The bid for the 3rd telco is finally on its last leg. Mislatel Consortium earlier this week gained the license to operate as a telco, breaking the country's long running doupoly. Mislatel will call their telco service "Dito".

On the evening of July 8, 2019, President Rodrigo Duterte awarded Mislatel its the Certificate of Public Convenience and Necessity (CPCN) at a ceremony in Malacañang.

Mislatel consortium’s spokesperson Adel Tamano told reporters that Dito will start accepting subscribers by 2020. While he refused to give an exact date he has a lot of confidence of the said launch.

The first thing that the newly announced 3rd telco will be rolling out is their 4G network which is said to be a better version of the ones operating in the Philippines to date. It will be a 4G VOLTE or Voice Over LTE which will allow for high definition voice calls while staying connected to the internet.

When asked about Mislatel's promise to provide a 5G connection, Tamano said that they're "very confident.”

“We’re not rolling out 2G. We’re not rolling out 3G. We’re rolling out 4G VOLTE. But it’s ready for 5G,” he added.

[Source]

The post 3rd Telco “Dito” To Open Their Doors To Subscribers By 2020 appeared first on iMoney.ph.

Expect to see more Initial Public Offerings (IPO) in the second half of the year if the stock market maintains its current level at 8,000.

The benchmark Philippine stock exchange index (PSEi) ended near the 8,000 mark in the first half of 2019 at 7,999.71, up 7.15 percent from the 7,193.68 in the same period last year. On Friday, the PSEi closed at 8,117.94, a 0.66 percent rise or 53.02 points higher than the previous trading day.

Philstocks Financial Inc. research analyst and engagement officer Piper Tan told reporters that companies are still on a wait and see stance when it comes to launching their IPOs, taking the performance of the economy into consideration.

According to Tan, those with intentions to go into IPO are AirAsia, Big Chill and Cal-Comp.
The Big Chill Inc. said last month that it is just waiting for the right timing. They also added that they are just waiting for the infusion of Tullys Coffee Asia Pacific into the company before proceeding with the IPO.

In May this, AirAsia Group CEO Tony Fernandes said the company is targeting to launch the IPO of its Philippine unit this year, driven by the improving performance of the company. AirAsia planned to raise as much as $250 million through an IPO in 2018, proceeds of which would be used for the firm’s expansion. However, due to the impact of high fuel prices and weaker Philippines peso, their IPO plans last year was deferred.

Consumer electronics manufacturer Cal-Comp Technology (Philippines) also deferred its P6.77 billion IPO last year due to volatile market conditions. However, they have announced earlier this year that they plan to proceed with the IPO in the third quarter.

Philstocks said it projects the PSEi to reach the 8,500 mark by year-end, driven by slowing inflation and more accommodative government policies.

Philstocks Financial Inc. senior research analyst Japhet Tantiangco told reporters that their assumption that the PSEi would reach 8,500 is first based upon the continuous decline of inflation. Since June, inflation eased to 2.7 percent the lowest since September 2017 according to the Philippine Statistics Authority.

The new inflation estimated by Philstocks this year is only 2.5 to 3 percent, way lower than their earlier 4.5 percent to 5.5 percent projection.

Titiangco added that the loose monetary and fiscal policy will drive or boost aggregate spending, which will boost corporate margins.  He also noted that corporate margins are projected to grow by10 to 15 percent this year.

Another factor that will propel the PSEi upward is the strengthening of the peso against the dollar, according to another analyst.

Despite the easing inflation, the economy is still facing challenges. Philstocks attributed those challenges to the uncertainties in oil prices in light of prevailing geopolitical tensions and a choppy global economy.

[Source]

The post More IPOs Expected Throughout The Second Half Of 2019 appeared first on iMoney.ph.

The Manila Electric Co. (Meralco) will be having another round of rate reduction this July, which is at 10.68 centavos per kilowatt-hour (kWh). This is going to be the third straight month of their rate reduction and it is due to the lower costs from independent producers (IPPs) that offset higher prices at the spot market.

Mercaldo said in a statement that the price cut would mean a decrease in the July bill of about PHP21 for a typical residential customer using 200 kWh in a month. From 10.918 per kWh in the June billing period, the overall charge went down to PHP9.9850 in July billing period. 

Meralco said the cost of electricity sourced through power supply agreements was still “stable,” with an increase of 4.14 centavos per kWh and representing 50.5 percent of the company’s supply this month. 

There was also an increase of PHP1.8794 per kWh in the cost of electricity from the Wholesale Electricity Spot Market, which provided 8 percent of Meralco’s supply. 

Meralco added there was also a 7.88 centavo per kWh reduction in the transmission charge for residential customers while taxes and other charges went down by 3.49 centavos per kWh.

[Source]

The post Another Round Of Rate Reduction From Meralco This July appeared first on iMoney.ph.

The worst thing that people who live along coastlines can do is not to prepare for tropical storms and hurricanes. The Philippines, with over 7,000 islands, and over 36,000 kilometers of coastline, 74% of the population, and 80% of the land area are vulnerable to disaster, with the capital of Manila considered at “extreme risk”.

Not to mention the fact that it is located in the middle of the world's most volatile region for typhoons, the nation has a lot of experience coping with severe winds, flooding and storm surges. An average of 20 tropical storms enters the country every year, and it surpasses all other disasters in terms of the number of fatalities, affected citizens, and economic damage at 58% along with related flooding at 25% and landslides at six percent.

Now that the rainy season is upon us again, it is important to prepare for the worst to protect our homes and finances from potential disasters. It would be fortunate if the next typhoon season will just bring moderate winds and a bit of rain, but more often than not, typhoons can be destructive and dangerous. To avoid being caught unprepared, here are some tips on how to get ready and be financially prepared for the worst this typhoon season.

Get your emergency kit and supplies ready

Apart from stocking up on food and water, which should be good for at least five days per person as recommended by the Red Cross; one should also have an emergency kit consisting of a first aid kit and medicine supply for at least seven days, battery powered radio with extra batteries, flashlight and batteries, whistle to signal for help, local maps, and cash in small bills if the ATMs are bogged down.

Worst comes to worst, you should also put together a file that you can grab quickly if evacuated, this should include important financial and personal records, emergency contacts, updated home inventory, and extra keys.

Storm-proof your home

Get your home ready by catching up on those repairs that you’ve put off during the summer in time for the rains. This includes removing leaves and other debris from your gutters, which can clog them and send water pouring down the side of your house or under the roof. And check for cracks that could let water into your house. Inspect your roof and make sure that there are no damages and that the vents are all sealed so wind-driven rain won’t enter your home. If there are any trees near your house, it is about time to trim them. Flying branches and falling trees are some of the most common and expensive causes of damage during the typhoon season.

Study your vicinity evacuation routes

If you live in a flood prone area have an evacuation plan. Learn your area’s evacuation routes and shelter locations ahead of time. The time to figure these things out isn’t while a storm is bearing down on your home, or after an evacuation warning has been issued. Decide ahead of time where you would go in case of an evacuation, whether it’s a friend’s or relative’s house or a government/Red Cross shelter.

Insure your family

About 700 people are hospitalized annually due to typhoon-related injuries. During these trying times, health insurance eases one’s financial burden by helping cover some, if not all of the hospital bills. If the policyholder unfortunately dies during the storm, life insurance would pay out his surviving family members to make sure that the family is stable financially even with the loss of a loved one.

For those who can afford to pay a higher premium, there are plans that offer whole life insurance protection up to the age of 96 which is payable in just three, five, seven or 10 years. Aside from giving family protection in case of death, these plans also provide living benefits to the insured in the form of cash values which provides a source of funds in cases of emergency.

Another option is to take advantage of affordable microinsurance. These types of insurance will only cost you as little as ₱75 a month per person, and will at least provide you protection for more specific circumstances such as accidents. 

Insure your home and property

Because a house is one of the biggest and most expensive assets you will ever purchase, it is important to protect it against untoward incidents.

Most property owners do not even realize that flooding is not a part of standard home insurance. So protect your home and the assets inside it. Choose the “Property All-Risk” option to ensure that your property has sufficient coverage against loss or damage caused by fire and lightning, and allied perils such as earthquake, typhoon, flood, falling aircraft, impact damage, volcanic eruption, riot, strike and malicious damage. It will be a little more expensive than your standard coverage but it will give you the resources that you will require in times of need.

Additional covers may also be added to meet the needs of your place of business as well. There is an option to include Machinery Breakdown cover, Electronic Equipment Insurance cover, and Business Interruption in this type of policy. You will also enjoy more additional benefits in the form of allowances, assistance services, personal accident and personal liability coverages depending on your insurance provider.

