driven by the remittances of overseas workers, reaching the US$ 17 billion mark per annum, private consumption expanded well ahead of GDP growth – and will continue to do so. Exports, which are domi-
EUROPEAN CHAMBER OF COMMERCE OF THE PHILIPPINES
ECCP Services BE A MEMBER OF ECCP
14
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reasons why you should join the ECCP
1 2 3 4 5 6 7
Business support – Receive comprehensive and effective business support from industry and support committees and a team of dedicated government relations staff.
8
Business promotion – Promote your business to a targeted audience of senior business executives through the introduction of potential business partners, sponsorship of high-profile events, and promotion through the chamber’s publications and websites.
9
Trade fair participation – through its affiliate fairs&more, the chamber offers a wide range of trade fair services, from booth / pavilion design to stand construction, from marketing collaterals to pavilion management, from product selection to design support – in Asia, Europe, the Middle East and the United States.
10 11 12 13 14
Social & community activities – Enjoy high-quality social and sports events, organized and managed by the chamber, for members and third parties, including golf events, soccer tournaments, fashion shows or wine tasting.
Business advocacy – Take advantage of the chamber’s more than 30-year track record in successfully addressing business issues with the Philippine government – both national and local. Networking & business opportunities – Meet and exchange views with some 700 local and foreign senior business executives that are active in various business and social activities each year, in Manila and Cebu. Government relations – Interact with senior government officials of relevant departments at meetings, round tables, and social events. Relevant, up-to-date market information – Receive frequent updates and analysis on the business and regulatory environment through e-mail, eccp@work, and the Business Review. Alternative conflict resolutions – Make use of our network of partners in resolving disputes without going to court. Training – Attend tailor-fit seminars and training courses with world-renowned experts covering areas such as leadership, management, project management, negotiation and presentation skills, cross-culture communication, business continuity, soft skills, HR management, and quality management. We also provide local and international coaches.
Corporate Social Responsibility – Be part of the chamber’s CSR activities, from ‘English is Cool’ to ‘Retirement & Healthcare’, from OneFilipino.Net’ to the promotion of creative industries. European Chamber network – Tap into the expertise and experience of European Chambers and European Business Organizations in surrounding markets and around the world. Special member services – Make use of our special services in visa and work permit support through our close working relationship with the Bureau of Immigration. Consulting services – Consult with experts for advice concerning the selection of partners and on handling specific business issues vis-à-vis the government.
EUROPEAN CHAMBER OF COMMERCE OF THE PHILIPPINES
Philippine-European Trade & Investments PHILIPPINE TRADE - JANUARY TO MAY 2008 AND 2009 COUNTRY
EXPORTS
IMPORTS
Trade to European Union countries Netherlands Germany France Belgium Great Britain & Northern Ireland Italy Ireland Sweden Spain Finland Denmark Slovak Republic Czech Republic Hungary Austria Poland Greece Portugal Cyprus Romania Bulgaria Malta Slovenia Estonia Luxembourg Latvia Lithuania
