Saturday, December 28, 2013

R.A. 9505 An Act Establishing a Provident Personal Savings Plan, known as the Personal Equity and Retirement Account (PERA)

Republic Act No. 9505
An Act Establishing a Provident Personal Savings Plan, known as the Personal Equity and Retirement Account (PERA)

Be it enacted by the Senate and House of Representatives of the Philippines in Congress

SECTION 1. Title. - This Act shall be known as the “Personal Equity and Retirement Account (PERA) Act of 2008”.

SEC. 2. Declaration of Policy. - It is declared the policy of the State to promote capital
market development and savings mobilization by establishing a legal and regulatory
framework of retirement plans for persons, comprised of voluntary personal savings and
investments. The State recognizes the potential contribution of PERA to long-term fiscal
sustainability through the provision of long-term financing and reduction of social pension

SEC. 3. Definition of Terms. - Unless the context requires otherwise, the following terms
shall have the following significance as used in this Act:

(a) “Administrator” is an entity accredited by the Bureau of Internal Revenue (BIR), after prequalification
by the concerned Regulatory Authority. The Administrator shall be responsible for
overseeing the PERA, whose core functions shall include, but not limited to: reporting on
contributions made to the account, computing the values of investments, educating the
Contributor, enforcing PERA contributions and withdrawal limits, collecting appropriate taxes
and penalties for the government, securing BIR Income Tax Credit Certificates for the
Contributor, consolidating reports on all investments, income, expenses and withdrawals on
the account and ensuring that PERA contributions are invested in accordance with the
prudential guidelines set by the Regulatory Authorities.
(b) “Contributor” is any person with the capacity to contract and possesses a tax identification
number. The Contributor establishes and makes contributions to a PERA.
(c) “Custodian” is a separate and distinct entity unrelated to the Administrator, accredited by
the Bangko Sentral ng Pilipinas, providing services in connection with the custodianship of
funds and securities comprising the PERA investments.
The Custodian shall be responsible for receiving all funds in connection with the PERA,
maintaining custody of all original securities, evidence of deposits or other evidence of
investment. The Custodian shall operate independently from the Administrator. The Custodian
is required to report to the Contributor and the concerned Regulatory Authority at regular
intervals all financial transactions and all documents in its custody under a PERA.
(d) “Early withdrawal” shall pertain to any withdrawal prior to the period of distribution as set
forth under Section 12 hereof.
(e) “Investment Manager” is a regulated person or entity authorized by a Contributor to make
investment decisions for his PERA. As such, it shall assume fiduciary duty and responsibility for
PERA investments. An Investment Manager shall act with utmost fidelity by observing policies
directed towards confidentiality, scrupulous care, safety and prudent management of PERA
(f) “Personal Equity and Retirement Account (PERA)” refers to the voluntary retirement
account established by and for the exclusive use and benefit of the Contributor for the purpose
of being invested solely in PERA investment products in the Philippines. The Contributor shall
retain the ownership, whether legal or beneficial, of funds placed therein, including all
earnings of such funds.
(g) “PEW Investment Product” refers to a unit investment trust fund, mutual fund, annuity
contract, insurance pension products, pre-need pension plan, shares of stock and other
securities listed and traded in a local exchange, exchange-traded bonds or any other
investment product or outlet which the concerned Regulatory Authority may allow for PERA
purposes: Provided, however, That to qualify as a PERA investment product under this Act, the
product must be non-speculative, readily marketable, and with a track record of regular
income payments to investors.
The concerned Regulatory Authority must first approve the product before being granted taxexempt
privileges by the BIR.
(h) “Regulatory Authority” refers to the Bangko Sentral ng Pilipinas (BSP) as regards banks,
other supervised financial institutions and trust entities, the Securities and Exchange
Commission (SEC) for investment companies, investment houses, stockbrokerages and preneed
plan companies, and the Office of the Insurance Commission (OIC) for insurance
(i) “Overseas Filipino” refers to (1) an individual citizen of the Philippines who is working or
deriving income from abroad, including one who retained or reacquired his Philippine
citizenship under Republic Act No. 9225, otherwise known as the “Citizenship Retention and
Reacquisition Act of 2003”; or (2) the legitimate spouse, whether or not said spouse is of
Filipino ancestry, and the children of the Filipino citizen mentioned in item (1) hereof.

SEC. 4. Establishment of a PERA. - A Contributor may create and maintain a maximum of
five (5) PERA, at any one time: Provided, That the Contributor shall designate and maintain
only one (1) Administrator for all his PERA.
The Contributor shall make all investment decisions pertaining to his PERA. However, he bas the option of appointing an Investment Manager, either in writing or in electronic form, to
make investment decisions on his behalf without prior consultation.

SEC. 5. Maximum Annual PERA Contributions. - A Contributor may make an aggregate
maximum contribution of One hundred thousand pesos (100,000) or its equivalent in any
convertible foreign currency at the prevailing rate at the time of the actual contribution, to
his/her PERA per year: Provided, That if the Contributor is married, each of the spouses shall be entitled to make a maximum contribution of One hundred thousand pesos (P100,000) or its equivalent in any convertible foreign currency per year to his/her respective PEW: Provided, further, That if the Contributor is an overseas Filipino, he shall be allowed to make maximum contributions double the allowable maximum amount.
A Contributor has the option to contribute more than the maximum amount prescribed herein: Provided, That the excess shall no longer be entitled to a tax credit of five percent (5%).
The Secretary of Finance may adjust the maximum contribution from time to time, taking into consideration the present value of the said maximum contribution using the Consumer Price Index as published by the National Statistics Office, fiscal position of the government and other pertinent factors.

