Archive for the ‘Pricing’ 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

BIR to check on companies’ year-end inventories

Here’s one last attempt of the Bureau of Internal Revenue (BIR) to catch up of companies trying to pull a fast one on the revenue agency.
BIR field personnel will be going out and check the warehouses of companies to verify their year-inventories viz-a-viz their submitted year-end declaration.
Revenue Memorandum Order No. 40-2009 was issued by BIR [...]

December 28, 2009  Tags: , , , , ,   Posted in: Announcement, Corporations, Government, Law, Philippine business news, Philippines, Pricing, Products, Taxation, economy, finance, money  No Comments

Peso closed at 15-month high – 46 to $1

Peso closed at its highest for the last 15 months. Last Fridays dealing ended with the Philippine peso at a level of P46 to $1, in a 15-month record high attributed specifically to the influx of remittances for overseas Filipino workers.
Not surprisingly, because of the holiday season, we can expect more Filipinos overseas to send [...]

December 4, 2009  Tags: , , , , ,   Posted in: Foreign exchange, OFWs, Philippines, Pricing, banking, economy, finance, money  No Comments

Oil price increase starts after lifting of EO 839

A day after Executive Order 839 has been lifted by President Arroyo, independent oil players has taken the lead and started raising their pump prices Monday.
Unioil Petroleum, Flying V, Eastern Petroleum Corp , and Phoenix Petroleum were the first to fire the first salvo of increases. Unioil Petroleum increased by P1.50 per liter all its [...]

November 18, 2009  Tags: , , , , ,   Posted in: Announcement, Corporations, Philippine business news, Philippines, Pricing, Products, economy  One Comment

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