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Scams and Schemes
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Monday, 14 January 2008 |
We have a number of discussions on the Ponzi and pyramiding scams in this blog (see " Scams and Schemes"). There's a discussion of an actual case, the Panata Foundation case. The 2000 case of People vs. Menil, Jr. (G.R. No. 115054-66) involves a strikingly similar scheme. It's really amazing how this scam still works despite almost a hundred years of existence. Maybe people have this nagging doubt that such get-rich scheme is highly suspicious, but rational thinking is oftentimes clouded by the very same reason -- the prospect of getting rich quickly. |
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Polls
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Saturday, 12 January 2008 |
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The relatively recent push to encourage entrepreneurs and the entrepreneurial movement in the Philippines should be strengthened further. Some say, however, that there are enough Filipino entrepreneurs, except that there are no sufficient opportunities to go about. On the other hand, some may say that the reason why the Philippines is not as progressive as it should be is that there's only a handful of entrepreneurs -- not simply the middle class, because the middle class are not necessarily entrepreneurs. Many in the middle class are employees, who are not necessarily entrepreneurs. Many in the middle class and upper class are businessmen, but businessmen are not necessarily entrepreneurs. |
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HR, Labor and Office
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Friday, 11 January 2008 |
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It seems many are planning their 2008 vacations way ahead of schedule. This early (this article was originally posted in November 2007), there are hits to this site searching for 2008 national holidays (see also 2008 holidays; 2009 holidays) in the Philippines. Providing a fixed list of holiday dates is difficult because most of the 2008 regular holidays and nationwide special holidays are movable, as provided under Republic Act 9492 (an Act rationalizing the celebration of national holidays). For these movable holidays, the President is tasked by law to issue a Proclamation, at least 6 months prior to a movable holiday, fixing the specific date of that non-working day (if you're looking for the guidelines on the computation of holiday pay or premium, go here). Here's the list of Philippine holidays under RA 9492, unless the Proclamation is indicated: |
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Visit Philippines
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Thursday, 10 January 2008 |
My wife read somewhere that there’s a “cool” zoo just beside Tiendesitas. A zoo beside Tiendesitas is a bit strange because aside from the fact that Tiendesitas is a place to shop and eat, it’s beside a mall (SM). Also, I regularly pass through the Malabon City zoo, just behind Potrero elemementary school along McArthur Highway (that’s a few meters from Monumento, Caloocan), but I never had the desire to go in a zoo, and I’m not really sure if it’s proper to qualify a “zoo” with being cool. The Ark Avilon Zoo made me rethink that. More photos, with the rest of the article, at the Visit Pinas blog. |
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Entrepreneurship
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Sunday, 06 January 2008 |
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The entrepreneurial movement gained steam, I'd say, only in the past 3 or so years (or maybe I was too busy with other things that I didn't notice it). These days, you hear about entrepreneur groups and entrepreneur movements. There's a school for entrepreneurs and an entrepreneur caravan. In other words, there's an awakened movement towards entrepreneurship.
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Money and Finance
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Wednesday, 26 December 2007 |
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Everybody knows that Christmas starts real early in the Philippines. Preparations for Christmas start as early as the first BER month, September. It goes without saying that spending starts way ahead of December 25, Christmas Day. |
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HR, Labor and Office
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Tuesday, 18 December 2007 |
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Somebody said that she just learned about December 24 being a holiday, which is quite surprising because we already noted this, as early as October of this year, in the post Public Holidays for October, November and December (2007) in the Philippines. |
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Business Opportunities
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Monday, 10 December 2007 |
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We have a previous discussion on the regulation of the business of lending (Part 1 and Part 2 ). On 22 May 2007, Republic Act No. 9474, also known as the “Lending Company Regulation Act of 2007,” was approved. The rationale is to regulate the establishment of lending companies and to place their operation on a sound, efficient and stable condition to derive the optimum advantages from them as an additional source of credit. The following discussion may be of help to those asking how to start a lending business (reprinted at the e-Legal Forum). |
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