All Articles With Category : Lifestyle

The latest and the best financial news, tips and tricks.

Information Technology for Boosting Health Care in the Philippines

Even if the Philippines is considered as the outsourcing capital of the world, the country lags behind other Asian countries when it comes to adopting existing IT assets for health. An expert from the Philippine Institute for Development Studies pointed out this fact in a press release from the policy think tank following the 11th Development Policy Research Month in September last year. The press release also pointed out that policymakers should use IT to push innovation in the health sector in order for more Filipinos to access and afford health care. The state of health care in the Philippines can be so dire that in Butuan City, there is just one primary care doctor for every 100,000 people. The Philippines can take cues from other Asian countries that are taking advantage of IT to promote public health care. In India, for example, there are already startups that let patients get a consultation from their doctors through over the Internet. Indian startup EHealthAccess connects patents to their doctors through a subscription service. Consultations are made over the web or the phone. Medstar is an online pharmacy startup that delivers medicines to customers. Information Technology for Health in the Philippines It’s not all gloom in the Philippines when it comes to tapping IT for healthcare. Globe Telecom, one of the country’s top broadband providers, has partnered with local software development company LiFEDATA Systems to launch a healthcare-centric suite of IT-powered services called Globe HealthCloud. HealthCloud has three applications and one of these, the HealthCloud MD, is an electronic medical record system…

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Five New Year’s Resolutions to Help You Save Money for 2014

As the New Year inches closer, you might be thinking of making a list of your New Year’s resolution. You might be thinking of going to the gym more to lose weight or gain muscles or you promise yourself to run more this year and that’s all well and good. However, you could also promise yourself that you will take several financial steps to help you save money for next year. Here are five New Year’s resolutions to help you save more money for 2014. Dine Out Less Going out for dinner with your loved one is fun—but it can also be expensive. Aside from your actual restaurant bill, you’ll have to pay for gas and parking fees and it’s also easy to do something else when you eat out—like watching a movie or going on a trip to the arcade. Before you know it, you’ve spent quite a sum of money for more than the simple dinner you originally planned. Keep dine-outs at a minimum. You could try to promise yourself to eat out just once every two weeks to save up on costs—or, learn to cook! You and your date could stay-in and whip up an exotic dish for which you could get the recipe online or watch the instructional video from YouTube. Make a Budget and Stick to It For the coming New Year, take some time to write down your expenses and build a budget around those expenses that fits your income. Your recurring expenses such as water and electric bills, or maybe even monthly housing…

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Remittances from Overseas Filipinos Reach All-Time High to $2.3B in October 2013

The Bangko Sentral ng Pilipinas reported that personal remittances from overseas Filipinos reached an all-time high of $2.3 billion in October 2013. This brings the total figure for personal remittances from OFWs to $20.5 billion for the first ten months of 2013. The October 2013 figure represents an 8.8% year-on-year rise in personal remittances. Driving the growth is the money sent by land-based workers with contracts that are longer than one year. These workers contributed three quarters of the total remittances for the January to October figure and this saw a 5.5% increase. Sea-based workers and short-term contract land-based workers saw a 7.5% increase in remittances. The BSP reported that cash remittances from OFWs that passed through banks reached a record-high level of $2.1 billion in October. Remittances coursed through banks totaled $18.5 billion for the first ten months of the year or 6% higher than the previous year. Land-based workers sent home $14.2 billion through banks which grew by 5.5%. Sea-based workers sent home $4.3 billion which grew by 7.5%. Filipino overseas workers from the U.S., Saudi Arabia, the U.K., U.A.E., Singapore, Canada, and Japan were the top sources for these remittances. The BSP cited data from the Philippine Overseas Employment Administration that showed approved job orders reached 675,966 for the first ten months of the year. Close to 40% of this figure were for land-based workers in the services, production, professional, and technical fields. Saudi Arabia, the U.A.E., Kuwait, Taiwan, Hong Kong, and Qatar were the top destinations for Filipino overseas workers. 2013 Remittances Could Exceed 2012 Figures…

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Prevent Credit Card Fraud as You Shop for the Holidays

