“Bank on It”

CITIBANK Philippines told me my checks were only good in Citibank Philippines.  I cannot deposit it to any of my other bank accounts to transfer funds.  I have to go to my Citibank home branch or ATM.  

The minimum amount for the Citibank Everyday Checking account is 1,000,000 pesos.  Nice name for the account, “Everyday Checking Account.”  My guess (because I don’t have the original docs) is that four years ago the only minimum balance was 100,000 pesos.  

Hold on though, back then I could cash a Citi Everyday Check in the USA.  That’s worth the 100,000…

Read more: “Bank on It”

NEDA approves P 171-B worth of projects
NEDA Director-general Ernesto Pernia

THE National Economic and Development Authority (NEDA) Board has recently approved nine big ticket projects worth around P171.14 billion aimed at improving basic services encompassing transport, health and agricultural sectors.

Among the high ticket projects include the Metro Manila Bus Rapid Transit (BRT) project of the Department of Transportation (DOTr) which was given P37.8 billion to be completed within the next three years.

The project aims to provide alternative mass transit in Metro Manila by establishing a BRT system within an EDSA route of 48.6 kilometers covering Monumento up to Diosdado Macapagal Avenue/Roxas Boulevard, with…

Read more: NEDA approves P 171-B worth of projects

Andanar Hits Bigtime

One industry sector where consumers’ abuse is rampant is on communications. Did not realize this until lately when one of our trainees (on the job training) from PUP asked me if he can write about prepayments in cell phone load getting captured or forfeited by Globe and Smart and other carriers after expiry date.

I am no techie so I was briefed on how carriers rob their customers. It’s appalling that billionaires take the trouble of robbing centavos if not few pesos from students and worse the poor.

When one buys a load, he deposits sum of money with the…

Read more: Andanar Hits Bigtime

Solons caution DOF on excise tax hike

SOME lawmakers are convinced that the plan of the Department of Finance to hike excise tax on fuel products will hit consumers hardest prompting them to express their reservations on the proposal.

Surigao del Sur Rep. Prospero Pichay and Bayan Muna party-list Rep. Carlos Zarate said the proposal would certainly raise the excise tax for fuel products to up to P10 per liter which they said would affect the poor the severely.

Under the DOF’s proposal, excise tax on gasoline and related fuel products will be raised from P4.35 to P10 per liter diesel and the other essentials from P0…

Read more: Solons caution DOF on excise tax hike

The Press and the Presidency

FIRST, I want to say that I like the changes being made by President Duterte.

Secondly, I am not being paid for this article. He is actually doing what the people have voted him to do. To place the nation first and foremost.

That means surnames, colonial ties, and family business connections always take second place

I downloaded his press tirade about how the Philippines is not a colony anymore. I agree with him. He must do what was expected of him by the people of the Philippines.

With all that said, will someone please send President Duterte to a…

Read more: The Press and the Presidency

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