March 19, 2013
Remittances from overseas Filipino workers (OFW) continue to increase, as the Bangko Sentral ng Pilipinas recorded a total of $1.9 billion worth of personal remittances from Filipinos who work and live abroad in January 2013.
The figure is higher by 8.4% compared to the $1.7 billion level a year ago.
December 21, 2012
To those airline passengers who have missed meetings and appointments because of hours of delays, to those who have lost their luggage without either compensation or even a sincere apology from airline companies, and to those who were lured by “cheap” fares only to discover excessive hidden fees and charges, here’s an early Christmas gift for you.
December 6, 2012
Call it the “Arroyo legacy,” credit “Aquinomics,” or simply attribute it to good market fundamentals, but there are more and more reasons now to say that it is indeed more fun in the Philippines — compared to other countries.
October 12, 2012
Market researchers and brand marketers usually use five socioeconomic classes — Class A, B, C, D, E — when describing income segments of a population. In the case of the Philippines, it’s tough to describe who really comprise these segments and how much percentage they are compared to the total population due to lack of credible and substantive researches.
October 10, 2012
With its revised growth prospects despite a declining global economy, is the Philippines set to finally realize its status as one of Asia’s next tiger economies?
Possibly, as seen by upward revisions on the country’s GDP forecasts by three international lending and credit rating agencies. Read more
September 19, 2012
Hey, we have a pop quiz for you.
Look at the picture below, and choose which one among the five types you believe best describes the income structure in the Philippines and which one should be the ideal class distribution in the country.
Simply stated, choose which one among the five choices (Type 1, 2, 3, 4 or 5) exemplify the current number in Philippine society and also your ideal scenario of rich and poor people.
September 6, 2012
Filipinos working abroad, also known as Overseas Filipino Workers (OFW), never lose their basic rights as citizens of the Philippines despite being present physically in another country. OFWs retain, among others, the right to vote, the right to be protected by the State, and the right to freely enter and exit the Philippines, their home country.
With these rights, however, come the obligations and responsibilities associated with being Filipino. And one of these is the obligation to pay taxes to the Philippine government.
July 16, 2012
The cities of Makati, Tagaytay, and Pasig are the top three cities in the Philippines in terms of per capita income in 2009, while the cities of Bayawan (Negros Oriental), San Fernando (Pampanga), and San Jose Del Monte (Bulacan) are the bottom-dwellers. This is according to a May 2012 report by the National Statistical Coordination Board (NSCB).
December 28, 2011
It’s confirmed: Ramon Ang of San Miguel Corporation (SMC) is interested in acquiring a substantial interest in the country’s carrier Philippine Airlines. Ang himself confirmed this in a report by ABS-CBN News.
San Miguel Corp. is said to be in the middle of due diligence at present where they look into the financial statements and operations of PAL before making a final bid amount.
October 12, 2011
Most of us know Jaime Augusto Zobel de Ayala, Danding Cojuangco, Tony Tan Caktiong, Manny Pangilinan, Andrew Tan and various others who head the largest corporations in the Philippines. We know how daunting their task is of managing their companies on a daily basis striving to achieve profitability and to maximize their shareholders’ wealth.
Given the enormity of their roles, we are curious: How much are they paid as President or Chief Executive Officers of these companies?