People are doing their holiday shopping now as Christmas comes nearer—with many using their credit cards to buy gifts. Whether you’re using your credit card to shop online or offline, you can take steps to make sure you’re protected from the many credit card fraud out there. December is the strongest month for credit card use in the Philippines according to the Tribune that cited data from the Credit Card Association of the Philippines. Alex Ilagan, Credit Card Association of the Philippines’ executive director and spokesman, reminded shoppers to put away their cards after each use and to not linger at the cashier with their credit card exposed. Ilagan says they’ve received reports of people standing in line in order to memorize credit card numbers. Credit Card Safety Tips for the Pinoy Holiday Shopper But what else can credit card holders do to make sure they’re safe as they shop for gifts this holiday season? Shred any receipts that have your credit card number – You don’t want anyone knowing your credit card number, some sneaky people could also go through your trash to look for important financial information and your credit card number could be one of them. Keep an eye on your card – make sure the cashier is not taking your card away from your sight. Watch out for double swiping – the CCAP has called on establishments to refrain from double swiping customer’s credit cards. This is the practice where the card is swiped again even if the transaction has already been accepted by the card…

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Philippine Remittances Boost after Disasters

Highlighting the importance of remittances to the Philippine economy, overseas Filipino workers are set to send more money back home this year to their relatives who were affected by Typhoon Yolanda. Bloomberg cited research from Nomura Holdings Inc. that noted a remittance growth increase of 3.7 percentage points within three months after a major disaster. Remittances from the 10.5 million Filipinos that work overseas make up about 10% of the country’s gross domestic product. Filipinos are all over the world. Data from the Commission on Filipino Overseas show that there are close to 3.5 million overseas Filipinos in the U.S. alone. In Saudi Arabia, this figure is close to 1.3 million and there are another 931,562 overseas Filipinos in the United Arab Emirates. Canada and Malaysia. Hong Kong is also popular destinations for overseas Filipino workers. Table of ContentsRemittances to the Philippines Compared to the Rest of the WorldBangko Sentral ng Pilipinas Expects 5% Growth in Remittances for 2013Disasters in the Philippines Remittances to the Philippines Compared to the Rest of the World The Philippines is in the top three in terms of the amount of remittances according to the World Bank. Data on officially recorded remittances from the World Bank for 2013 shows that $26 billion will be sent back to the country by overseas Filipino workers. India is at the top of the list with $71 billion, followed by China at $60 billion. The others in the top five include Mexico ($22 billion) and Nigeria ($21 billion). All-in-all, migrants from developing countries will send home $414 billion for…

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Philippines Grabs 38th Spot in Web Index | MoneyMax.ph

The Philippines was ranked 38th out of 81 countries in the World Wide Web Foundation’s 2013 Web Index. The index considered several criteria to measure the impact of the World Wide Web on development and human rights. The index assigned scores based on universal access, relevant content, freedom, and openness, as well as impact and empowerment. Sweden again took the top spot this year, for the second time in a row, while Norway took second place this year. Taking the third to fifth spots are the U.K., the U.S., and New Zealand.  Other countries in the top ten include Denmark, Finland, Iceland, France, and the Republic of Korea. While the top spots are occupied by advanced countries, the foundation pointed out that being rich does not necessarily mean getting a high rank in the index. The Philippines was actually given as an example of this fact. Even if the per capita income in the Philippines is just at $4,410 per year, the country still ranks 10 places higher than Qatar, the world’s richest country. In this respect, the Philippines is one of the biggest overachievers along with New Zealand, Colombia, and South Korea while underperformers in the wealth and web index rankings included Saudi Arabia, UAE, and Singapore. The Philippines’ slipped in its standing in this year’s ranking. Last year, the Philippines ranked 32nd in the Web Index. Just like this year, the country was an overachiever when its overall rankings were compared to the country’s GDP in last year’s index. Chin Wong of the Manila Standard has more information…

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PLDT Announces Growth in Broadband Subscribers

PLDT announced that they were able to attain double-digit growth for their local home broadband subscriber base and that they were able to hold close to 70% of the market. PLDT’s myDSL and myBro broadband brands hold the number 1 and 2 spots in the local broadband market, according to PLDT HOME EVP and Head of Home Business Ariel Fermin. “We expect to sustain this robust double-digit performance as we aggressively expand our customer base,” Fermin adds. In the press release, Fermin also touted that they have added more content to their Fibr service. PLDT HOME’s Fibr service is the fiber optic cable-based broadband service they are now offering to over 800 subdivisions across the Philippines. This service provides connection speeds of up to 100 mbps. In line with their growth plans in the broadband space, PLDT is said to be spending about two-thirds of their P29 billion capital expenditure budget in 2014 for its broadband business. The Philippine Star cited PLDT President Napoleon Nazareno as saying that about 65% of their capex for next year will be allocated for the expansion of their broadband business while 25% will go to their fiber optic network. PLDT Broadband Numbers According to PLDT’s 2013 third quarter results, they have a total of 3.3 million broadband subscribers for the first nine months of the year. Their Smart Broadband service has a subscriber base of over 1.8 million with 1.3 million of those on the prepaid service. Sun Cellular on the other hand, has a subscriber base of over 500,000. PLDT’s fixed broadband subscriber…

