With the Christmas season and year-end fast approaching, annual issues surrounding 13thmonth pay and Christmas bonuses in the Philippines raise their head once again. One key topic that often prompts questions is the distinction between 13th month pay and Christmas bonuses, also known as a year-end bonuses, and the tax rules surrounding them. Though the […]
Read MoreThe country’s foreign debt stock grew $1 billion in the third quarter of this year to $76.6 billion from a year earlier, but the annual rate of growth slowed from the first two quarters of 2016. The year-on-year increase in the third quarter was traced to foreign exchange revaluation and non-resident investment in Philippine debt […]
Read MoreOne of the most difficult situations an employee faces is the possibility of being laid off from work, especially during his productive years, due to circumstances that are beyond his control. Unlike retirement, which some people look forward to and prepare for, separation can be a source of anxiety as employees face the prospect of […]
Read MoreCambodia and the Philippines are seeking ways to increase mutual trade and investment amid the Philippine leader’s recent visit to the Kingdom. Kith Meng, president of the Cambodia Chamber of Commerce (CCC), met with Philippine President Rodrigo Duterte on the sidelines of his two-day state visit to the Kingdom, according to CCC vice president Lim […]
Read MoreThe World Bank now expects the Philippine economy to grow 6.8 percent this year—faster than the 6.4 percent forecast it made in October—largely due to high investor and consumer confidence. Growth projection for 2017 was also raised to 6.9 percent compared to the October forecast of 6.2 percent. In 2018, the domestic economy is expected […]
Read MoreLack of innovation is not the main reason why most startup companies don’t make it big. During the Ocean Summit in Panglao, Bohol a few weeks ago, broadcast journalist Karen Davila dismissed the notion that the success rate of startup companies is big. “One percent of startups only succeed,” Davila said. Davila noted that the […]
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