2008 1,563,693,295 1,065,661,480 118,777,450 309,713,701 186,554,295 113,989,365 19,234,857 10,522,869 92,420,064 34,524,176 12,151,417 727,355 33,189,711 44,746,521 21,771,640 12,975,423 5,331,599 4,834,071 1,080,990 4,965,085 2,402,328 9,650,954 519,231 1,145,543 1,216,242 436,234 747,333
2009 1,251,562,333 847,509,255 89,205,631 161,701,600 98,620,505 91,078,373 12,383,222 7,151,966 30,501,703 20,800,568 11,000,103 240,145 12,760,322 26,308,124 10,577,619 9,748,282 4,006,919 1,974,176 965,960 1,765,137 1,178,068 2,059,437 605,169 578,495 71,372 454,071 363,331
% change -19.96% -20.47% -24.90% -47.79% -47.14% -20.10% -35.62% -32.03% -67.00% -39.75% -9.47% -66.98% -61.55% -41.21% -51.42% -24.87% -24.85% -59.16% -10.64% -64.45% -50.96% -78.66% 16.55% -49.50% -94.13% 4.09% -51.38%
2008 206,726,454 450,255,334 383,854,604 94,934,950 156,876,724 90,744,168 308,015,673 70,338,798 53,917,806 69,072,646 22,814,492 17,921,109 31,895,319 3,430,311 17,765,775 1,353,828 703,851 5,207,413 382,617 42,371 2,457,328 20,448 946,338 5,860 291,199 0 8,727
2009 103,570,516 306,323,364 192,588,014 75,655,564 80,177,862 82,075,053 80,401,077 72,607,994 42,623,988 29,730,208 32,930,048 40,760,089 26,014,254 5,142,523 9,090,309 3,012,872 319,694 1,174,694 1,546,863 733,995 885,098 2,201 389,099 43,563 453,926 1,648 52,279
% change -49.90% -31.97% -49.83% -20.31% -48.89% -9.55% -73.90% 3.23% -20.95% -56.96% 44.34% 127.44% -18.44% 49.91% -48.83% 122.54% -54.58% -77.44% 304.28% 1632.31% -63.98% -89.24% -58.88% 643.40% 55.88% 499.05%
Total for EU countries
3,672,983,229
2,695,171,886
-26.62%
1,989,984,143
1,188,306,831
-40.29%
Trade with Non European Union countries Switzerland 20,088,513 Turkey 22,177,427 Norway 5,168,820
17,204,554 11,009,854 3,428,812
-14.36% -50.36% -33.66%
122,138,077 9,968,413 16,532,001
94,670,460 15,201,677 9,500,129
-22.49% 52.50% -42.53%
Total for Non-EU countries
47,434,760
31,643,210
-33.29%
148,638,491
119,372,266
-19.69%
3,429,753,748 3,319,857,528 2,483,408,583 1,207,308,419 6,672,224,810
2,368,690,298 2,177,340,642 1,344,065,704 588,667,890 4,131,926,904
-28.65% -12.32% 11.33% -91.18% -60.42%
3,209,546,116 2,741,815,099 1,730,086,134 1,244,852,992 12,587,241,359
2,154,570,619 1,925,689,927 1,245,811,386 1,014,951,066 7,348,995,084
-32.87% -29.77% -27.99% -18.47% -41.62%
10,440,328,314
6,478,764,534
-60.42%
8,926,300,341
6,341,022,998
-41.62%
Total for Europe Trade with other countries US Japan China South Korea Others Total trade Source: Department of Trade and Industry
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EUROPEAN CHAMBER OF COMMERCE OF THE PHILIPPINES
F
Member’s Profile Membe
BACKGROUND Fairbright, Inc. was established in 1978 to market quality healthcare products. Since then, the company serves as exclusive distributor and service center of several manufacturers in Europe and the U.S.A. for hospitals in Metro Manila and other major cities in the Philippines.
F.F. INTERNATIONAL MFG. CORP. Jose Cruz cor. F. Legaspi St., Bo. Ugong 1604 Pasig City Tel: 671-9865 to 67 Fax: 671-2854 E-mail: geoffb@info.com.ph
NATIONALITY Filipino ACTIVITIES/SERVICES Trading, Biomedical supplies & equipment
Primary Representative Geoffrey M. Bradley General Manager geoffb@info.com.ph
PRODUCTS Medical Supplies & Equipment
OFFICERS Felipe F. Cruz, President; Angelita A. Cruz, Treasurer; Eric A. Cruz, Corporate Secretary
ASSOCIATIONS PCCI, ECCP
NATIONALITY Filipino
BANKS BPI
PRODUCTS Ladies Sleepwear, Daywear, Casual & Eveningwear, Loungewear
CATEGORY Associate A
FAIRS & MORE, INC.
AFFILIATIONS F.F. Cruz and Company Inc.