Sec. 6. Employer's Contribution. - A private employer may contribute to its employee’s
PERA to the extent of the amount allowable to the Contributor: Provided, however, That the
employer complies with the mandatory Social Security System (SSS) contribution and
retirement pay under the Labor Code of the Philippines. Such contribution shall be allowed as a deduction from the employer’s gross income. The Contributor, however, retains the
prerogative to make investment decisions pertaining to his PERA.

SEC. 7. Separate Asset. - The PERA shall be kept separate from the other assets of an
Administrator/Custodian and shall not be part of the general assets of the
Administrator/Custodian for purposes of insolvency.

Sec. 8. Tax Treatment of Contributions. - The Contributor shall be given an income tax
credit equivalent to five percent (5%) of the total PERA contribution: Provided, however, That in no instance can there be any refund of the said tax credit arising from the PERA
contributions. If the Contributor is an overseas Filipino, he shall be entitled to claim tax credit
from any tax payable to the national government under the National Internal Revenue Code of 1997, as amended.

SEC. 9. Tax Treatment of Investment Income. - All income earned from the investments
and reinvestments of the maximum amount allowed herein is tax exempt.

Sec. 10. Tax Treatment Of Distributions. - All distributions in accordance with Section 12
hereof are tax exempt.

SEC. 11. Termination. - Any premature termination shall be treated as an early withdrawal
under Section 13 hereof: Provided, That the penalties thereunder shall not apply if the entire
proceeds therefrom are immediately transferred to another PERA investment and/or another

SEC. 12. Distributions Upon Retirement/Death. - Distributions may be made upon
reaching the age of fifty-five (55) years: Povided, That the Contributor has made contributions to the PERA for at least five (5) years. The distribution shall be made in either lump sum or pension for a definite period or lifetime pension, the choice of which shall be at the option of the Contributor. The Contributor, however, has the option to continue the PERA. Complete distribution shall be made upon the death of the Contributor, irrespective of the age of the Contributor at the time of his death.

SEC.13. Penalty on Early Withdrawal. - Any early withdrawal shall be subject to a penalty,
the amount of which would be determined by the Secretary of Finance and payable to the
government: Provided, That the amount of the penalty shall in no case be less than the tax
incentives enjoyed by the Contributor.
No early withdrawal penalty shall be imposed on any withdrawal of any funds for the following purposes:
(a) For payment ofaccident or illness-related hospitalization in excess of thirty (30) days; and
(b) For payment to a Contributor who has been subsequently rendered permanently totally
disabled as defined under the Employees Compensation Law, Social Security Law and
Government Service Insurance System Law.

SEC. 14. Non-Assignability. - No portion of the assets of a PERA may be assigned, alienated, pledged, encumbered, attached, garnished, seized or levied upon. PERA assets shall not be considered assets of the Contributor for purposes of insolvency and estate taxes.

SEC. 15. Rules and Regulations. - Consistent with the policy of promoting transparency in
PERA investment and thereby affording protection to the Contributor, the Department of
Finance, the Bureau of Internal Revenue and the concerned Regulatory Authorities, with the
Bangko Sentral ng Pilipinas as lead agency, shall coordinate to establish uniform rules and
regulations pertaining to the following subject matters:
(a) Qualification and disqualification standards for Administrators, Custodians and Investment
Managers, including directors and officers thereof;
(b) Qualified and/or eligible PERA investment products;
(c) Valuation standards for PERA investments;
(d) Disclosure requirements on the terms and conditions of the PERA investments;
(e) Minimum requirements imposed on the Administrators as regards inculcating financial
literacy in investors;
(f) Ascertainment of client suitability for PERA products;
(g) Fees to be charged by the Administrator, Custodian or Investment Manager shall always
be reasonable and approved by the concerned Regulatory Authority;
(h) Record-keeping, reporting and audit requirement of Administrators and Custodians
pertaining to records for all contributions, earnings and total account balances; and
(i) Other pertinent matters to be determined by the Regulatory Authorities.

SEC. 16. Administration of Tax Incentives. - The BIR shall issue the implementing rules
and regulations regarding all aspects of tax administration relating to PERA. The BIR shall
coordinate the qualification standards of the Administrator with the Regulatory Authorities.

