tag:blogger.com,1999:blog-81108863986059051772024-03-05T13:10:00.876-08:00Brain In Bold All about everythingDrinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.comBlogger76125tag:blogger.com,1999:blog-8110886398605905177.post-36437490650296736752016-04-11T00:46:00.000-07:002016-04-11T02:15:49.902-07:00A guide to vanishing island<div class="MsoNormal">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGgME4HxDCa9XoUoZe1A9OkCzYHY6BelY2lPLh2JargQfVFpm7H80sXK3XE0zqrjUMe_-iPo1YqIcwoLMRJ-OVFyJHRpspWyvasGwcvxNJjSypBf-Ydj2ErzicKL-SJqEl4Z2Qt4DEK6o/s1600/12472425_1766061700275388_591719458111977357_n.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGgME4HxDCa9XoUoZe1A9OkCzYHY6BelY2lPLh2JargQfVFpm7H80sXK3XE0zqrjUMe_-iPo1YqIcwoLMRJ-OVFyJHRpspWyvasGwcvxNJjSypBf-Ydj2ErzicKL-SJqEl4Z2Qt4DEK6o/s200/12472425_1766061700275388_591719458111977357_n.jpg" width="150" /></span></a></div>
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<span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;">You don’t need a tour guide to enjoy summer!!</span><br />
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<!--[endif]--><span style="font-family: "georgia" , "times new roman" , serif;"><o:p></o:p></span></span></div>
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<span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;">Vanishing locally wara wara literally it vanishes during high
tide and its seasonal during Amihan or the northeast monsoon. The wind from the
pacific blew making the waves bigger and the wave bring the sand from the deep
of the ocean to shallow waters their came the Vanishing islet. Now it’s an opportunity
for us to enjoy it before habagat southwest monsoon blew again. So enjoy it till it last!<o:p></o:p></span></div>
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<b>WHAT TO PREPARE. <o:p></o:p></b></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQDGVEgAS-vlkzvzEPCdjwZejyNbriwFAbgpLtu8bNuFFBgkQfbuA-wUCcm8-c6tklmeeF8nhetBM2Sy1o8Y7gTV3PwwQcTQA4k2CNylrrv1_1OJPQ5lwigbGL-_jNpjWg-_h51WvlGw4/s1600/P_20160403_165309_BF%255B1%255D.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;"><img border="0" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQDGVEgAS-vlkzvzEPCdjwZejyNbriwFAbgpLtu8bNuFFBgkQfbuA-wUCcm8-c6tklmeeF8nhetBM2Sy1o8Y7gTV3PwwQcTQA4k2CNylrrv1_1OJPQ5lwigbGL-_jNpjWg-_h51WvlGw4/s200/P_20160403_165309_BF%255B1%255D.jpg" width="200" /></span></a><span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;">Since its an islet, absence of grocery store is expected. First you have to prepare things like food to eat because there
is no grocery or a sari-sari store in that place because it’s an islet. I
highly recommend you to bring some tap
water to wash at least your face because salt water after it dried is sticky.
And cloths for replacement of your swimming cloths a long sleeve dress is good
for you to reduce the effect of sun burn. Don’t forget to apply lotion. <o:p></o:p></span></div>
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<span style="color: #eeeeee;"><span style="font-family: "georgia" , "times new roman" , serif;"><br /></span>
</span><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie8rQGHvX1KXaskb3g1NRxn04bkLDFM2OIIXS2LHY8LtfUoXtY8VRwVTSmwBZev3DsvxKVvvE0e3XoHy8qYPS558CuEwEW_zo0rXWdiV-gJj8zjTXnKopNGkwhusLSPlofbwC-0aYsj0I/s1600/P_20160403_160914_BF.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;"><img border="0" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie8rQGHvX1KXaskb3g1NRxn04bkLDFM2OIIXS2LHY8LtfUoXtY8VRwVTSmwBZev3DsvxKVvvE0e3XoHy8qYPS558CuEwEW_zo0rXWdiV-gJj8zjTXnKopNGkwhusLSPlofbwC-0aYsj0I/s200/P_20160403_160914_BF.jpg" width="200" /></span></a><span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;"> </span></div>
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<b><span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;">How to get there. <o:p></o:p></span></b></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDzfad7drxcclgdNUUWwsLfg57YOeO762EDAX4r7C9Ix6KzFka3fqXQGeYr2YBM43yczd9mLg0fn27U35KgGjGLe79kNRluSZp3ue33_mRrtBBrEqHKubKAVjxmefWjP3x0UADRevuW00/s1600/P_20160403_164504_BF.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;"><img border="0" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDzfad7drxcclgdNUUWwsLfg57YOeO762EDAX4r7C9Ix6KzFka3fqXQGeYr2YBM43yczd9mLg0fn27U35KgGjGLe79kNRluSZp3ue33_mRrtBBrEqHKubKAVjxmefWjP3x0UADRevuW00/s200/P_20160403_164504_BF.jpg" width="200" /></span></a><span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;"> If you are from
Legazpi City terminal look for the
passengers Van to Bacacay fare is 35 pesos only every van capacity is 12-14
passengers. You can option to get the number of the driver just in case go home
late and no more van available. If all you are in the same passenger van you
tell the driver to bring you in the Bacacay port usually van ends in the town
proper only. In the port there are many passengers boat. Available but often
times are fully book so I again recommend advancing renting or asking for the
availability of the boat. There is no regular trip to vanishing island so you
really need to rent. BTW before i forget passenger boat has passenger limit
capacity is 25-50 they big enough with comfy seats and individual life jackets.
For sea sickness those how are not use to it making your stomach full before
leaving your house is a good idea not to vomit or you can take medicine to
avoid it. Before leaving the port a regular routine inspection of the coast
guard is expected.<o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgORmYe0lA65EOe-1Aq64kEGvvTkbGm0pdWOhatPa8X0jXRW9E0rAWwAFaPSK20PfKrOvgZOpJ4dJEp9wM0qyjhvmP8gxNlk98TCOio8D0RYKg0gWUO4Vu7hgT5Bhi3A02i8mjSFIpzXKg/s1600/P_20160403_164829.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;"><img border="0" height="112" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgORmYe0lA65EOe-1Aq64kEGvvTkbGm0pdWOhatPa8X0jXRW9E0rAWwAFaPSK20PfKrOvgZOpJ4dJEp9wM0qyjhvmP8gxNlk98TCOio8D0RYKg0gWUO4Vu7hgT5Bhi3A02i8mjSFIpzXKg/s200/P_20160403_164829.jpg" width="200" /></span></a></div>
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<b><span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;">Now at the venue.<o:p></o:p></span></b></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifvLtnYVHsiiG50k7vdDUSWq326k_QFU9iu2-YNrop7eNnWCCsgFScCKpdCgbsq3hJgBJ-LZ0eVeaFHg49G-Eq3qk92DbADoEys3xLHVnlDbWN2PL9_kMYGNxMTe5vyOBJNCiHPn4rrQY/s1600/P_20160403_165309_BF.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;"><img border="0" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifvLtnYVHsiiG50k7vdDUSWq326k_QFU9iu2-YNrop7eNnWCCsgFScCKpdCgbsq3hJgBJ-LZ0eVeaFHg49G-Eq3qk92DbADoEys3xLHVnlDbWN2PL9_kMYGNxMTe5vyOBJNCiHPn4rrQY/s200/P_20160403_165309_BF.jpg" width="200" /></span></a></div>
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<span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;">You don’t have to wait until peak of low tide because it takes
hours for full low tide. You can already swim in the shallow waters. Your group
can avail the floating cottage they have cottages with tables 500 per table 2-4
tables every cottage. On the peak of low tide local villager put some foldable
tent that’s also available for rental 300 pesos only. <o:p></o:p></span></div>
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<span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;"><br /></span></div>
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<b><span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;">Dos and Don’ts’<o:p></o:p></span></b></div>
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<span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;">1. DON'T LITER ANY OF YOUR GARBAGE because it will automatically
go the sea and will add up to garbage of our oceans. Be responsible enough especially
the children you have with. <o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZxjp5Ga5TC6xmo1GUgEbX1U1MAzNyBJqPRePvIMzvlzD83aYM2yw7ePQEzb3YnyaZLGibHs5lw2fcgtiwArtIbWuIUZb9yQ-L4NS2LE2IgSAcAlKnrU_OqYnQFeQbiDEQfwT3HUIlOv8/s1600/P_20160403_172621.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;"><img border="0" height="112" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZxjp5Ga5TC6xmo1GUgEbX1U1MAzNyBJqPRePvIMzvlzD83aYM2yw7ePQEzb3YnyaZLGibHs5lw2fcgtiwArtIbWuIUZb9yQ-L4NS2LE2IgSAcAlKnrU_OqYnQFeQbiDEQfwT3HUIlOv8/s200/P_20160403_172621.jpg" width="200" /></span></a><span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;">2. Do not leave your children swimming alone. Vanishing
island surrounding waters are deeper and sometimes strong wave can bring the
kids those parts of the islet. <o:p></o:p></span></div>
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<b><span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;">ENJOY!!<o:p></o:p></span></b></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJPIS4i4jcOXrB8IORtQGy6JQko-8zN8FbdFqY80EO5kBMNQI-Qx7x6XjpwhfvPKkaoJaxhV1e6EYuRGUgytJakwNQWs95oJuy6uXT3vRa5GwN9KzoPOhixTs9Lpd34VMS3_464Fr_o2E/s1600/P_20160403_172643_BF.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;"><img border="0" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJPIS4i4jcOXrB8IORtQGy6JQko-8zN8FbdFqY80EO5kBMNQI-Qx7x6XjpwhfvPKkaoJaxhV1e6EYuRGUgytJakwNQWs95oJuy6uXT3vRa5GwN9KzoPOhixTs9Lpd34VMS3_464Fr_o2E/s200/P_20160403_172643_BF.jpg" width="200" /></span></a><span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;">Some up!!<o:p></o:p></span></div>
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<span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;">Van- 35 from Legazpi<o:p></o:p></span></div>
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<span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;">Passenger boat – depends on the boat owner (agency tour
guide charge higher) <span style="font-family: "wingdings"; mso-ascii-font-family: Arial; mso-char-type: symbol; mso-hansi-font-family: Arial; mso-symbol-font-family: Wingdings;">J</span>
<o:p></o:p></span></div>
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<span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;">Cottage- 500-2000<o:p></o:p></span></div>
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<span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;"><br /></span></div>
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<span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;">I highly recommend MB Ramil and MB Dreamer Passengers boat.<o:p></o:p></span></div>
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<span style="color: #eeeeee; font-family: "georgia" , "times new roman" , serif;"> Contact number
09294589001. <o:p></o:p></span></div>
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Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0Philippines13.350085215577717 123.8445842734374813.226469215577717 123.68322277343748 13.473701215577718 124.00594577343747tag:blogger.com,1999:blog-8110886398605905177.post-52812169746728158242016-04-11T00:03:00.000-07:002016-04-11T00:03:12.441-07:00Ann Curtis Wet look, No underwear?<div class="separator" style="clear: both; text-align: center;">
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<br />Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-39108687580776574272014-03-19T02:40:00.000-07:002014-03-19T02:40:00.092-07:00ALBAY CHURCHES<div class="separator" style="clear: both; text-align: center;">
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<br />Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-48065055428392842512014-03-13T03:14:00.000-07:002014-03-13T03:14:01.049-07:00Profile of Taipan Andrew L. Gotianun, Sr. <br />
The visionary who built a multi-billion business empire.<br />
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Andrew L. GotianunANDREW L. GOTIANUN SR. spent his teenage years salvaging ships in the Visayas to supplement the family income during and after the Second World War. After the untimely demise of his father, Gotianun found himself head of his family at the tender age of 20. It was a responsibility he took seriously.<br />
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The volatile nature of the shipping business, however, soon prompted Gotianun and his young wife, Mercedes, to explore other opportunities in Manila in the mid-50s. Armed with some borrowed money and a strong determination to succeed, the Gotianuns first ventured into second-hand car financing. Encouraged by their early success, the husband and wife team established Filinvest Credit Corporation, and later Family Bank and Trust Company (FBTC). Under Gotianun's stewardship, FBTC became one of the biggest financial institutions in the country in the 70s.<br />
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In the late 1980s, Gotianun made a strategic decision to concentrate on real estate. It proved to be a wise move as it gave Filinvest a headstart over the other real estate companies that eventually came into play. This company developed a landmark as the real estate industry was starting its meteoric rise. Today, Filinvest is among the leaders in the Philippine real estate industry.<br />
