Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
SACRAMENTO – California State Treasurer Fiona Ma announced the results of $706.6 million in revenue bonds for the Regents of the University of California (Regents). Proceeds of the $586.5 million 2023 Series BQ tax-exempt bonds and the $120.1 million 2023 Series BR taxable bonds will finance various capital projects overseen by the Regents including, but not limited…
IF you have an existing child support or spousal support obligation (court order) and your income decreases or even worst if you are laid off from your job causing a major loss of income, you may want to consider modifying your existing child and spousal support order. You are not automatically relieved from your obligation…
You may not be paid wages for all hours worked You may not notice, but some employers round down work hours and pay lesser wages for hours other than those recorded. The so-called “rounding down” practice occurs when employers reduces to the nearest 5 minutes, or one-tenth of an hour, or quarter of an hour….
THE Federal Trade Commission (FTC) charged that a business opportunity and coaching scheme bilked consumers out of tens of millions of dollars. The scheme grew on the back of baseless claims about how much money customers could make. The company behind the scheme, Automators, AI (formerly known as LLC, Empire Ecommerce and Onyx Distribution) promised to set…
Many reading this may be surprised to learn that domestic workers are not protected by the important workplace health and safety laws applicable to other California employees. A new law recently passed by the California State Senate, the Health and Safety for All Workers Act (SB 686) might soon change that. When the California Occupational…
There is never the perfect time to think about who you would like to inherit from your estate in case you pass away or at least who among your closest friends (BFFs) and family members are even deserving of inheriting from your estate. In doing so, you should also think about which vehicle you plan…
An independent assessment of the Makati Commerce Tower found that building achieves 22% lower electricity consumption and 58% lower water consumption from its operations compared to a similar non-green commercial property Standing superbly along Sen. Gil Puyat Avenue is the Philippines’ first and only LEED Platinum version 4.0 office building: the 37-storey Makati Commerce Tower….
Four women-led enterprises are all set to chart their transformative journeys to further their social causes, thanks to the cash grant and mentoring support from the InLife Negosyo Challenge. The women leaders of Panublix Innovations, Empath Corporation, HeySuccess Virtual Assistance Services, and Magwai talked about their learnings from the mentoring sessions, and their plans to…
Gina de Venecia, more known as “Manay Gina” to friends and supporters, was thrust into the spotlight when her husband, Jose De Venecia, became Speaker of the House of Representatives. With her husband’s position came her new role as the head of the Congressional Spouses Foundation Inc., where she was well loved, because of how…
UCC Holdings Japan Acquires Majority Shares of Allegro Beverage Corporation, Fostering Sustainability and Growth in the Philippine Coffee Industry Manila, Philippines – Ueshima Coffee Co., Ltd. (UCC) Holdings Japan, a global integrated coffee business, has unveiled a state-of-the-art showroom and headquarters for Allegro Beverage Corporation in Mandaluyong City. Allegro Beverage, one of the country’s largest…
Sen. Mark Warner, D-Virginia and co-chair of the Community Development Finance Caucus, joined a venture capitalist, a community leader, and a young entrepreneur July 14 to lay out the challenges and solutions for starting and growing small businesses in a post-Covid 19 environment. Over 33 million small businesses make up about 99.9% of businesses in…
The 11th Regional Travel Fair, organized by the Tourism Promotions Board (TPB) Philippines, made a triumphant return to full onsite event since the COVID-19 pandemic, generating over PHP 110 million in actual and negotiated sales during its three-day event at the SM Seaside City Cebu from 21-23 July 2023. This surpassed the previous RTF sales…
This is what I call a borderline Chapter 7 case with asset. Therefore, it is the better part of caution not to file Chapter 7 because the asset may be lost in Chapter 7, while Chapter 13 is safe enough because the Chapter 13 trustee, unlike the Chapter 7 trustee does not have the power…
Q: I WAS recently diagnosed with an illness that will require surgery and weeks of recovery. I’m worried about my job and someone suggested I should inform my employer and request accommodation so the “interactive process” can begin. What is the interactive process and what should I expect from it? A: In California, employers with…
Generally, in California, property acquired by a spouse prior to marriage is considered separate property under family code section 770 while those acquired after marriage are considered community assets under family code section 760. How do you characterize real property purchased prior to marriage but with the mortgage principal paid down using community income or…