SEC. 17. Penalty. - A fine of not less than Fifty thousand pesos (P50,000.00) nor more than
Two hundred thousand pesos P200,000.00) or imprisonment of not less than six (6) years and one (1) day to not more than twelve (12) years or both such fine and imprisonment, at the discretion of the court, shall be imposed upon any person, association, partnership or
corporation, its officer, employee or agent, who, acting alone or in connivance withothers,
(a) Act as Administrator, Custodian or Investment Manager without being properly qualified or without being granted prior accreditation by the concerned Regulatory Authority;
(b) Invest the contribution without written or electronically authenticated authority from the
Contributor, or invest the contribution in contravention of the instructions of the Contributor;
(c) Knowingly and willfully make any statement in any application, report, or document
required to be filed under this Act, which statement is false or misleading with respect to any
material fact;
(d) Misappropriate or convert, to the prejudice of the Contributor, contributions to and
investments or income from the PERA;
(e) By gross negligence, cause any loss, conversion, or misappropriation of the contributions to, or investments from, the PEW; or
(f) Violate any provision of this Act or rules and regulations issued pursuant to this Act.
Notwithstanding the foregoing, any willful violation by the accredited Administrator, Custodian or Investment Manager of any of the provisions of this Act, or its implementing rules and regulations, or other terms and conditions of the authority to act as Administrator, Custodian or Investment Manager may be subject to the administrative sanctions provided for in applicable laws.
The above penalties shall be without prejudice to whatever civil and criminal liability provided for under applicable laws for the same act or omission.

SEC. 18. Abuse of the Tax Exemption and Privileges. - Any person, natural or juridical,
who unduly avails of the tax exemption privileges herein granted, possibly by co-mingling
PERA accounts in an investment with other investments, when such person is not entitled
hereto, shall be subject to the penalties provided in Section 17 hereof. In addition, the
offender shall refund to the government double the amount of the tax exemptions and
privileges enjoyed under this Act, plus interest of twelve percent (12%) per year from the date of enjoyment of the tax exemptions and privileges to the date of actual payment.

SEC. 19. Separability Clause. - If any provision or part hereof is held invalid or
unconstitutional, the remainder of the law or the provision not otherwise affected shall remain valid and subsisting.

SEC. 20. Repealing Clause. - All laws, decrees, orders, rules and regulations or parts thereof inconsistent with this Act are hereby amended or modified accordingly.

SEC.21. Effectivity. - This Act shall take effect fifteen (15) days following its publication in a
newspaper of general circulation: Provided, That the tax incentives granted hereunder shall
take effect on January 1, 2009.

Approved: Aug. 22, 2008 - 

Friday, December 27, 2013

PSE: EDGE new disclosure system

Dec. 27, 2013 lats trading day it go live the new online disclosure system of PSE. All listed company disclosures and announcements will no longer be updated in the PSE website. To view the latest disclosure reports it will be posted to new PSE EDGE website at

Monday, December 16, 2013

Philippine Publicly listed Companies that are Shariah-compliant

In order for PSE to encourage more Muslim brothers to invest in the stockmarket and choose companies that are Shariah-compliant. Only 47 publicly-listed Philippine companies made it to the Shariah-compliant list, that strictly excluded businesses related to alcohol, tobacco, gambling and those that earn through interest rates.

PSE partnered IdealRatings to screen the listed companies in accordance with the Accounting and Auditing of Islamic Financial Companies (AAOIFI) standards for Shariah compliance. Shariah compliance screening excludes companies with businesses in conventional interest based lending, financial institutions, pork, alcohol, intoxicants, tobacco, arms and weapons, gambling, casinos, derivatives, pornography, music/entertainment and human stem-cell research.

It also includes screening the company’s financial ratios of cash and interest bearing investments not exceeding 30%, interest bearing debts not exceeding 30% and accounts receivables not exceeding 67% of market capitalization.

Tuesday, December 10, 2013

Gus Cosio Dec.12, 2013 Stockmarket advice on PSE

Take the Advice from the Expert President of First Metro Asset Management Inc. This article is publish in FAMI facebook page.

Today was an irony in the stock market. TEL which had been in consistent decline over the past few weeks went up in the midst of all other index stocks dropping. And even with the market down 2.04% (122.54 points), the market was in a net foreign buying position of roughly Php585.5 million (ex-block sales). Normally, you'd expect otherwise because TEL is a traditional bellwether stock which usually sets market direction. Similarly, when the market experiences net foreign buying, the index normally rises; yet it went the other way today.

I had been saying for a few days now that one should start having a look at entry prices because we, the local investors, should be the ones buying ahead of foreign fund managers. That way, we will own the market at levels cheaper than the foreigners. In such a position, we will not get buffeted so much by their fickleness.

Unfortunately, most locals do not set value judgement on their own. Rather, the let the foreign funds do it for them, and they just follow the flow. While there may be conventional wisdom in the for the Philippine market, the same is not true in more developed markets. Normally, the foreigners would take their cue from local investors on an assumption that they have greater familiarity with their own stocks and its values.

Anyway, there still is opportunity for locals to take the lead. My sense is that selling of the most widely owned stock by foreigners - TEL - has already dried up. This means that many foreign funds already have their cash. Foreign selling pressure has likely waned already and that is why we saw net foreign buying today. Typical of local investors in our country, they chase the tail of foreign flows. Is it surprising why a lot of local players lose money?

My take on the market is that prices are already cheap. A stock like MBT is around 25% off its high. That to me is a deep consolidation in price considering that on a price to book basis, it is just around 1.4X. That is too cheap for such a big bank like MBT. MER is down because of the price hike controversy, but that issue should not last very long. SM is another stock that is around 30% off its highs. These are all stocks with very stable core earnings. I see very little reason why they should stay down here for long.