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Following the liberalization of the Philippine banking industry, Gotianun made a comeback in banking in 1994 through East West Banking Corporation. His diversified businesses today include power generation, construction and information technology. The Filinvest Group is now a multi-billion conglomerate.<br />
<br />Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-81079036188723576482014-03-06T03:30:00.000-08:002014-03-06T03:30:00.919-08:00Tony Tan Caktiong and Jollibee Success Story <br />
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Tony Tan Caktiong’s Jollibee has been one of the most admired, most copied, most innovative and most professionally-run company here in the Philippines. It has been the number one fastfood chain overtaking giants such as Mc Donalds and Kentucky Fried Chicken or KFC.<br />
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How did a local jolly red bee knocked down a multinational red-haired clown named Ronald? Let’s see another inspiring story of the founder of one of my ideal businesses. With its success, a Jollibee franchise has now a tag price of P25+ Million (US$ 500,000+). Wow!<br />
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Tony Tan Caktiong’s Life and his Jollibee company is another rags to riches story of an entrepreneur that truly inspires everyone. Tony was the third of seven siblings born to poor parents who migrated from the Fujian province in China to look for a better life here in the Philippines. His father began as a chef in a Chinese Temple. Not later on his father was invited to open a restaurant business in Davao so the whole family moved south. All together, they helped one another in managing the restaurant business which in turn became profitable. This allowed young Tony to return back to Manila and pursue his course Chemical Engineering at the University of Santo Tomas (UST).<br />
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In 1975, Tony and his colleagues went on a visit to a Magnolia Ice Cream plant located in Quezon City and learned that it was offering franchise when he saw a poster for it. By the month of May, with his family savings, he took P350,000 to grab the franchise opportunity and opened two Magnolia ice cream parlors named Cubao Ice Cream House located near the Coronet Theater, and Quiapo Ice Cream House located beside the bridge – the one going to ilalim – near a Mercury Drug outlet. They all worked hands-on but as the business propels, they noticed they could not do it all so they started to set up an organization hired store managers, and trained people.<br />
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Tony started with just two ice cream. Then after two years, he offered chicken and hamburger sandwiches, because customers were telling them they didn’t want to be eating ice cream all the time. They prepared the food in the back kitchen, and soon noticed that people were lining up more for hamburgers than for ice cream. Then in 1978, when they already had six ice cream parlors, they asked themselves: “Why don’t we change into a hamburger house?”<br />
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That was also the time they decided to incorporate and realized thet they needed a brand name. They were looking for a symbol that would represent the group, and because Tony was very impressed with Disneyland characters, they decided on a bee. The bee is a busy creature that produces honey – one of life’s sweetest things. They thought it would be a very good symbol to represent everybody. They decided they would all be very busy and happy at the same time, because if they were busy but not happy, it wouldn’t be worth it. That’s why they put the word jolly and just changed the “y” into “i” to form a brand name – JOLLIBEE.<br />
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“It wasn’t long before we heard that the multinationals were coming in – including McDonald’s. Friends started asking us if we were going to get a McDonald’s franchise but I remember saying, if you franchise, you can’t grow outside the Philippines”, says Tony.<br />
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McDonald’s came in 1982, but they didn’t feel threatened because they were a little naïve and Jollibee was doing very well. They found McDonald’s to be very good at everything, but it didn’t know the local culture. They knew the Filipino’s taste buds and what he liked in food, so they offered him flavorful and good-tasting products. He likes pasta, so they started offering spaghetti. He likes chicken, so they came up with good fried chicken by mixing different flavors. They also knew something important all along: Filipino taste is sweet. This is very Filipino – very Asian. He said: “If we eat anything sweet; we don’t really think it’s sweet; but try giving it to a foreigner and they’d be surprised.”<br />
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Tony narrates: “Filipinos also like to smell their food before they eat it. They want to be sure it smells delicious before they take a bite. Sometimes they would open a kettle and say, what’s this? It smells good! This was proved by the Langhap-Sarap advertising campaign by Basic [Footcone and Belding]. They did it for us initially for the hamburger, and when it became successful, we started using it as a campaign slogan for the other products.”<br />
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It didn’t take them long to introduce new products when they were starting out. The family members would discuss what new products customers would like, and without much marketing they’d bring something out – like spaghetti. Tony’s sister is also a good cook, so she would come up with a new recipe, they would comment on it, and then she’d fix the recipe before they started offering it. “Before, it was simple. Now, there’s a formal structure. There’s a big Research and Development (R&D) department and a marketing department. The marketing department gets inputs from customers and the products they like, and then communicate that to R&D. R&D then develops it. We have an internal taste panel that taste the food and comment on it, and when a formulation is needed they do it. The next step is a consumer panel test. We have the product taste-tested by consumers, and if it’s okay, we test the product in a few stores. Before it was easy, but now it takes three to six months to roll out a new product. Another time-consuming process is training our people on how to prepare and serve the new product.” says Tony.<br />
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Jollibee group has also become bigger. Now they have Chowking, Greenwich, Delifrance, and the recently acquired Red Ribbon. Greenwich pizza started as an over-the-counter pizza store at the Greenhills Shopping Center in San Juan, Metro Manila, in 1971. One time, the founder approached Tony to ask if they were interested – at that time she has 50 kiosks and having difficulty managing the business – when she asked them if they were interested, Tony said, “why not? Let’s form a joint venture.” They took over the management in 1994, but they retained the taste of her products because it suits the local market. On the other hand, they took over Chowking in 2000 because Chinese food is also very popular among Filipinos, but there was no good company serving the market. So they took over and worked on it.<br />
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“Delifrance is doing so-so. And the reason is because we’re still not used to eating bread as a meal – therefore, the market is limited to the AB classes. It can’t grow into a mass-market type. Our latest acquisition was Red Ribbon Bakeshop last 2005 to include cakes, rolls, breads and pastries in their line of products. For us to sustain a good growth rate on a long-term basis, we have to continue acquiring businesses”, Tony relates.<br />
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They had to let go of Binggo. They found that the convenience store was in a totally different industry. At one time, they had around 20 stores, but they found it hard supplying them because the volume they were buying for them was just too small to attract good suppliers. They had to let it go.<br />
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They’re also bullish on China because they’ve acquired Yonghe King and its 91 stores. “It’s making money. So there’s no pressure to turn it around; the challenge is how to expand the brand. China is huge; it’s like having several countries in one country. If we do well, we can have several thousand stores there. If Jollibee has more than 500 stores for 80 million Filipinos, how many stores can you put up for 1.3 Billion Chinese? Kentucky Fried Chicken alone is opening 200 stores a year in China. It’s doing very well”, says Tony.<br />
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“Many countries share our taste in food, and the opportunity is in going to China, India and Indonesia- countries with large populations. We usually do a very broad 10-year horizon but it’s not detailed. We have a five-year plan, a three-year plan, and a one-year plan. We have plans for China and India, but if we want to go to India, we’ll need a long-term plan. We might have to start putting Indian people into the organization and it would probably take at least three years before we sent them back. In China, we had an opportunity to break into the market with Yonghe, but because our people didn’t speak the language, we had to hire translators to help us out. We still send our people there, but they have to work with translators. We also need good people here. We’re lucky to be the leader, but it’s still a competitive market. You can’t afford mistakes because customers will leave if they’re not happy with you. The food business is still very basic. It’s still about taste. It’s still about How did you serve me? Is your place nice? Am I treated well? Do I get value? If you think about it, if we’re going out to eat, these are the basic things we look out for, but the execution is the difficult part. It’s not like other businesses where it’s the concept or the knowledge that’s difficult. Here, there’s no secret; it’s very easy, but it’s the execution that’s hard. If you ask a lot of restaurant, they know all these things. Executing day by day is what’s hard.”, Tony continues.<br />
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When asked what’s the secret of Jollibee’s success, Tony says: “If you have to ask, the secret of Jollibee’s success is sharing. We share our success with people; we give good compensation; we share any honor that comes our way. Actually, this idea of sharing didn’t come from me. It came from a friend. He said: You know why you’re successful? You know how to share. A lot of people do not share, but in Jollibee you share a lot with your people.”<br />
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Truly, Tony Tan Caktiong is another exemplar example of an inspiring entrepreneur. He had all the achievements from Management Man of the Year in 2002 to an Agora Award for Outstanding Marketing Achievement, from a Triple A Alumni Award from the Asian Institute of Management to a Ten Outstanding Young Men Award for Entrepreneurship. And to cap it all, he also won the World Entrepreneur of The Year 2004 by Ernst & Young besting other 31 world entrepreneur competitors.<br />
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On July 25, 2007, Jollibee Group launched Tio Pepe’s Karinderia in EDSA Central in Mandaluyong, it’s pilot restaurant to professionalize Filipino’s “Carinderia” Industry.<br />
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As of 2007, Jollibee had under its wing 1,385 stores in the country: Jollibee (583); Chowking (367); Greenwich (237); Red Ribbon (163); and Delifrance (35)<br />
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Overseas, Jollibee Group has 174 stores: Yonghe King in China (102); Jollibee in US (12); Red Ribbon in US (19); Chowking in US (12); Chowking in Dubai (7); Chowking in Indonesia (5); Jollibee in Other Countries (16) and one Chun Shui Tang, a teahouse in Taiwan.<br />