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Restored Telecom Services in Yolanda-Hit Areas

Globe and Smart Communications, two of the largest telecommunication providers in the Philippines, are continuing to work on fully restoring their network coverage in Yolanda-hit areas. The two companies have also set up free calling stations in the disaster-hit areas to help survivors as they get in touch with friends and relative—not just those in the Philippines but also those abroad. Globe Telecoms’ Network Restoration Efforts in Visayas In a November 19 article from GMA, Globe’s chief technical adviser Robert Tan said their work in restoring their network is progressing steadily. In terms of percentage, GMA’s report said Globe has restored 30% of its network in Leyte, 81% in Northern Samar, 40% in Western Samar, 72% in Aklan, 18% in Capiz, and 61% in Antique. Globe announced last November 22, two weeks after the Typhoon hit central Visayas, that they’ve restored cellular service in 11 more towns in the region. These include Cabucgayan in Biliran, the towns of Leyte, Albuera, Barugo, Capoocan, and Carigara in Leyte province, Sigma in Capiz, Bulwan and Caluya in Aklan, Pandan in Antique, and Ajuy in Iloilo. The restoration of cellular coverage in those towns follows an earlier announcement of the restoration of cellular services in Borongan, Eastern Samar as well as in other towns in the provinces of Leyte, Antique, and Cebu. Globe has also set up free call stations in several locations in Yolanda-hit areas. These include two Libreng Tawag Centers in Tacloban City, Mactan, and in the Villamor airbase. They also have 32 free charging stations and free internet facilities spread throughout…

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Prepare for Shopping Marathon- Reload Your ePrepaid Card!

With BPI ePrepaid cards, you can shop from virtual marketplaces and brick-and-mortar stores. However, you need to reload your BPI ePrepaid cards before you embark on the thrilling shopping marathon. Read on to find out how to reload your BPI ePrepaid. How to Check the Balance of My ePrepaid Card You can inquire your real-time card balance through the following channels: A. Call the BPI Hotline Dial 89-100 Press 4 for the BPI Express Cash. Press 1 to inquire the card balance. Key-in the16-digit ePrepaid Card number B.  Mobile Phone Type BALEC<space> <the 16-digit ePrepaid Card number> (For example: BALEC 123456789012345) If you are a GLOBE or TM subscribers, send to 2274. If you are a SMART or TALK’N’TEXT subscriber, send to 3274. You will soon be notified about your card balance via SMS. How much does the service cost? If you are calling the BPI Hotline to inquire your balance, the cost varies depending on your phone network charge per call. If you are using the second alternative, you will be charged P2.50 for every SMS. You will be unable to inquire the balance via the BPI ATMs. How to Reload the ePrepaid Cards You can reload your ePrepaid Cards if you’ve enrolled the cards to your EOL account. Apart from reloading your cards via the BPI Express Online, you can as well use the following alternatives: BPI ATMS BPI Express Mobile BPI ExpressPhone 89-100 (Dial 1 for the Express Teller) BPI EDM/ Express Deposit Machine You can load up to P10,000 through the BPI electronic channels. If you are going to purchase big ticket items, you…

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How to Apply for the BPI ePrepaid Card