We locals must develop the wherewithal to judge values ourselves. We must judge not from the foreign fund managers' standpoint but from our own. When we do, we will no longer fall prey to the vagaries of foreign sentiment because we will be the ones setting the course. We will be the head, not the tail.

Friday, November 29, 2013

Fisrt Metro Philippine Enquity: Echange Traded Fund

List of Compnies under FMETF Exchange Traded Fund

Security Name



2013 MVP Bossing Award

The partnership with the PLDT SME Nation – the MVP Bossing Awards 2013. Seven Bossing awardees were named and honored for their outstanding and inspiring leadership and embodiment of innovation and technology in their businesses

1. Zest-O Corp. President Alfredo Yao was hailed as the 2013 MVP Grand Bossing. He was a success story of rags to riches. Poverty did not hinder him to succeed and enrich other people’s lives by providing them decent employment.

2.Catherine DizonPosas of Dizon Farms who grew up knowing how to grow and sell their fresh produce that eventually turned into a huge company. They planted several types of citrus products and became very successful with pomelos. The fruits also grows and exports Cavendish bananas to countries in Asia.

3. Dra. Mary Chan who founded Ideal Vision Center Inc. has a vision of helping people with their eyesight and other eye concerns. She and her husband established Ideal Vision not only to generate income, but also to help the community as well.

4. Michael Deakin of Lifeline Ambulance Rescue Inc. The accidental entrepreneur as he calls himself measures his team’s success by the number of people that they have rescued and keeps a record of it in a book. They have saved more than 5,000 lives in 17 years and is worthy to be called as the 911 of the Philippines. Their quick response and action is mainly because of training and innovation in the tools that they use.

5. Genevieve Ledesma – Tan of Southville International School and Colleges uphold and teach at her institution. Her desire to have a very good education since she was a child materialized and is now honing the youth after she founded Southville.

6.  Felix and Prudencio Garcia father and son tandem started small by selling tocino and chicharon as a backyard business which later became a hit, making way for the establishment of Mekeni Food Corp. They were able to turn adversity into opportunity for their product and company to excel as a brand.

7.  Glenn Yu of Seaoil Philippines started selling and promoting E10 in 2005 and It also preceded the whole industry in blending diesel with coco-methyl ester (CME).

Monday, November 4, 2013

True Crypt

Free open-source disk encryption software.
Main features:
- Creates a virtual encrypted disk within a file and mounts it as a real disk.
- Encrypts an entire partition or storage device such as USB flash drive or hard drive.
- Encrypts a partition or drive where Windows is installed (pre-boot authentication).
- Encryption is automatic, real-time (on-the-fly) and transparent.
- Parallelization and pipelining allow data to be read and written as fast as if the drive was not encrypted.
- Encryption can be hardware-accelerated on modern processors.
- Provides plausible deniability, in case an adversary forces you to reveal the password:
- Hidden volume (steganography) and hidden operating system.

Monday, October 28, 2013

Online Stockbrokers in the Philippines

List of PSE Registered and Licensed Online Stockbrokers in the Philippines

If you are interested in online stock investing and or trading, here's a list of PSE Registered and Licensed Online Stockbrokers in the Philippines:

Broker ID: 112
Business Address: Unit 1401-1403, 14/F Tower One & Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City
Telephone No: 898-7555
Exchange No: 891-9135
Fax No.: 898-7596
Email Address:
Company Website:
Minimum Investment (amount to open an online trading account): P10,000
Account Funding: through any Metrobank branch using ABCSI’s savings account
Broker’s Commission: 0.25% based on the total gross selling proceeds or a minimum of Php20.00 for both buyers and sellers.

Broker ID: 102
Business Address (Main): 2904-A East Tower, PSE Center, Exchange Road, Ortigas, Pasig City, 1600
Telephone No: (632) 667-8931
Exchange No: 634-6993; 634-6842
Fax No: (632) 634-2109
Email Address:
Company Website:
Minimum Investment (amount to open an online trading account): P10,000
Account Funding: Through Metro Bank, RCBC, BDO
Broker’s Commission: 0.25%of the Gross Trade Amount

Broker ID: 103
Business Address: G/F, Unit EC-05B, PSE Centre-East Tower, Exchange Rd., Ortigas Center, Pasig City
Telephone No: +63 (2) 588 1900
Exchange No: 687-0911; 687-0936
Fax No: 687-3738
Email Address:
Company Website:
Minimum Investment (amount to open an online trading account): P5,000
Account Funding: via BDO deposit, BPI Express Online, Bancnet/Megalink or Gcash thru Weepay Online Payment
Broker’s Commission: 0.25%of the gross trade amount, or Php20 for minimum volume traded, whichever is higher

Broker ID: 110
Business Address: Suite 2003-2004, The Peak, 107 L. P. Leviste Street, Salcedo Village, Makati City
Telephone No: 848-2915; 810-0930; 848-2564
Exchange No: 891-9115
Fax No: 848-2572
Email Address: /
Company Website:
Minimum Investment (amount to open an online trading account): P5,000 for students and P15,000 for professionals
Account Funding: Metrobank deposit or wire transfer
Broker’s Commission: 0.25%or P20 for minimum volume traded