Get a comprehensive car insurance

A comprehensive car insurance with Acts of Nature Coverage will protect you from financial loss when unfortunate incidents happen even when it’s not typhoon season. While this is not mandatory, it provides some measure of financial security by covering car repairs and other damages should any unfortunate incidents occur.

Essentially, a reputable comprehensive car insurance has a wide coverage and insures you against damage, car theft, liabilities caused by collisions, fire, malicious acts, acts of God (and nature) and personal accident insurance of the passenger. It’s smart to get this type of insurance because risk is an everyday reality. Accidents can happen anytime, and if you’re driving to work every day, you’re exposed to risks that you do not have direct control of particularly during rainstorms.

However, when getting your car insurance, make sure that you read the fine print and understand what’s included and what isn’t. Many “comprehensive” insurance policies don’t insure against all types of damages, like typhoons. Coverage for these instances will require additional clauses: Acts of God or Acts of Nature, which covers damage from flooding and other non-manmade incidents. Pricing will vary from insurer to insurer so do your homework and pick the best option for you.

Planning ahead

Preparation is key to mitigate the impact of natural disasters. The small steps you can take now will save not only your home and family from devastating loss, but will also cushion your recovery in times of crisis. Making your stockpile of emergency supplies, knowing your emergency escape route, and acquiring an insurance policy can take less than a week, but it will surely save you from a lifetime of regrets.

The post How To Storm Proof Your Family This Typhoon Season appeared first on iMoney.ph.

A new bill was recently signed into law grants 20 percent discount on all public utility vehicles to students! All they need is to show their school ID and they will be immediately eligible. 

Under the “Student Fare Discount Act” or R.A. 11314, students shall be entitled to a grant of 20% discount on domestic regular fares, upon personal presentation of their duly-issued school identification cards (IDs) or current validated enrollment form, supported by the prescribed government-issued identification document, subject to an appropriate verification mechanism to be provided in the implementing rules and regulations was made to encourage students, particularly the poor and underprivileged to pursue quality education to secure their future and make them responsible, citizens. 

This new bill, however, limits the discount privilege to students in elementary, secondary, technical-vocational, or higher education institutions. It does not apply to students in postgraduate degree courses and informal short-term courses such as dancing, swimming, music, and driving lessons, and seminar type of courses.

The discount privilege will cover all public transportation utilities including public utility buses, public utility jeepneys, taxis, and other similar vehicles-for-hire tricycles, passenger trains, aircraft, and marine vessels. However, it does not apply to school service, tourist service, and any similar service covered by contract or charter agreement and with a valid franchise or permit from the Land Transportation Franchising and Regulatory Board (LTFRB).

The privilege will be in effect during the period they are enrolled as students in a formal education institution, and will be valid even on weekend and holidays.  Public transport vehicle who refuse to grant the said discount will be penalized with fines ranging from PHP1,000 to PHP5,000; the drivers may also face suspension of their driver’s license and even cancelation of their certificate of public convenience.

[Source]

The post 20% Discount For Students On All Public Transport. appeared first on iMoney.ph.

The Social Security System (SSS) is the social insurance program of the Philippines for all individuals who are employed or self-employed in the private and informal sector. Their services basicallty focus on providing meaningful and accessible financial protection to their members and their families against untoward circumstances such as sickness, disability, old age, and death. 

Members of the Social Security System or SSS will be entitled to a wide range of benefits such as the following among others:

• retirement benefit
• disability benefit
• maternity benefit
• funeral grant
• Salary loan
• Student loan

While formal employment will automatically sign you up to become a member, registration online is done at your own will. Having an online account in SSS may not bring monetary benefits to your membership, but it will make their services easier to use and take advantage of, if you do so. 

So, if you want have a hassle free transaction with this government agency, you’re better off doing it online, in the convenience of your own home.

Hree’s how you can get started!

What is SSS online or My SSS?

An online SSS account makes it easier for members to keep track of their monthly premium (whether or not their employers are consistently paying for it), apply for SSS loans, file claims, and make inquiries about their account. 

My SSS is the term used for an SSS member’s online account.  Do take note that only registered SSS members are allowed to create an online account in SSS portal. If you haven’t been registered in SSS yet or have no formal employment in the past, chances are you need to register for one first at the nearest SSS branch to get started. 

How can I register my SSS number online?

It’s easy to register you SSS number online. All you need is a computer or smartphone with internet connection and your SSS number. Just go the SSS website and follow the steps mentioned below.

What are the steps for SSS online application?

Assuming you’re already a member, you can create an online account with these five easy steps. 

1. Log on to the SSS online portal 

Click the “Not yet registered in My.SSS” so that you’ll be redirected to the online member user ID registration.

[block type="info" title="Requirements On How To Register"]

To proceed with the registration, you must have at least one of the following:

• Savings Account Number / Citibank Cash Card / UBP Quick Card / UMID - ATM Saving Account Number Registered in SSS
• Mobile Number Registered in SSS
• UMID CARD
• Employer ID Number / Household Employer ID Number
• Payment Reference Number / SBR No. / Payment Receipt Transaction Number [/block]

2. Fill in all the required information.
   It should correspond to the information you have reported to SSS such as your SSS number, first name, middle name, surname, date of birth, and a valid email address.Then lastly, enter the captcha code at the bottom of the form then click “submit.”

You will then be taken to a page that will show you a page saying that a verificati0n link is sent to your email address.

3. Log-on to your email address and complete the verification.

You will receive a message from noreply@sss.gov.ph  with the subject “SSS Website Email Validation”.

It contains a verification link to completely activate your account.

4. After clicking the verification link, you will be taken to the Online Member User ID Registration page.
   This page will ask for additional information such as contact number, preferred user ID, password, employment status, receipt number from the S5 SSS registration form, and etc, aside from the basic information such as your name and address.  
   
   Tick the “I accept the terms and conditions” to complete the registration and then hit the submit button.
   

After hitting the submit button, you will be taken to a page that says your registration has been submitted and you will be informed through once the validation is done and you can already log in to your online account.  The validation will take between 24 hours to a few days. 

5. Wait for another confirmation email from SSS. 

The verification email might take a few minutes to a few days because SSS will verify all the information that you’ve entered to see if it matches with their record.

Once the verification is complete, SSS will send you an email stating that your registration was successful. The email will also come with your dedicated user ID and your online account’s password, which will be needed for you to log in to their portal.

How can I access My SSS account?

One you receive the verification email from SSS, you will then be able to access your online account with just a click of a button.

1. Log-on to https://www.sss.gov.ph/ 
2. Enter your username and password
3. Hit submit

You will then be taken to your dashboard where you can check your contributions, apply for a loan, apply for a claim, and even pay for your contribution (if you’re a self-employed).

How to check your SSS contributions online

One of the key benefits of having an online SSS account is the capability to check your SSS contributions anytime where you have access to the internet. It’s an extremely simply feature that provides immeasurable convenience. 

We’ve all been there, queueing in an SSS branch will take half a day even if it’s just for an inquiry as simple as checking your contribution. You can finally skip the queue and check your contributions effortlessly with an online account. 

Here’s how you can do that!

1. Log-on to https://www.sss.gov.ph/ and enter your user id and password on the text boxes provided.
   
   
2. On your dashboard, click the “E-services” link. Then click “Inquiry” and select the actual premiums on the member info tab.
   
   

The dashboard will then show your monthly contribution since the beginning of your contribution (for most people their first formal employment) until the present.   

[block type="tips" title="Quick tips"]

Crosscheck the contributions of your employer to your most recent deduction. Most contributions are posted quarterly, so having two to three months delay (to the present month) in your contribution is still normal. [/block]

How do I apply for an SSS loan online?

The Social Security System provides salary loans to members who have at least 36 months continuous monthly contribution. The amount of the loan will be derived from the member’s total contribution.

1. A one-month salary loan is equivalent to the average of the member-borrower's latest posted 12 Monthly Salary Credits (MSCs), or amount applied for, whichever is lower.
2. A two-month salary loan is equivalent to twice the average of the member-borrower's latest posted 12 MSCs, rounded to the next higher monthly salary credit, or amount applied for, whichever is lower.
3. The net amount of the loan shall be the difference between the approved loan amount and all outstanding balance of short-term member loans.

[block type="info" title="Qualifications"]

There are a handful of criteria that you must meet in order to be qualified for this loan and apply for it online.  

• At least 36 months of continuous contribution.
• Currently employed with the employer for at least a year (for employed individuals).
• Monthly contributions must be up-to-date.
• The member-borrower has not been granted final benefit, i.e., total permanent disability, retirement, and death.
• The member-borrower must be under sixty-five (65) years of age at the time of application.
• The member-borrower has not been disqualified due to fraud committed against the SSS. [/block]

If you tick all of the items mentioned above, here’s how you can apply for an SSS loan online. 

