Chinkee Tan Some people may choose to enjoy their hard-earned money after every payday, because of the excitement of having their own money and not depending on their parents anymore for their expenses. Nowadays, the young professionals are one of the greatest spenders in our economy. So, if you are a young professional, you gotta read this. Have you saved anything yet since your first paycheck? Or have you chosen to enjoy it for now, since you believe that you are still young? Do you want to change this habit and begin now instead? Developing the habit of spending ALL your income is not healthy. It can leave you with nothing, should the time come when you’ll need it. Saving should be your top priority, especially as a young professional. Imagine, if you start at 20 years old and you start saving P20 a week or P80 a month or P1,000 a year, for 40 years. You invest it in a mutual fund that allows you to yield 12.5% interest per annum. By the time you reach 40 years old, it will make you P1,000,000 richer! This is an example of the beauty of saving early. So you the question how you can start now? HAVE A VISION List down your long-term goals, wherein you plan ahead as to where to put your finances for, let’s say five, ten, or fifteen years from now. Will you invest it? Save for emergencies? Buy your own house? You will never be able Read More …

Corazon P. Guidote Success doesn’t come easy. Ironically, the earlier I accepted that, the easier it became. And so, for every goal I make, I take with me a set of guideposts to help me succeed. Persevere. Maintain focus. Work hard. Pray. Be flexible. Integrity matters. Celebrate milestones. Learn something new each day. Be positive, no matter what. These guideposts helped me build my career. To start with, I am one of those who didn’t know where my career would take me. Initially, I wanted to be a doctor. But because of health reasons, I ended up being an accountant; I even became a Certified Public Accountant. Oddly, I never worked in an accounting firm. Instead, I ended up working in an economic research institution and my first task was to build an econometric model. You can bet that really sounded Greek to me. What seemed incongruent directions eventually led me to a fulfilling career and jobs that eventually made sense. Though challenging, they were and continue to be very rewarding. I have worked with a total of 9 institutions–my employers being a good mix of a research institution, foreign multinationals, the Philippine government and domestic corporates. Each time, I’ve had to earn the trust and confidence of my employer. Stepping into a new job always required me to first to rely on my skill set. That alone, however, doesn’t earn trust. What does are integrity, perseverance, hard work, the willingness to learn and adjust in a new environment. When Read More …
Do you have an Amazon Store? Have you made a plan for migrating from Amazon Stores to another platform now that Amazon is closing this platform?

Corazon P. Guidote Sometime in 2005, I began observing a subset of society: the youth. It stemmed from independent studies I read that began labeling a generation born in the Eighties as generation Y or millennials as they are more commonly referred to now. In the Philippine, some call them philennials. Born in the age of information technology, they only know a world equipped with computers that keep getting faster, smarter and smaller. At a young age, they easily find access to mobile/smart phones. Many of them don’t have a proper concept of ”dial’ a number. The thumb for them has become a more useful finger, and popularity can come in an instant through a unique Youtube post. Millennials have taken a quantum leap in the understanding of both big and micro data, in storing knowledge, mutli-tasking, borderless communications, various forms of artistic expression, and scientific breakthroughs, among many others. They are known to be confident, self-expressive, free spirited, upbeat and very open to change. They learn through traveling with cheaper transport options now available. They can be anywhere and still be able to navigate through Google maps and Waze. They have gadgets that provide greater stimulation to both the left, and especially the right side of the brain which tends to explain such diverse set of skills and talents. Even toddlers find their way into features or ‘apps’ that seemingly go beyond their years. My four-year old niece, for instance, learned to take selfies on her own at age Read More …

People often will say they have a budget. You say you know where your money goes and you don’t need it all written down to keep up with it? I issue you this challenge. Keep track of every peso you spend for one month and I do mean every peso. I know of a lady entrepreneur who set a budget by use of several envelopes. Everyday this lady entrepreneur at end of each business day, would set aside amount for purchasing goods from the market, daily rental, etc. Whatever is left she deposits in her bank account. Here is a test, which she voluntarily shared with me. She called it a test to see what small items can be a big savings. You will be shocked at what the itty-bitty expenses add up to. Take the total you spent on just one unnecessary item for the month, multiply it by 12 for months in a year and multiply the result by 5 to represent 5 years. That is how much you could have saved AND drawn interest on in just five years. That, my friend, is the very reason all of us need a budget. If we can get control of the small expenses that really don’t matter to the overall scheme of our lives, we can enjoy financial success. The little things really do count. Cutting what you spend on lunch from 200 pesos a day to 150 pesos a day on every workday in a five-day workweek saves Php. 250 Read More …

Prudence Foundation and National Geographic presenting the official Safe Steps poster to Manny Pacquiao [via Facebook] A public service program adopted by private companies and supported by the nation’s risk management agency was recently launched to address the needs for Filipinos to be more aware of the risks they face as residents in the third most calamity-prone country in the world. Resorts Word Manila (RWM) in partnership with Prudence Foundation adopted ‘Safe Steps’ for information dissemination and to strengthen the country’s calamity awareness. Safe Steps is a program which aims to provide public awareness specifically in Asia with its key-educational messages to prepare for natural calamities. The program has been developed in partnership between National Geographic Channel and Prudence Foundation with international boxing champion, icon and humanitarian Manny Pacquaio as the educational programme ambassador. Barry Stowe, Chairman of Prudence Foundation and Chief Executive of Prudential Corporation Asia, in a media release said, “Being prepared is the first and most important step in handling and surviving a disaster. It is extremely important for people to be equipped with the knowledge of how to protect themselves when a disaster strikes.” Safe Steps consists of 60-second videos on National Geographic Channel and thirteen cable channels of the FOX International. The videos have been approved by the International Federation of Red Cross and Red Crescent Societies. It specifically shows survival steps for individuals and households on typhoon, flood, earthquake, and fire. It is expected to reach over 24 million households in Asia. There are Read More …