Broker ID: 126
Business Address: 8/F BPI Head Office Building, Ayala Avenue corner, Paseo de Roxas, Makati City
Telephone No: 816-9190; 816-9192; 845-5541; 845-5543; 845-5289; 816-9678; 845-5735; 816-9554
Exchange No: 891-9930; 845-5541; 848-5543; 845-5545
Fax No: 818-7809; 845-5733
Email Address:
Company Website:
Minimum Investment (amount to open an online trading account): No minimum. To start trading, account must be funded.
Account Funding: BPI
Broker’s Commission: 0.25%on the gross value or a minimum commission of Php20.00

Broker ID: 203
Business Address: 2403B East Tower, PSE Centre, Exchange Road, Ortigas Center, Pasig City
Telephone No: 6-515-888
Fax No.: 634-6958; 645-4632
Email Address:
Company Website:
Minimum Investment (amount to open an online trading account): P5,000 for COL starter
Account Funding: BPI, BDO, Metrobank
Broker’s Commission: 0.25% of the gross trade amount

Broker ID: 162
Business Address: 17/F Lepanto Building, 8747 Paseo de Roxas, Makati City
Telephone No: 856-7680
Exchange No: 634-5171; 634-6917; 634-5390 to 91; 634-6217 to 18
Fax No: 813-0865
Email Address
Company Website:
Minimum Investment (amount to open an online trading account): P25,000
Account Funding: BDO, RCBC
Broker’s Commission: 0.25% on gross value or Php 20.00 whichever is higher

Broker ID: 267
Business Address: 18/F, PS Bank Center, 777 Paseo de Roxas corner, SedeƱo Street, Makati City
Telephone No: 859-0600
Exchange No: 891-9514 to 17
Fax No: 859-0699
Email Address:
Company Website:
Minimum Investment (amount to open an online trading account): For clients with a MetrobankDirect account, there is no minimum amount required to open an online trading account. For clients with no Metrobank Account, initial deposit of at least P 25,000.00 is required.
Account Funding: Metrobank
Broker’s Commission: 0.25% on gross value or Php 20.00 whichever is higher

Broker ID: 217
Business Address: 7/F, Yuchengco Tower, RCBC Plaza 6819 Ayala Avenue, Makati City
Telephone No: 889-6931 to 35

Exchange No: 845-2641
Fax No: 889-7642
Email Address:
Company Website:
Minimum Investment (amount to open an online trading account): P10,000
Account Funding: RCBC
Broker’s Commission: 0.25% on gross value or a minimum of P45 if you are living in the Philippines or P495 if you are living outside the Philippines, whichever is higher.

Broker ID: 269
Business Address: 21/F, East Tower – PSE Centre Exchange Road, Ortigas Center, Pasig City
Telephone No: 634-5038 to 42; 637-3048 to 50
Exchange No: 634-6222; 634-6225 to 29
Fax No: 634-5043
Email Address:
Company Website:
Minimum Investment (amount to open an online trading account): P10,000
Account Funding: Deposit through Union Bank, East West bank, BDO, RCBC, BPI, Metrobank
Broker’s Commission: 0.25% on gross amount of purchases or selling price

Source: -

Sunday, October 20, 2013

The Global Filipino Investor in Cagayn De Oro

We are proud to present to you our very first event in CDO! For this event, the best selling author "Entrepchamp" Paulo Tibig will be joining us to discuss the basics of building a business together with your TGFI admin team;

Paulo Tibig on Entrepreneurship 101
Floi Wycoco on Personal Finance 101
Dean Ebona on Fundamental Analysis 101
Magellan Fetalino on Technical Analysis 101

Our event will be held in Deluxe Hotel Camp Vincente Roa St CDO!

Get a chance to learn the proper way of multiplying your hard earned money by attending this event!

Early Bird Rate is only P788 with SNACKS and UNLIMITED COFFEE included already!
Regular Rate: Php 888
Please forward your participation fee to 

BPI Savings Account
Khristian DP Santos 

For paypal, our email ad used is 

After sending please email us with the copy of the transaction slip at,,

Private Messages via Facebook will also be entertained.

Reserve your slot/s now!

For inquiries please call: 09176330188 Dexter B./ 
09231588586 Floi 

[Poster credited to the artistic mind of Rex Holgado]

Julie's Bakeshop in INDONESIA

Congratulations Julie's Bakeshop! From a humble beginning in Cebu 30 years ago, now 2013 in INDONESIA! We are certainly proud of your achievements and bringing Pride on every Filipino. Yan ang Galing Ng Pinoy !

Friday, October 18, 2013

'KUROT' Principle...


Ano ‘yung Kurot Principle? Ay, ang ganda nitong Kurot Principle na ito. To better understand this, I will tell you a story of a person na balak bumili ng cellphone worth P1,000. Nagkataong mayroon siyang P100,000 na savings. Puwede ba siyang bumili ng cellphone? Puwede, kasi yung P1,000, KUROT lang ‘yon sa kanyang savings.

May pangalawang taong balak bumili ng cellphone. Ang bibilhin niya ay worth P1,000 din. Mayroon siyang savings sa bangko na P1,000. Bumili siya ng cellphone. Anong tawag dun? DAKOT na ‘yun! Dinakot lahat ang pera niya!

