One of the best ways to development is to encourage the social-objective-driven entrepreneur, or "social entrepreneur," who "competes in the marketplace with all other competitors but is inspired by a set of social objectives." This is only one of the interesting points of Prof. Muhammad Yunus in his book Banker to the Poor: Micro-Lending and the Battle Against World Poverty" (PublicAffairs, 1999, 2003). You may have heard of Prof. Yunus, the founder of Grameen Bank (literally means "Rural" Bank). Both Prof. Yunus and Grameen Bank are joint winners of the Nobel Peace Prize.

In a transaction involving a property owned by married persons, the consent of both spouses is generally required. For instance, if a married Pinoy Entrepreneur signs a real estate mortgage to guarantee a loan application to be used as business capital, the signature of his/her wife/husband is required by the bank or other lending institutions. Why?

One way of inspiring and encouraging more Pinoy Entrepreneurs to swim in the sea of entrepreneurship is to write about those who've made it. This the observation of Marites A. Khanser, the author of the book "John L. Gokongwei, Jr.: The Path of Entrepreneurship" (Loyola Schools, Ateneo de Manila University, 2007). She noted, however, that "very few business success books of the taipans in the Philippines have been written seemingly because of their reluctance to tell their stories or go to the public with the secrets of their business success."

The good thing about court decisions is the accompanying discussion on the history of a particular subject matter. We noted, for instance, the history of trademarks. This time around, and assuming anyone is interested, here’s the history of the Pandacan oil terminals. The Supreme Court recently affirmed Manila City Ordinance No. 8027, reclassifying the area from industrial to commercial, and directing affected businesses -- including the so-called “Pandacan Terminals” of the oil companies -- to cease from operating in that location. This is an illustration of how a zoning ordinance could adversely affect existing business infrastructure.