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Source: Excerpts from Go Negosyo and Entrepreneur Magazine.Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-26113454995603979502013-12-28T00:28:00.000-08:002013-12-28T00:28:07.269-08:00R.A. 9505 An Act Establishing a Provident Personal Savings Plan, known as the Personal Equity and Retirement Account (PERA)<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b><br /></b></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b>Republic Act No. 9505</b></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b>An Act Establishing a Provident Personal Savings Plan, known as the Personal Equity and Retirement Account (PERA)</b></span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Be it enacted by the Senate and House of Representatives of the Philippines in Congress</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">assembled:</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">SECTION 1. Title. - This Act shall be known as the “Personal Equity and Retirement Account (PERA) Act of 2008”.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">SEC. 2. Declaration of Policy. - It is declared the policy of the State to promote capital</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">market development and savings mobilization by establishing a legal and regulatory</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">framework of retirement plans for persons, comprised of voluntary personal savings and</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">investments. The State recognizes the potential contribution of PERA to long-term fiscal</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">sustainability through the provision of long-term financing and reduction of social pension</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">benefits.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">SEC. 3. Definition of Terms. - Unless the context requires otherwise, the following terms</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">shall have the following significance as used in this Act:</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(a) “Administrator” is an entity accredited by the Bureau of Internal Revenue (BIR), after prequalification</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">by the concerned Regulatory Authority. The Administrator shall be responsible for</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">overseeing the PERA, whose core functions shall include, but not limited to: reporting on</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">contributions made to the account, computing the values of investments, educating the</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Contributor, enforcing PERA contributions and withdrawal limits, collecting appropriate taxes</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">and penalties for the government, securing BIR Income Tax Credit Certificates for the</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Contributor, consolidating reports on all investments, income, expenses and withdrawals on</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">the account and ensuring that PERA contributions are invested in accordance with the</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">prudential guidelines set by the Regulatory Authorities.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(b) “Contributor” is any person with the capacity to contract and possesses a tax identification</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">number. The Contributor establishes and makes contributions to a PERA.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(c) “Custodian” is a separate and distinct entity unrelated to the Administrator, accredited by</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">the Bangko Sentral ng Pilipinas, providing services in connection with the custodianship of</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">funds and securities comprising the PERA investments.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">The Custodian shall be responsible for receiving all funds in connection with the PERA,</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">maintaining custody of all original securities, evidence of deposits or other evidence of</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">investment. The Custodian shall operate independently from the Administrator. The Custodian</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">is required to report to the Contributor and the concerned Regulatory Authority at regular</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">intervals all financial transactions and all documents in its custody under a PERA.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(d) “Early withdrawal” shall pertain to any withdrawal prior to the period of distribution as set</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">forth under Section 12 hereof.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(e) “Investment Manager” is a regulated person or entity authorized by a Contributor to make</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">investment decisions for his PERA. As such, it shall assume fiduciary duty and responsibility for</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">PERA investments. An Investment Manager shall act with utmost fidelity by observing policies</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">directed towards confidentiality, scrupulous care, safety and prudent management of PERA</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">funds.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(f) “Personal Equity and Retirement Account (PERA)” refers to the voluntary retirement</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">account established by and for the exclusive use and benefit of the Contributor for the purpose</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">of being invested solely in PERA investment products in the Philippines. The Contributor shall</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">retain the ownership, whether legal or beneficial, of funds placed therein, including all</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">earnings of such funds.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(g) “PEW Investment Product” refers to a unit investment trust fund, mutual fund, annuity</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">contract, insurance pension products, pre-need pension plan, shares of stock and other</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">securities listed and traded in a local exchange, exchange-traded bonds or any other</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">investment product or outlet which the concerned Regulatory Authority may allow for PERA</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">purposes: Provided, however, That to qualify as a PERA investment product under this Act, the</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">product must be non-speculative, readily marketable, and with a track record of regular</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">income payments to investors.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">The concerned Regulatory Authority must first approve the product before being granted taxexempt</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">privileges by the BIR.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(h) “Regulatory Authority” refers to the Bangko Sentral ng Pilipinas (BSP) as regards banks,</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">other supervised financial institutions and trust entities, the Securities and Exchange</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Commission (SEC) for investment companies, investment houses, stockbrokerages and preneed</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">plan companies, and the Office of the Insurance Commission (OIC) for insurance</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">companies.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(i) “Overseas Filipino” refers to (1) an individual citizen of the Philippines who is working or</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">deriving income from abroad, including one who retained or reacquired his Philippine</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">citizenship under Republic Act No. 9225, otherwise known as the “Citizenship Retention and</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Reacquisition Act of 2003”; or (2) the legitimate spouse, whether or not said spouse is of</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Filipino ancestry, and the children of the Filipino citizen mentioned in item (1) hereof.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">SEC. 4. Establishment of a PERA. - A Contributor may create and maintain a maximum of</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">five (5) PERA, at any one time: Provided, That the Contributor shall designate and maintain</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">only one (1) Administrator for all his PERA.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">make investment decisions on his behalf without prior consultation.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">SEC. 5. Maximum Annual PERA Contributions. - A Contributor may make an aggregate</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">maximum contribution of One hundred thousand pesos (100,000) or its equivalent in any</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">convertible foreign currency at the prevailing rate at the time of the actual contribution, to</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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%).</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Sec. 6. Employer's Contribution. - A private employer may contribute to its employee’s</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">PERA to the extent of the amount allowable to the Contributor: Provided, however, That the</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">employer complies with the mandatory Social Security System (SSS) contribution and</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">prerogative to make investment decisions pertaining to his PERA.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">SEC. 7. Separate Asset. - The PERA shall be kept separate from the other assets of an</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Administrator/Custodian and shall not be part of the general assets of the</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Administrator/Custodian for purposes of insolvency.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Sec. 8. Tax Treatment of Contributions. - The Contributor shall be given an income tax</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">contributions. If the Contributor is an overseas Filipino, he shall be entitled to claim tax credit</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">from any tax payable to the national government under the National Internal Revenue Code of 1997, as amended.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">SEC. 9. Tax Treatment of Investment Income. - All income earned from the investments</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">and reinvestments of the maximum amount allowed herein is tax exempt.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Sec. 10. Tax Treatment Of Distributions. - All distributions in accordance with Section 12</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">hereof are tax exempt.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">SEC. 11. Termination. - Any premature termination shall be treated as an early withdrawal</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">under Section 13 hereof: Provided, That the penalties thereunder shall not apply if the entire</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">proceeds therefrom are immediately transferred to another PERA investment and/or another</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Administrator.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">SEC. 12. Distributions Upon Retirement/Death. - Distributions may be made upon</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">SEC.13. Penalty on Early Withdrawal. - Any early withdrawal shall be subject to a penalty,</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">the amount of which would be determined by the Secretary of Finance and payable to the</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">government: Provided, That the amount of the penalty shall in no case be less than the tax</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">incentives enjoyed by the Contributor.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">No early withdrawal penalty shall be imposed on any withdrawal of any funds for the following purposes:</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(a) For payment ofaccident or illness-related hospitalization in excess of thirty (30) days; and</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(b) For payment to a Contributor who has been subsequently rendered permanently totally</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">disabled as defined under the Employees Compensation Law, Social Security Law and</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Government Service Insurance System Law.