May pangatlong tao, balak bumili ng cellphone, pero walang savings. P1,000 lang naman ‘yung bibilhin niya. Bumili siya. Anong tawag ‘dun? UTANG na ‘yun!

Ang tanong: ano’ng prinsipyo ang ginagamit mo sa buhay mo? KUROT, DAKOT, o UTANG?

Magtataka pa ba tayo kung bakit tayo naghihirap o baon sa utang? Ang gagaling nating dumakot! Ang gagaling nating umutang! Gusto mong yumaman? Starting today, matutong kumurot. Kapag may bibilhin, dapat kinukurot lang! Nagkakaintindihan ba tayo? Kapag ginawa mo ito, pangako, yayaman ka.

Pag-aralan nating muli ang mga pinakamayayaman sa Pilipinas, ang Chinoy. Again, bakit sila mayayaman? Ang gagaling nilang… kumurot! Tayo ang gagaling nating… dumakot! Sasampolan kita…

Pinoy vs. Chinoy Businessman

May dalawang negosyanteng nagsimula ng kanilang negosyo, isang Pinoy at isang Chinoy. Ang capital nila pareho ay P100,000.

Sa unang buwan, si Pinoy, kumita ng P10,000. Ano ang iniisip bilhin? Cellphone. Si Chinoy, kumita rin ng P10,000. Ano ang gagawin niya? Idadagdag niya sa puhunan.

So magkano na ngayon ang puhunan ni Chinoy? P110,000! Si Pinoy, P100,000 pa rin, pero may bago siyang cellphone. Ang ganda!

Ituloy natin. After a few months, maganda ang takbo ng negosyo. Si Pinoy kumita ng P50,000. Ang Pilipinong may P50,000, ano ang balak bilhin? Bibili siya ng home theater, DVD, at LCD TV! Si Chinoy, kumita rin ng P50,000. Anong gagawin niya? Idadagdag uli sa puhunan niya. Magkano na ang puhunan niya? P160,000 na!

A few months later pa, ang Pinoy kumita ng P150,000! Ang Pilipinong mayroong P150,000, ano ang balak bilhin? Second-hand na kotse o pang-downpayment sa bagong kotse. Ang Chinoy, may P150,000. Ano’ng gagawin niya? Idadagdag sa puhunan! Magkano na ang puhunan niya? P310,000!

Buwan-buwan, si Pinoy kumikita. Dagdag siya ng dagdag ng gamit. Magkano ang puhunan niya? P100,000! Si Chinoy, buwan-buwan kumikita. Ano ang ginagawa niya? Dagdag ng dagdag sa puhunan niya. One day, Chinoy was able to save P1 million! So ginawa niya, he approached one supplier and said, “Supplier, kung bibili ako sa‘yo ng worth P1 million, bibigyan mo ba ako ng discount?” Hulaan mo kung ano ang sasabihin ng supplier. “Of course, ang dami mong bibilhin, kaya bibigyan kita ng additional 5% discount!”

Ngunit naisip ni Chinoy, “Hindi naman yata maganda na sa akin lahat ang 5%. Ang gagawin ko, bibigyan ko ang customers ko ng 3% discount at sa akin na lang ‘yung 2%.” Ibig sabihin, bababa ang presyo ng kanyang mga ibinebentang produkto.

It just so happened na magkatabi ang tindahan ni Chinoy at ni Pinoy. Pareho sila ng mga produktong ibinebenta. Given the situation, kanino kayo bibili? Kay Chinoy, because it’s cheaper. Ano ang mangyayari sa negosyo ni Pinoy? Malulugi na. Kasi mas mahal ang kaniyang produkto. Ano ang gagawin niya? Ibebenta niya ‘yung kotseng nabili niya ng P150,000. Sino ang bibili? Siyempre, ang maraming pera, si Chinoy. Tatawaran pa ni Chinoy ang kotse ng P80,000. Dahil gipit na si Pinoy, kahit palugi ay ibebenta na rin niya. Si Chinoy ngayon ay nagkaroon ng kotse na murang-mura lang!

After a few months, mauubos din ang P80,000 ni Pinoy. Ano ang susunod na gagawin ni Pinoy? Ang home entertainment niya ay ibebenta na rin. Magkano? P20,000 na lang. Sino ang bibili? Si Chinoy. Darating ang araw na pati ang cellphone ni Pinoy ay ibebenta na niya. Magkano niya ibebenta? P2,000 na lang! Isang araw, magsasara na ang negosyo ni Pinoy. Ano ang gagawin niya? Malamang, magtatrabaho na lang siya kay Chinoy. Ito ang kuwento ng bansang Pilipinas!

Naalala mo pa ba noong araw, mas mayayaman ang mga Pinoy kaysa sa mga Chinese. Bakit nagbago? Ano ba ang problema natin? Dakot kasi tayo ng dakot! Sila, kurot lang ng kurot!