IN the absence of a premarital agreement, the general community property presumption under California family code section 760 controls which provides “ ….all property, real or personal, wherever situated, acquired by a married person during the marriage while domiciled in this state is community property.” Family Code §760. This becomes a problem if you are…
Recent decisions from California courts remind us that California’s employee protections apply in this work-from-home era we’ve found ourselves in since Covid. When California issued its March 19, 2020 stay-at-home order due to the Covid-19 pandemic, IBM Corporation instructed its employees, including Paul Thai, to work from home. In order to accomplish their work duties,…
The Tourism Promotions Board (TPB), the marketing and promotions arm of the Department of Tourism (DOT), was recently honored with the National Tourism Initiative of the Year-Philippines award in recognition of its conduct of the 2022 Philippine Travel Exchange (PHITEX), the country’s largest government-organized travel trade event. The Gov Media Awards, presented by Gov Media Magazine…
Tanduay sold the most number of 9-liter cases in the global rum category to retain its number one position among the top ten rum brands in the world in terms of sales, according to England-based publication, The Spirits Business. The brand sold 27.4 million cases in 2022 compared to 23.6 million in the previous year,…
For family businesses, the founder is usually the backbone of the organization that keeps most things — if not all — in place, but what happens when the founder retires, becomes incapacitated, or passes away? Without a well-defined plan that extends beyond the founder’s capacity, the business and the livelihoods of its employees are put…
Los Angeles, CA — Hilton Los Angeles San Gabriel is pleased to announce that it will be hosting the highly anticipated 2023 Health Beauty and Wellness MegaMix Expo on July 27th. This exciting event, focusing on health, beauty, and wellness, promises to be a remarkable experience for guests, featuring over 100 vendors who will showcase…
I just finished attending the telephonic bankruptcy hearing with my client recently and am reminded of his bankruptcy saga over the last 12 years. Client is married and 82 years old. By any standard he’s a senior. The first time he and his wife who is ten years younger than he walked into my office,…
Q: I AM a trained electrician from the Philippines but I do not have a license here in California. I have worked on projects for my company for almost 5 years, but I haven’t been paid a lot of overtime. Other workers at the job site have the same problem. My company says that they…
THE Tayo Fellowship Program is excited to announce the selection of twenty-four Filipino American young leaders into its Summer 2023 cohort. Through the fellowship, Tayo Fellows will have the unique experience of contributing to the growing work of Tayo’s online misinformation and public health projects and spearhead the development of the Tayo Courageous Conversations Pilot…
Come and Catch Your Winnings! ROHNERT PARK – Graton Resort & Casino introduced a mobile app on June 30, which allows guests instant access to personalized offers and rewards and tracks funds for slot play. The app’s Resort Wallet™ is the first of its kind in Northern California, providing guests a truly cashless solution for…
by Annie Walters Social Security Public Affairs Specialist in Nevada Fraudsters will never take a break. While you are out enjoying fun and sun this summer, they are working hard to find new ways to scam you. Seniors and younger people are particularly vulnerable to scammers who claim to represent Social Security. To protect you…
When a married couple decides to divorce in California, one of the most significant issues they will face is dividing their assets and debts. If the couple owns a business together, this can be particularly complicated whether it is operated by only one spouse or both spouses jointly. In this article, we will discuss how…
The honest debtor is the only debtor who can get a discharge in bankruptcy. But who is an honest debtor? If we go by layman’s definition just to get an idea of who an honest debtor is, then the honest debtor is one who is in good faith when he files for bankruptcy. Of course,…
Courts protect identity of undocumented employee A recent decision from the California Supreme Court reminds us that employee protections found in California law apply to ALL employees, without regard for immigration status. In the case of People ex rel. Garcia-Brower v. Kolla’s Inc., a nightclub employee had complained to the owner that she was not…
ATTORNEY Maria Leonor “Leni” Robredo, former vice president of the Philippines and chairperson and president of Angat Buhay, will be the keynote speaker of the 22nd Biennial Grand Reunion and Convention (GRC), organized by the University of the Philippines Alumni Association in America (UPAAA). This year’s theme of “Engage, Empower, Excel” will also highlight other stellar…
