Category Archives: Business

Philippine Companies Engaged In Labor Only Contracting

The Department of labor and Employment (DOLE) lists the top 20 Philippine companies engaged in labor only contracting and suspected to be engaged in labor only contracting.   Jollibee Food Corporation is listed on top with more than 14,000 workers affected. The Department of Labor and Employment (DOLE) said that out of the 99,526 inspected establishment, 3777 companies… Read More »

Philippine Mutual Funds: Some of the Best Ones

So you decided to invest your hard earned money in a Philippine  Mutual Funds.   You made the smartest decision of your life.   Here are the reasons why?   1. Your money is managed by a professional fund manager who works full time to give you the best possible return of your investment.   2. You need… Read More »

Do Not Put All Your Eggs In One Basket

  Do not put all your eggs in one basket.   You have heard that sentence countless number of times before right?   In layman’s term, it simply means that you must not put your hard earned money in just one place.   You may be paid your salary through your atm savings account and it serves as… Read More »

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   Such employees are entitled to the benefit regardless of their designation or employment status and irrespective of the method by which their wages are… Read More »

Philippine Banks With No Maintaining Balance

Philippine banks with no maintaining balance, are there such?   I wanted to open a Philippine Bank with no maintaining balance 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… Read More »