Mayroon kaming naging participant before na nagsabi, “Sir, hindi naman totoo ‘yan! I know a Chinoy, he drives a BMW. That’s a P5 million car! Kurot ba ‘yun?” Malamang kurot ‘yun! Noong binili niya ‘yun, mayroon na siyang P100 million na savings! So kurot lang ‘yun! Nandiyan ka pa ba?

Isang Kahig, Isang Tuka

Saan ka makakakita ng mga taong isang kahig, isang tuka? Saan? Sa squatters area? Magtigil ka! Gusto mo’ng makakita ng mga taong isang kahig, isang-tuka? Sa Ortigas, sa Makati, may makikita ka.

What do I mean? Kapag hindi ka sumuweldo ng isang buwan, mabubuhay ba ang pamilya mo? Kung wala kang credit card, kung mawalan ka ng trabaho ngayon, ilang araw ang aabutin para mabuhay ng matino ang pamilya mo? Kapag nawalan ka ng suweldo, patay ka!

Ang mga Chinoy, kahit hindi muna kumita o magnegosyo, mabubuhay ng maganda. Bakit po? Kasi many years ago, kumahig sila ng kumahig at tumuka lang konti. Kaya marami sa kanila ngayon, tuka na lang ng tuka. Maraming Pinoy, kapag hindi tayo kumahig, wala tayong tutukain.

Ito ang masakit–sometimes, kahit matanda na tayo, kahig pa rin tayo ng kahig. Gaano karaming Pilipino ang 60 years old na ay trabaho pa rin ng trabaho? Puwede ba, simula ngayon, kumahig ka nang kumahig at iwasan munang tumuka. I-deprive ang sarili ng kaunti.

Ang pinakamasakit sa lahat ay ito–one day, you want to work, but you cannot work. You are already old. Why? Nagpakasasa ka kasi noong bata ka pa. Inubos mo na lahat ng lakas at kalusugan mo sa bisyo.

Tanong: Masama ba’ng bumili ng mahal? Sagot: Hindi! Basta kinukurot lang! Kapag nakakita ka ng kasamahan mong naka-Nike shoes, huwag mong husgahan kaagad iyong tao! Malay mo, kinurot lang niya iyon. At the end of the day, what is happening to other people is not important. What’s more important is what is happening to you.

The Bible says in 1 Thessalonians 4:11, “Make it your ambition to lead a quiet life. You should mind your own business and work with your hands, just as we told you.”

(Excerpted from Vic and Avelynn Garcia’s book entitled Kontento Ka Na Ba Sa KaPERAhan Mo?)

Tuesday, October 8, 2013

TGFI Head Quarters from vOffice PH

When I first read about the VOffice concept and they are now open here in the Philippines I really like the idea behind. Great Concept one way of helping start up entrepreneur to place their office in the heart of Metro Cities and VOffice PH is now located in Bonifacio Global City Fort Legend Tower, 3rd Ave and 31 st Street, Bonifacio Global City, Taguig City.

Now my TGFI Group is one of the client of vOffice take a look below. 

so for Business Start Up and looking for very nice office you can check V Office in BGC. 

Friday, October 4, 2013

InvestAbility: Stock Market Seminar, Oct. 26, 2013

InvestAbility: Stock Market Seminar on Saturday, October 26, 2013, 9am-12nn at The Ortigas Foundation, 2nd Floor Ortigas Building, Ortigas corner Meralco Avenues, Ortigas Center, Pasig City.

InvestAbility: The Stock Market is a layman’s introductory seminar for anyone who is interested, curious and would like to better understand the stock market. It will deliver fundamental information about the stock market and is thus perfect for those who are considering stock market investing but would appreciate a layman’s explanation of it. *This seminar DOES NOT teach you to invest and trade stocks. Stock picking techniques shall not be discussed. No advise re the best ‘stock’ to buy will be given.

Learning Fee: P4000
inclusive of Certificate of Participation, seminar kit and light snacks

Register Now! Email: or SMS 09178632131

-To make you what the stock market is, why it exists and how it works etc.
-To make you appreciate life long investments vs. get rich quick
-To equip you with knowledge on diversifying your investment portfolio
-To equip you knowledge on the different investment instruments that utilize the power of the stock market
-To make you understand the relationship of the stock market to other investment options
-To determine how you can take advantage of the stock market directly or indirectly

By Colayco Foundations

More info at

BPI Ka Negosyo Success Stories

One way for young entrepreneur to start a business is by crafting their ideas. writing it down is also part of the process but how they come up with those ideas in mind? Reading inspirational entrep stories or watching business documentary. Fortunately THANKS to BPI Family Savings Bank has launched its new project called BPI Nego Series.

Watched all the five videos:
Opportunities Now Open (Ice Cream Lover)

Mind Your Own Business (Employee to Entrepreneur)

The Art Of Success

Brothers Success 

Hello to the GOOD LIFE

Franchising Business is one of the great ways to start living your dreams. Its a Proven business system and model, all you have to do is follow the system.

Wednesday, October 2, 2013

Moody's upgrades Philippines to Baa3, revises outlook to positive

Singapore, October 03, 2013 -- Moody's Investors Service has today upgraded the rating of the Government of the Philippines by one notch to Baa3 from Ba1.

At the same time, Moody's has assigned a positive outlook to the rating.

The rating action concludes the review for upgrade announced on 25 July 2013.

