Philippine Business Bank, also known as PBB and formerly known as Total Savings Bank, is a medium-sized savings bank in the Philippines. Founded in 1997 and based in Caloocan City, PBB has twenty-seven branches throughout Metro Manila and the provinces of Bulacan and Rizal, with intentions to expand into the neighboring provinces of Pampanga and Cavite, as well as other areas in Metro Manila. The bank's main clientele are small and medium businesses, a reason why it is based in its current location.
PBB is a part of the AMY Group, a conglomerate of companies owned by Alfredo Yao, the owner of the Zest-O line of fruit juices and majority owner of Asian Spirit, the Philippines' fourth-largest airline.
The Philippine Economy
The Philippines is the world's 12th most populous country, with an estimated population of about 92 million people. Its national economy is the 47th largest in the world, with an estimated 2008 gross domestic product (GDP nominal) of over US$ 168.6 billion (nominal). It is estimated that there are about 11 million overseas Filipinos worldwide, equivalent to about 11% of the total population of the Philippines.
The Philippines is a newly industrialized country, with an economy anchored on agriculture but with substantial contributions from manufacturing, mining, remittances from overseas Filipinos, and service industries such as tourism, and business process outsourcing. It is also listed in the roster of the "Next Eleven" economies.
In a bid to further strengthen the economy, President Gloria Macapagal-Arroyo pledged to turn the country into a developed country by 2020. As part of this goal, she instituted five economic "super regions" to concentrate on the economic strengths of various regions, as well as the implementation of tax reforms, continued privatization of state assets, and the building-up of infrastructure in various areas of the nation.
The Philippine economy is heavily reliant on remittances as a source of foreign currency, surpassing foreign direct investment. China, and India have emerged as major economic competitors, siphoning away investors who would otherwise have invested their businesses, particularly telecommunication companies. Regional development is also somewhat uneven, with Luzon, and Metro Manila in particular gaining most of the new economic growth at the expense of the other regions, although the government has taken steps to distribute economic growth by promoting investment in other areas of the country.
The Philippines is a newly industrialized country, with an economy anchored on agriculture but with substantial contributions from manufacturing, mining, remittances from overseas Filipinos, and service industries such as tourism, and business process outsourcing. It is also listed in the roster of the "Next Eleven" economies.
In a bid to further strengthen the economy, President Gloria Macapagal-Arroyo pledged to turn the country into a developed country by 2020. As part of this goal, she instituted five economic "super regions" to concentrate on the economic strengths of various regions, as well as the implementation of tax reforms, continued privatization of state assets, and the building-up of infrastructure in various areas of the nation.
The Philippine economy is heavily reliant on remittances as a source of foreign currency, surpassing foreign direct investment. China, and India have emerged as major economic competitors, siphoning away investors who would otherwise have invested their businesses, particularly telecommunication companies. Regional development is also somewhat uneven, with Luzon, and Metro Manila in particular gaining most of the new economic growth at the expense of the other regions, although the government has taken steps to distribute economic growth by promoting investment in other areas of the country.
Privacy Policy
We respect your privacy and we are committed to safeguarding your privacy while online at our site http://philippinebusinesses.blogspot.com. The following discloses the information gathering and dissemination practices for this Web site.
Log Files
Like most standard Web site servers we use log files. This includes internet protocol (IP) addresses, browser type, internet service provider (ISP), referring/exit pages, platform type, date/time stamp, and number of clicks to analyze trends, administer the site, track user’s movement in the aggregate, and gather broad demographic information for aggregate use. IP addresses, etc. are not linked to personally identifiable information.
Cookies
A cookie is a piece of data stored on the user’s computer tied to information about the user. Our site don’t use cookies. However, Some of our business partners use cookies on our site (for example, advertisers). However, we have no access to or control over these cookies, once we have given permission for them to set cookies for advertising. If you wish to disable cookies, you may do so through your individual browser options.
Links
This Web site contains links to other sites. Please be aware that we are not responsible for the privacy practices of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of each and every Web site that collects personally identifiable information. This privacy statement applies solely to information collected by this Web site.
Advertisers
We use outside ad companies to display ads on this site. These ads may contain cookies and/or web beacons to collect data in the ad serving process and are collected by our ad companies, and we do not have access to this information. We work with the ad companies: Google Adsense. Google, as a third party vendor, uses cookies to serve ads on this site. Google's use of the DART cookie enables it to serve ads to our users based on their visit to this site and other sites on the Internet. Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy. Please check their websites for respective privacy policies.
Contact Information
If users have any questions or suggestions regarding our privacy policy, please contact us at: e[dot]richest[dot]man[at]gmail[dot]com
Log Files
Like most standard Web site servers we use log files. This includes internet protocol (IP) addresses, browser type, internet service provider (ISP), referring/exit pages, platform type, date/time stamp, and number of clicks to analyze trends, administer the site, track user’s movement in the aggregate, and gather broad demographic information for aggregate use. IP addresses, etc. are not linked to personally identifiable information.
Cookies
A cookie is a piece of data stored on the user’s computer tied to information about the user. Our site don’t use cookies. However, Some of our business partners use cookies on our site (for example, advertisers). However, we have no access to or control over these cookies, once we have given permission for them to set cookies for advertising. If you wish to disable cookies, you may do so through your individual browser options.
Links
This Web site contains links to other sites. Please be aware that we are not responsible for the privacy practices of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of each and every Web site that collects personally identifiable information. This privacy statement applies solely to information collected by this Web site.
Advertisers
We use outside ad companies to display ads on this site. These ads may contain cookies and/or web beacons to collect data in the ad serving process and are collected by our ad companies, and we do not have access to this information. We work with the ad companies: Google Adsense. Google, as a third party vendor, uses cookies to serve ads on this site. Google's use of the DART cookie enables it to serve ads to our users based on their visit to this site and other sites on the Internet. Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy. Please check their websites for respective privacy policies.
Contact Information
If users have any questions or suggestions regarding our privacy policy, please contact us at: e[dot]richest[dot]man[at]gmail[dot]com
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