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index-January-2007-2.html English News Blog for  Philippines News Blog January Archive 

Citigroup will acquire Egg Banking from Prudential

By Crissy at 01/29/07 17:37

Citigroup Inc has entered into a binding agreement to acquire Egg Banking Plc, which is a subsidiary of Egg Plc and Prudential Plc, for US$1.1 billion. In addition, Prudential Plc will become the provider to Citigroup to distribute life insurance products to customers in Thailand, Indonesia, and the Philippines.

Original source: Baystreet.ca. [404 Check: was link to http:/ / www. mergerstat. com/ baystreet3. asp?ID=165019&s=&i=, anchor: Citigroup Inc agreed to acquire Egg Banking Plc from Prudential Plc]

Citigroup will acquire Egg Banking from Prudential

Citigroup Inc has entered into a binding agreement to acquire Egg Banking Plc, which is a subsidiary of Egg Plc and Prudential Plc, for US$1.1 billion. In addition, Prudential Plc will become the provider to Citigroup to distribute life insurance products to customers in Thailand, Indonesia, and the Philippines.

Original source: Baystreet.ca. [404 Check: was link to http:/ / www. mergerstat. com/ baystreet3. asp?ID=165019&s=&i=, anchor: Citigroup Inc agreed to acquire Egg Banking Plc from Prudential Plc]

Natural disasters takes 2,511 Filipinos in 2006

2006 saw its share of natural disasters with floods and storms being the most frequent. The U.N. International Strategy for Disaster Reduction reported that there were 21,796 disaster–related deaths worldwide in 2006, which was down from the 92,000 who died in 2005 because of the Asian tsunami. In the Philippines 1,399 people died in December due to Typhoon Durian, another 1,112 people were killed earlier in the year because of a landslide on the archipelago.

Original source: Cay Compass. Floods, storms plagued 2006

Natural disasters takes 2,511 Filipinos in 2006

2006 saw its share of natural disasters with floods and storms being the most frequent. The U.N. International Strategy for Disaster Reduction reported that there were 21,796 disaster–related deaths worldwide in 2006, which was down from the 92,000 who died in 2005 because of the Asian tsunami. In the Philippines 1,399 people died in December due to Typhoon Durian, another 1,112 people were killed earlier in the year because of a landslide on the archipelago.

Original source: Cay Compass. Floods, storms plagued 2006

Mobile phones used for more than communicating

Cells phones are the primary phones for most emerging economies. It's no longer seen as a luxury item and instead as a basic means of communication. In the Philippines more than 4 million people are using their cell phones as even more than communication devices. They're using them as "virtual wallets" something that's a rarity in many wealthy nations.

Original source: CNN. [404 Check: was link to http:/ / www. cnn. com/ 2007/ TECH/ ptech/ 01/ 29/ cell. phone. revolution. ap, anchor: Cell phones play vital role in developing world]

Mobile phones used for more than communicating

Cells phones are the primary phones for most emerging economies. It's no longer seen as a luxury item and instead as a basic means of communication. In the Philippines more than 4 million people are using their cell phones as even more than communication devices. They're using them as "virtual wallets" something that's a rarity in many wealthy nations.

Original source: CNN. [404 Check: was link to http:/ / www. cnn. com/ 2007/ TECH/ ptech/ 01/ 29/ cell. phone. revolution. ap, anchor: Cell phones play vital role in developing world]

Cell phone banking

US$26 million program to deliver banking through new technology to poor countries around the world. Cell phone use has seen tremendous growth even in poor countries. Cell phone banking is taking off in the Philippines already.

Original source: World Bank Group. Push for High Tech Microfinance Part of a Development Trend

Cell phone banking

US$26 million program to deliver banking through new technology to poor countries around the world. Cell phone use has seen tremendous growth even in poor countries. Cell phone banking is taking off in the Philippines already.

Original source: World Bank Group. Push for High Tech Microfinance Part of a Development Trend

Children's choir touring US

Children of the World international children’s choir, is made up of disadvantaged and orphaned children from India, Uganda, Brazil and the Philippines. The choir is on a ten month tour of the United states singing songs in English and native dialects as well as giving testimonies.

Original source: News-Leader.com. [404 Check: was link to http:/ / www. news -leader. com/ apps/ pbcs. dll/ article?AID=/ 20070129/ BREAKING01/ 70129025, anchor: International choir of children from poor countries set for Springfield performance]

Children's choir touring US

Children of the World international children’s choir, is made up of disadvantaged and orphaned children from India, Uganda, Brazil and the Philippines. The choir is on a ten month tour of the United states singing songs in English and native dialects as well as giving testimonies.

Original source: News-Leader.com. [404 Check: was link to http:/ / www. news -leader. com/ apps/ pbcs. dll/ article?AID=/ 20070129/ BREAKING01/ 70129025, anchor: International choir of children from poor countries set for Springfield performance]