There is talent, just obssession by Conor McGregor

Getting to the Top: Be Obsessed, Not Talented

It’s amazing to hear inspiring words from the most unlikely source, especially considering that we are mostly talking about business and entrepreneurship. Before we get to that, however, let’s step back and revisit our previous discussions on the nature-versus-nurture debate on entrepreneurship and the “outliers” of Malcolm Gladwell. Some say that the predisposition to become an entrepreneur is inborn, while some argue that entrepreneurship is about putting in the long…

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The Matthew Effect: Spend Money to Earn More

The Matthew Effect: Spend Money to Earn More Money

Consider these the controversial headlines during the most recent recession in the U.S. According to the news, “the government agreed to shoulder hundreds of billions of dollars in possible losses at the stricken bank and to plow a fresh $20 billion into the company.” As we previously noted, giant US financial institutions like Fannie Mae and Freddie Mac had to be bailed out; Lehman Brothers was having serious problems and…

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Philippines paper money 50 pesos

Your Money Will Have No Value in 2017

Exchange your old bank notes with the New Generation Currency (NGC), the Bangko Sentral ng Pilipinas (BSP) has constantly reminded the public [see Design Highlights of the Philippine New Generation Currency, Primer on the New Generation Philippine Currency: Banknotes and Coins, and Security Features of the Philippine New Generation Currency]. Soon, the old paper money — interestingly called the New Design Series or NDS — will have absolutely no value, will…

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Social Security System Logo

5 Reasons Why the SSS Pension Must be Increased by P2,000

President Benigno Aquino vetoed the proposed law increasing the monthly Social Security System (SSS) pension by P2,000. According to President Aquino, the pension increase will result in the bankruptcy of the SSS in the next 11 years. If we ask the millions of retired workers, they will most likely say that the existing pension is not enough for their daily subsistence. One of the sponsors of the propose law, Senator…

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Official List of Holidays for 2016 at pinoy-business.com

Complete List of Official Holidays for 2016 (and How to Compute your Holiday Pay)

The government has announced, through Proclamation 1105, the official public holidays — regular holidays, special non-working holiadys, and special days — for 2016. To the extent relevant to employers and workers alike, the differences between regular holidays and special non-working holidays are discussed in a separate post, Computation of Holiday Pay. Also, based on experience in the past years, new dates for existing holidays or more holidays are declared in…

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Maternity Leave and Paternity Leave in the Philippines

What You Need to Know About the (Proposed) 100-Day Maternity Leave

The Senate approved the proposed “Expanded Maternity Leave Law of 2015” (Senate Bill No. 2892; see full text), basically providing for additional days for maternity leave. Maternity leave is currently at least sixty (60) days, with pay, for normal delivery, abortion or miscarriage. It’s extended to seventy-eight (78) days in case of caesarian section delivery. The proposed law will still have to go through the usual process until it is…

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Senate Bill No. 2982: Expanded Maternity Leave Law of 2015 (Full Text]

[See What You Need to Know about the 100-day Maternity Leave] SENATE BILL No. 2982 AN ACT INCREASING THE MATERNITY LEAVE PERIOD TO ONE HUNDRED (100) DAYS FOR FEMALE EMPLOYEES IN THE GOVERNMENT SERVICE AND IN THE PRIVATE SECTOR, AND GRANTING AN OPTION TO EXTEND FOR AN ADDITIONAL THIRTY (30) DAYS WITHOUT PAY, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 1161, AS AMENDED, AND FOR OTHER PURPOSES (In Substitution of Senate…

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5 Ways to Get Rich by Francisco Colayco

Francisco Colayco: 5 Ways to Get Rich

Financial adviser Francisco Colayco, the author of Wealth Within Your Reach (Pera Mo, Palaguin Mo), was featured in the GMA7 show Power House. He shared the five ways to get rich and the steps to get there. The 5 ways to get rich, in summary, are: inheritance (mana), marriage (kasal), winnings (panalo) in lotto and gambling, stealing (nakaw), and making it (gawin mo). The last strategy to get rich is…

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