If the concept of “Pay Yourself First” is foreign to you, don’t worry, the concept was also greek to me during my YUPpy (young urban professional) days. Working as an associate in a Makati law firm, I had the means to spend, nay, splurge. I had my own condo unit, go out whenever I want [...]

Air travel is the fastest mode of transportation, preferred by many highly mobile Pinoy Entrepreneurs whether for business trips or vacations, especially with the long weekend holidays for 2009 and 2010. Despite the world economic crisis, Philippine domestic travel increased in the last quarter of 2009. Read more at Pinoy-Business.com.

(Note: This is the full text of the Rules of Procedure on Corporate Rehabilitation [2008], which superseded the Interim Rules of Procedure on Corporate Rehabilitation [2000].)

Late last year, a new law was passed creating a centralized credit information system, intended to address the need for reliable information concerning the credit standing and track record of borrowers. There are some reservations and criticisms raised against this move, principally surrounding the issue on privacy of each borrower’s credit information. This is Republic [...]

There are certain similarities between gambling and business. Not everyone is cut out for both gambling and business, pretty much like not all employees could become entrepreneurs . Both involve varying degrees of risk. A lower risk means lesser return. Greater risk potentially means great results.

Among the items high on my hate-list every December is the really heavy traffic in Metro Manila. If you hate Metro traffic on a regular day, try going to Makati in the evenings during the weeks before December 25. For some strange reasons, everybody seems to be out on the streets. Maybe everybody is out [...]

Foreign exchange (“forex” or “FX”)  refers to the currencies market. You may have tried, or you may have a friend who tried, forex trading. You put in the required amount, then either you manage your own placements or allow an “agent” to transact for you. Sometimes you gain, sometimes you lose.

Businessmen, entrepreneurs and any person already know that collecting unpaid accounts or obligations, simply called debts, is not really easy at times even if there are co-guarantors. Maybe the debtor in a valid contract simply doesn’t want to pay. Maybe the debtor is in a terrible financial condition, specially at this time where there are [...]

PERA stands for  “Personal Equity and Retirement Account,” which refers to the voluntary retirement account established by and for the exclusive use and benefit of the Contributor for the purpose of being invested solely in PERA investment products in the Philippines. The Contributor shall retain the ownership, whether legal or beneficial, of funds placed therein, [...]

A bank run is a financial crisis, a panic which occurs when a large number of customers of a bank fear it is insolvent and withdraw their deposits. You may still remember the bank run suffered by Urban Bank some years back. It’s also a rude awakening that even big banks suffer a financial crisis [...]