13th Month Pay: What Will You Do With It?

  13th Month Pay is 1/12th of the basic salary of an employee within a calendar year.   Under PD 851, a law enacted during the time of President Ferdinand Marcos, also known as the 13th Month Pay Law requires all employers to pay all their rank-and-file employees a 13th month pay not later than December 24 of… Read More »

APEC Philippines: Motorists Patience Were Tested

  The APEC Philippines is scheduled to be held on November 18 and 19, 2015 but most head of state of member economies began arriving today November 17.   The motorists patience were tested last night when traffic halted for 3 to 5 hours in Pasay City. Some motorists said they even wanted to leave their cars on… Read More »

Philippine Banks With No Maintaining Balance

  I wanted to open a Philippine Savings Account for the purpose of saving for a rainy day.   I have also a relative abroad that occasionally send me money by way of a remittance and I need a savings account for that purpose.   It has been my trait to sometimes withdraw all my money in the… Read More »

How To Save On Bank Fees and Charges?

  Perhaps once in your life, you were told by your parents to be thrifty and frugal because life is hard.   Most of you were told to save some money in the bank so you can have something to use in case of emergency.   You may have retained the habit of saving a portion of your… Read More »