1. Log-in to your SSS online account.
2. In your dashboard, hover over to the “e-services” tab. It will drop down a list of menus including “Apply for a Salary Loan.”
3. It will show you a loan application form. Complete the form and hit submit. 
4. The website will show you an estimate of the loan and its monthly payment. 
5. Provided you meet the eligibility requirement, your loan will be automatically approved. The funds will be disbursed to the method you chose on your loan application. You can either receive it directly to your bank or have a cheque mailed to your address.
   

[block type="info" title="For your information"]

Your loan is generally payable in 24 monthly installments. Your due date each month varies depending on the applicable identification number, and whether you are employed or self-employed. [/block]

You can visit SSS portal to know more about their loan terms.

How to perform SSS online payment?

The SSS online payment is only available to Bancnet debit cardholders and accountholders in Unionbank. This process is beneficial to everyone who prefer to do online transactions and those who can’t be in the country to pay for their monthly contribution.  Online payment is quite easy and straight forward, here’s how you can do that.

[block type="tips" title="Bancnet"]

1. Log on towww.bancnetonline.com [Register with your bancnet card if you haven’t yet]
2. On the homepage, click on your bank.
3. Read the agreement in using BancNet Online and click "I Agree" button if you agree with the Terms and Conditions.
4. Click on " Payment".
5. Fill out the required fields:
   • Biller/Institution
   • Account/ Subscriber Number
   • Bank Name
   • ATM Card Number
   • Member Number
   • Account Type. Savings or Check
   • Amount To Be Paid
6. Using your mouse, enter your ATM PIN on the onscreen keypad.
7. Click the Submit button
8. Details of your transaction will prompt on the screen, Once verified that they are all correct, click “OK”
9. You may print the screen that shows your transaction details as your transaction receipt or click “ Close” to conclude the transaction. [/block]

[block type="tips" title="Unionbank"]

1. Log on to your Unionbank online account.
2. Go to “bills” and choose SSS.
3. Fill out the necessary information like your SSS number.
4. Enter the amount then click pay.
5. Wait for the browser to generate the receipt. [/block]
   

Source 1, 2

The post Your SSS Online Membership Registration Guide appeared first on iMoney.ph.

A National Dengue Alert has been declared by health authorities in the country due to the increasing incidence of dengue, which has currently lead to 202 deaths and 100,000 cases reported since January, which is 85% higher than the same period in 2018. 

In the latest report, the National Disaster Risk Reduction and Management Council have recorded a total of  38,804 dengue cases in CALABARZON and in Regions VI, VII, VIII, and XII from January 1 to July 13.

CALABARZON  already recorded 13,032 dengue cases and 50 deaths, while Region VI has 15,813 dengue cases and 90 deaths, Region VII has 9,594 dengue cases and 62 deaths, 57 cases in Region VIII, and 308 cases in Region XII. 

Due to this, an epidemic has been declared in four regions -- Mimaropa, Western Visayas, Central Visayas, and Northern Mindanao. These regions are home to more than 20 million people or roughly 20% of the Philippines population. Meanwhile, nine other regions are under close monitoring by Health officials.

The Department of the Interior and Local Government (DILG) has called on local government units to undertake cleanup drives to stop the spread of dengue.

To prevent dengue, stay away from mosquito breeding sites such as places with stagnant water like a canal, use mosquito repellents, and most importantly seek early consultation when you experience recurring fever, unusual bleeding, or flu-like symptoms.

Source 1, 2

The post Dengue Cases Increasing, National Dengue Alert Declared appeared first on iMoney.ph.

According to the Socioeconomic Planning Secretary Ernesto Pernia, a family of five needs to have a monthly household income of at least ₱42,000 to live above the poverty line. This amount is an aggregate of all the incomes in the household, assuming the heads of the family (parents) earn ₱21,000 each. This amount may seem like a fair estimate especially if you live in big cities like Metro Manila, but is every Filipino household earning as much or close to the said figures?

To substantiate these findings further, we are running a survey to breakdown the actual monthly budget for Filipino households to cope with the cost of living. How many Filipinos are above or within that income threshold? How many are not? What are the actual spending habits and priorities of Filipino families to stretch their salary further?

Take this survey and share with us your monthly budget!

The post Is The Minimum Wage Enough For The Average Filipino? Let’s Find Out! appeared first on iMoney.ph.

It isn't a surprise for Jollibee to take big leaps in further expanding their fast-food chain across the world, but no one expected it to be this big.

The homegrown fast-food giant has announced earlier on Wednesday that it will be acquiring the American specialty coffee and tea brand, The Coffee Bean & Tea Leaf (CBTL). This is their biggest acquisition to date and would amount of at least $350 million on a debt-free basis, with a net investment of $100 million as disclosed to the Philippine Stock Exchange. 

Jollibee founder said in a statement:

“The acquisition of The Coffee Bean and Tea Leaf will be JFC’s largest and most multinational so far with business presence in 27 countries.”

The acquisition will result in the addition of specialty coffee to the Jollibee stable which includes hamburgers, fried chicken, pizza and Chinese food. As of December 2018, CBTL has 1,189 outlets worldwide.  Java Ventures LLC, a wholly-owned subsidiary of Jollibee Worldwide, will be the acquiring entity. It will also be a wholly-owned unit of the new holding firm, Jollibee said.

The acquisition of CBTL may be the Jollibee’s biggest feat yet, but this isn’t the first time it acquired renowned established f&b brands. Last year, Jollibee took a 47-percent stake in Mexican chain Tortas Frontera, which serves pulled pork, chorizo and beef sandwiches with sides of guacamole and cilantro salsa. Earlier in 2018, Jollibee invested PHP1.74 billion to acquire the Asia Pacific master franchise holder of Tim Ho Wan, famous for its barbecue pork buns. 

Meanwhile, here at home, it is expanding its portfolio which includes 3,000 Jollibee, Chowking, Greenwhich, Red Ribbon, Mang Inasal, and Burger King stores. In September 2018, Jollibee announced its 50-50 joint venture with the owners of Panda Express to bring the brand and its signature orange chicken to the Philippines.  In April 2018, Jollibee announced its investment in SuperFoods Group to bring the Vietnamese noodle soup chain PHO24 to the country.
[Source]

The post Jollibee To Acquire Coffee Bean And Tea Leaf appeared first on iMoney.ph.

The LRT-1 is set to be extended further to Cavite and construction is already on the horizon. Despite the delay of Light Rail Manila’s fare hike proposal, the funding for the project has already been secured. Commuters looking forward to this project can rest easy knowing that it's all set to go.

There’s also another news that LRT-1 commuters could look forward to. The Light Rail Transit system will be launching its mobile app in August to help commuters navigate the train line.  The app will feature a crowd monitoring technology and LRT-1’s real-time train schedules with the use of GPS trackers. The mobile app will be available on iOS and Android devices.

In an interview with Light Rail Manila Corp president and CEO Juan Alfonso in ANC, he said:

“It helps passengers really navigate through the LRT system. It gives them real-time schedules of when the trains are arriving… With the crowd function if one of rider is beside two stations he can choose between stations with the least amount of traffic.”

[Source]

The post LRT-1 Mobile App To Be Launched In August appeared first on iMoney.ph.

Milk teas have been around for as long as we could remember, but it wasn’t until last year that the popularity of this beverage has soared - it’s basically the new Starbucks of the beverage line.  In Metro Manila today, milk tea shops are packed with customers at all hours, that buying one would require you to endure at least a minimum of 15 minutes in queue. 

It’s no surprise that the Philippines ranked second in milk tea consumption in Southeast Asia according to GrabFood’s 2018 study.  In that year alone, Grab’s milk tea orders grew by 3,500 percent from June to December. Considering that the Philippines isn’t even on top of the ranking in app-based food delivery services, yet the country managed to dominate Grab’s milk tea statistics. 

Metro Manila has an abundant number of milk-tea shops giving Filipinos lots of choices to satisfy their newfound love for milk teas. While the base milk-tea drink may all taste similar, there are more ways than one to add flavors to this drink - that’s how milk-tea shops are defining themselves in this competitive but yummy market.  

With so many shops to choose with menus boasting a wide variety of milk-teas, it may not be humanly possible to get a taste of everything without risking your health from sugar overload. If you want to skip to the best drink that each shop has to offer, the safest bet is to get their signature drink. And, here’s our quick guide for that!

1. Macao Imperial Tea

It’s easy to guess where this brand came from because as the name suggests, it’s from Macao. With the goal to inspire the younger generation to have a better lifestyle, it blends a lot of healthy (fruity) flavors into their milk-teas.

Their most famous drink isn’t the healthiest drink out there, but it’s definitely healthy for your soul, especially if you love cheese! Macao Imperial Tea is celebrated for its Cream Cheese Series. 