Christmas is just around the corner. Malls are again crowded with people browsing and shopping for gifts. Where else can you go shopping? You can browse and shop on your laptop, cell phones, iPad and other mobile devices at any place and anytime to avoid the rush at the malls. Apart from a stable Internet connection, the other thing you can consider having is the BPI ePrepaid Card! Read on to find out how to apply. How to Get BPI ePrepaid Cards? As mentioned in the previous article “The ePrepaid Cards- Just Grab The Card If You Love To Shop!”, there are no documents required to apply. The application approval rate for ePrepaid Cards is 100%. You can apply for this card online at BPI Express Online[1] or at any BPI branches. A. BPI Express Online 1. Select the Prepaid and Gift Card category. 2. Read through the BPI PREPAID CARDS PURCHASE AGREEMENT 3. Fill-up the BPI Prepaid Card Purchase Agreement form. 4.  Print-out the BPI Prepaid Card Purchase Agreement form after submitting. 5. After 5 to 7 banking days of submitting, visit the BPI branches to claim your card.  Don’t forget to bring the following: The print-out of the BPI Prepaid Card Purchase Agreement form One valid ID Bring along the payment for the card processing fee. The payment varies depending on the geographical region. The fee is Php500 for GMMA (NCR, Bulacan, Cavite, Laguna, Pampanga, and Rizal) dwellers while cardholders residing outside GMMA, Visayas and Mindanao need to pay Php600.  B.  At the BPI Branches You can also…

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ePrepaid Cards- Grab this Card if You Love to Shop

We are always looking for ways to make simpler shopping trips. ePrepaid cards are now one of the must-have-items in our wallet if we wish to enjoy cashless shopping. Table of ContentsSolving Problems for Online ShoppersThe BPI ePrepaid Cards with 100% Application Approval RateRe-loadable Prepaid CardNo Interest and Maintaining Balance Solving Problems for Online Shoppers There are still a lot of Filipinos without credit cards. To make a simple purchase online, they have to visit the bank and deposit their payments to the merchants’ accounts. They still need to email or fax the copy of deposit slips to the merchants. They can avoid this through getting a credit card and handling it responsibly. Let’s have a look at one of the cards offered by BPI- the BPI ePrepaid Cards. The BPI ePrepaid Cards with 100% Application Approval Rate There are some challenges you will encounter when applying for a credit card like many documents to be submitted and piles of paper to be filled out and signed. There is no 100% guarantee that the application will be approved. With its 100% approval rate, BPI ePrepaid provides a good solution to these problems. Re-loadable Prepaid Card As re-loadable prepaid cards, BPI ePrepaid Cards allow Filipinos without credit cards to shop online. This card empowers the online shopper to browse and shop in the virtual marketplaces as well as mortar-and-brick stores that are affiliated with MasterCard. No Interest and Maintaining Balance When examining financial products such as the credit cards and loans, what people look at are interest rates. With the BPI ePrepaid…

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Globe Super Surf For BlackBerry Max (Part 2): The Attractive Promo Is Going to End!

The all-in-one promotional plan-SuperSurf for BlackBerry Max (BB MAX) has been around for quite a long time already, and will soon end on August 31, 2013. Let us have a look on how to register for BB MAX. 

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Globe iPhone 5 Plans (Part 2)

At the first part of the article, we discussed about features like 4G LTE services and the GCASH American Express Virtual Pay. At the same time, there are also many privileges attached to the Globe iPhone 5 Plans. Some examples are the insurance coverage, free apps and reset programs which are readily available for the Globe iPhone 5 Plans subscribers. Read on to find out more about these bonuses!

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Globe iPhone 5 Plans (Part 1)

Going for an iPhone 5 with a Globe plan attached has quite a couple of perks. Find out which in this article. With the Globe iPhone 5 Plans, subscribers are always able to enjoy a great variety of privileges such as insurances and virtual debit cards after their purchases. Let’s have a look at the perks of the Globe iPhone 5 Plans. Table of Contents4G LTE CoverageWhat Is GCASH American Express Virtual Pay?What is The GCash Mobile Wallet?How Can I Avail from the GCASH American Express Virtual Pay? 4G LTE Coverage Long Term Evolution (LTE) is a standard for wireless communication of high-speed data for mobile phones and other data devices. It is a next-generation mobile network technology that responds to the growing demand of mobile Internet bandwidth. The subscribers of Globe iPhone 5 PostPaid plans can now experience fourth-generation Long Term Evolution (4G LTE) on their devices. With 4G LTE, they can enjoy the ultra-fast mobile Internet speeds up to 42 Mbps in any LTE-covered areas. They don’t need to upgrade their current plans or pay extra fees for this facility. However, in order to enjoy LTE coverage on their iPhone 5, they have to update their gadgets to iOS 6.1 and use an LTE Nano-SIM. What Is GCASH American Express Virtual Pay? One of the compelling features offered by the Globe to its PostPaid subscribers is the free subscription of the GCash American Express Virtual Cards for one year. Usually, the annual subscription fees for the virtual cards cost P250. However, Globe PostPaid subscribers can now grab it without…

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