With online social network getting more popular these days, leading mobile communication giant Smart Communications offered a new product that will allow prepaid subscribers to update their social network accounts like Friendster, Twitter and Facebook, in its new all-in-one load bundle.
The new service from, which is called Smart Buddy’s AllTxt Combo Plus, is a perfect [...]

The senior citizens in the country will enjoy additional discounts starting on July 6, 2010. That is because the Department of Social Works and Development (DSWD) has signed the implementing rules on the law granting senior citizens exemption from the value-added tax (VAT).
The guideline signed by the DSWD is the implementing rules and regulations of [...]

Good news for residential clients of Manila Water Co., Inc. They can expect a lower water bill starting July 1, 2010 and this is mainly due to the appreciation of peso against the US dollar. The company said, it its disclosure to the Philippine Stock Exchange (PSE), they were able to reduce the foreign currency [...]

To help educate the consumers, a program called Integrated Consumer Education Program will be launched by the Department of Trade and Industry on May 31. The program aims to increase public awareness on the need to be properly informed of their rights and for them to be involved as consumers.
The Integrated Consumer Education is a [...]

Smart Communications launched recently a new service which was aimed to provide mobile communications to Filipinos who still do not have cellular phone. The new service called the Talk ‘N Text Barangay Phone, is being offered through a wireless telephone set powered by a Talk ‘N Text SIM card. It allows users to call any [...]

A lower fees in their remittances will be enjoyed by overseas Filipino workers (OFWs) and their beneficiaries starting on the third quarter of the year. According to the Bangko Sentral ng Pilipinas (BSP), this will materialize once the the Philippine Payments and Settlements System (Philpass) Remit System becomes fully operational.
Remittances sent through the Philpass Remit [...]

A new ruling on the issuance of gift certificates (GCs) might be issued by the Department of Trade and Industry (DTI) soon. If the DTI will have its way, it wants GCs to have no expiration dates. It is expected to come out with the decision on the matter next month.
The issuers of gift certificates [...]

Cebu Pacific was able to break passenger loads for April. The country’s low-fare airline flew 903,118 passengers for the previous month, which broke its own record of its best performing month, which was March 2010 with 857,041 passengers. To celebrate this, CEB announced a seat sale to select domestic and all international destinations from May [...]

The Cebu Pacific (CEB) Airline is investing on 22 new aircraft as part of the $1.4 billion expansion over a five-year period, in anticipation of a 50 percent increase in the number of passengers in 2013.CEB president Lance Gokongwei said the 22 brand-new Airbus 320 aircraft will be delivered from 2010 until 2014. These are [...]

SkyCable has approved its budget of P1 billion for this year’s capital expenditures. The country’s leading cable television service provider will use it capex funds to expand its current subscriber base and also to develop technologies that will fight signal piracy.
ABS-CBN Broadcasting Corp. chief financial officer Rolando Valdueza said the network giant’s cable TV subsidiary’s [...]

More than P6.6 billion has been allotted by the Maynilad Water Services Inc. for its capital expenditures for 2010. The water company aims to improve its service coverage and service levers in its concession area. For this, the company is earmarking at least P1.7 billion from its capex funds.
Around P700 million has been set for [...]

Davao was to have been experiencing power shortage, but this is expected to ease up once the establishment of a new hydropower plant will be finished. The hydropower plant project, which will utilize Tamugan River, will be undertaken by the Aboitiz-owned Hedcor Inc.
The company was able to forge a compromise agreement with the Davao City [...]

Aside from running after big, private companies, the Bureau of Internal Revenue is now after government agencies that do not pay their taxes. This is all in line with the revenue agency’s effort to meet its collection target of P830 billion in 2010.
BIR Commissioner Joel L. Tan-Torres said that they are determining the total amount [...]

Mediaquest Holdings Inc. is allotting around P700 million for its capital expenditure this year. The media unit of Philippine Long Distance Telephone Co. is earmarking the said amount for its satellite TV business year to increase its subscriber base to 200,000.
At the end of 2009, Cignal Digital TV, Mediaquest’s direct-to-home satellite television has 45,000 subscribers [...]

At the Diosdado Macapagal International Airport (DMIA), the construction of the P308-million expansion of the existing terminal is in full blast and it is expected to be operation next month. According to Victor Jose Luciano, president and chief executive officer of Clark International Airport Corp. (CIAC), the newly expanded Terminal 1 will feature two passenger [...]

There will not be any price increase on the cement, at least none until the end of March. This was the promise made by Holcim Philippines who said that they will not be increasing their price in Metro Manila in order to help those who were hit by the typhoons which devastated the country late [...]

Bibingkinitan! has embarked on an aggressive campaign to expand its number of outlets this year. The fast-rising Filipino food chain is aiming to open up about 100 new outlets all over the country, to bring its total number of stores to at least 250 by the end of 2010.
Richard V. Sanz, president and chief executive [...]

The Globe Telecom’s mobile commerce subsidiary G-Xchange (GXI) request of using its parent’s sub-distribution as GCash outlets has been approved by the Bangko Sentral ng Pilipinas (BSP), which brings the number of GCash remittance outlets to over 18,000 making it the largest remittance network in the Philippines.

The SM Group announced recently that they will be opening up to 20 new stores in Metro Manila and surrounding provinces this year for their food retail unit. The company said it will be investing P1 billion to P2 billion for these projects.

Minority Leader Aquilino Q. Pimentel, Jr. filed Senate Bill 3966 which is aimed in amending the Insurance Code in the Philippines. Pimentel believe that insurance firms should be compulsorily required to indemnify owner of motor vehicles that have been damaged or destroyed by floods, landslides, earthquakes, and other natural disasters.