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11 May

Despite summer heat, Meralco cuts rate

Listed Manila Electric Co. (Meralco) said electricity bills for May will be reduced by 70 centavos per kilowatt hour (kWh) or P140 for an average household with a consumption of 200 kilowatt hours (kWh).

11 May

EastWest reports 32% profit jump for first quarter

EastWest Banking Corp. reported a 32-percent jump in net income in the first quarter to P600 million from P456 million a year ago, driven by strong growth in recurring revenue base. The bank’s total assets increased by 20 percent to P184.7 billion from P153.8 billion in the same period last year.

11 May

Globe’s UAE partnership to cut OFWs’ call costs

Globe Telecom recently launched a co-branded service with du, the Middle East’s fastest growing telecommunications company that’s based in the United Arab Emirates(UAE). With approximately 7.3 million mobile subscribers, the Kabayan offer of du allows their prepaid mobile subscribers to call Globe and TM for 20 percent less than the cost of calls to other networks in the Philippines.

11 May

Onerous tax turns away gold sellers

By Jerry Maglunog Gold holdings are important as it is one of the components of gross international reserves (GIR), the money spent by a country’s central bank to sustain importation expenses and pay maturing debts.

11 May

Power Mac Center joins Phl Fashion Week runways

Power Mac Center is turning to the runways of Philippine Fashion Week in unveiling its fashion-forward mobile and digital lifestyle accessories in the Philippines. As the style leader and tastemaker in consumer electronics, Power Mac Center has announced its partnership with the fashion event’s organizers in an unprecedented move to bring technology and fashion to the forefront of style and …

11 May

Miss Philippines-Earth still going strong on its 15th year

No other national pageant has proven that a beauty competition can act as an effective platform to push for significant reform in attitude and action. For the last 15 years, the Miss Philippines-Earth pageant has provided a stage where responsible beauty queens are crowned and the mission to promote a sustainable environment can be accomplished, even if one is wearing …

11 May

Brownies for my bunny

Question No. 1: Greetings, Chef Mom. My family loves brownies. They are our go-to dessert and snack for all occasions. I know brownies are one of the easiest things to make, but how come mine come out dry and crumbly? We want our brownies fudgy and moist.—Maricar Toledo of Valenzuela City.

7 May

It’s curtains up (up and away) for ‘Kung Paano Ako Naging Leading Lady’

Story and photos by Alvin I. Dacanay / Special to The Market Monitor website Today, Kung Paano Ako Naging Leading Lady: The Musical, the expanded version of ZsaZsa Zaturnnah graphic novelist Carlo Vergara’s one-act play that was first mounted, to much acclaim, at the ninth edition of the Virgin Labfest, begins its month-long run at the Peta (Philippine Educational Theater Association) Theater …

4 May

Cargo firm, multinational linkup in smuggling bared

By Luis Leoncio The unholy alliance between a huge freight/cargo forwarding firm and a multinational tobacco company has been defrauding the government of billions of pesos in taxes, but despite documents detailing the collusion, the government has not lifted a finger to stop it, Deputy Speaker Sergio Apostol has told The Market Monitor in an interview.

4 May

Aquino successor to face tough tax tack, says Diokno

A paradox awaits the next administration: How to raise more money to fund government programs while heeding the public clamor to make the tax system equitable by lowering individual income-tax rates? Former Budget Secretary Banjamin Diokno, now a faculty member of the University of the Philippines (UP) School of Economics, said the “harsh reality” is that the next administration would …

TimeLine Layout

May, 2015