Consistent with the requirement for an issuance by the President to fix national holidays, Malacanang issued Proclamation No. 295, declaring the regular holidays, special (non-working) days and special holidays throughout the Philippines. Other non-working days will be declared during the course of 2012, just like the declared holidays for 2011 and previous years. This list [...]

There’s an email doing the rounds lately, purportedly from the Electronic Payments Association. The subject is “ACH Transfer canceled” (ACH stands for Automated Clearing House). Click here to read full post at the Pinoy-Business.com main.

On 14 November 2011, the Department of Labor and Employment (DOLE) issued Department Order No. 18-A, which becomes effective fifteen (15) days after completion of its publication in a newspaper of general circulation. Considering that Department Order 18-A was published on 19 November 2011, it shall take effect on 4 December 2011.

The benefits of getting a franchise, especially for those who have no business experience like OFWs, include a fully-developed, turn-key business system. It’s like a plug-and-play device for computers and electronic gadgets; just plug it and it will run by itself. See also Franchising and Entrepreneurship and Franchising Option for Pinoy Entrepreneurs.

The importance of entrepreneurs and small businesses is recognized in the Philippines. As previously noted, the Department of Trade and Industry (DTI) had admitted that “it is widely accepted that small and medium enterprises play a very important and significant role in the economic and social development of a country”.

The public debt problem in Europe, particularly Greece, is giving jitters all over the world. Investors are wary as violence spread in various parts of the world, including Libya. No matter the problems in the world, financial or otherwise, it seems many Filipinos would still have a happy Christmas.

It’s [almost] official, Puerto Princesa Underground River is among the New 7 Wonders of Nature. After making it to the list of Top 10 worst countries to do business, it’s nice to hear a good news like this.

The Philippines made it into another list, this one not to be proud about. CNBC released a list of the World’s 10 Worst Countries for Business and, unfortunately, the Philippines is 4th in the list. [See full list and discussion at Pinoy-Business.com main.] If there’s anything good that could come out from being included in [...]

JG Summit is the only Philippine company in the 2011 50 best publicly traded companies in Asia-Pacific of the Forbes magazine. JG Summit’s business includes Cebu Pacific, as well as real estate, hotels, petrochemicals and banking.

The Philippine Deposit Insurance Corporation (PDIC) announced that it has placed the LBC Development Bank, a unit of the LBC Group, under receivership, pursuant to the 9 September 2011 resolution of the Bangko Sentral ng Pilipinas (BSP) Monetary Board (MB Resolution No. 1354).