19F Philippine AXA Life Centre Sen. Gil Puyat Ave., Makati City, Metro Manila Tel: 759-6680 Fax: 759-6690 E-mail: info@fairsandmore.com Website: www.fairsandmore.com
BANKS China Banking Corporation, Metropolitan Bank & Trust Company, Union Bank of the Philippines, Bank of the Philippine Islands CATEGORY Associate A
Primary Representative Elaine Garcia-Gatchalian Director egarcia@fairsandmore.com
FAIRBRIGHT ENTERPRISES, INC. Suites LG-28-32, 146 Alfaro Place L.P. Leviste St., Salcedo Village, Makati City, Metro Manila Tel: 815-9331 to 32 Fax: 892-7362 E-mail: info@fairbright.com Website: www.fairbright.com Primary Representative Rodrigo T. Pepito President & Chief Executive Officer
OFFICERS Henry J. Schumacher, President & Chief Executive Officer Elaine Garcia-Gatchalian, Director; Roselu E. Paloma, Director; Wilbert Novero, Director
Alternate Representative Vera P. Acosta Marketing & Sales OFFICERS Rhoda I. Pepito, Vice President; R. Liza P. Caronongan, General Manager & Corporate Secretary; Vera P. Acosta, Sales & Marketing Manager
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Alternate Representative Roselu E. Paloma Director rpaloma@fairsandmore.com
In industries ranging from home accessories to IT, Fairs & More Inc. (FMI) turns these business events into business success. FMI offers the full range of marketing services to help companies reach their best prospects before, during, and after their events. FMI is committed to creating, organizing, managing, and nurturing events that deliver a measurable return on investment, both to the companies who take part in our events and the business executives who attend them. FMI is a one-stop event organizer and management company. It is a subsidiary of the European Chamber of Commerce of the Philippines (ECCP) and is part of an international network of Fairs & More companies. Fairs & More also works with partners to deliver its services - one of these partners is Lufthansa German Airlines. FMI conceptualizes and develop programs for sponsors/ exhibitors and visitors/delegates for the Philippine market to enhance the local conference and exhibition market. It manages events, e.g. ASEMEP National Technical Symposia, Philippine International Golf Show and the Philippine Semiconductors and Electronics Exhibition for clients such as industry associations (Semiconductors and Electronics Industries in the Philippines, Golf Distributors Association of the Philippines) or organizes exhibitions such as 5th International Food & Beverage Exposition jointly with partners such as TIME Foundation, the training institute of the Philippine Society of Mechanical Engineers - Manila Host Chapter. The increasingly important role of face-to-face marketing such as events and exhibitions prove that companies like Fairs & More provide a service that enables companies show products, attract old and new buyers, and - of course - see what the competition does. NATIONALITY Filipino ACTIVITIES/SERVICES Marketing Services (event management and organization; web development services; training, conferences and seminars) ASSOCIATIONS ECCP BANKS HSBC CATEGORY Associate B*
BACKGROUND For several years, there has been a growing demand in the Philippines for events to access new markets, to acquire new technologies or financial strength and to prepare for the opportunities the global economy offers.