[block type="info" title="Cream Cheese Series"]

Price: ₱110 to ₱150 depending on the variety[/block]

Other than their famous cheese milk tea series, they also sport a posh space perfect for long conversations with barkada.

2. Gong Cha

One of the oldest milk tea franchise brands in Asia can trace its beginnings all the way back to 1997. The name “Gong Cha” is a combination of two Chinese characters which means Tribute (Gong) and Tea (Cha).

Their house specialty is a classic milk-tea variety which is Wintermelon. Gong Cha has a variety of Wintermelon milk teas in their menu each offering a unique blend of flavors. This is probably the only milk tea shop where you could get yourself a Yakult flavored milk tea! Who doesn’t love a probiotics drink?

[block type="info" title="Wintermelon Milk Tea"]

• Lemon Wintermelon Medium - ₱85 Large - ₱100
• Wintermelon Alisan Tea Medium - ₱85 Large - ₱100
• Wintermelon Milk: Medium - ₱90 Large - ₱105
• Choco Wintermelon Medium - ₱95 Large - ₱110
• Passion Fruit Wintemelon Medium - ₱100 Large - ₱115
• Banana Wintermelon Medium - ₱100 Large - ₱115
• Yakult Wintermelon Medium - ₱100 Large - ₱115[/block]

3. Serenitea

Filipino milk tea lovers should take pride in this brand because it’s one of the very few popular shops that are 100% Filipino. This homegrown brand started in 2008 and was established by two Filipino fresh grads who were aspiring entrepreneurs. It was the era of coffee shops where those French sounding coffee names (and pseudo coffees) were the trend. They went against the tide and went to Taiwan to study Milk Tea production because they saw its potential in the Philippine market. Turns out their foresight were accurate!

Serenitea’s Okinawa Milk Tea is their most sought after beverage, it blends espresso with brown sugar and milk tea! It’s basically a milk tea and coffee in one - a love letter to caffeine obsessed people who can’t live without their coffee. Its sweet milky taste with a hint of caffeine is what keeps people coming back.

[block type="info" title="Okinawa Milk Tea"]

Hot or Cold: ₱140
Available only in 1 size[/block]

4. Tiger Sugar

Tiger Sugar is one of the fresh faces in the Milk Tea competition whose roots can be traced from Taiwan - the home of the best milk teas in the region. They first opened shop in 2017 at Taichung Taiwan, but that didn’t stop their popularity from soaring. They just recently came to the Philippines and it’s fair to say that they’re a phenomenon. If you see an insanely long queue of mostly young people, it’s most likely that they’re waiting for their turn to get their milk tea fix from this shop. 

They pride themselves for using high quality imported ingredients to craft their beverages and they nail it when it comes to presentation. You can easily tell a Tiger Sugar milk tea from how the milk tea looks on the outside - it looks like a party in a cup! The inside of their distinctive cup is coated with brown sugar that it resembles tiger stripes.  Their menu is as simple as how milk tea could get but all with a taste of their signature Tiger Brown Sugar Syrup which is made from four types of Taiwanese brown sugar syrup. 

Their signature drink is the Brown Sugar Boba Milk with Cream Mousse, which is a mix of boba, fresh cream, and cream mousse.

[block type="info" title=" Brown Sugar Boba Milk with Cream Mousse"]

Medium: ₱120[/block]

5. Happy Lemon

Perhaps, the first Taiwanese milk tea brand that made it to the Philippines; it rose to fame long before the milk tea era. It isn’t a homegrown brand but a local celebrity, Chris Tiu, introduced this to the market back when milk teas were still unheard of in the Philippines. It managed to become relevant in a time when frappucinos were the trend and the crowd was flocking fancy cafes as their hangout place. 

Happy Lemon may not be making a lot of buzz in the milk tea scene recently, but they’ve been around long enough to establish that they’re among the best and their customers definitely agree based on how they managed to steer through the competition all these years!

What people couldn’t get enough of from this shop is the Cocoa with Rock Salt and cheese. Cheese on your beverage? That would’ve sounded absurd a few years back but Happy Lemon introduced it to the general public and the rest was history. 

[block type="info" title="Cocoa with Rocksalt and Cheese"]

• Large - ₱109
• Jumbo - ₱129 [/block]

6. Chatime

Classic - that’s one word to describe this milk tea shop. It’s safe to say that ChaTime is one of the brands that brought milk tea center stage and introduced its glory to the general public. It’s probably the first brand that will come to mind when talks about milk teas come up.

Chatime is basically the home of the classic milk tea which sparked our love for this beverage, and it’s no surprise that their best seller is the classic Pearl Milk Tea. Milk teas couldn’t get as simple as that but it’s the taste that all milk tea lovers in the Philippines will always come back to!

[block type="info" title="Pearl Milk Tea"]

1. Regular - ₱95
2. Large - ₱105 [/block]

7. Tokyo Bubble Tea

A lesser-known milk tea shop that also serves Japanese delicacies on the side. Tokyo Bubble tea has been around for quite some time now and they’ve been making creamy cups of milk tea of their own specialty. Unlike the most recent milk tea shops that rose to popularity whose origins came from Taiwan, this shop is from Japan (hence the name). 

Tokyo Bubble Tea is best known for their Japanese Cheesecake Cream (JCC) milk teas - all of the drinks in this series are topped with a creamy cheesecake cream. Being a Japanese milk tea shop, it’s no surprise that their best seller is their Matcha JCC - a matcha based milk tea topped with a creamy Japanese cheesecake cream. 

[block type="info" title="Japanese Cheesecake Cream"]

1. Medium: ₱125
2. Large: ₱135 [/block]

Do you have a personal favorite when it comes to milk tea? You're welcome to share with us your top picks for milk teas in the Philippines.

The post Milk Tea Mania: Your Guide To The Best Milk Teas In Metro Manila! appeared first on iMoney.ph.

After a few days from getting suspended due to alleged corruption, the Office of the President has lifted the suspension on The  Philippine Charity Sweepstakes Office's (PCSO) Lotto games  Tuesday night and will resume its lotto games on Wednesday.

As of Sunday, 23,654 outlets were closed nationwide. Of these, 7,768 are lotto outlets; 13,320 are small-town lottery kiosks; 2,194 are Peryahan ng Bayan outlets, and 472 are Keno shops.

In a statement, PCSO announced that the following games will resume:

• Lotto 6/42
• Mega Lotto 6/45
• Super Lotto 6/49
• Grand Lotto 6/55
• Ultra Lotto 6/58
• 6 Digit Game
• 4 Digit Game
• Suertres Lotto
• EZ2 Lotto

PCSO announced that they will run a draw that will cover tickets bought for the date when their operation got suspended (July 27 to 30). The draw schedule will be revealed in their upcoming announcements. 

Despite the resumption of the PCSO’s lotto, the rest of their gaming franchises such as Small-Town Lottery, Keno and Peryahan ng Bayan will remain suspended.

[Source]

The post PCSO’s Lotto Lifted From Suspension, Other Games Still Suspended appeared first on iMoney.ph.

One of the solutions identified by the government to ease congestion in Manila’s existing airport situation is to build a new one near Manila. Earlier on Wednesday, the bid to build a new airport has been approved. 

Transportation Secretary Arthur Tugade in an interview said: 

"This new international airport is important in helping ease the congestion of the Ninoy Aquino International Airport (in Manila)."

San Miguel was granted the project and will build the said airport in Bulacan, north of Manila. The construction of Bulacan airport will begin before the end of 2019 and open for business no later than 2025,  according to the Department of Transportation (DOTr). T

This airport is so far the biggest infrastructure project under President Rodrigo Duterte’s government and San Miguel plans to run the airport after obtaining a government concession.

The announcement came after the close of trade in Manila. Shares in San Miguel rose 1.19 percent to end at PHP178.00 (US$3.50).
[Source]

The post Bid To Build A New Airport In Manila Approved! appeared first on iMoney.ph.

How do I register and get an SSS number?

1. Accomplish all fields of the online form correctly.
2. A link shall be sent to the registrant's email which will enable them to continue with their SS Number application. Note: The link shall expire in 5 days and once it expires, the registrant will have to repeat the first step of the registration process.
3. Once the link is clicked, the registrant must supply all the required information from Basic Information up to Beneficiaries Information correctly.
4. Prior to generation of SS number, the registrant may review and correct their electronically filled out registration form. Once an SSS Number is already generated, applicant will need to go to the SSS Branch to correct his/her information.
5. After clicking the "Generate SS Number" button, the system will display the SSS number of the registrant and an option to print their ePersonal Record and SS Number Slip. The registrant will also receive an email confirmation which indicates his/her SS number, a copy of his/her SS Number Slip and other instruction to complete his/her SS Number application.
6. Print the Personal Record Form, SS Number Slip including the SSS Number Application Confirmation email body sent to you by the SS Number Issuance System.
7. Go to your nearest SSS Branch and submit the required documentary requirements together with the SSS Number slip.
8. If married, bring a copy of your Marriage Contract
9. If has child/ren, also bring a copy of the child/ren's Birth Certificate
10. For Non-Working Spouse, your working spouse must sign before his/her name on the printed Personal Record Form. The signature of your working spouse signifies that he/she agrees with your SSS Membership.

