Archive for the ‘Pricing’ Category
Prices of LPG went up on Holy Wednesday
Prices of LPG went up on Holy Wednesday. Starting Wednesday, prices of liquefied petroleum gas (LPG) have gone up by P1/kilo or P11 per 11-kg tank after the recent fuel price hike by some oil firms. The LPG Marketers’ Association (LPGMA) said the price increase was due to the $45/metric ton increase in contract prices [...]
April 20, 2011
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Tags: Consumers, Filipino sacrifices, Holy Wednesday, LPG, LPGMA, oil price hike, prices · Posted in: Announcement, Consumers, Customer Service, economy, finance, Government, money, Philippine business news, Philippines, Pricing, Products
Chevron cuts oil prices a day after increasing them
A day after increasing prices, oil giant Chevron Philippines rolled back prices of its oil products effective noon of Wednesday, April 20, 2011. At 12 noon, Chevron (formerly Caltex) slashed prices of unleaded gasoline by P0.60 per liter, diesel by P0.25 per liter, kerosene by P0.40 liter and regular gasoline by P0.70 per liter. The [...]
April 20, 2011
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Tags: Chevron, Department of Energy, DOE, gasoline prices, oil players, Petron, price rollback, Seaoil, Shell, world oil prices · Posted in: Announcement, Consumers, Corporations, economy, Foreign exchange, Government, marketing, money, Philippine business news, Philippines, Pricing, Transportation
PAL reduced airfares for Filipino evacuees from Japan
Flag carrier Philippine Airlines (PAL) slashed its fares by more than 30 percent to help Filipinos whom the Japanese authorities are forcing to evacuate from the leaking nuclear reactors at the Fukushima Prefecture. The discounted airfare will be for inbound flights from Narita, Japan. The new rate will be $335 from $500, for one-way trips [...]
April 19, 2011
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Tags: air travel, airfare, discounted airfare, Filipino, flag carrier, Japan, Lucio Tan, OFW, PAL, Philippine Airlines, promotion, reduced ticket price, travel · Posted in: Announcement, Customer Service, finance, Foreign exchange, Government, money, OFWs, People, Philippines, Pricing, Products, promotions, Transportation, Travel
BPI wins bidding for smartcards
The Bank of the Philippine Islands (BPI) has won the bidding by the Department of Energy (DOE) for the production of the smartcards for the “Pantawid Pasada” program of the government. The DOE said BPI topped four other bidders through a bidding done by the DOE’s Bids and Awards Committee. The memorandum of agreement (MOA) [...]
April 18, 2011
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Tags: bank, BPI, business news, Department of Energy, drivers, fuel subsidy, Pantawid Pasada, Philippines, public transporation, PUJs, PUVs, smartcard, transportatin · Posted in: Announcement, banking, Consumers, economy, finance, Government, innovation, money, Philippine banks, Philippines, Pricing, Products, Transportation
Increased Skyway toll fee effective April 26
The new toll rates at the Metro Manila Skyway and its at-grade section will be implemented by the Toll Regulatory Board (TRB) on April 26 and not on April 25 as earlier announced. According to TRB spokesman Julius Corpuz, the board decided to delay the toll rate increase by one day in consideration of motorists [...]
April 16, 2011
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Tags: increased toll fee, skyway, slex, toll fee, TRB · Posted in: Announcement, Consumers, economy, finance, franchise, money, Philippine business news, Pricing, Transportation
Oil companies raised prices of gasoline and diesel anew
Even before the “Pantawid Pasada” or the fuel subsidy could be implemented, another round of price increase has been slapped in the face of Filipinos by major oil players in the company. The price of diesel and gasoline were increased by P1.50 to P1.75 a liter and kerosene by P1.40 a liter. Companies who were [...]
April 12, 2011
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Tags: Chevron, diesel, fuel subsidy, gasoline, kerosene, oil price deregulations, oil price hike, oil prices, Pantawid Pasada, price increase, Shell, smartcard, Total · Posted in: Announcement, Consumers, economy, finance, money, Philippine business news, Philippines, Poverty, Pricing, Products, Transportation
Johnson & Johnson fined by US authorities for bribing doctors
The 5th largest company in the US in terms of market capitalization, Johnson & Johnson, was fined $70 million by the US authorities for bribing doctors in Europe and paying kickbacks for contracts under a UN relief program in Iraq. The US Department of Justice and Securities and Exchange Commission said that since 1998, the [...]
April 10, 2011
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Tags: $70 million fine, bribery, Department of Justice, Johnson & Johnson, middle east, Oil for Food Program, Saddam Hussein, SEC · Posted in: finance, Government, International relations, Law, Medicine, money, Pricing, Products, World News
Oil firms reduced gasoline price by P1 a liter
Finally! A relief for motorists this week as oil firms rolled back prices of gasoline by P1 per litter, after a series of successive price hikes. Eastern Petroleum Corp. (EPC) was first to announced its plan reduced the price of gasoline which started today. Unioil, likewise, rolled back its price on quantum, unleaded and regular [...]
March 20, 2011
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Tags: business news, gasoline price, independent oil players, oil firms, oil prices, Philippines, price rollback, rollback, world oil demand · Posted in: Announcement, Consumers, economy, finance, money, Philippine business news, Pricing, Products
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 [...]
February 7, 2010
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Tags: Consumers, El Niño, electric bill, electricity, Meralco, Philippines, power rates increase, utilities · Posted in: Announcement, Consumers, Customer Service, economy, money, Philippines, Poverty, Pricing, Products
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 [...]
December 28, 2009
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Tags: BIR, businesses, entrepreneur, Government, Philippines, taxes · Posted in: Announcement, Corporations, economy, finance, Government, Law, money, Philippine business news, Philippines, Pricing, Products, Taxation
