bank of the philippine islands

BPI Housing Loan – special rates promo

I’m currently browsing the web and talking to various bank managers to get more information necessary to update our 2011 article on Housing Loan interest rates in the Philippines. I want to come up with a comprehensive list of interest rates for housing loans in the Philippines for the year 2012.

Since I don’t have the complete information yet, I’ll just post what I got from each individual bank regarding their housing loan offerings. I was recently informed by a branch manager of the Bank of the Philippine Islands (BPI) that they are offering low interest rates in celebration of the bank’s 161st anniversary. Here are the details.

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2012 PSE index (PSEi): Cebu Pacific out, Petron in

Those holding Cebu Pacific (CEB) stocks are probably wondering what’s causing the stock to plummet during the past trading days. In just one week, the stock price of budget airline Cebu Pacific has declined by 9.3%, closing at P61.40 in last Friday’s (August 24) trading.

It’s actually been a losing battle for CEB stockholders since the company’s hyped initial public offering (IPO) in 2010. On its first trading day on the Philippine Stock Exchange (PSE) in October 2010, Cebu Pacific rose to P133.00 from its IPO price of P125.00. Unfortunately, the stock has not recovered from that all-time high price. It even ended the year 2011 at half the price, closing at P64.80 on the last trading day.

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Franchising: a great wealth-builder

More and more Filipinos are turning to entrepreneurship to grow their wealth. According to the Philippine Franchise Association (PFA), the franchise industry has shown an outstanding growth—from 50 franchises in the 1990s to over a thousand today.

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Plan your finances during the 8-day Christmas break

Filipinos will have at least 8-days holiday after the government officially declared December 25 until January 1 special working and regular holidays. (Actually, some people are planning a 12-day holiday by not going to work during the “sandwich” days.)

The last banking day of the year then is on December 24 while the next banking day is on January 2, 2009. During the long holiday, make sure you plan your finances. Otherwise, you might end up cash-strapped because ATMs might go offline or might have no more available cash.

Here are tips from BPI how to plan and manage your finances during the long Christmas holiday.

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Ayala Corp’s “Class A” Preferred Shares

Ayala Corporation, the country’s largest conglomerate, will be issuing a total of 12 million preferred “Class A “shares for P500 each. Proceeds from the issue will be used to fund the company’s investments in business process outsourcing (BPO) and overseas real estate projects.

Unlike owners of common shares, preferred stockholders do not have voting rights but are the first to get paid in case a company is liquidated.

Ayala Corp (Stock Code: AC)‘s Preferred Shares will pay a fixed dividend rate of 8.88% per annum. Minimum subscription is 100 shares and succeeding placements must be in multiples of 20 shares.

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