1. Registrant is advised to go to the nearest SSS Branch for submission of the required supporting documents.
2. Registrant's membership status with SSS shall remain "Temporary" until submission of the required supporting documents. This means that the SS Number can only be used for:
   • Contribution payment and employee reporting by the employer.
   • Submission of required documents for conversion of Membership Status from "Temporary" to "Permanent".
3. Availment of SSS loans and benefits (subject to qualifying conditions) and UMID Card Application (provided applicant has one (1) posted contribution) shall be allowed only for Permanent Membership Status.

Documentary requirements

1. Birth Certificate
2. In the absence of the Birth Certificate, any of the following documents:
   • Baptismal Certificate
   • Driver's License
   • Passport
   • Professional Regulation Commission (PRC) card
   • Seaman's Book(Seafarer's Identification and Record Book)
3. In the absence of the above ID card(s) and/or documents, any two (2) of the following, both with the correct name and at least one(1) with date of birth:
   • (GSIS) card/Member's Record/Certificate of Membership
   • ATM Card (with cardholder's name)
   • Alien Certificate of Registration
   • Bank Account Passbook
   • Baptismal Certificate of child/ren
   • Birth Certificate of child/ren
   • Cert. of Licensure/Qualification Document from Maritime Industry Auth.
   • Certificate from Office of Muslim Affairs
   • Certificate from Office of Northern Cultural Community
   • Certificate from Office of Southern Cultural Community
   • Certificate of Naturalization from the Bureau of Immigration
   • Company ID card
   • Company Representative Authorization Card(ACR) issued by SSS
   • Credit card
   • Firearm License card issued by Philippine National Police (PNP)
   • Fisherman's card issued by Bureau of Fisheries and Aquatic Resources (BFAR)
   • Health or Medical Card
   • Home Development Mutual Fund (Pag-IBIG) Member's Data Form
   • ID card issued by (LGUs) (e.g Barangay/Municipality/City)
   • ID card issued by professional association recognized by PRC
   • Life Insurance Policy
   • Marriage Contract/Certificate of Marriage
   • Membership card issued by Private Co.
   • National Bureau of Investigation (NBI) Clearance
   • Overseas Worker Welfare Administration (OWWA) card
   • Philippine Health Insurance Corporation (PHIC) ID card/Member Data Record
   • Police Clearance
   • Postal ID card
   • School ID card
   • Seafarer's Registration Certificate issued by (POEA)
   • Senior Citizen card
   • Student Permit issued by Land Transportation Office (LTO)
   • Taxpayer's Identification Number (TIN) card
   • Transcript of Records

How to get a UMID?

1. Prepare two valid IDs
2. Go to an SSS branch.
3. Fill up their UMID application form.
4. Submit the form to the verication counter
5. After verifying your documents, you’ll be instructed to proceed to the ID capture booth, fingerprint scanning and electronic signature process. 

How Much Of Your Income Is Required For SSS Contribution?

How Is The SSS Retirement Benefit Computed?

1. The sum of ₱300 plus 20% of the average monthly salary credit plus 2% of the average monthly salary credit for each credited year of service (CYS) in excess of ten years;

2. Forty (40) percent of the average monthly salary credit:

3. ₱1,200, if the CYS is at least 10 but less than 20; or ₱2,400, if the CYS is 20 or more.  

Can You Get Advanced Retiree Benefits Once You Retire?

Who Should Be Covered By SSS As Mandated By Law?

What Is Voluntary SSS Coverage?

When Does SSS Member Coverage Take Effect?

SSS Contribution Table For 2019

For regular employees

For self-employed, voluntary, and non-working members

For household employers and kasambahay

For land-based and sea-based Overseas Filipino Workers (OFW) 

Source: https://sssinquiries.com/contributions/new-sss-contributions-table-and-payment-schedule-2019/

Types Of SSS Benefits

• Sickness Benefit. It’s a daily cash allowance paid for the number of days a member is unable to work due to sickness or injury.

• Maternity Benefit. It’s a daily cash allowance granted to a female member who is unable to work due to childbirth or miscarriage.

• Disability Benefit. It’s a cash benefit granted – either as a monthly pension or a lump-sum amount – to a member who becomes permanently disabled, either partially or totally.

• Retirement Benefit. It’s a cash benefit granted – either as a monthly compensation or a lump-sum amount – to a member who can no longer work due to old age.

• Death. It’s a cash benefit granted – either as a monthly compensation or lump-sum amount – to the beneficiaries of a deceased member.

• Funeral. A funeral grant of ₱20,000 to whoever paid for the burial expenses of the deceased member.

• Salary Loan. It’s a cash loan granted to an employed, currently – paying self-employed or voluntary member. It is intended to meet the member’s short-term credit needs.

Can A Member Withdraw Their SSS Membership?

If Your SSS Card Was Lost Or If You Forgot Your SSS number, Should You Secure Another Number?

Who Are Considered As Primary SSS Beneficiaries?

What Happens To My SSS Contribution If I Lose My Job?

The post The Basics Of Social Security System (SSS) That You Need To Know appeared first on iMoney.ph.

It’s not just the weather that’s pouring this rainy season, but your favorite credit cards will also pour in loads of promotions granting great discounts and bargains on your shopping, dining, and travel costs for the third quarter of 2019.

To ensure that you won’t miss out on any good deals, we list down some of the finest credit card promos in- and out-of-town that will surely make it easier to shave off those excess costs this rainy season!

Travel getaway

The rainy days aren’t really the most ideal time to travel, but it’s the best time to grab some good deals for your travel plans. Whether you want to fly where it’s sunny and dry or you just want to escape your daily hustle, there isn’t any shortage of airfare and hotels discounts for you!

Airline promos from your favorite credit cards:

[block type="info" title="Citibank"]

Fly Asiana Airlines to Los Angeles & Hawaii from USD 500.

• Enjoy Citi-exclusive round trip Asiana Airlines fares to South Korea from USD 270, Los Angeles & Hawaii from USD 500 and more.
• Business Class tickets to Europe are also available from USD 1,950.
• Book until August 15, 2019 for travel from August 1, 2019 to March 31, 2020.
• Book at bit.ly/OZCITIAug2019 or call 662-8000.

50% savings at Discovery Hotels and Resorts

• Unwind at Discovery Shores Boracay, Club Paradise Palawan, Discovery Suites Manila and Discovery Country Suites Tagaytay.
• Book until August 15, 2019 for stays until December 30, 2019. Stay period varies per property. Blackout dates apply.
• Call 719-8888 or visit www.discoveryhotels-resorts.com (Promo code: CITI) to book.

What’s on your bucket list?

All at 0% PayLite for up to 3 months, take advantage of tour packages which include roundtrip airline tickets, hotel accommodations, meal, and tours.

[/block]

[product name="Citi PremierMiles Card" image="https://www.imoney.ph/sites/v2.imoney.ph/files/citi-premiermiles-card-opt.png" link="https://www.imoney.ph/credit-card/citibank/premier-miles-card?src=internal_article_text_credit-card-promos-philippines" target="_blank" positionlink="top_1_text_box_cc_product" feature="" cta="https://www.imoney.ph/credit-card/citibank/premier-miles-card?src=internal_article_btn_credit-card-promos-philippines" target="_blank" positionbutton="top_1_btn_box_cc_product"]Apply and get approved for a new Citi card (promo not valid for Citi Simplicity) until June 30, 2019 and get ₱5,000 worth of eGift from Uniqlo.[/product]

[block type="info" title="RCBC"]

Thai Airways MasterCard sale

Book via www.thaiairways.com or at Country Space 1 Bldg Sen Gil Puyat Ave Makati office and enjoy the following promotions!

• 0% installment for 3 months and pay up to 3 months after.
• Get 1,000 Rewards Points as a bonus for minimum ticket purchase of ₱50,000 or USD 1,000

Book until August 15, 2019 and travel until March 31, 2020.

Lower rates at Anantara Vacation Club in Thailand

4 days 3 nights package starts at USD 199 inclusive of breakfast and airport transfers to and from the resort when you book at Anantara Vacation club in Phuket or Bangkok. 

Booking period is August 1 to September 15, 2019 and with travel and stay to be completed by February 28, 2020.