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">SEC. 15. Rules and Regulations. - Consistent with the policy of promoting transparency in</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">PERA investment and thereby affording protection to the Contributor, the Department of</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Finance, the Bureau of Internal Revenue and the concerned Regulatory Authorities, with the</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Bangko Sentral ng Pilipinas as lead agency, shall coordinate to establish uniform rules and</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">regulations pertaining to the following subject matters:</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(a) Qualification and disqualification standards for Administrators, Custodians and Investment</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Managers, including directors and officers thereof;</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(b) Qualified and/or eligible PERA investment products;</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(c) Valuation standards for PERA investments;</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(d) Disclosure requirements on the terms and conditions of the PERA investments;</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(e) Minimum requirements imposed on the Administrators as regards inculcating financial</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">literacy in investors;</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(f) Ascertainment of client suitability for PERA products;</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(g) Fees to be charged by the Administrator, Custodian or Investment Manager shall always</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">be reasonable and approved by the concerned Regulatory Authority;</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(h) Record-keeping, reporting and audit requirement of Administrators and Custodians</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">pertaining to records for all contributions, earnings and total account balances; and</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(i) Other pertinent matters to be determined by the Regulatory Authorities.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">SEC. 16. Administration of Tax Incentives. - The BIR shall issue the implementing rules</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">and regulations regarding all aspects of tax administration relating to PERA. The BIR shall</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">coordinate the qualification standards of the Administrator with the Regulatory Authorities.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">SEC. 17. Penalty. - A fine of not less than Fifty thousand pesos (P50,000.00) nor more than</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">corporation, its officer, employee or agent, who, acting alone or in connivance withothers,</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">shall:</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(a) Act as Administrator, Custodian or Investment Manager without being properly qualified or without being granted prior accreditation by the concerned Regulatory Authority;</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(b) Invest the contribution without written or electronically authenticated authority from the</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Contributor, or invest the contribution in contravention of the instructions of the Contributor;</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(c) Knowingly and willfully make any statement in any application, report, or document</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">required to be filed under this Act, which statement is false or misleading with respect to any</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">material fact;</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(d) Misappropriate or convert, to the prejudice of the Contributor, contributions to and</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">investments or income from the PERA;</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(e) By gross negligence, cause any loss, conversion, or misappropriation of the contributions to, or investments from, the PEW; or</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">(f) Violate any provision of this Act or rules and regulations issued pursuant to this Act.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">The above penalties shall be without prejudice to whatever civil and criminal liability provided for under applicable laws for the same act or omission.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">SEC. 18. Abuse of the Tax Exemption and Privileges. - Any person, natural or juridical,</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">who unduly avails of the tax exemption privileges herein granted, possibly by co-mingling</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">PERA accounts in an investment with other investments, when such person is not entitled</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">hereto, shall be subject to the penalties provided in Section 17 hereof. In addition, the</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">offender shall refund to the government double the amount of the tax exemptions and</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">SEC. 19. Separability Clause. - If any provision or part hereof is held invalid or</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">unconstitutional, the remainder of the law or the provision not otherwise affected shall remain valid and subsisting.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">SEC. 20. Repealing Clause. - All laws, decrees, orders, rules and regulations or parts thereof inconsistent with this Act are hereby amended or modified accordingly.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">SEC.21. Effectivity. - This Act shall take effect fifteen (15) days following its publication in a</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">newspaper of general circulation: Provided, That the tax incentives granted hereunder shall</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">take effect on January 1, 2009.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Approved: Aug. 22, 2008 - </span>Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-13746247134023585982013-12-27T19:01:00.001-08:002013-12-27T19:01:25.181-08:00PSE: EDGE new disclosure system<div class="separator" style="clear: both; text-align: center;">
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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 http://edge.pse.com.ph/.</span>Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-14205958522280689772013-12-26T20:33:00.000-08:002013-12-26T20:33:05.615-08:00PSE New Electronic Board <div class="separator" style="clear: both; text-align: center;">
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Photos from PSE FB page.Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-61423055830433385702013-12-16T01:34:00.000-08:002013-12-16T01:34:57.052-08:00Philippine Publicly listed Companies that are Shariah-compliant<br />
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.<br />
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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.</div>
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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.</div>
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Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-35897998048522438912013-12-10T22:01:00.000-08:002013-12-10T22:01:00.552-08:00Gus Cosio Dec.12, 2013 Stockmarket advice on PSE<span style="background-color: white; color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 17px;">Take the Advice from the Expert President of </span><a aria-haspopup="true" aria-owns="js_13" data-hovercard="/ajax/hovercard/page.php?id=113314888768050" href="https://www.facebook.com/firstmetrofunds" id="js_14" style="background-color: white; color: #3b5998; cursor: pointer; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; font-weight: bold; line-height: 18px; text-decoration: none;">First Metro Asset Management Inc.</a> <span style="background-color: white; color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 17px;">This article is publish in FAMI facebook page.</span><br />
<br style="background-color: white; color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 17px;" /><span style="background-color: white; color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 17px;">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 </span><span class="text_exposed_show" style="background-color: white; color: #333333; display: inline; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 17px;">the market experiences net foreign buying, the index normally rises; yet it went the other way today.<br /><br />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.<br /><br />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.<br /><br />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?<br /><br />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.<br /><br />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.</span>Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-43056522492407816402013-11-29T05:57:00.001-08:002013-11-29T05:57:34.781-08:00Fisrt Metro Philippine Enquity: Echange Traded Fund <span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b><u>List of Compnies under FMETF Exchange Traded Fund</u></b></span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">1. PHILIPPINE LONG DISTANCE TELEPHONE, INC.<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">2. SM INVESTMENTS CORPORATION<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">3. AYALA LAND, INC<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">4. BANK OF THE PHILIPPINE ISLANDS<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">5. SM PRIME HOLDINGS, INC.<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">6. AYALA CORPORATION<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">7. ABOITIZ EQUITY VENTURES, INC<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">8. BDO UNIBANK, INC.<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">9. METROPOLITAN BANK & TRUST COMPANY<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">10. ALLIANCE GLOBAL GROUP, INC.<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">11. UNIVERSAL ROBINA CORPORATION<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">12. INTERNATIONAL CONTAINER TERMINAL SERVICES, INC.<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">13. JG SUMMIT HOLDINGS, INC.<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">14. JOLLIBEE FOODS CORPORATION<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">15. GT CAPITAL HOLDINGS, INC.<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">16. METRO PACIFIC INVESTMENTS CORPORATION<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">17. ENERGY DEVELOPMENT (EDC) CORPORATION<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">18. GLOBE TELECOM, INC.<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">19. ABOITIZ POWER CORP.<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">20. LT GROUP, INC.<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">21. MEGAWORLD CORPORATION<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">22. DMCI HOLDINGS, INC.<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">23. ROBINSONS LAND CORPORATION<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">24. MANILA WATER COMPANY, INC.<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">25. BLOOMBERRY RESORTS CORPORATION<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">26. SAN MIGUEL CORPORATION<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">27. SEMIRARA MINING CORPORATION<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">28. PETRON CORPORATION<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">29. FIRST GEN CORPORATION<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">30.PHILEX MINING CORPORATION<span class="Apple-tab-span" style="white-space: pre;"> </span></span><br />
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<br />Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-17896828913707443072013-11-29T05:39:00.000-08:002013-11-29T05:39:15.284-08:002013 MVP Bossing Award<span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">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</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">1. <b><u>Zest-O Corp.</u></b> President <u><i>Alfredo Yao</i></u> 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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">2.<u><i>Catherine Dizon</i></u> – <b><u>Posas of Dizon Farms</u></b> 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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">3. <i><u>Dra. Mary Chan</u></i> who founded <b><u>Ideal Vision Center Inc</u></b>. 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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">4. <u><i>Michael Deakin</i></u> of <b><u>Lifeline Ambulance Rescue Inc</u></b>. 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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">5. <u><i>Genevieve Ledesma </i></u>– Tan of <b><u>Southville International School and Colleges</u></b> 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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">6. <i><u>Felix and Prudencio Garcia</u></i> 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 <b><u>Mekeni Food Corp</u></b>. They were able to turn adversity into opportunity for their product and company to excel as a brand.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">7. <i><u>Glenn Yu</u></i> of <b><u>Seaoil Philippines</u></b> started selling and promoting E10 in 2005 and It also preceded the whole industry in blending diesel with coco-methyl ester (CME).</span><br />
