The Philippines Today, Yesterday, and Tomorrow
Philippine Competitiveness Ranking Improves The Philippines jumped four spots in the annual global competitiveness report by the Switzerland-based International Institute for Management Development (@imdbusinessschool) due to the economy’s improved performance. IMD’s 2022 World Competitiveness Yearbook ranked the Philippines 48th out of 63 economies, from the 52nd spot out of 64 economies in 2021. This was … Read more
Kasambahay Minimum Wage in Region 2 New wage order for Domestic Workers in Region 2 (Cagayan Valley) Domestic workers or Kasambahays in Region 2 (Cagayan Valley) will receive a monthly minimum wage of Php 5,000 effective June 8, 2022. You may want to read: Region 2 Minimum Wage
Halo Halo History Halo-halo is one of the most popular desserts in the Philippines, especially during the summer season. But did you know that our famous Halo-halo originated from overseas influence? Jump right into our featurette to know more about this beloved dessert. Halo-Halo or “mix-mix” is of Japanese origin. Pre-war Japanese settlers introduced “kakigori” … Read more
What is PFRS 4? Under the directive of the Department of Finance (DOF), the Insurance Commission (IC) is making sure that PhilHealth Insurance Corporation and the Philippine Crop Insurance Corporation (PCIC) are complying with the current Philippine Accounting Standards. The Philippine Financial Reporting Standards 4 (PFRS 4) states that when a policyholder pays premiums to … Read more
The first ice cream shop in Manila was Clarke’s Ice Cream Parlor at No.2 Calle Escolta. The Ice Cream Parlor was established in 1899 by M.A. “Met” Clarke” an American businessman. Clarke’s served sodas, ice creams, pastries, and other sweets, including a soda fountain. The restaurant was a hit amongst the Americans, as well as … Read more