EUROPEAN CHAMBER OF COMMERCE OF THE PHILIPPINES
Chamber Representative
A Marsielle B. Abaricio
Margot Abarquez Alessandro Abbate Grace Abella Preston Abernathy Preston Abernathy Edgardo Q. Abesamis Stephen Ray Abo Roberto E. Aboitiz Jill Abolins Eduardo C. Abores Hubert d’Aboville Roy Daniel Abraham Dante Abril Vera P. Acosta Danilo L Acuña Thomas Adam Lydia M. Advento Celso Advincula, Jr. Marie Afuang Miguel Carlos C. Aguas Theresa Angelica M. Ajero Carlo van den Akker Matthias Al-Amiry Amparo A. Alarilla
Amparo A. Alarilla
Ellen Alarilla
Danilo T. Alas Michael Jaey Albaña Marilyn D. Albelda Thomas Albrecht Frank Alby
ASSOCIATED SHIP MANAGEMENT SERVICES, INC. SAP PHILIPPINES TARGETTI PHILIPPINES INC. INTELINK BUSINESS SOLUTION CO. MAITLAND-SMITH CEBU, INC. MAITLAND-SMITH CEBU, INC. SUBIC BAY INTERNATIONAL TERMINAL CORP. MNSOURCE SOLUTION INC CONSULATE OF THE NETHERLANDS - CEBU COLLIERS INTERNATIONAL PHILIPPINES INC. CARMELRAY-JTCI CORPORATION PARIS-MANILA TECHNOLOGY CORP. CEBU CITY MARRIOTT HOTEL SYNGENTA PHILIPPINES INC. FAIRBRIGHT ENTERPRISES, INC. ISPL (PHIL) INC. PHARMPARTNERS, INC. B. BRAUN MEDICAL SUPPLIES, INC. HIVE MANUFACTURING CO., INC. DHL EXPRESS (PHILS.) CORP. MCCA INDUSTRIAL CORPORATION ROYAL CARGO COMBINED LOGISTICS, INC. NXP SEMICONDUCTORS THE PENINSULA MANILA BUSINESS PROCESS OUTSOURCING INTERNATIONAL, INC BUSINESS PROCESS OUTSOURCING INTERNATIONAL, INC ERICSSON TELECOMMUNICATIONS, INC. ALAS, OPLAS & CO., CPA’S SHANGRI-LA’S MACTAN ISLAND RESORT & SPA PIC ENTERPRISES, INC. BAUER FOUNDATIONS PHILS., INC. EMBASSY OF FRANCE
Arcadio C. Alegrado Leslie B. Alilio Lilu Alino Trixia Alix
Reiner Allgeier Roberto R. Almazora Lamberto C. Almeda Jr. Jose Rene D. Almendras Angelito A. Alvarez Javier Alvarez Armando E. Andaya Allan S. Anderson Atty. Mario V. Andres Felix R. Ang Dennis Milton Ang Caly D. Ang Vic Ang Clifford S. Ang Gina T. Ang Veronica Angeles Mabini L. Antonio Roy D. Antonio Irmina Apan Marian F. Aquino Randy Aquino Jojo Aquino Jorge B. Aquino Nora D. Aquino Michael R. Aquino Ruben E. Aquino Carmencita L. Aragon Sylvia W. Araneta Carlo S. Araw Carlo S. Araw Beverly Anne B. Arcangel Ma. Iris F. Arcenas Rosendo Urgello Arcenas
AUSTRIAN HONORARY CONSULATE GENERAL SUNLEY, INC. BIGFOOT GLOBAL SOLUTIONS INC. PH ISLAND TOURS & TRANSPORTATION SERVS. CO. SCHENKER PHILIPPINES, INC. MANILA ELECTRIC COMPANY (MERALCO) JUNNA INDUSTRIAL CORPORATION CEBU HOLDINGS, INC. AIRFREIGHT 2100, INC. OFICINA COMERCIAL DE LA EMBAJADA DE ESPAÑA SUPERIUS CORPORATION SCOBELL CONSULTING SERVICES INC. SIGUION-REYNA MONTECILLO & ONGSIAKO CATS MOTORS, INC. ABEEBA CORPORATION MULTI-WORLD RESOURCES, INC. MULTI-WORLD RESOURCES, INC. MULTI-WORLD RESOURCES, INC. VIRGINIA FOOD, INC. SODEXHO PASS, INC. NESTLÉ PHILIPPINES, INC. SAGITTARIUS MINES, INC DAKILA TRADING CORPORATION DEKOKRAFT, INC. BBDO / GUERRERO ORTEGA GEA GRASSO PHILIPPINES, INC. JAMECCA ENTERPRISES INC. PILIPINAS MAKRO, INC. U-FREIGHT PHILIPPINES, INC. RURU COURIER SYSTEMS, INC PHILIPPINE SOFTWARE INDUSTRY ASSOCIATION ELECTRICITE DE FRANCE GLENCORE FAR EAST PHILIPPINES AG GLENCORE FAR EAST PHILIPPINES AG ALL TRANSPORT NETWORK FERIMAR IMPORT-EXPORT, INC. FERIMAR IMPORT-EXPORT, INC.
