PAL recently announced a $25 one way promo fare to major Asian destinations exclusive of taxes and surcharges. A few days later, Cebu Pacific came up with a Php 999 fare promo for the same destinations on the same travel period.

So for those wishing to travel between June 18 to October 15, 2007, you can choose between PAL and Cebu Pacific. While Cebu Pacific offer a cheaper fare, PAL provides in flight meals and more travel destinations. Online booking system of Cebu Pacific however is more user friendly than that of PAL.

Do you know that not all gasoline station are priced the same? Even if we’re talking of the same brand of gasoline, the price varies from one location to another.

Take the example of Shell unleaded gasoline. It’s suggested retail price is Php 38.02 in most Shell stations. There are stations however that sell this for Php 37.20. And there are other Shell stations that sells this for Php 36.20! That’s almost 2 Pesos off the regular price.

The area that sells the cheapest gasoline is in San Juan and Shaw Boulevard. There are other areas that have discounts as well these are the most familiar to me.

If you are holders of Shell Citibank, HSBC and SM Advantage cards, you can have 2-3% rebate for using your card as well. 

In my last post, I mentioned that the peso may have reached its peak. Since that day, the Peso continued to appreciate to Php 47.26 to the dollar.

The strength of the peso is due to the weakness of the dollar. Across all other currencies, the American dollar is at its all time low. America is in some financial trouble.

In a survey by Workabroad.ph, 55% of Filipinos views the rise of the peso as unfavorable as it lessens the purchasing power of remittance. 45% responded that this is a favorable scenario as it meant a strong economy.

So do I take my word back? Not until the peso has dropped below 46.

Just as predicted last year by HSBC, the Peso has appreciated to Php 47.50 a few weeks ago. Will the Peso continue to gain against the Dollar?

I believe the Peso has reached its peak. The Banko Sentral will not allow our currency to strengthen further to the detriment of exporters. Its time to buy Dollars now at its lowest. The will hover at this range for a while until something happens to our economy or the world economy again.