Archive for the ‘Consumers’ Category

Meralco hikes rates anew

The Manila Electric Company (Meralco) will be implementing around round of power rate increase this month. Meralco hikes rates by P0.56 a kilowatt, and the company said the power rate increase was due to the higher cost of power it buys from independent producers and the electricity spot market.
Meralco first vice president Ivana de la [...]

February 7, 2010  Tags: , , , , , , ,   Posted in: Announcement, Consumers, Customer Service, Philippines, Poverty, Pricing, Products, economy, money  No Comments

BancNet members reached 59 in 2009

The number of members in BancNet has reached 59 at the end of 2009.
Last year, BancNet welcomed into its roster 10 new members, these are: Philippine National Bank (PNB), Equicom Savings Bank, Maybank Philippines, China Bank Savings, Wealth Bank, Entrepreneur Bank, Optimum Development Bank, Rural Bank of Dulag, Gubat St. Anthonry Cooperative and News Multi-Purpose [...]

February 2, 2010  Tags: , , , , , , ,   Posted in: Announcement, Consumers, Philippine banks, Products, banking, communications, e-commerce, economy, finance, innovation, money  No Comments

Proposed commercial complex in Benguet

A commercial complex, which will cover around 3,910 square meters, will be built in Benguet’s public market area.
The proposed mall in Benguet is expected to further alter this town’s landscape from a flower and strawberry producing economy to a fast urbanizing capital.
Town mayor Artemio Galwan believes that the Benguet mall would enhance the town’s revenue [...]

January 31, 2010  Tags: , , , ,   Posted in: Announcement, Consumers, Corporations, Government, Philippine business news, Philippines, economy, investments  No Comments

Senate Bill 3966, makes insurance firms pay for fortuitous events

Last year, at the onslaught of tropical storms Ondoy and Pepeng, many motor vehicles were swept and inundated by floods and landslides, rendering them inoperable and in many cases, beyond repair.
Car owners who filed claims from their insurance companies for their losses were met with the ‘acts of God’ clause in insurance policy, which frees [...]

January 22, 2010   Posted in: Announcement, Consumers, Customer Service, Government, Law, Philippine business news, Philippines, Products, economy  No Comments

Banks to open during holidays

Gone were the days when the public are left on their own during long holidays, as far as their finances and banking matters are concern. This time, some banks would be open during the holidays to attend to their clients’ needs.
Banks also assured the public that their automated teller machines (ATMs) would remain operational during [...]

December 24, 2009  Tags: , , , , , ,   Posted in: Announcement, Consumers, Customer Service, Philippine Holidays, Philippine banks, Philippine business news, Philippines, banking, finance, money  No Comments

Globe gives OFW families cheaper means to communicate

Now, families who have love ones working overseas can now call reach to them in a more affordable rate. That is because Globe Telecom brings down international call and text rates.
The lower rates from Globe is the companies commitment to help local residents get more chance to spend more talk time with their families and [...]

November 28, 2009  Tags: , , , , , ,   Posted in: Announcement, Consumers, Corporations, Customer Service, OFWs, Philippine business news, communications, money, promotions  One Comment

iRemit to provide remittance services to OFWs in Europe

The largest Filipino-owned non-bank remittance company has further widen its customer base of overseas Filipino workers (OFWs).
iRemit was able to secure license to do business in Europe.
The remittance company stated in its disclosure to the Philippine Stock Exchange advising them of the registration of iRemit Europe in the general list of financial intermediaries as a [...]

November 26, 2009  Tags: , , , , , , ,   Posted in: Announcement, Consumers, Corporations, Customer Service, OFWs, Philippine business news, Philippines, e-commerce, economy, finance, money  No Comments

Higher electric bills for November

Last October, the Manila Electric Company announced a power rate cut which was good news to its consumers. This month however, Meralco said consumers should expect an increased electricity bills. The higher electric bill for November, according to Meralco was due to the hike in the cost powers supplied by power generation companies.
The electric company [...]

November 6, 2009  Tags: , , , , , ,   Posted in: Announcement, Consumers, Philippine business news, Philippines, Pricing  No Comments

Meralco announced power rate cuts, rotates brownouts schedule

It was definitely good news to customers of the Manila Electric Co. as Meralco announced that they will give another power rate cut this October.
Meralco customers will get lower bills this month as the power company reduced its rate by 11.55 centavos per kWh this October. This was made possible said Meralco vice president and [...]

October 8, 2009  Tags: , , , , , , , , , , , ,   Posted in: Announcement, Consumers, Corporations, Customer Service, Philippine business news, Philippines  One Comment

Lower housing loan rates from SSS

To help Filipinos whose homes were damaged by the recent onslaught of tropical storm Ondoy last , SSS reduced loan rates for home repairs and improvements.
The reduced rates for SSS is now at 9%, from a previous 13% per annum. The maximum amount of loan that can be availed is P300,000 and payable up to [...]

October 2, 2009  Tags: , , , , , , ,   Posted in: Announcement, Consumers, Government, Housing, Philippine business news, Philippines, economy, finance, money  No Comments