Michael Arcilla Michael Arenas
WINE DEPOT LOGWIN AIR & OCEAN PHILS. INC Romie Areno ZI-ARGUS INDUSTRIAL AUTOMATION Niña Rochinni C. Armedilla BADIAN ISLAND RESORT & SPA John Arnaldo SAGITTARIUS MINES, INC Edward Arquero QUISUMBING TORRES LAW OFFICE Ben Arreola EDGEWORTH CORPORATION Bart A. Arrienda SHARP TRAVEL SERVICE Jack G. Arroyo Jr., MD AMERICAN EYE CENTER Aaron Lim Astor STANDARD CHARTERED BANK (CEBU BRANCH) Frances Asuncion ACCESS WORLDWIDE (AWWC) PHILIPPINES, INC Charlene G. Atazan NORWEGIAN PACIFIC MARITIME, INC. Marianito “Bong” Aumentado SDV (SCAC) PHILIPPINES, INC. - CEBU BRANCH Cora Ortega-Auste DUSIT THANI MANILA, PHILIPPINES Tito B. Avaricio BERNABE CONSTRUCTION & INDUSTRIAL CORP. (OF ASIA) Jose O. Avedillo MEGA DATA CORPORATION Raymond Azul TÜV RHEINLAND PHILIPPINES, INC Raymund Azurin ZUELLIG PHARMA CORPORATION
B Tetta Baad Henry G. Babiera
Edgar L. Babilonia Benjamin T. Bacorro
William D. Bailey Maki Balali Marcelino J. Balansag Julieta Balasi Rogie G. Balayon Carlos A. Baldago II
Roger M. Balicao Nelson Balilo
Rene Baloloy Gerilyn Baltan Luzviminda C. Balubal
PHILIPPINE-EUROPEAN BUSINESS DIRECTORY 2010
CEBU HOLDINGS, INC. PRIME ASIA TRADE PLANNERS & CONVENTION ORGANIZER INC. PLASTIC & TOOLS, INC ORTEGA, DEL CASTILLO, BACORRO, ODULIO, CALMA & CARBONEL ISLA LIPANA & CO./ ICEWATERHOUSECOOPERS EAST ASIA UTILITIES CORP. CP KELCO PHILIPPINES, INC. BALASI EXPORT THYSSENKRUPP AG EMBASSY OF THE KINGDOM OF THE NETHERLANDS BAG ELECTRONICS, INC. NEW WORLD HOTEL (FORMERLY RENAISSANCE HOTEL) CHRYSARA/ADORICA, INC. APC MGE CRITICAL POWER & COOLING SERVICES AGILITY INTERNATIONAL LOGISTICS INC.
231
Product Index
HSBC - CEBU
INDRA PHILIPPINES (FORMERLY SOLUZIONA PHILIPPINES)
ING BANK N.V.
ISLA LIPANA & CO./PRICEWATERHOUSECOOPERS
METROPOLITAN BANK & TRUST COMPANY - CEBU
ISLA LIPANA & CO./PRICEWATERHOUSECOOPERS - CEBU
APM AGRICOM, INC.
RIZAL COMMERCIAL BANKING CORPORATION
PERSONNEL MANAGEMENT ASSOCIATION OF THE
BAYER CROPSCIENCE, INC.
SOCIÉTÉ GÉNÉRALE CORPORATE AND INVESTMENT
Agricultural, Agricultural Products, Equipment & Services
EAST-WEST SEED COMPANY, INC.
BANKING
PHILIPPINES (PMAP) SYCIP, GORRES, VELAYO & CO.
EDWARD KELLER (PHILIPPINES), INC.
STANDARD CHARTERED BANK (CEBU BRANCH)
EURASIA-CONSULT
SWISS FINANCE & INVESTMENT CORPORATION
MONOPORT TRADERS INC.
