Philippine President Gloria Macapagal Arroyo signed into law Wednesday the amendments to the charter of the Philippine Deposit Insurance Corp. to raise the insurance coverage of bank deposits from 250,000 pesos (US$182,88) to 500,000 pesos (US$36,577). President Arroyo said the amendments to the charter... (more...)

The Great PAL seat sale is back.  Although this promo for booking ends today, the reason for this blog is to muse over the outrageous conditions a customer has to go through to finally book a successful flight.  Booking with errors even opens up a new pandora's box. What can I say, you... (more...)

Let's hope that the contagion does not spread, but since the World Health Organization recently raised the threat level of this swine virus to alert level 4, it is better to be prepared. There is no denying that this flu epidemic that is spreading fast across this globe will affect economies worldwide... (more...)

Flight season must be slow come June, as both Cebu Pac and PAL simultaneously come out with travel seat sales. Based on this website's hits on travel related articles, I would have to confirm that the peak season for booking so far has been the early February season. Cebu Pacific (CEB) is once... (more...)

  Out: PCOR Petron, UBP Union BankIN: AP Aboitiz Power and GMA7 GMA Network. It is noted that Petron was already out from the index last year, and was only re-included last November due to volume created by the interest in Ashmore's tender offer of petron shares. MANILA, April 18 (PNA) —... (more...)

Bloomberg reports that the Philippine peso had its biggest weekly loss in two months on concern a widening budget deficit will erode confidence in the nation’s assets. The currency yesterday reached a seven-week low versus the dollar after the government on April 22 said it had a first- quarter... (more...)

6 People Who Sold Their Sites and Their Stories (From an emailed article) by Quiet Light Brokerage Every week we talk to website owners who are absolutely stunned as to how much they could make if they put their website up for sale. What most website owners do not realize is that there are buyers who... (more...)

1. American International Group Fortune 500 rank: 245 Loss: $99.3 billion   No surprise here: The New York-based insurance company that spawned an out-of-control London derivatives dealership is now a $170 billion (and counting) headache for the American taxpayer. The bulk of the losses came from... (more...)