25% off Genting Dream Cruise

Book and sail with Genting Dream Cruise on the Palace Cabins and get 25% discounts which is inclusive of the following perks:

• Your choice of the Palace suite accommodation
• Sumptuous meals at inclusive restaurants
• World-class entertainment
• Access to beautifully designed leisure facilities

Book until August 15, 2019 to avail the promo. Sail dates are from August 2019 to April 2020. 

10% Off at Traveloka

Get a discount at Traveloka when you book a flight or a hotel accommodation using your RCBC credit card.  This is available to new Traveloka customers only. 

Promo runs until December 31, 2019. [/block]

[product name="RCBC Bankard AirAsia Credit Card" image="https://www.imoney.ph/sites/v2.imoney.ph/files/air-asia-visa-opt.jpg" link="https://www.imoney.ph/credit-card/rcbc/airasia-card?src=internal_article_text_credit-card-promos-philippines" target="_blank" positionlink="top_2_text_box_cc_product" feature="" cta="https://www.imoney.ph/credit-card/rcbc/airasia-card?src=internal_article_btn_credit-card-promos-philippines" target="_blank" positionbutton="top_2_btn_box_cc_product"]Your ticket to free AirAsia flights[/product]

[block type="info" title="HSBC"]

Win a trip for two (2) to New York!

Get 3x more chances of winning a trip for two (2) to New York with ₱100,000 shopping spree when you use your HSBC Credit Card at Central Square. 

Round trip ticket to Hong Kong from the Philippines FREE!

Get a chance to win a roundtrip ticket to Hong Kong when you apply and get approved for a new HSBC Platinum Visa or HSBC Premier Mastercard, and spend at least ₱10,000 with your newly approved credit card. 

• Application Period: February 16 to August 15, 2019
• Promo Spend Period: February 16 to October 15, 2019
• Redemption (Ticketing) Period: 08 March – 09 November 2019
• Travel Period: 16 March 2019 to 23 March 2020 [/block]

[product name="HSBC Platinum Card" image="https://www.imoney.ph/sites/v2.imoney.ph/files/hsbc-platinum-visa.jpg" link="https://www.imoney.ph/credit-card/hsbc/platinum-card?src=internal_article_text_credit-card-promos-philippines" target="_blank" positionlink="mid_1_text_box_cc_product" feature="" cta="https://www.imoney.ph/credit-card/hsbc/platinum-card?src=internal_article_btn_credit-card-promos-philippines" target="_blank" positionbutton="mid_1_btn_box_cc_product"]4x points for Overseas Spending[/product]

Wardrobe shopping deals

If you’re the type who never wants to go out of style or you simply need to have your regular wardrobe shopping fix, there is always the right bargain for you if you own a credit card. Here are some great bargains for your wardrobe shopping this season!

[block type="info" title="RCBC"]

Free ₱2,000 Skechers Gift Voucher

Apply for a RCBC Bankard, get approved, and spend at least ₱12,000 and get a ₱2,000 Skechers voucher for free!

• Application and approval period: Until August 31, 2019
• Spend Period: 60 days from card delivery
• Online Registration Period: 60 days from card delivery
• Redemption Period: 60 days from when card met spend

10% Off at ShopSM.com

Shop with your RCBC Bankard at ShopSM.com and take get a 10% discount on all your purcahses with no minimum spend. Plus, get FREE SHIPPING when you spend at least ₱500.

Promo period is until August 15, 2019. [/block]

[product name="RCBC Bankard Classic Card" image="https://www.imoney.ph/sites/v2.imoney.ph/files/rsz_classic-jcb.png" link="https://www.imoney.ph/credit-card/rcbc/classic-card?src=internal_article_text_credit-card-promos-philippines" target="_blank" positionlink="mid_2_text_box_cc_product" feature="" cta="https://www.imoney.ph/credit-card/rcbc/classic-card?src=internal_article_btn_credit-card-promos-philippines" target="_blank" positionbutton="mid_2_btn_box_cc_product"]The young shoppers’ all-occasion shopping mate.[/product]

[block type="info" title="Citibank"]

Win up to ₱5,000 SM Gift Passes

• Get a chance to win up to ₱5,000 SM Gift Passes.
• Valid for a minimum single-receipt straight transaction of ₱3,000 or minimum single-receipt Citi PayLite spend of ₱5,000.
• Promo is until August 31, 2019.

10% off every Fridays at Lazada.

• Enjoy 10% off every Friday from 12nn to 2pm.
• Valid for a min. spend of ₱1,000 and max discount of ₱350.
• Valid from May 24 to August 31, 2019.
• Use promo code: CITIFRIYAY. Valid for one time use, every Friday.

The #Love2Click online sale is back!

• Enjoy exclusive online deals and discounts from over 30 brands with your Citi credit card.
• Promo period from July 1 to September 30, 2018. [/block]

[product name="Citi Cash Back Card" image="https://www.imoney.ph/sites/v2.imoney.ph/files/citi-cashback-visa-platinum.jpg" link="https://www.imoney.ph/credit-card/citibank/cashback-card?src=internal_article_text_credit-card-promos-philippines" target="_blank" positionlink="mid_3_text_box_cc_product" feature="" cta="https://www.imoney.ph/credit-card/citibank/cashback-card?src=internal_article_btn_credit-card-promos-philippines" target="_blank" positionbutton="mid_3_btn_box_cc_product"]Rebates on your groceries.[/product]

[block type="info" title="HSBC"]

12% off at Zalora

• Get 12% OFF at ZALORA until December 31, 2019. Use code HSBC12 upon checkout. 

10% Off at ShopSM.com

Shop with your HSBC credit card at ShopSM.com and take get a 10% discount on all your purcahses with no minimum spend. Plus, get FREE SHIPPING when you spend at least ₱500.

• Promo period is until August 15, 2019.   [/block]

[product name="HSBC Red Mastercard" image="https://www.imoney.ph/sites/v2.imoney.ph/files/hsbc-red-mastercard.jpg" link="https://www.imoney.ph/credit-card/hsbc/red-card?src=internal_article_text_credit-card-promos-philippines" target="_blank" positionlink="mid_4_text_box_cc_product" feature="" cta="https://www.imoney.ph/credit-card/hsbc/red-card?src=internal_article_btn_credit-card-promos-philippines" target="_blank" positionbutton="mid_4_btn_box_cc_product"]4x points for Overseas Spending[/product]

Dining deals

Whatever the season or occasion you are celebrating, food needs no further introduction. From fastfood to buffet to exorbitant gastronomic experience, there are dining discounts for everyone as long as you have the right credit card.

[block type="info" title="RCBC"]

Free Dessert at Whitebrass Kitchen x Bar

Get a free dessert when you dine and pay with your RCBC Bankard at Whitebrass Kitchen x Bar. Just spend a minimum of ₱500 for food and drinks to get the free dessert. 

Complimentary wines!

Enjoy a complimentary bottle of red or white wine at the following RCBC merchant partners:

• La Cabrera
• Ciccheti
• Antonio’s
• Lanai Lounge
• Epilogue
• Chesa Bianca
• I’m Angus
• Santi’s Delicatessen - Silang Cavite
• Chef Jessie Rockwell Club
• Cyma
• Green Pastures
• Souv
• Sushisake
• Urban Table
• Radisson Blu - The Lobby lounge
• Martin Place Social
• Bondi & Bourke

And a lot more! [/block]

[product name="RCBC Bankard LJC Card" image="https://www.imoney.ph/sites/v2.imoney.ph/files/rsz_ljc-mastercard%20%281%29.png" link="https://www.imoney.ph/credit-card/rcbc/ljc-card?src=internal_article_text_credit-card-promos-philippines" target="_blank" positionlink="bottom_1_text_box_cc_product" feature="" cta="https://www.imoney.ph/credit-card/rcbc/ljc-card?src=internal_article_btn_credit-card-promos-philippines" target="_blank" positionbutton="bottom_1_btn_box_cc_product"]The total dining card.[/product]

[block type="info" title="Citibank"]

50% off at House of Wagyu

• 50% off on Wagyu Top Sirloin Grade 10, 220 grams on Stonegrill
• 50% off on Wagyu Rib Eye Grade 8, 220 grams on Stonegrill
• Set meals will include:
  Soup of the Day, Ceasar's Salad, Crème Brulee, Brewed Coffee or Tea.
• Promo Period: July 15 - October 15, 2019.

Up to 50% off at Crimson Hotel's Café Eight

• 2609 Civic Dr, Alabang, Muntinlupa.
• Promo Period: August 1 – December 30, 2019.

Up to 25% off at Nobu, Red Ginger, and more

• 25% off on Sunday brunches at Nobu.
• 15% off at Red Ginger, Jing Ting, Café Society, Wave, Breezes.
• 10% off at The Bar, Juiced, The Roaster, The Chip Shoppe, Chocol8.
• Promo Period: June 15 - December 30, 2019.