Corazon P. Guidote There are a lot of good reasons why I am very hopeful about the Philippines. Much has to do about our youth and how many of them are fighting hard to lift themselves and their families out of poverty. Not too long ago, I attended SM Foundation’s annual presentation of college graduates from its scholarship program. The event is attended by their benefactors, the Sy family, the SM group and other co-sponsors. Always an emotionally charged event, more than 260 graduates went to SMX Convention Center with their parents, all of them joyful and proud. This year saw a record number of graduates, which again yielded a high percentage of honor students, 23% of total or 62 graduates to be exact. Two were summa cum laude, 21 were magna cum laude, 29 were cum laude, and 10 with academic distinction. And of those who have so far taken their board exams, four ranked among the topnotchers. One ranked 3rd in civil engineering, and three ranked 3rd, 6th and 8th in electrical engineering. Such good news, excitement could not be contained even among the officers and employees of the Foundation. Ever since I joined SM nine years ago, I had been attending this event. Each year, I go home hopeful and inspired. These graduates are not ordinary students. All from public high schools, they are among the brightest but from some of the poorest families nationwide. What makes them special is their ability to excel amidst extreme challenges. Read More …
The Sandiganbayan Third Division will conduct the bail hearing of Janet Lim-Napoles, the alleged brains behind the pork barrel scam, at the Correctional Institute for Women (CIW) in Mandaluyong City on Friday. In a press conference Thursday, clerk of court Dennis Pulma confirmed that the CIW has set aside a hall in the facility’s medium security area for the hearing. “For tomorrow’s continuation of Mrs. Napoles’ bail hearing, the venue will be inside the premises of the Correctional Institute for Women in Mandaluyong. Same time, 8:30,” Pulma said. The hearing will be the first since Napoles was convicted of serious illegal detention by the Makati Regional Trial Court. According to Pulma, Napoles’ bail hearings for her graft and plunder charges will be in the CIW since the Supreme Court has yet to act on the Sandiganbayan’s request for her to be brought out of jail every time she needs to attend a hearing. “So far we have not yet received any notice or resolution or action to the letter of the Presiding Justice. In the meantime, we made some arrangements with the officials of the CIW, to hold the hearing tomorrow in the premises,” Pulma said, referring to the letter written by Presiding Justice Amparo Cabotaje-Tang to Chief Justice Maria Lourdes Serreno. Pulma said accredited media will be allowed to cover the hearing. “When we went there we were informed that usually they do not allow media coverage for hearings, except upon the permission of the Secretary of Justice herself. Read More …
Customs chief Sevilla quits post . At a press conference in Manila on Thursday, April 23, Customs Commissioner John ‘Sunny’ Sevilla announced his resignation several days after reporting that the bureau had increased its revenue collections for the 1st quarter of 2015. Formerly a Department of Finance undersecretary, Sevilla was appointed by President Benigno Aquino III to the bureau’s top post in December 2013, after then-Customs chief Ruffy Biazon resigned. Danny Pata Following Customs chief John Phillip Sevilla’s resignation, Malacañang admitted Thursday that reforming the bureau is a “big challenge” for the administration. At a press briefing, Communications Secretary Herminio Coloma Jr. said President Benigno Aquino III, who won on an anti-corruption platform during the 2010 elections, wants reforms in the Bureau of Customs (BOC) to continue even after Sevilla’s resignation. “Ang direktiba po ng Pangulo ay ipagpatuloy ‘yung mga repormang naumpisahan na, ipagpatuloy ‘yung paglaban sa korapsyon,” Coloma told reporters. “Talagang kinikilala na malaking hamon ito at sa kabila niyan ay kahanga-hanga ‘yung naging performance ni Commissioner Sevilla,” he added. Coloma particularly said that the administration wants to pursue “institutional strengthening” and further modernization at the BOC. “Maraming mga sistema na nagbibigay daan doon sa pagpasok ng personal influence. Kaya ang isa sa mga tinukoy diyan ay ‘yung systemic reforms, ‘yung automation, ‘yung pagtitiyak na ‘yung mga transaksyon ay aboveboard sa pamamagitan nga ng mas maayos na sistema ng mga transaksyon diyan,” he said. Earlier in the day, Sevilla announced that he is quitting his post since he could Read More …
In the latest trade of diplomatic barbs with China, the Department of Foreign Affairs on Thursday brushed aside a Chinese media editorial calling the Philippines a “cute little submissive” of the United States. It is believed that the commentary ran by the Global Times this week reflects the position of the Chinese government since the paper is known as the Communist Party’s mouthpiece. “Unable to defend their unlawful position both on the core issue which is the nine-dash line claim and their unilateral and aggressive activities, our northern neighbor has reduced its lack of response to name-calling once again,” Foreign Affairs spokesman Charles Jose told a press briefing on Thursday. “What they should be doing is to accord their positions and actions with the 2002 conduct of parties in the South China Sea and international law,” Jose said. —KG, GMA News