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Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-64073691646583566452013-11-04T02:33:00.003-08:002013-11-04T02:33:40.346-08:00True Crypt<h2 style="background-color: white; color: #494949; font-family: Helvetica, Arial, sans-serif; font-size: 19px; font-weight: normal; line-height: 24px; margin: 0px; padding: 0px;">
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Free open-source disk encryption software.</div>
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Main features:<br />- Creates a virtual encrypted disk within a file and mounts it as a real disk.<br />- Encrypts an entire partition or storage device such as USB flash drive or hard drive.<br />- Encrypts a partition or drive where Windows is installed (pre-boot authentication).<br />- Encryption is automatic, real-time (on-the-fly) and transparent.<br />- Parallelization and pipelining allow data to be read and written as fast as if the drive was not encrypted.<br />- Encryption can be hardware-accelerated on modern processors.<br />- Provides plausible deniability, in case an adversary forces you to reveal the password:<br />- Hidden volume (steganography) and hidden operating system.</div>
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<a class="ext" href="http://www.truecrypt.org/" style="color: #027ac6; text-decoration: none;" target="_blank" title="http://www.truecrypt.org">http://www.truecrypt.org</a><span class="ext" style="background-image: url(https://www.soldierx.com/sites/all/modules/contrib/extlink/extlink.png); background-position: 100% 50%; background-repeat: no-repeat no-repeat; padding-right: 12px;"></span></div>
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<a class="ext" href="http://www.truecrypt.org/downloads.php" style="color: #027ac6; text-decoration: none;" target="_blank" title="http://www.truecrypt.org/downloads.php">http://www.truecrypt.org/downloads.php</a></div>
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Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-56269720051422035932013-10-28T22:35:00.000-07:002013-10-29T19:15:44.163-07:00Online Stockbrokers in the Philippines<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">List of PSE Registered and Licensed Online Stockbrokers in the Philippines</span><br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJzAds3Rlp5hI1vHOrxvYfryfOOWj4FcgprVJJNwgRJDZxlheo3bF_4FOuNOtrF70JVxuDc0DpRItlIeK7RyS5tcSIZ9usox5KeBua40Mrcwp4aCIWY3Ibz6-LNG4Ylbjqf28Nvzl4asY/s1600/pse-logo.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJzAds3Rlp5hI1vHOrxvYfryfOOWj4FcgprVJJNwgRJDZxlheo3bF_4FOuNOtrF70JVxuDc0DpRItlIeK7RyS5tcSIZ9usox5KeBua40Mrcwp4aCIWY3Ibz6-LNG4Ylbjqf28Nvzl4asY/s200/pse-logo.jpg" width="200" /></a><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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:</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b>1. AB CAPITAL SECURITIES, INC.</b></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker ID: 112</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Business Address: Unit 1401-1403, 14/F Tower One & Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Telephone No: 898-7555</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Exchange No: 891-9135</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Fax No.: 898-7596</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Email Address: abcsi@abcapital.com.ph</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Company Website: www.abcapitalonline.com</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Minimum Investment (amount to open an online trading account): P10,000</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Account Funding: through any Metrobank branch using ABCSI’s savings account</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker’s Commission: 0.25% based on the total gross selling proceeds or a minimum of Php20.00 for both buyers and sellers.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b>2. ABACUS SECURITIES CORPORATION</b></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker ID: 102</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Business Address (Main): 2904-A East Tower, PSE Center, Exchange Road, Ortigas, Pasig City, 1600</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Telephone No: (632) 667-8931</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Exchange No: 634-6993; 634-6842</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Fax No: (632) 634-2109</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Email Address: customerservice@abacus-sec.com</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Company Website: www.abacusonline.com.ph</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Minimum Investment (amount to open an online trading account): P10,000</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Account Funding: Through Metro Bank, RCBC, BDO</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker’s Commission: 0.25%of the Gross Trade Amount</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b>3. ACCORD CAPITAL EQUITIES CORPORATION</b></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker ID: 103</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Business Address: G/F, Unit EC-05B, PSE Centre-East Tower, Exchange Rd., Ortigas Center, Pasig City</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Telephone No: +63 (2) 588 1900</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Exchange No: 687-0911; 687-0936</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Fax No: 687-3738</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Email Address: info@accordcapital.ph</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Company Website: www.philstocks.ph</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Minimum Investment (amount to open an online trading account): P5,000</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Account Funding: via BDO deposit, BPI Express Online, Bancnet/Megalink or Gcash thru Weepay Online Payment</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker’s Commission: 0.25%of the gross trade amount, or Php20 for minimum volume traded, whichever is higher</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b>4. ANGPING & ASSOCIATES SECURITIES, INC.</b></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker ID: 110</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Business Address: Suite 2003-2004, The Peak, 107 L. P. Leviste Street, Salcedo Village, Makati City</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Telephone No: 848-2915; 810-0930; 848-2564</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Exchange No: 891-9115</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Fax No: 848-2572</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Email Address: wcris@angping.com.ph / sgogola@angping.com.ph</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Company Website: www.angpingonline.com</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Minimum Investment (amount to open an online trading account): P5,000 for students and P15,000 for professionals</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Account Funding: Metrobank deposit or wire transfer</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker’s Commission: 0.25%or P20 for minimum volume traded</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b>5. BPI SECURITIES CORPORATION</b></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker ID: 126</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Business Address: 8/F BPI Head Office Building, Ayala Avenue corner, Paseo de Roxas, Makati City</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Telephone No: 816-9190; 816-9192; 845-5541; 845-5543; 845-5289; 816-9678; 845-5735; 816-9554</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Exchange No: 891-9930; 845-5541; 848-5543; 845-5545</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Fax No: 818-7809; 845-5733</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Email Address: bpitrade@bpi.com.ph</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Company Website: www.bpitrade.com</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Minimum Investment (amount to open an online trading account): No minimum. To start trading, account must be funded.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Account Funding: BPI</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker’s Commission: 0.25%on the gross value or a minimum commission of Php20.00</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b>6. COL FINANCIAL GROUP, INC.</b></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker ID: 203</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Business Address: 2403B East Tower, PSE Centre, Exchange Road, Ortigas Center, Pasig City</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Telephone No: 6-515-888</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Fax No.: 634-6958; 645-4632</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Email Address: helpdesk@colfinancial.com</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Company Website: www.colfinancial.com</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Minimum Investment (amount to open an online trading account): P5,000 for COL starter</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Account Funding: BPI, BDO, Metrobank</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker’s Commission: 0.25% of the gross trade amount</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b>7. F. YAP SECURITIES, INC.</b></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker ID: 162</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Business Address: 17/F Lepanto Building, 8747 Paseo de Roxas, Makati City</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Telephone No: 856-7680</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Exchange No: 634-5171; 634-6917; 634-5390 to 91; 634-6217 to 18</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Fax No: 813-0865</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Email Address</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Company Website: www.2tradeasia.com</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Minimum Investment (amount to open an online trading account): P25,000</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Account Funding: BDO, RCBC</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker’s Commission: 0.25% on gross value or Php 20.00 whichever is higher</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b>8. FIRST METRO SECURITIES BROKERAGE CORPORATION</b></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker ID: 267</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Business Address: 18/F, PS Bank Center, 777 Paseo de Roxas corner, Sedeño Street, Makati City</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Telephone No: 859-0600</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Exchange No: 891-9514 to 17</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Fax No: 859-0699</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Email Address: customerservice@firstmetrosec.com</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Company Website: www.firstmetrosec.com.ph</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Account Funding: Metrobank</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker’s Commission: 0.25% on gross value or Php 20.00 whichever is higher</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b>9. RCBC SECURITIES, INC.</b></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker ID: 217</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Business Address: 7/F, Yuchengco Tower, RCBC Plaza 6819 Ayala Avenue, Makati City</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Telephone No: 889-6931 to 35</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Exchange No: 845-2641</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Fax No: 889-7642</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Email Address: sales@rcbcsec.com</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Company Website: www.rcbcsec.com</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Minimum Investment (amount to open an online trading account): P10,000</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Account Funding: RCBC</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b>10. WEALTH SECURITIES, INC.</b></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker ID: 269</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Business Address: 21/F, East Tower – PSE Centre Exchange Road, Ortigas Center, Pasig City</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Telephone No: 634-5038 to 42; 637-3048 to 50</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Exchange No: 634-6222; 634-6225 to 29</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Fax No: 634-5043</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Email Address: info@wealthsecuritiesinc.com</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Company Website: www.wealthsec.net</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Minimum Investment (amount to open an online trading account): P10,000</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Account Funding: Deposit through Union Bank, East West bank, BDO, RCBC, BPI, Metrobank</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Broker’s Commission: 0.25% on gross amount of purchases or selling price</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Source: http://www.pse.com.ph - http://businesstips.ph/online-stockbrokers-in-the-philippines/</span><br />