20% off on buffet lunch and dinner at Café D'Asie

• 20% off on buffet lunch and dinner at Café D'Asie.
• Northgate Ave, Alabang, Muntinlupa.
• Promo Period: June 17 - September 30, 2019.

Up to 40% off at Marriott Hotel's Cru Steakhouse

• 40% off on Australian Cape Grim Grass-fed Rib eye.
• 30% off on The Cuts Steak Sampler.
• 10% off on Seared Goose Liver.
• Marriott Hotels Manila, 2 Resorts Drive, Manila.
• Sundays to Thursdays from 6pm to 10:30pm.
• Promo Period: June 15 - July 31, 2019.

30% off at Burgoo

• Valid for a minimum bill of ₱2,500 and maximum bill of ₱10,000.
• Offer is valid from Monday to Saturday.
• Promo period: June 1 to August 31, 2019.[/block]

[product name="Citi Rewards Card" image="https://www.imoney.ph/sites/v2.imoney.ph/files/Citi-Rewards-Card-opt.png" link="https://www.imoney.ph/credit-card/citibank/rewards-card?src=internal_article_text_credit-card-promos-philippines" target="_blank" positionlink="bottom_2_text_box_cc_product" feature="" cta="https://www.imoney.ph/credit-card/citibank/rewards-card?src=internal_article_btn_credit-card-promos-philippines" target="_blank" positionbutton="bottom_2_btn_box_cc_product"]Apply and get approved for a new Citi card (promo not valid for Citi Simplicity) until June 30, 2019 and get ₱5,000 worth of eGift from Uniqlo.[/product]

[block type="info" title="HSBC"]

10% off at The Pig Pen

• Enjoy 10% OFF on all food items at Pig Pen.
• Promo Period: April 15, 2019 to April 14, 2020
• Branch/es: GF Eton Tower Makati, Legazpi Village, Makati City
• Solenad 3, Nuvali, Santa Rosa Laguna

10% off at The Black Pig

• 10% OFF on all food items at Black Pig
• Promo Period: April 15, 2019 to April 14, 2020
• Branch/es: Commercenter Building, Filinvest Ave. corner E Asia Dr, Filinvest Corporate City, Alabang, Muntinlupa City

20% Discount at Yurakuen

• 20% discount on food & beverage.
• Valid in Diamond Hotel Philippines
• Room service, lobby lounge, and poolside not included
• Promo Period: August 15, 2018 - August 14, 2019 [/block]

[product name="HSBC Gold Visa Cash Back Credit Card" image="https://www.imoney.ph/sites/v2.imoney.ph/files/rsz_snap_2017-06-30_at_163843%20%282%29.png" link="https://www.imoney.ph/credit-card/hsbc/gold-visa-cash-back-credit-card?src=internal_article_text_credit-card-promos-philippines" target="_blank" positionlink="bottom_3_text_box_cc_product" feature="" cta="https://www.imoney.ph/credit-card/hsbc/gold-visa-cash-back-credit-card?src=internal_article_btn_credit-card-promos-philippines" target="_blank" positionbutton="bottom_3_btn_box_cc_product"]Get 5% cash back for all dining spends.[/product]

Whether you’re laying low or you’re out to explore the world beyond this rainy season, little savings on your expenses can go a loooong way. It’s okay to get carried away by the occasion but stay level-headed with your finances. With the right tools, you won’t have to stretch your budget too thin to live a little without breaking the bank.

The post Here’s How You Can Save Money Using Your Credit Card! appeared first on iMoney.ph.

The Philippine peso emerged as the second best-performing currency trailing behind Thai baht. Due to this, it is expected to remain as one of the most stable currencies in the region, according to the Department of Finance. 

The main reason for the growing strength and stability of the Philippine peso is the country’s strong balance of payments (BOP) position due to strong inflows of remittances, foreign direct and portfolio investment, recovering export earnings among others.

In the latest financial bulletin of Finance Undersecretary Gil Beltran, the peso appreciated by 2.82 percent to close at 51.07 to $1 on July 31 from 52.52 to $1 on Jan. 1. Meanwhile, the same data showed that the Thai baht gained 4.27 percent to 30.95 to $1 from 32.26 to $1. The Indonesian rupiah was the third-best performing, appreciating by 2.69 percent to 14,002.5 to $1 fro 14,458 to $1.

On the other side of the spectrum, the South Korean won was ranked as worst-performing currency, depreciating by 6.65 percent to 1,184.88 to $1 from 1,119.10 to $1 followed by the Taiwanese dong that shed 1.75 percent to 31.08 to $1 from 30.79 to $1.

In terms of volatility, the Philippines maintains its spot at the middle of the pack of 12 countries in the region with a coefficient variation of 0.82 percent, which is lower than the 0.93 percent average in the region.  The South Korean won was the most volatile currency followed by the Japanese yen, Thai baht, Chinese yuan and Indian rupee with 1.06 percent.
[Source]

The post Philippine Peso is Now The 2nd Best Performing Currency In Asia appeared first on iMoney.ph.

It is without a doubt that Filipinas are careful spenders, and when it comes to budgeting, they prioritize their family. However, most women in the Philippines don’t have savings for their future needs. 

InLife executive vice president and Insular Health Care president Noemi Azura cited the results of the Sheroes Landmark Study on Women and this is what she said during the study’s presentation at the Filipi-now: Realities, Challenges, and Solutions for the Filipino Women of Today held in Makati City:

“The results of the study indicated that six in 10 Filipinas manage their own money or are entrusted with their household’s budget. Most of these are spent on current needs, such as food and beverage, household bills and utilities, personal care products, and other items related to children’s schooling,” 

She highlighted that only 21 percent of the total respondents are able to set aside money for savings and only three percent of their budget is allocated for their savings. What’s more alarming according to Azura is the ownership of life insurance which is only four percent despite the 30% awareness.  She stressed that these are not enough to cover future emergencies, especially in the event that the family’s breadwinner, which could be the woman herself, or the husband, meets an unfortunate incident.

When it comes to health and wellness, Azura said that Filipinas practice healthy living by controlling their food intake, maintaining a healthy diet, avoiding vices, taking vices, having enough rest and sleep, keeping themselves hydrated at all times, and engaging in physical activities and sports. Despite this, only a few make use of health and wellness services, some 23 percent, and only 12 percent consult the doctor regularly.  Overall, eight out of 10 Filipinas believe that they are healthy due to access to healthy living and that their families motivate them to be healthy.
[Source]

The post Only 2 Out Of 10 Women In The Phlippines Have Savings appeared first on iMoney.ph.

It is no surprise that alternative loan institutions are common in the Philippines. In its 2017 Financial Inclusion Survey (FIS), the central bank announced that only an estimated 15.8 million adult Filipinos, or 22.6 percent, have bank accounts, while an approximate 52.8 million, or 77.4 percent, remain unbanked. Due to this, only a small fraction of the Fiipino population can take advantage of financial products provisioned by banks - and that’s where these alternative microfinance companies come in.

In the Philippines, microfinance is dominating the financial industry through high-tech services easily accessible through the internet. With the rise of the Fintech scene, these microfinance companies have become an easier alternative for Filipinos who are seeking financial products that are suitable for their needs. 

Other than online loans, technology today has paved the way to loan providers with smartphone apps. While there isn’t a handful of these app-based services yet, it’s worth noting that most of those that are available in App Store or Google Play right now work as long as you can comply with the requirements. 

If you’re looking for some additional cash, money-lending mobile applications may have the type of loans that you need!

Cashwagon Cash Loan

Cashwagon, a subsidiary of Green Money Tree Lending Corp is an established service provider in the field of Information Technology solutions and Financial Technology (FinTech).

Their main focus in the Philippines is online consumer financing that offers access to online cash loans without any collateral requirements, complex approval procedures, or prolonged application waiting time.

Their business model utilizes the internet to enable clients’ easy access to their lending services, and they complement it by offering a quick turnaround time.

