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.

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).

Being insolvent refers to the financial condition of a debtor that is generally unable to pay his/her liabilities as they fall due in the ordinary course of business or has liabilities that are greater than his/her assets. The rules on insolvency, also called bankruptcy in other countries, may apply to juridical entities (e.g., registered corporation, [...]

The Philippine government launched a loan program for Overseas Filipino Workers (OFWs), with available funds amounting to P2 Billion. OWWA Administrator Carmelita Dimzon announced this OFW reintegration fund, with an interest of 7.5% per annum.

The filing of income tax returns (ITR) is done annually. We’ve heard and read about the Bureau of Internal Revenue (BIR) filing cases of tax evasion against certain taxpayers, with Rep. Mikey Arroyo as the most recently controversial subject. It’s in the news. Still, many of us forget to file our ITR and pay the [...]

Before proceeding to today’s hot topic — the issue on bank deposit insurance detonated by the financial problems of Banco Filipino — let’s cover a potent tool that Pinoy Entrepreneurs could use against red tape.

Checks will always be an integral part of business, which is why we have a number of discussions regarding checks (see Bouncing Checks (BP 22): Matters a Layman Should Know; Basic Reminders to Prevent Check Fraud; and No imprisonment in BP 22 or Bouncing Checks cases?). This time let’s have a more extensive discussion on [...]

Christmas shopping is never fun, at least for us men. If it were to me, I wouldn’t mind not receiving a gift, as long as I’m not expected to give any. But then again, this is a season of giving gifts, which brings us to one inescapable fact of life – shopping for Christmas gifts. [...]

The risk of damage to properties and businesses is the reason why some Pinoy Entrepreneurs secure an insurance coverage. There are unforseen contingencies, while remote from happening, that could seriously cripple the business by the loss of inventory, equipment and, in the final analysis, precious capital.

The recent flooding recently caused by the heavy rainfall brought by Typhoons Ondoy and Pepeng has caused tremendous damage to life and property. Many businesses have been seriously affected. While some establishments are fortunate to have been covered by insurance, the rest must shoulder their own damage, either because they have no insurance or their [...]