I AM ON EXTREMES. I did not sleep Saturday night. After watching the Stone Cold Truth again, I stayed online until 6 in the morning. Then, I left the house 7 am and returned around 8 in the evening.
For the record, I overslept Friday night.
It is unhealthy to do so. And I received a reprimand not only from my mother but from my sisters as well. But what the heck, it is USC intramurals and foundation days. No class. Does it mean more sleep?
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I have read that Henry Sy’s Banco de Oro is pushing for a stake at Equitable PCI bank when the state-owned pension fund, Social Security System expressed their willingness to give up their 29% stake at the country’s third largest bank. However, the BDO group will still have to undergo the Swiss challenge, where Sy’s bank should match the highest price during the bidding process. This would mean that the bank might raise its earlier bid as the Asian Opportunities Fund has submitted a written offer to buy the stake at P49 each, a little higher than BDO’s P43.5 early bid.
A possible marriage of the two banks could pump more excitement to the market. But this would not be the total picture of the market in the days to come. Investors are still wary of a negative impact of rising oil prices on corporate earnings and revenues. On the average, the PSE dipped to 0.5 percent lower points and this is not a good sign for investors.
While it is positive that our country is importing more capital equipment for the telecommunication sector, there is still downside to it. Major cable operators are planning to increase their rates for the rising cost of programming. This is due to an increase of import duty between 30-35% and the scrapping of the tax credit given by Customs for this year.
Could this mean that subscribers would switch to Ernie Barron’s antenna for television receptions or just succumb to cable theft and piracy? Hmm.
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My theory is not correct. It does not mean that when shoppers crowd the mall on a three-day sale, our country is not facing an economic problem. My friend, Jasper is right when he reasoned out that most Filipinos are big spenders. He further added that the ones who buy on sale do not represent a big number of Filipinos.
Quite true, huh.
I am a walking irony. When I don’t have the money, I find the need to buy something. But when I do have cash, I end up buying nothing. Do you call that a value? Actually, when I plan out what I spend. So there is something I want to buy, I think about it for days. Often, when I do not really need that thing, I tend to back down from buying.
Perhaps, it is high time for me to consider value spending.
Given: Buy a corporate suit.
My thoughts: Suits depreciate fast.
Mysue’s thoughts: And plus, it does not gives you a return.
So probably, value spending is all about choosing things that depreciate slowly and something that has a decent ROI percentage. Now, that is quite a definition.
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