Money
Honda offers 30% parts discount for cars hit by Carina, Habagat
Honda Cars Philippines, Inc. (HCPI) has announced a 30% discount on select parts that may have been damaged during Carina and the enhanced Habagat. The "Honda Helps" initiative was announced earlier this week. "A 30% discount will be offered for select spare parts for units damaged by the typhoon. This offer is available at all Honda Cars Dealers that receive inundated units until September 30, 2024. HCPI said the parts that are part of the...
MoneyEPIRA amendments should result in lower electricity prices — Gatchalian
Any amendment in the Arroyo-era Electric Power Industry Reform Act (EPIRA) should result in lower electricity prices for the benefit of consumers who continue to endure high electricity prices, Senator Sherwin Gatchalian said Saturday. "We need to be able to provide not just a steady and sufficient supply but also affordable energy for our consumers. Any amendment in the EPIRA law should be geared towards reducing the price of electricity," said...
MoneyPuyat family files complaint vs. ad agency over Gil Tulog campaign
The family of the late former Sen. Gil Puyat on Friday filed a complaint with the Ad Standards Council against Gigil Advertising Agency for its supposed Gil Tulog Avenue marketing campaign. Victor Puyat, son of the former Senate President, said in the letter-complaint that the agency violated the council’s Code of Ethics which provides “advertisements shall not directly or indirectly disparage, ridicule, criticize, or attack any natural or...
MoneyFuel prices to roll back next week
Motorists should expect a sigh of relief as pump prices are slated to be slashed in the coming week. “There would be a rollback on the prices of petroleum products based on the four-day trading in the Mean of Platts Singapore,” Department of Energy-Oil Industry Management Bureau Director III Rodela Romero said. The estimated price reductions are as follows: Gasoline - P0.70 to P0.95 per liter Diesel - P0.70 to P0.95 per liter Kerosene - P0.80 to...
MoneySSS: Calamity loans ready for Carina-hit members
The Social Security System (SSS) is ready to extend calamity loans to its members who have been affected by Super Typhoon Carina in the National Capital Region and in other areas that have been declared under a state of calamity. In a statement, SSS president and CEO Rolando Ledesma Macasaet said members in typhoon-stricken areas may borrow a loan equivalent to their one monthly salary credit or up to a maximum of P20,000. “SSS will always be...
MoneyCebu Pacific offers Cebu-Osaka flights with P1 promo fare
Budget carrier Cebu Pacific on Monday announced one-way promotional base fare of P1 for its flights between Cebu and Osaka, with operations scheduled to start on October 15, 2024. In an advisory, Cebu Pacific said the promotional fares — exclusive of fees and surcharges — will be available until July 31, 2024, covering flights from October 15, 2024 to March 31, 2025. The flights will be available four times weekly, every Tuesday, Thursday,...
MoneyWhat happened to Maharlika Fund?
Nearly a year since the country’s very first sovereign wealth fund was created, the state-owned firm running the Maharlika Investment Fund (MIF) has not made a single investment activity as it is still yet to establish its organizational structure and gather manpower. Maharlika Investment Corp. (MIC) president and CEO Rafael Consing had been saying that the sovereign wealth fund should make its first investment by the fourth quarter or before...
MoneyNFA: P30/kilo buying price of palay to stay
The National Food Authority (NFA) on Saturday said its buying price for palay will remain competitive to ensure local farmers will maximize their earnings. “Unless revised by the NFA Council, our ceiling price for clean and dry palay will stay at P30 a kilo,” said NFA administrator Larry Lacson. In mid-April this year, the NFA Council raised the buying price of palay to a range of P17-P30 per kilo from P16-P23 per kilo to help the agency compete...
MoneyPH banks hit by global Microsoft outage
Digital banking services of some major local banks were affected by a global tech outage, which disrupted banks, telecoms, and airlines worldwide. Philippines’ largest bank BDO Unibank said its systems are currently experiencing technical difficulties due to the Microsoft issue. “This may result in extended wait times at our branches and contact center, and delays in or unavailability of some functions in our digital channels,” BDO said. “Our...
MoneyDiesel, kerosene prices seen to roll back; gasoline may hike next week
Motorists should expect another round of reductions in the per liter prices of diesel and kerosene, while gasoline prices might go up next week. Citing oil trading in the past four days, Department of Energy-Oil Industry Management Bureau Director III Rodela Romero said that “mixed movements in the prices of petroleum products will be experienced next week, Tuesday.” Romero said there might be no adjustment or increase of P0.20 per liter for...
MoneyCredit card volumes in PH rose to 11.2M in 2023
Credit card market in the Philippines saw continued growth last year, according to a study by global information and insights company TransUnion. Citing its analysis, TransUnion said total outstanding credit card volumes in the country increased to 11.2 million cards as of the fourth quarter of 2023 from 9.3 million cards in the same period in 2022. The insights company added that, during the same period, credit card penetration rate —...
MoneyLabor groups to Marcos: Certify proposed P150 legislated wage as urgent
Labor groups on Monday called on President Ferdinand "Bongbong" Marcos Jr. to certify the proposed measures for a P150 increase in the minimum wage of private sector employees as urgent. The National Wage Coalition (NWC) made the call a week ahead of Marcos’ third State of the Nation Address (SONA) on July 22. “‘Yung mga panukalang batas natin na nakabinbin sa Kongreso, ‘yun na lang ang tanging pag-asa natin upang makadama ang ating manggagawa...
MoneyMeralco rates up in July
Households serviced by the Manila Electric Company (Meralco) will have to pay more for electricity this month, as the power distributor on Monday announced a hefty upward adjustment due to higher generation charges. In an advisory, Meralco said it will hike its rates by P2.1496 per kilowatt-hour (kWh) this month, bringing the overall rate for a typical household to P11.6012 per kWh from P9.4516 per kWh in June. This translates to an increase of...
MoneyPump price rollback set Tuesday
Motorists will get a slight reprieve this week, as oil firms on Monday announced a pump price rollback after four consecutive weeks of increases. In separate advisories, Chevron Philippines Inc. (Caltex), Petron Corp., Seaoil Philippines Corp. and Shell Pilipinas Corp. said they will lower prices per liter of gasoline by P0.60, diesel by P0.95, and kerosene by P1.15. Cleanfuel, Petro Gazz, PTT Philippines Corp., and Unioil Petroleum Philippines...
MoneyDigiPlus makes it to maiden Fortune Southeast Asia 500 list
Digital gaming and entertainment firm DigiPlus Interactive Corp., the company behind BingoPlus, is among the 38 Philippine companies that were included in the maiden Fortune Southeast Asia 500 list. In a statement, DigiPlus said it was included on the list as it posted an overall revenue valuation of $490.2 million and $73.4 million in profits. The digital gaming firm was ranked 482nd on the list. Fortune, a global multi-platform media company,...
MoneyGMA Network has the following job vacancies
GMA Network has the following job vacancies: ADMIN/SUPPPORT 1. Assistant Vice President, New Business Development 2. Corporate Strategic Planning Manager 3. Research Manager 4. Assistant Research Manager 5. Research Analyst (Mktg/Panel Monitoring/OTT Metrics & Corp Research Support) 6. Senior Research Analyst 7. Auditor (under Internal Audit Department) 8. Wardrobe and Costumes Clerk 9. Production Coordinator 2 TECHNICAL 10. Unit Head, Building...
Money