Be Free Pinoy - for your FREEDOM

It's fascinating to see how could the majority of people has always been in bottom low when it comes to economic status, the fact that no such sane person has ever planned to become poor. Ironically, getting out of poverty and waging war against it has been the greatest struggle among the people.Yet, the truth is painfully clear that majority are still in poverty. Here in the Philippines, one of the greatest concerns is on how to alleviate the poverty problem that has been around ever since. This is very evident  as 2016 election is commencing, political aspirants are trying to reach the support of the people by not forgetting to stipulate their promises on how would they address poverty. Unfortunately, many administrations have had completed their political terms with similar promises of addressing poverty yet, data shows that this problem did not wane but instead, it grows even more: e.g. the disparity between the rich and the poor has been increasing as time went by. Do ...

“When you DIE, there’s no more Bank Secrecy” – Kim Henares, BIR Commissioner once said, according to the report of BusinessWorld Online about three years ago. More recently, the same guy had said that “Relaxed Bank Secrecy Law soon a global standard”. In that recent news, Commissioner Kim confirmed that the government has been planning to repeal the Republic Act 1405 known as the Bank Secrecy Law of the Philippines although it is not yet their priority. The Philippine government seemed serious in searching and going after those individuals who are deliberately evading taxes – this time it is on Estate Taxes. For many years, the Bank Secrecy Law has been the great vehicle for concealing the true value of an individual’s wealth in Cash. For many years, this Law has also been of great help and an avenue of transferring wealth to the heirs unnoticed by the Tax man. However, over the time, there has always new Laws, Acts, amendments, decrees and so on that weakens the teeth of prior Laws....

We've just arrived at our destination after around 6-hour drive from our hometown, General Santos city. We are here now in one of the remote communities of the mountainous part of Compostela Valley province. As we arrive, we were into meeting with our relatives and into chatting given that we've not seen them for quite a while. I really missed the kind of life here. I used to grow up in a community where there were no electricity and water were literally being fetched from the spring and hauled to every household. However a lot has changed already: Families here don't have to fetch water anymore because reservoir has been built and water hoses run to every household and thus faucets are now being installed in kitchen, restrooms, etc... But the province has been experiencing drought for a couple of months and the situation has affected the water supply of the community. Water supply here right now is occasionally available during the morning and for only a few hou...

On June 19, 2013 issue of the Philippine Inquirer – on it's Business Section's Headline says “Gov't Plans Inflation-Linked Bonds”. The news further said that aside from issuing this type of bond, the government also plan to borrow USD 2Billion from overseas:50% from Multilateral Lenders like the World Bank and the other half through Global Bond Issuance. All of these plans, according to that report will cover the 10th of the government's funding needs. Another point that these things have to be is to take advantage of the credit rating upgrade which means the Philippine government will enjoy low interest rate of its borrowings. This is pretty good for the government but subtly bad to you and me as an individual. Upfront, these initiatives will of course create jobs, finance government projects such as farm to market roads, buildings, bridges, etc,... However, unfamiliar, misunderstood side effects will fall upon individuals who already have jobs, savings ...

LiveJournal Tags: Philippine Stocks , Philippine Economy , Money devaluation , Inflation , Price Increase Turbulences such as shocks, bumps & shakings are almost inevitable things to experience in each of our lives. These are aspects we need to face on, as long as we are breathing. However there are shocks and shakings that can be detrimental, destructive and fatal such as high intensity quakes that may knock down buildings and bridges. They are not frequent though. So, why in the world do you think engineers and builders do care enough to lay down  a solid foundation for their structures? Spend much money, time in planning and engineering for this foundation? Intensive quakes happen very rare or maybe not in some places. I think you knew your answer. Then why on earth when it comes to people’s Personal Economy, plenty of us doesn’t care enough building a solid Financial Foundation? or doesn’t even care whether the ground where they build their finances is stable from withi...

It Can Either Work FOR you or Work Against You. One morning a few days ago, my wife was disappointed to see the outer sole of her shoes stripped off again just a day after she fixed it with rubber cement. As I take look at it later, I found out that the way she applied the rubber cement was improper – the surface was not cleaned well before applying and she did not allow to let it dry first before gluing the surface together. That was why the optimum and desired result of the fix was not attained, although rubber cement has been known and tested to be an efficient rubber adhesive. Well, a lot of things around that if used properly will make our life easier and better or even saves us energy and resources. However, no matter how effective and usable a thing would be if it is used improperly and messed up with it, that “useful” thing may cause us trouble or problem which may lead to disappointment, stress and dismay. The same is true with our “Paper Money” – the “money” we per...

We are generally governed by natural laws like cause & effects, sowing & reaping, etc…but in our recent time, there are many things invented that can be controlled and manipulated according to our preference. A lot of them had been successful and efficient such as our cars, appliances, and so on and so forth. Same is true with this modern economy – It has been invented, created and now evolved into a complex structure that needs to consider several policies, measures and controls in order to achieve growth and sustain it i.e. manipulating these inputs will determine the future of any economy. However, how does this form of mechanism appear when it comes to its long-term effectiveness? I can recall the pages of history of the worst nuclear accident in Ukraine in April 26 of 1986 – the Chernobyl disaster that as they conducted the test of their cooling pump whether it can function still with low power in case the auxiliary electricity supply should fail. They started the...