Shell is giving away P100 worth of fuel for every P1500 or more worth of fuel paid with Citibank credit card. That’s essentially a 6.67% rebate. Better than Citibank Shell credit card’s regular rebate of 5%. Until your fuel up goes over P2000, of course. It’s just a little over 2 liters at today’s prices. But hey, every drop counts!
Month: August 2010
Got a good chuckle reading the Inquirer article about what our lawmakers think of Ramon Ang’s offer to buy Pagcor for $10B. Specifically this one:
“Sen. Edgardo Angara is also backing Ang’s proposal as long as the government continues to get its share of Pagcor’s annual gross revenues, which last year reached P29 billion.”
Damn! The government gets $10B, its share of the revenues, and its tax collections!
And also this one also from the same article:
“Sen. Miguel Zubiri said that the government’s take from the casino operations could come in the form of franchise fees. “It’s a huge amount of money without the headaches and the charges of corruption,” said Zubiri.
Annual revenues of P29 billion doesn’t look nearly enough to justify a $10B valuation and probably already includes revenues from the lucrative franchising operation that is part of what Ang wants to buy!
This morning, as Michelle and I were driving off to work.
Here‘s a unique take on Inception relating it to personal finance. Who would have thought? But then the guy is a financial planner. The article is good and is a must read. Allow me to highlight a few statements that really caught my eye:
“…many are also trapped in the world of escapism and succumb to living a life of fantasy they can hardly afford.”
“The average Pinoy changes his cell phone every eight to 12 months; expensive coffee shops are mushrooming all over the metropolis; malls are sardine-packed with people, etc.”
“…the level of savings of Pinoys is well below that of many of our neighbors; consumer debt is rising in an alarming rate; we are not preparing for retirement; the number of people with financial investments or insurance remains to be one of the lowest in Asia—in short, the average Pinoy is not prepared for the future.”
“We need to wake up to our reality that we are responsible for the actions we take in personal finance and in life in general—and that’s the reality! There is no secret to achieving financial freedom and there is no shortcut—it is a process, and we build it little by little by the actions we take. There’s no substitute to industriousness, prudence and discipline. To believe otherwise is foolish.”
Ouch! I feel guilty already :D