The factors that prompted the review remain intact, namely the sustainability of the country's 1) robust economic performance; 2) ongoing fiscal and debt consolidation; and 3) political stability and improved governance.

In addition, the stability of the Philippines' funding conditions -- during the recent bout of market volatility in emerging markets -- points to the country's relative lack of vulnerability to external financial shocks, such as those arising from anticipated tapering by the US Federal Reserve of its quantitative easing policy.

In a related rating action, Moody's has upgraded the government's foreign currency shelf rating to (P)Baa3 and the ratings for the liabilities of the country's central bank, Bangko Sentral ng Pilipinas (BSP), to Baa3. These have also been assigned a positive outlook.



The Philippines' economic performance has entered a structural shift to higher growth, accompanied by low inflation. Real GDP expanded by 6.8% in 2012 and 7.6% year-on-year in the first half of 2013. These levels are among the fastest rates of growth in Asia-Pacific and across emerging markets globally. At the same time, CPI inflation remains well anchored and is currently below the central bank's target range.

The new growth path is being reinforced in part by improved fiscal management. Revenue growth has accommodated sizeable increases in infrastructure and social spending, although revenue generation remains weak when compared with investment-grade countries overall.

Nevertheless, since 2008, the Philippine government has regularly recorded fiscal deficits that are narrower than the Baa3-rated median. Primary surpluses recorded in eight of the past 10 years will likely continue over the five-year medium-term horizon, allowing for further consolidation of the government's debt burden. Yet, government debt as measured against GDP will remain higher than most similarly rated peers.

Over the past few months, the prospects of Fed tapering had only a muted effect on funding conditions for the Philippines. An underlying shift in the government's funding profile has contributed to the country's resilience to such external financial shocks. Although the Philippine government is the largest sovereign issuer of US dollar-denominated securities in the Asia-Pacific based on total debt outstanding, it is now much more reliant on domestic sources of financing. The government's improved ability to fund itself onshore reflects both the country's healthy external payments position and the ample liquidity in its banking system, which is also the only system worldwide deemed by Moody's to have a positive outlook.

In addition, the Aquino administration has maintained its popularity among voters, which in turn supports the further institutionalization of reforms for good governance. This situation has in turn been reflected in improving third-party assessments of institutional quality and international competitiveness.

The Philippines will maintain a current account surplus, which has been bolstered by remittance inflows from overseas Filipinos and services exports, particularly from the business process outsourcing sector. These flows are likely to remain strong, if not strengthen, over the outlook horizon. The Philippines' external strengths are reflected in the falling external debt to GDP ratio and the ample stock of gross international reserves, which now exceeds the country's total external debt.

Moody's has also raised the Philippines' long-term foreign currency (FC) bond ceiling to Baa1 from Baa2 as well as its long-term FC deposit ceiling to Baa3 from Ba1.

In addition, Moody's has raised the short-term FC bond ceiling to P-2 from P-3, while changing the short-term FC deposit ceiling to P-3 from "Not Prime." These ceilings act as a cap on the ratings that can be assigned to the FC obligations of other entities domiciled in the country.

The Philippines' local currency (LC) bond and deposit ceilings remain unchanged at A2.


The positive outlook for the Baa3 rating reflects the expectation of continued economic outperformance by the Philippines relative to peers, which, in turn, would further support debt consolidation and associated improvements in debt affordability and sustainability. Moreover, sustained political stability points to better prospects for reform over the second half of the current presidential administration.


Continued improvements in the country's main debt metrics and growth dynamics will support further upgrades.

In view of the currently positive outlook on the Philippines' sovereign rating, a downward rating movement is unlikely over the short term.

However, the emergence of macroeconomic instability -- which leads to a substantial deterioration in fiscal/debt metrics, a rise in debt-servicing costs, and/or an erosion of the country's external payments position -- could exert downward pressure on the rating.

GDP per capita (PPP basis, US$): 4,412 (2012 Actual) (also known as Per Capita Income)

Real GDP growth (% change): 6.8% (2012 Actual) (also known as GDP Growth)

Inflation Rate (CPI, % change Dec/Dec): 2.9% (2012 Actual)

Gen. Gov. Financial Balance/GDP: -2.4% (2012 Actual) (also known as Fiscal Balance)

Current Account Balance/GDP: 2.9% (2012 Actual) (also known as External Balance)

External debt/GDP: 32.3% (2012 Actual)

Level of economic development: Moderate level of economic resilience

Default history: At least one default event (on bonds and/or loans) has been recorded since 1983.

On 01 October 2013, a rating committee was called to discuss the rating of the Philippines, Government of. The main points raised during the discussion were: The issuer's economic fundamentals, including its economic strength, have materially increased. The issuer's institutional strength/framework has materially strengthened. The issuer's fiscal or financial strength, including its debt pr
ofile, has materially strengthened. The systemic risk in which the issuer operates has not materially changed. The issuer's susceptibility to event risks has not materially changed. An analysis of this issuer, relative to its peers, indicates that a repositioning of its rating would be appropriate.

The principal methodology used in these ratings was Sovereign Bond Ratings published in September 2013. Please see the Credit Policy page on for a copy of this methodology. 

Article from Moodys website


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