Wednesday, May 15Multi-awarded Filipina blogger, ocial media specialist, publicist and content creator
Shadow

Tag: business news

Sen. Chiz Escudero wants to put ceiling on credit card interest rates

Consumer, Government, Headline, Mindanaoan Update, News, Politics
Usurious interest rates slapped by credit card companies should be regulated to protect consumers from unconscionable hidden charges, Senator Chiz Escudero said. In Senate Bill No. 166 (SBN 166), Escudero seeks to put a ceiling on interest rates and surcharges imposed by credit card companies and prohibit hidden charges that further burden plastic card holders. “While credit cards are deemed as relief for consumers during bad times, woes begin when card companies levy interests and charges which are usually unknown to the users that eventually saddle them with more debts. We want to put a stop to the hidden charges which catch consumers unaware,” Escudero explained. SBN 166 puts a cap of 1 percent per month or 12 percent per annum on the interest rates that credit card companies c...

Will Davao have its own airline soon?

Business, Davao City, Mindanaoan Update, Tourism, Travel
I've been receiving buzz from various businessmen around Mindanao and in Manila that Davao City is supposedly set to have its "own airline" very soon. By own airline, I reckon they mean an entire fleet with "Davao" in its name somewhere and that it will serve as Davao City's very own answer to Cebu Pacific Air and Philippine Airlines. I asked a few well-placed personalities in Davao if they've heard of this and most of them did confirm that there are "movements" on this plan. If ever this will push through, this will definitely give Mindanao travel and tourism a big boost. I wonder, though, if the planes of this alleged fleet are as small as those of Mindanao Express' (Beechcraft 1900C)? Or if the planes are basically those of Mindanao Express' and then they'd just change the name? Is t...
error: Content is protected !!