UNION BANK OF THE PHILIPPINES
Business Associations ADFIAP
PROFOOD INTERNATIONAL CORPORATION RUDOLF LIETZ, INC.
Beverages
SUNNYWOOD SUPERFOODS CORP. TOEPFER INTERNATIONAL ASIA PTE LTD.
COMPAÑIA DE FILIPINAS
WERDENBERG INTERNATIONAL CORPORATION
FIRMENICH (PHILIPPINES), INC.
PHILIPPINE SOFTWARE INDUSTRY ASSOCIATION THE MAKATI BUSINESS CLUB, INC. TOWER CLUB, INC.
JARDINE MATHESON GROUP OF COMPANIES
Call Center Services
LE CELLIER QUALITY STORE CORPORATION
Air Transport Services
MULTI-WORLD RESOURCES, INC.
SYKES ASIA INC.
AIR-FRANCE-KLM
PROFOOD INTERNATIONAL CORPORATION
AIRBUS
SOMMELIER SELECTION INC.
AIRFREIGHT 2100, INC.
UNILEVER PHILIPPINES, INC.
ASIAN TIGERS LANE MOVING & STORAGE
WERDENBERG INTERNATIONAL CORPORATION
ASIAN TIGERS LANE MOVING & STORAGE-CEBU
EUROCOPTER PHILIPPINES, INC
WINE DEPOT
DHL SUPPLY CHAIN PHILIPPINES, INC.
Cargo & Freight Forwarding Services
HAVI LOGISTICS PHILIPPINES INC.
LUFTHANSA GERMAN AIRLINES LUFTHANSA TECHNIK PHILIPPINES
Building & Waste Management
INTERNATIONAL HEAVY TRUCKS CORP.
QATAR AIRWAYS INC.
CITYNEON PHILS. INC
MAERSK GLOBAL FLEET SUPPORT
ROYAL CARGO COMBINED LOGISTICS, INC.
DURACARE CARPET UPHOLSTERY AND DRAPERY
ROYAL CARGO COMBINED LOGISTICS, INC.
UTI (GLOBAL LOGISTICS), INC. VIRGIN ATLANTIC (INTERPACIFIC TRANSIT INC.)
CLEANING SPECIALIST
UTS GOETZ MOVING & STORAGE, INC.
MONDO VENTURES INC. PRISMODIAL CONSTRUCTION
Automotive Services Banking & Finance
Building Maintenance
Cargo, Freight & Logistics Services AGILITY INTERNATIONAL LOGISTICS INC. AGS FOUR WINDS INTERNATIONAL MOVERS
ABN AMRO BANK
Business Advisors/Financial Consultants
AIRLINE EXCHANGE RESOURCES ONLINE, INC.
BANK OF AMERICA, N.A.
A. SORIANO CORPORATION
ALL TRANSPORT NETWORK
BDO, INC.
ALFM EURO BOND FUND, INC.
ASIAN TIGERS LANE MOVING & STORAGE
BNP PARIBAS
ALTUS TRANSACTIONAL SERVICES, INC.
BLACKHOLE INTEGRATED PHIL-US, INC.
CALYON CREDIT AGRICOLE CIB MANILA OFFSHORE
AMALGAMATED INVESTMENT BANCORPORATION
BRIDGE WORLDWIDE RELOCATIONS
ASEA BROWN BOVERI, INC.
C. F. SHARP SHIPPING AGENCIES, INC.
CESAR O. VIRTUSIO
CIBI INFORMATION, INC.
CAREPAK MOVING & STORAGE
FINACORE TECHNOLOGY FINANCE
CYMPLE BUSINESS SOLUTIONS INTERNATIONAL INC
CROWN WORLDWIDE MOVERS, INC.
HSBC
FIRST PHILIPPINE HOLDINGS CORPORATION
DHL GLOBAL FORWARDING (PHILS.), INC.
BRANCH
PHILIPPINE-EUROPEAN BUSINESS DIRECTORY 2010
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