[product name="Cashwagon Cash Loan" image="https://www.imoney.ph/sites/v2.imoney.ph/files/cashwagon-opt.png" link="https://control.kochava.com/v1/cpi/click?campaign_id=koph-cashwagon-android-gyep4dhn4ed94a428d7ae&network_id=8713&ko_exchange=true&site_id=1&device_id=device_id?src=internal_article_text_online-loan-apps" target="_blank" positionlink="top_1_text_box_pl_product" feature="" cta="https://control.kochava.com/v1/cpi/click?campaign_id=koph-cashwagon-android-gyep4dhn4ed94a428d7ae&network_id=8713&ko_exchange=true&site_id=1&device_id=device_id?src=internal_article_text_online-loan-apps" target="_blank" positionbutton="top_1_btn_box_pl_product"] Absolutely no interest for first-time borrowers.[/product]

[table id=501 /]

Eligibility

• Currently residing in the Philippines
• Loan applicant must be between 20 to 60 years old
• Employed for at least 1 year

Documentary requirement

• Payslips and/or COE
• Proof of address (utility bills)

Turnaround time

• Within 24 business hours from the time of application

[block]How to apply

• Log on to their website.
• Fill in the application form.
• Wait for a call from Cashwagon
• Loan confirmation will be sent to you via SMS within 30 mins after the phone call.
• The money will be sent to your indicated bank account within minutes from receiving the SMS confirmation. [/block]

Payment option

Cashwagon can collect payments through their DragonPay payment partners, which can be accessed in the following establishments:

• 7-Eleven (Using Dragonloans)
• Bayad Center
• SM Payment Counters (Department Store, Supermarket, Savemore, Hypermarket)
• Robinsons Department Store and Supermarket
• Cebuana Lhuillier
• LBC
• Landbank ATM

[block type="tips" title="Should you consider them?"]

Cashwagon offers quick cash for those who need immediate funds to meet financial obligations. The application is also hassle-free and can be done in just a few minutes. The documentary requirement is very minimal and the release of funds is also very convenient as it’s directly transferred to your bank account or debit card.

While the application process is indeed hassle-free, this comes with a short payment term and steep interest rates in return. First-time applicants will also be limited to a maximum amount of ₱7,000 pesos, which is to be repaid within 10 days. Meanwhile, repeat borrowers will be able to borrow as much as ₱20,000 but are only given up to 30 days for the repayment.

If you’re in dire need of cash due to some emergency and payday is still a week away, perhaps their loan program best suits your immediate needs right now. [/block]

Tala Philippines

Tala is a global microfinance company that delivers its financial services solely through their app. Other than the Philippines, they also operate in Mexico, Tanzania, Kenya, and India, with over a million customers in their platform to date. 

You can conveniently apply for their loan on the go through their app, but their maximum loan amount may not be sufficient for people with big-ticket needs.

[product name="Cashwagon Cash Loan" image="https://www.imoney.ph/sites/v2.imoney.ph/files/tala-logo-opt.png" link="https://app.adjust.com/mao0xb8?campaign={campaign_name}&adgroup={sub_publisher}&creative={sub_site}?src=internal_article_text_online-loan-apps" target="_blank" positionlink="mid_1_text_box_pl_product" feature="" cta="https://app.adjust.com/mao0xb8?campaign={campaign_name}&adgroup={sub_publisher}&creative={sub_site}?src=internal_article_text_online-loan-apps" target="_blank" positionbutton="mid_1_btn_box_pl_product"] No minimum income requirement.[/product]

[table id=502 /]

Eligibility

They have no minimum income requirement and aren’t particular with your employment status. Simply download the app and upload a valid ID and you’re good to go. 

Other fees

A service fee of 11% (21 days loan tenure) or 15% (30 days loan tenure)

Documentary requirement

• Payslip
• Proof of address such as utility bills
• Valid ID

Payment option

Tala can collect payments through their DragonPay payment partners, which can be accessed in the following establishments:

• 7-Eleven (Using Dragonloans)
• Bayad Center
• Cebuana Lhuillier
• Mlhullier
• Coins.ph app

[block type="tips" title="Should you consider them?"]

Tala has very minimal requirements, however, it also comes with higher fees and interest rates at a shorter term. It may not be ideal for people who can’t cope with bulk payment or who are just financially incapable of doing so. It’s a quick cash solution with a quick repayment scheme. 

Pros: Quick approval and minimal requirement

Cons: Too many fees and very short payment term [/block]

Atome Credit Cash

Atome Credit offers a secure and transparent cash loan service that can easily be accessed through their mobile app. Atome is a brand of Neuroncredit Financing Company, Inc., a reputable Financial Technology company and subsidiary of Neuroncredit Pte Ltd (Singapore), which have been operating in the microfinancing industry since 2015.  To gain an edge from their competitors, they utilize Artificial Intelligence in providing faster and better services for their customers.

[product name="Atome Credit Cash" image="https://www.imoney.ph/sites/v2.imoney.ph/files/atome-credit-logo.png" link="http://bit.ly/2LYcQ24?src=internal_article_text_online-loan-apps" target="_blank" positionlink="bottom_1_text_box_pl_product" feature="" cta="http://bit.ly/2LYcQ24?src=internal_article_text_online-loan-apps" target="_blank" positionbutton="bottom_1_btn_box_pl_product"] Better rates for good borrowers,[/product]

[table id=503 /]
For starters, their basic requirements for the borrower are as follows:

Eligibility

• Applicant must be between 18-55 years old.
• Must have a valid government ID like license, UMID, passport, etc.
• Must have at least a GCash account if not a bank account. 

However, additional requirements may be required after credit evaluation. This can vary from one person to another depending on their financial capacity. 

Other fees

Processing fee - 0.8% per day for new borrowers and up to 5% per month for people with good payment history with Atome.

Late payment fee - 1.5% per day

Documentary requirement

• Payslip
• Proof of address such as utility bills
• Valid ID

[block type="tips" title="Should you consider them?"]

Atome Credit Cash has two types of loan offerings - a payday loan that you can get repayment terms for up to 3 months and a quick credit which is payable up to 7 days. Their 3-month term loan is a provision for people who wants better payment flexibility. However, it is essentially a short term loan with a very limited loan approval amount. 

Pros:  immediate disbursement of funds (24 to 38 hours).

Cons: Only available in Google Play (sorry iPhone users.) Low loan amount.[/block]

The post Online Cash Loans Using Apps That You Can Download Today! appeared first on iMoney.ph.

A new law has been enacted and this time it will ease the burden of paying for certain costs in our electricity bill. 

The Republic Act No 11371 or the Murang Kuryente Act was signed into law last August 8 by President Duterte. Earlier on Tuesday, August 13, Senator Sherwin Gatchalian, the chairman of the Senate Committee on Energy announced its enactment.

According to the new law,  a portion of the national government's share of the proceeds from the Malampaya Natural Gas Project will be used to pay for two items included in electricity rates paid by consumers. These two items are the stranded contract costs and stranded debts.

Stranded contract costs refer to the excess of the contracted cost of electricity under eligible independent power producer contracts over the actual selling price of the contracted energy output. Meanwhile, Stranded debts are the unpaid financial obligations of the National Power Corporation which have not been liquidated by the proceeds from the sales and privatization of NPC assets.

The newly enacted law states that ₱208 billion of proceeds from the net national government share from the Malampaya fund will be used to pay the two items. Through this, the electricity will be more affordable because these obligations are passed on to consumers. 

With the Murang Kuryente Act, a family that consumes an average of 200kWh per month can expect a decrease of at least ₱172 in their electric bill every month. This amount can already buy 2 to 4 kilos of rice, quite a significant amount that will surely help the average Filipinos stretch their budget. 
[Source]

The post Murang Kuryente Act Signed Into Law appeared first on iMoney.ph.

The six-year moratorium on ATM fee increase will soon be lifted, and as a result, the ATM withdrawal fee hike might follow. The moratorium has imposed banks to retain an affordable ATM charge since 2013. With the lifting of the moratorium,  the fees could jump to ₱30 for interbank withdrawal or even higher.

According to Makati Rep. Luis Campos Jr., banks have been wanting to jack up their ATM charges by as much as 50 percent before, based on the rates they had proposed to charge before the moratorium took effect in 2013.

Luckily, it’s not just the consumers that are wary about this, the lifting of the freeze also stoked concerns among lawmakers that banks would impose as much as a 50-percent hike on ATM fees. The House of Representatives is poised to look into the looming increase in the fee for withdrawing cash from automated teller machines (ATM) as a result of the lifting of the six-year moratorium on ATM fee increases.

In an interview, Carlos emphasized that it’s the minimum wage earners that will feel the brunt of the increase, in a statement he said:

“Even more vulnerable are our estimated 4.1 million minimum wage earners. Many of them receive and withdraw their salaries twice a month through their ATM cards at the machine nearest them.”

The increase in ATM fees would equate to increased earnings for banks. In fact, in the first half of the year alone, banks have racked up ₱110 billion in profits, 26 percent higher than what they were earning in the same period last year, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).

On the strength of Campos’ proposed House Resolution No. 210, the House committee on banks and financial intermediaries will hold an inquiry on the BSP’s memorandum lifting the moratorium on ATM fees. In his resolution, he noted that “a virtual monopoly in the network that interconnects all of the country’s 21,682 ATMs.”

“In this case, we are clearly compelled under the Consumer Act, or Republic Act No. 7394, to conduct an inquiry so as to safeguard the rights of ATM users,” Campos added. 
[Source]

The post Lawmakers To Make An Inquiry On The Looming ATM Fee Hike appeared first on iMoney.ph.