What are Exchange Traded Funds? Simply speaking, Exchange Traded Funds or ETFs are an open-end investment fund which tracks a basket of assets and traded … Read More
An article entitled “HSBC Bank on Verge of Collapse: Second Major Banking Crash Imminent” is currently making its rounds on social media, causing several people to panic and leading some users to ask whether they should start withdrawing their money from HSBC.
A few days ago, I drove by a Petron outlet to gas up and noticed a poster advertising San Miguel Corporation (SMC)‘s public offering of its “Series 2” Preferred Shares. There’s nothing illegal about the advertisement. SMC is a primary stockholder of Petron Corp. and they can advertise anything in any of their Petron branches.
Be informed: it is unlawful to charge or be charged two prices — a Cash Price and a Credit Card Price — for the same product.
Department of Trade and Industry (DTI) Undersecretary Zenaida Maglaya, in an interview with ABS-CBN’s Mornings@ANC, issued a reminder to establishments that the law forbids the imposition of additional charges on items purchased through credit cards.
Based on Article 81 of Republic Act 7394 (“Consumer Act of the Philippines”), goods and services must not be sold at a higher price that what is stated and without discrimination to all buyers.
For the past few months, HSBC has been running a promotional campaign to push their credit cards to the market.
From February 1 to May 31, for example, they are giving away a free Kenneth Cole Reaction Wallet and Key Fob to qualified individuals who apply for an HSBC credit card.
Previously they offered free Mango and Timex and Dunlop watches.
