Business NEWS

Banks collect fees and charges for certain services they perform for their clients. What is not understandable to me, an ordinary consumer, are fees and charges for bank services which were previously rendered free of charge.

The resolution of the House of Representatives problem was quick. It needed only a picture with the Inday, which went viral on social media platforms over the weekend.

The doctrine of corporate opportunity means that if the director acquired a business opportunity that should belong to the corporation, he must account to the corporation for all the profits he obtained unless his act was ratified by the stockholders representing at least two-thirds of the outstanding capital stock.  Under such doctrine, a director of the corporation is prohibited from  competing with the business in which the corporation is engaged in, as otherwise, he would be guilty of disloyalty, where profits he may realize will have to go to the corporate funds, except if the disloyal act is ratified (Dean Nilo T. Divina, Questions and Answers on the Revised Corporation Code, p. 238).

What keeps you awake at night? As countries across the globe struggle to flatten the curve, COVIDd-19 has already affected more than 37 million people putting the resilience of the banking sector to test. What does this mean to the central banks of the world and regulated entities? How can they manage systemic risks effectively in the time of pandemic?

We do not need to be convinced at how the budget has become the weakest link in public finance.  We just need to look at the intramurals happening in the Lower House. Budgeting has become a matter of lusting for power—and the resources that go with it.

Part 2

At a time when we are cautiously digging ourselves out from the rubble of the pandemic, it is becoming abundantly clear that mobility is an essential part of society and the economy. Businesses cannot warm-up – much less take-off – without the means to get people to work.

On the Beep card fiasco

Pink color is now in vogue.  For ‘plantitas and plantinos,” one of their favorites is the pink princess Philodendron, one of the most stunning vine plants, with dark green leaves and a speck of pink color. It is  low maintenance and easy to grow indoors.

After the keynote speech of BSP Governor Benjamin Diokno at the opening of the 52nd FINEX Conference held via ZOOM on October 5, 2020, our second speaker was a La Salle Taft grade 3 classmate and fellow Wharton Alumni, Stephen Cu-Unjieng, Chairman of Evercore Asia Limited.  Stevie’s talk was titled “The New Abnormal”.  I like this much better than what is commonly referred to as “The New Normal,” for several reasons.

The streets in Rockwell have been turned into street cafes during weekends.  After days of lockdown and isolation, the sight of bright lights that bedeck the trees and people enjoying each other’s company are a much welcome sight.  They wear masks and are seated with physical distancing.  Noisy chatter and cheerful banter can hardly be heard.  People are more careful and observe health guidelines.  These are of new ways of conducting business—and living life.

Separation of powers is a principle deeply ingrained in constitutional law. Also called the system of checks and balances, this doctrine grants certain powers to the executive, legislative, and judicial branches of government as a way of balancing and checking each other.

Part 1

Consumer representation is crucial, especially now that many of us are still finding our way through this pandemic, lockdown and continuing quarantine. Thus, a National Consumer Affairs Council (NCAC) will be beneficial to the government and will give consumers a voice during these challenging times. It is unfortunate that the NCAC was not constituted in this administration and the consumer group community is not aware of the reasons why. The NCAC could have provided a big boost in empowering consumers with information on consumer products and services, consumer rights and the mechanisms available to enforce those rights, information on new concepts and developments on consumer protection, and general knowledge and awareness necessary for making an informed decision.

At this perilous time, nobody  wants to be classified as “viral.” Because it connotes something  that no one wants to be associated with.

The registration of online businesses in the Philippines skyrocketed to 75,876 as of September 2 from 1,753 recorded in January to March 15as more and more entrepreneurs conduct business via the internet due to strict lockdown restrictions imposed to stem the spread of COVID-19, according to the Department of Trade and Industry.

With recent media coverage on the tremendous powers of the executive committee of the Philippine Health Insurance Corporation (Philhealth) enabling it to control the financial transactions of said agency, my article today focuses on the structure and functions of executive committees.

There could be no better teacher on how to avoid paying taxes than a President of the most powerful country in the world.  The New York Times reported how President Trump paid only US$750 in two consecutive years, 2016 and 2017.  Many of us paid more taxes than someone who owns chains of luxury hotels, golf courses, and businesses throughout the world.