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Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-37521551386516459982013-10-20T21:36:00.000-07:002013-10-20T21:36:37.356-07:00The Global Filipino Investor in Cagayn De Oro<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmUqJQOgnZZrCOco4gri8NbIJBCuh7d9i1Dlchhwr5XXklhUpuLRWpSmKdgHukWnu2FHFvTrgY8Va8FTZSUjAI0kDdDpQvDzD3EBEH0MyT4TeJZNV_e78uigYsx5qWLUNqtgcY29q_IZw/s1600/TGFI+-+CDO+Seminar.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmUqJQOgnZZrCOco4gri8NbIJBCuh7d9i1Dlchhwr5XXklhUpuLRWpSmKdgHukWnu2FHFvTrgY8Va8FTZSUjAI0kDdDpQvDzD3EBEH0MyT4TeJZNV_e78uigYsx5qWLUNqtgcY29q_IZw/s1600/TGFI+-+CDO+Seminar.jpg" /></a></div>
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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;</div>
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Paulo Tibig on Entrepreneurship 101</div>
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Floi Wycoco on Personal Finance 101</div>
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Dean Ebona on Fundamental Analysis 101</div>
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Magellan Fetalino on Technical Analysis 101</div>
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Our event will be held in Deluxe Hotel Camp Vincente Roa St CDO!</div>
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Get a chance to learn the proper way of multiplying your hard earned money by attending this event!</div>
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Early Bird Rate is only P788 with SNACKS and UNLIMITED COFFEE included already!</div>
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Regular Rate: Php 888</div>
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Please forward your participation fee to </div>
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BPI Savings Account</div>
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8459004638</div>
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Khristian DP Santos </div>
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For paypal, our email ad used is info@tgfiph.com </div>
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After sending please email us with the copy of the transaction slip at sarah@tgfiph.com, info@tgfiph.com, floiwycoco@gmail.com</div>
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Private Messages via Facebook will also be entertained.</div>
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Reserve your slot/s now!</div>
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For inquiries please call: 09176330188 Dexter B./ </div>
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09231588586 Floi </div>
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[Poster credited to the artistic mind of Rex Holgado]</div>
<br />Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-31636299338846132702013-10-20T21:30:00.000-07:002013-10-20T21:30:02.687-07:00Julie's Bakeshop in INDONESIA<br />
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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 !<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEid4QgA8NHQUQa9Mv2x6r9Nf6PzuzR9pGJmjRlCywYyXy2f61WAJQZnBVy5QHAdkHupJfm0YxnxroqH3cvtT5qo5JRUMs5rz4K-CQFpkb8FWBmPVqmyr6pHbdEgCvUUzQ9_ZFd5q0BorD8/s1600/julies+at+Indonesia.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEid4QgA8NHQUQa9Mv2x6r9Nf6PzuzR9pGJmjRlCywYyXy2f61WAJQZnBVy5QHAdkHupJfm0YxnxroqH3cvtT5qo5JRUMs5rz4K-CQFpkb8FWBmPVqmyr6pHbdEgCvUUzQ9_ZFd5q0BorD8/s1600/julies+at+Indonesia.jpg" height="472" width="640" /></a></div>
<br />Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-62657660985310626032013-10-18T20:29:00.000-07:002013-10-18T20:29:41.880-07:00'KUROT' Principle...<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw7c7YxPZeDfT7KgPu0uevMl_PNz0CCEVVsUM3coVSsZuEf-ZIXN6YWEA0658d6_dDNU5G4Ehp6y6MdZprv3AY4hbQIPZ8wuUrquO52OzlPeHOvvzadqsd6AeSimJA5lVVQ4efCcw3gug/s1600/KUROT.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw7c7YxPZeDfT7KgPu0uevMl_PNz0CCEVVsUM3coVSsZuEf-ZIXN6YWEA0658d6_dDNU5G4Ehp6y6MdZprv3AY4hbQIPZ8wuUrquO52OzlPeHOvvzadqsd6AeSimJA5lVVQ4efCcw3gug/s1600/KUROT.jpg" height="219" width="320" /></a></div>
<span style="background-color: white; color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 18px;"> (MUST-READ!)</span><br style="background-color: white; color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 18px;" /><br style="background-color: white; color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 18px;" /><span style="background-color: white; color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 18px;">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.</span><br style="background-color: white; color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 18px;" /><br style="background-color: white; color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 18px;" /><span style="background-color: white; color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 18px;">May pangalawang taong balak bumili ng c</span><span class="text_exposed_show" style="background-color: white; color: #333333; display: inline; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 18px;">ellphone. 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!<br /><br />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!<br /><br />Ang tanong: ano’ng prinsipyo ang ginagamit mo sa buhay mo? KUROT, DAKOT, o UTANG?<br /><br />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.<br /><br />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…<br /><br />Pinoy vs. Chinoy Businessman<br /><br />May dalawang negosyanteng nagsimula ng kanilang negosyo, isang Pinoy at isang Chinoy. Ang capital nila pareho ay P100,000.<br /><br />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.<br /><br />So magkano na ngayon ang puhunan ni Chinoy? P110,000! Si Pinoy, P100,000 pa rin, pero may bago siyang cellphone. Ang ganda!<br /><br />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!<br /><br />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!<br /><br />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!”<br /><br />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.<br /><br />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!<br /><br />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!<br /><br />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!<br /><br />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?<br /><br />Isang Kahig, Isang Tuka<br /><br />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.<br /><br />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!<br /><br />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.<br /><br />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.<br /><br />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.<br /><br />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.<br /><br />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.”<br /><br /><br />(Excerpted from Vic and Avelynn Garcia’s book entitled Kontento Ka Na Ba Sa KaPERAhan Mo?)</span>Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-72711986912482254662013-10-08T23:07:00.001-07:002013-10-08T23:07:52.848-07:00TGFI Head Quarters from vOffice PH<div class="separator" style="clear: both; text-align: left;">
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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 <a href="http://voffice.com.ph/" target="_blank">VOffice PH</a> is now located in Bonifacio Global City <span style="background-color: white; color: #222222; line-height: 16px;">Fort Legend Tower, 3rd Ave and 31 st Street, Bonifacio Global City, Taguig City.</span></span></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><span style="background-color: white; color: #222222; line-height: 16px;">Now my TGFI Group is one of the client of vOffice take a look below. </span></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEaCai9kG8PkVjCaREy6ktVvDc9AqfKrszrdOaiuRXOsqbI8nR9Qf7E71Ixa4SguI-ZHfKn6enB5Y2n9__85oQst-1uFVgHF-Lo6FnK9JbL6CA69geKzymDJdF5o1YQVvrz6iiCFIqCzg/s1600/TGFI+office++-V+Offcie.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEaCai9kG8PkVjCaREy6ktVvDc9AqfKrszrdOaiuRXOsqbI8nR9Qf7E71Ixa4SguI-ZHfKn6enB5Y2n9__85oQst-1uFVgHF-Lo6FnK9JbL6CA69geKzymDJdF5o1YQVvrz6iiCFIqCzg/s640/TGFI+office++-V+Offcie.jpg" width="640" /></span></a></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">so for Business Start Up and looking for very nice office you can check V Office in BGC. </span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-16063673027256162013-10-07T17:46:00.001-07:002013-10-07T17:46:11.063-07:00Learning Opportunity: TGFI in Cagayan De Oro <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3Negk2w_HALfSard5Gdpfvq7DTdSj3hqdVNYdHuMm4XGb6NLNmSTOVPw_sUIL5Ht5-zOftNENh3Gim6eFIz63dr2xry0vwFbMGYW-YQCqkrpR-vlzL6nv4jIVz7LNbPM6d0ffNyApgic/s1600/TGFI+-+CDO+Seminar.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3Negk2w_HALfSard5Gdpfvq7DTdSj3hqdVNYdHuMm4XGb6NLNmSTOVPw_sUIL5Ht5-zOftNENh3Gim6eFIz63dr2xry0vwFbMGYW-YQCqkrpR-vlzL6nv4jIVz7LNbPM6d0ffNyApgic/s1600/TGFI+-+CDO+Seminar.jpg" /></a></div>
<br />Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-83226135628620324212013-10-04T20:27:00.000-07:002013-10-04T20:27:53.365-07:00InvestAbility: Stock Market Seminar, Oct. 26, 2013<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9ga6qPMJn6dQvYbCTXlypRwTklZAO__BzX6CqoS3XDAVfc-5Hwlzux9ts_JIGVLz6dBTdwfGvx-IQav0jAECskFyO1M7R_IZPIp5UO0_0hpH2-4ml5hLhsDksrum5qpjdSb2y_mKBMTU/s1600/investability-stock-market-seminar.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9ga6qPMJn6dQvYbCTXlypRwTklZAO__BzX6CqoS3XDAVfc-5Hwlzux9ts_JIGVLz6dBTdwfGvx-IQav0jAECskFyO1M7R_IZPIp5UO0_0hpH2-4ml5hLhsDksrum5qpjdSb2y_mKBMTU/s1600/investability-stock-market-seminar.jpg" height="640" width="492" /></a></div>
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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.<br />
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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.<br />
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Learning Fee: P4000<br />
inclusive of Certificate of Participation, seminar kit and light snacks<br />
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Register Now! Email: training@colaycofoundation.com or SMS 09178632131<br />
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Objectives:<br />
-To make you what the stock market is, why it exists and how it works etc.<br />
-To make you appreciate life long investments vs. get rich quick<br />
-To equip you with knowledge on diversifying your investment portfolio<br />
-To equip you knowledge on the different investment instruments that utilize the power of the stock market<br />
-To make you understand the relationship of the stock market to other investment options<br />
-To determine how you can take advantage of the stock market directly or indirectly<br />
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By Colayco Foundations<br />
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More info at http://www.colaycofoundation1.com/public-seminars-events/investability-stock-market/<br />
<br />Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-39216466610312105882013-10-04T20:17:00.001-07:002013-10-04T20:17:30.905-07:00BPI Ka Negosyo Success Stories <br />
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.<br />
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Watched all the five videos:<br />
<b>Opportunities Now Open (Ice Cream Lover)</b><br />
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<b>Mind Your Own Business (Employee to Entrepreneur)</b><br />
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<b>The Art Of Success</b><br />
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<b>Brothers Success </b><br />
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<b>Hello to the GOOD LIFE</b><br />
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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.<br />
Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-6543641387921579872013-10-02T21:50:00.000-07:002013-10-02T21:50:11.299-07:00Moody's upgrades Philippines to Baa3, revises outlook to positive<br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">At the same time, Moody's has assigned a positive outlook to the rating.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">The rating action concludes the review for upgrade announced on 25 July 2013.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">RATINGS RATIONALE</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">RATIONALE FOR THE UPGRADE</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">The Philippines' local currency (LC) bond and deposit ceilings remain unchanged at A2.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">RATIONALE FOR THE POSITIVE OUTLOOK</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">WHAT COULD CHANGE THE RATING UP/DOWN</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Continued improvements in the country's main debt metrics and growth dynamics will support further upgrades.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">In view of the currently positive outlook on the Philippines' sovereign rating, a downward rating movement is unlikely over the short term.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">GDP per capita (PPP basis, US$): 4,412 (2012 Actual) (also known as Per Capita Income)</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Real GDP growth (% change): 6.8% (2012 Actual) (also known as GDP Growth)</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Inflation Rate (CPI, % change Dec/Dec): 2.9% (2012 Actual)</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Gen. Gov. Financial Balance/GDP: -2.4% (2012 Actual) (also known as Fiscal Balance)</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Current Account Balance/GDP: 2.9% (2012 Actual) (also known as External Balance)</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">External debt/GDP: 32.3% (2012 Actual)</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Level of economic development: Moderate level of economic resilience</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Default history: At least one default event (on bonds and/or loans) has been recorded since 1983.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">The principal methodology used in these ratings was Sovereign Bond Ratings published in September 2013. Please see the Credit Policy page on www.moodys.com for a copy of this methodology. </span><br />
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Article from<a href="https://www.moodys.com/research/Moodys-upgrades-Philippines-to-Baa3-revises-outlook-to-positive--PR_283602" target="_blank"> Moodys website</a></span>Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-56330089996880278432013-08-22T21:22:00.000-07:002013-08-22T21:22:01.322-07:00top 10 Billionaire of the Philippines 2013 Forbes list<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHGt4YGw3HrjTVV8GqQk_vT0rkztbXXe4tixymJTtjoTMqzl1sKeB9dd9xYlY0tYWKLODjlisJ3FHKaMpzKrerqXXHBlV982YNRIhTHmYYpVfqTVXlJlhkDe_6yVh0Ph7Bm6R_GZGqjAA/s1600/john-gokongwei-jr_170x170.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHGt4YGw3HrjTVV8GqQk_vT0rkztbXXe4tixymJTtjoTMqzl1sKeB9dd9xYlY0tYWKLODjlisJ3FHKaMpzKrerqXXHBlV982YNRIhTHmYYpVfqTVXlJlhkDe_6yVh0Ph7Bm6R_GZGqjAA/s1600/john-gokongwei-jr_170x170.jpg" /></a><br />
(1.)Henry Sy & family<br />
Net Worth $12 B As of July 2013 <br />
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Age: 88<br />
Source of Wealth: diversified, self-made<br />
Residence: Manila, Philippines<br />
Country of Citizenship: Philippines<br />
Education: Bachelor of Arts / Science, Far Eastern University<br />
Marital Status: Married<br />
Children: 6<br />
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Forbes Lists<br />
#1 The Philippines 50 Richest<br />
#1 in 2012<br />
#68 Billionaires<br />
#1 in Philippines<br />
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-The Philippines' richest person Henry Sy saw his fortune swell by $2.9 billion, boosted by the surge in shares of his SM Investments, the country's most valuable company, which reported record profits of over $570 million in 2012. Putting rumors to rest, group announced in May that it would be merging its vast property assets under mall operator SM Prime Holdings, to create what could potentially be the country's biggest developer with an estimated market cap of $14 billion. Son Henry Sy Jr will chair combined unit while son Hans will remain president.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6vmIMTLljfPCRSXAPLA1BB0bjm6R_mDQOmzgZSLrPdtmOPr4fzjU50UD9RCI68YTZb0-FpSEwTHsq5tTc-M21QC7yco42j-Bafk46bE6gUp8t31Jtz0gxMyuVIjWtZpJ8d7QvOVbac3M/s1600/lucio+tan+-186x282.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6vmIMTLljfPCRSXAPLA1BB0bjm6R_mDQOmzgZSLrPdtmOPr4fzjU50UD9RCI68YTZb0-FpSEwTHsq5tTc-M21QC7yco42j-Bafk46bE6gUp8t31Jtz0gxMyuVIjWtZpJ8d7QvOVbac3M/s1600/lucio+tan+-186x282.jpg" /></a></div>
(2.)Lucio Tan & family<br />
Net Worth $7.5 B As of July 2013<br />
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Age: 79<br />
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Source of Wealth: diversified, self-made<br />
Residence: Manila, Philippines<br />
Country of Citizenship: Philippines<br />
Education: Bachelor of Arts / Science, Far Eastern University<br />
Marital Status: Married<br />
Children: 6<br />
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Forbes Lists<br />
#2 The Philippines 50 Richest<br />
#2 in 2012<br />
#248 Billionaires<br />
#2 in Philippines<br />
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-Lucio Tan, the Philippines' second richest person and this year's biggest gainer, got a $3 billion boost after consolidating his private holdings into LT Group, including Asia Brewery, maker of popular Beer na Beer, and stake in Philip Morris Fortune Tobacco, which has an estimated 80% market share of the country's cigarette market. Shares are up five fold since last year's listing. Follow-on offer in April which reduced his stake to 74% , raised $920 million, in what was the country's biggest public issue to date. After selling his 49% stake in Philippine Airlines to San Miguel last year, Tan said he may sell the remaining 51%. PAL Holdings, through which he owns most of that stake, did a private placement after trading in its shares was halted in January for failing to meet a 10% public float rule. Son Michael is president of LT Group. Also owns Hong Kong based Eton Properties.<br />
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(3.)Andrew Tan<br />
Net Worth $4.6 B As of July 2013<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlvMSvRQ-KeCkShOH3CI8XmuJLjYVbENRHfWW2bpfBf7pAryGI1yuzUtqiAvhlR4B87-5jk5C1sep5EnIVzxaEk1hZ9WWOJwVk2954L3YEN2PFOEHqMcd_LftndcVCiYDVTqzmNMbcdq4/s1600/andrew+tan+-186x282.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlvMSvRQ-KeCkShOH3CI8XmuJLjYVbENRHfWW2bpfBf7pAryGI1yuzUtqiAvhlR4B87-5jk5C1sep5EnIVzxaEk1hZ9WWOJwVk2954L3YEN2PFOEHqMcd_LftndcVCiYDVTqzmNMbcdq4/s1600/andrew+tan+-186x282.jpg" /></a></div>
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Age: 61<br />
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Source of Wealth: Diversified, self-made<br />
Residence: Philippines<br />
Country of Citizenship: Philippines<br />
Education: Bachelor of Arts / Science, Far Eastern University<br />
Marital Status: Married<br />
Children: 4<br />
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Forbes Lists<br />
#3 The Philippines 50 Richest<br />
#6 in 2012<br />
#345 Billionaires<br />
#4 in Philippines<br />
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-Andrew Tan doubled his fortune and climbed three spots to Number 3, as shares of his holding firm Alliance Global zoomed. With interests in food and beverage, real estate, gaming, the company reported an 18% jump in net profits to $113 million in the last quarter. Planned IPO of Resorts World Manila, which he controls with casino operator Genting Hong Kong reportedly postponed in late June. Son of a factory worker, worked in a watch store to pay for college. Started selling kitchen appliances before making his first fortune in brandy.<br />
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(4.)Enrique Razon, Jr.<br />
Net Worth $4.5 B As of July 2013 <br />
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At<br />
Age: 53<br />
Source of Wealth: Ports<br />
Residence: Manila, Philippines<br />
Country of Citizenship: Philippines<br />
Marital Status: Married<br />
Children: 2<br />
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Forbes Lists<br />
#4 The Philippines 50 Richest<br />
#3 in 2012<br />
#258 Billionaires<br />
#3 in Philippines<br />
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Shares of Enrique (Ricky) Razon's International Container Terminal Services, which owns 28 ports in 19 countries, gained by a third on rising shipments. It recently snatched a $624 million contract to manage a port in the Honduras. His casino operator Bloomberry Resorts opened the doors to its $ 1billion Solaire Resorts & Casino in March. Daughter Katrina is a DJ and music composer. He backs the Philippines Golf Tour.<br />
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(5.)John Gokongwei, Jr.<br />
Net Worth $3.4 B As of July 2013 <br />
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Age: 85<br />
Source of Wealth: Diversified<br />
Residence: Manila, Philippines<br />
Country of Citizenship: Philippines<br />
Education: La Salle College<br />
Marital Status: Married<br />
Children: 6<br />
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Forbes Lists<br />
#5 The Philippines 50 Richest<br />
#4 in 2012<br />
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-JG Summit, conglomerate that John Gokongwei founded, recently put off the IPO of its Robinsons Retail Group which owns the Toys R Us franchise, among much else. In June, group's low cost airline Cebu Pacific caused Davao airport to close for more than 24 hours after one of its planes skidded off the runway during landing. Talks with Japanese gambling mogul Kazuo Okada to jointly develop a casino in Manila Bay fell apart in May. Go Hotels, group's foray into no-frills accommodations, opened its sixth property recently. Brother James Go chairs JG Summit; son Lance is president.<br />
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(6.)Jaime Zobel de Ayala & family<br />
Net Worth <br />
$3.1 B As of July 2013 <br />
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Age: 79<br />
Source of Wealth: Diversified<br />
Residence: Manila, Philippines<br />
Country of Citizenship: Philippines<br />
Education: Harvard University; De La Salle University<br />
Marital Status: Married<br />
Children: 7<br />
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Forbes Lists<br />
#6 The Philippines 50 Richest<br />
#7 in 2012<br />
#349 Billionaires (2007)<br />
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-Jamie Zobel de Ayala, chairman emeritus of Ayala Corp., Philippines oldest conglomerate, saw shares surge by a third in past year on strong revenues, profits in banking, real estate and water businesses. Net income in latest quarter jumped 29% to $105 million. Group plans to invest $3 billion this year across businesses. A proposal to merge his Bank of the Philippines Islands with Lucio Tan's (No 2) Philippine National Bank unravelled. Group was recently appointed distributor for Volkswagen in the Philippines. Family stake held by his seven children. Jaime Augusto, eldest, is chairman; son Fernando is vice-chairman.<br />
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(7)Family Aboitiz<br />
Net Worth $3 B As of July 2013 <br />
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Source of Wealth: Diversified<br />
Residence: Philippines<br />
Country of Citizenship: Philippines<br />
Forbes Lists<br />
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#7 The Philippines 50 Richest<br />
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-Family that controls Cebu-based conglomerate Aboitiz Equity Ventures, enters top 10 as fortune, earlier split and listed separately under patriarch Enrique who died in January, and his nephew Jon Ramon, now represents combined interest of wider clan. Cash- rich company is planning to spend $1.4 billion this year, mostly earmarked for its power business. In April, it agreed to partner with Ayala Land to develop properties in Cebu and bid for a new airport project. Announced plans in May to venture into water treatment and distribution<br />
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(8.)David Consunji<br />
Net Worth $2.7 B As of July 2013 <br />
<br />
Age: 91<br />
Source of Wealth: Construction, self-made<br />
Residence: Manila, Philippines<br />
Country of Citizenship: Philippines<br />
Marital Status: Married<br />
Children: 8<br />
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Forbes Lists<br />
#8 The Philippines 50 Richest<br />
#5 in 2012<br />
#503 Billionaires<br />
#5 in Philippines<br />
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-Former concrete inspector David Consunji went on to earn acclaim as country's "father of construction" after founding DMCI in 1954. Today, construction giant gets most of its income from power generation, water, real estate and infrastructure. Took controlling stake in London-listed nickel mining outfit Toledo Mining in April with aim of delisting it. Also controls Semirara Mining, country's largest coal producer. Faced criticism when an accident at one of its mines killed 10 people in February.<br />
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(9.)George Ty & family<br />
Net Worth $2.6 B As of July 2013 <br />
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Age: 80<br />
Source of Wealth: Banking<br />
Residence: Manila, Philippines<br />
Country of Citizenship: Philippines<br />
Marital Status: Married<br />
Children: 5<br />
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Forbes Lists<br />
#9 The Philippines 50 Richest<br />
#8 in 2012<br />
#554 Billionaires<br />
#6 in Philippines<br />
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Banking tycoon George Ty added $900 million to his net worth as his holding outfit GT Capital saw profits nearly double to $150 million in 2012 on rising revenues in banking, car production and distribution, real estate and power operations. Company raised $350 million in a January share sale to buy more shares in Toyota Motor Philippines in which it now has 51%. Founded Metropolitan Bank, country's second largest lender, in his twenties; stepped down as chairman in 2006 in favor of son Arthur. Enjoys swimming and collects art. Son Alfred is married to Lucio Tan's (No.2) daughter Cherry<br />
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(10.)Lucio and Susan Co<br />
Net Worth $1.9 B As of July 2013 <br />
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Age: 58<br />
Source of Wealth: Retailing, self-made<br />
Residence: Manila, Philippines<br />
Country of Citizenship: Philippines<br />
Marital Status: Married<br />
Children: 3<br />
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Forbes Lists<br />
#10 The Philippines 50 Richest<br />
#13 in 2012<br />
#736 Billionaires<br />
#7 in Philippines<br />
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-Retailing duo Lucio and Susan Co who started with one hypermarket in 1998, break into top 10 this year amid booming sales at their Puregold Price Club, country's second largest retailer, after Henry Sy's SM Group. Its network of more than 150 hypermarkets, supermarkets and discount stores, 50 of which opened in 2012, mainly targets low and middle-income consumers and "sari-sari" store owners. The Cos transferred most of their stake in Puregold, to listed holding company Cosco Capital last December. In May, Cosco did a $400 million offering at a 30% discount to fund expansion, driving share price down. They pocketed $100 million as part of that deal. Other interests span gaming, hotels, wine distribution, property.<br />
<br />Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-81387183347480251792013-07-26T22:02:00.000-07:002013-07-26T22:02:24.807-07:00Lugaw Queen: Beverly Aquino<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHK_NVvL2LG1xO63E7Gum8zymlZWEVV4zCkXlmaBig1tISKmELPGbQYa126hacuMclokaTaz2iXBwcPkgtzHEC0srT6oMlSsScopg4g6XNFWEFPVd3ka8Q4e_EfxTOroSmPbbmWo2OYKc/s1600/lugaw-queen.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHK_NVvL2LG1xO63E7Gum8zymlZWEVV4zCkXlmaBig1tISKmELPGbQYa126hacuMclokaTaz2iXBwcPkgtzHEC0srT6oMlSsScopg4g6XNFWEFPVd3ka8Q4e_EfxTOroSmPbbmWo2OYKc/s1600/lugaw-queen.jpg" height="480" width="640" /></a></div>
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">MANILA, Philippines - Who would have thought that selling a bowl of lugaw that costs P10 can earn you as much as P50,000 per day?</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">On ABS-CBN's "My Puhunan", Beverly Aquino, owner of "Lugaw Queen", told Karen Davila how she started Lugaw Queen back in 2007. She only had a starting capital of a little over a thousand pesos -- money that she was supposed to use to pay for her family's electric bills.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"Nagsimula lang kami sa puhunan na P1,100," she said.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">Then, she rented a small kiosk with just three chairs for her customers in San Pablo, Laguna.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">But Aquino had a plan and a secret recipe that she and her mother came up with.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"Umisip kami ng mga sangkap na ihahalo namin sa lugaw. Kasi bago ka magpalaki ng business, kailangan mayroon kang secret na sangkap," explained Aquino.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">And from then on, after serving their first bowl of lugaw for P10, Lugaw Queen never looked back.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"Pagkalipas lang po ng tatlong buwan, nakapag-ipon po kaming mag-asawa ng pang-renta sa mas malaking lugar kaya doon po nagsimula," Aquino said.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">In just a year, they managed to open 12 branches all over Luzon. Even Aquino is surprised at how much the branches make in a day just from selling bowls of lugaw.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"The first day bumenta lang kami ng P1,300. And then nung sumunod na araw na-doble, naging P2,400....Nung nag P10,000 na a day, hindi na ako makapaniwala," Aquino exclaimed.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">Now, Lugaw Queen sells as much as P50,000 worth of lugaw every day. "Hindi ko talaga na-imagine na bumebenta kami ng P50,000 sa isang araw," Aquino said.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">Aquino is overwhelmed by Lugaw Queen's success, especially considering that she was born into poverty.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"Nakikitira lang kami dati. Yung tinitirhan namin noon, walang CR, walang kitchen," confessed Aquino.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">According to her husband, Sherwin Aquino, back in when they were in high school, his wife even went to school without money for lunch.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"Pumapasok siya, wala siyang pambili ng pagkain. Pamasahe lang," said Sherwin.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"Kailangan kong magtipid ng baon ko kasi hindi lang para sa akin eh. Hati kami doon sa baon na gagastusin ko," Sherwin added.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">Today, with the money she earned from selling bowls of lugaw, Aquino has a two-storey rest house in San Pablo and a land in Nuvali, Laguna where they're currently building their dream home.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">Aquino felt that the hard times she experienced prepared her for the harsh realities of life.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"Sobrang laki ng naitulong niya kasi parang yung times na ganun, yun na pala yung training ko sa buhay," said Aquino.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">The Lugaw Princess</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">Ginalyn Moguer, who also hopes to alleviate her family from poverty through cooking, was approached by My Puhunan and Aquino as part of their program to help the less fortunate kick start their own business.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"Gagamitin ko po sa pamilya ko para kahit papano hindi na po ako mahahagilap kung saan saan," Moguer tearfully said while she accepted a small kitchen package from Aquino.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"Malay mo ikaw naman ang maging lugaw princess dito," quipped Aquino.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">Aquino reminded Moguer that consistency is key when running a food-based business while she taught her the recipe for her famous lugaw.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"Kahit pa maliit ang puhunan, malaking puhunan na yung kaalaman at kakayanan mo," said Aquino.</span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">With the help of My Puhunan and Aquino, Moguer managed to open her own little "karinderya" selling, not only bowls of lugaw, but as well as dried fish and other kinds of dishes.</span><br />
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from: ABSCBNDrinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0tag:blogger.com,1999:blog-8110886398605905177.post-6554847653336148692013-07-25T19:16:00.003-07:002013-07-25T19:16:50.670-07:00Millionaire Garbage Collector<div class="separator" style="clear: both; text-align: left;">
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">MANILA - A grade school dropout turned garbage collector is living proof that one can make money from trash.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">Trining Climaco is now a junkshop owner, who made her millions sorting through garbage and turning discarded bottles and scrap metal into thousands of pesos every week.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">On ABS-CBN's My Puhunan, Climaco tearfully related to Karen Davila how she worked hard to make sure her children would never experience the hardships she endured at a young age.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"Nag-aral ako ng Grade 6, nagtitinda ako ng gulay. Iniisip ko lang paglumaki ako, ayaw ko yung buhay namin ganito. Magsisikap ako para pag nagkaroon ako ng pamilya, ayaw kong maranasan ng mga anak ko ang nararanasan naming hirap," she tearfully recalled.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">At the age of 11, her grandmother brought her from Aklan to San Juan in Metro Manila. Every day for 12 years, Climaco had to clean and fix whatever garbage she could find in their family's junk shop.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"Yun bote may uuod, sabi ng tiyuhin ko, di ganyan ang pag-hawak. Sabi niya, yun kinakain natin, nanggagaling sa basura, kaya nawawala rin ang pandidiri ko," she said.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">Climaco met her husband Cesario, who also pushed a kariton and collected scraps. The couple, who has eight children, decided to start their own junk shop</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"Mahirap... pero masarap din kasi malalaman mo paano i-budget ang pera," she said.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">But starting out is never easy. They would wake up at 4 a.m. every morning to work at their shop. They employed three men to use their pushcarts and collect bottles, newspapers, scrap metal and paper.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">Climaco and her husband would buy the junk from them, and in turn re-sell them.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">For instance, they would buy old newspapers for P5 a kilo, but sell it for P6 a kilo. They buy scrap metal for P14 a kilo and sell for P15.20, and plastic is P15 a kilo and sold for P16 a kilo.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">Every week, they earn thousands from the bottles, scrap metal and newspapers collected.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">A truck of metal junk can yield P8,000, a truck of plastic can be sold for P2,000, and a truck of paper can earn then P1,500. In a week, they earn P18,300 or more.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"Maganda kasi ang puhunan namin P2, tapos binebenta namin ng P3," she said, pointing to a beer bottle.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">Her business now has 3 trucks for garbage collection and 6 employees.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">Climaco showed off her home that she bought with the money she earned from her junk shop. The 3-storey "dream" home has 9 rooms and costs around P2 million.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"Noong nagpagawa kami ng bahay, nagulat na lang ako at naka-ipon siya," her husband Cesario said.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">Climaco also managed to provide each of her 8 kids with a college education with the youngest currently living out her dream of studying law.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"Natutuwa ako dahil yung pangarap ko noon, natutupad ng anak ko," she said.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">Climaco, who remains as simple as ever, did not incur any debts, even when building her house.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">"Sabi ko sa Mister ko, magpatayo tayo ng bahay. Sabi niya, papatayo ka ng bahay, wala ka naman pera. Sabi ko haligi lang, kaya pa-isa isa kaming haligi hanggang nagawa," she said.</span><br />
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<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><span style="color: #6fa8dc;">First Episode of MyPUHUNAN ABS-CBN TV show.</span></span><br />
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<br />Drinhttp://www.blogger.com/profile/17126516209535663238noreply@blogger.com0