Pinoys send $11 billion annually from the US back home
With global remittances reaching the new highs the Philippines remains as one of the top recipients with more than $34 billion sent by Pinoys home globally. Nearly a third, $11 billion…
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
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Filing bankruptcy to eliminate debt while protecting assets
ONE common misconception people have is that if they file bankruptcy, they will lose everything that they’ve worked hard for. For this reason, a lot of people continue to suffer…
Redefining Cleanliness Amid The Coronavirus Pandemic
More than six months after the World Health Organization declared it as a pandemic, COVID-19 continues to ravage all corners of the Earth, posing an unprecedented challenge to public health…
Stock winners in a Biden presidency
THE projected Democrat Blue Wave did not materialize as Republicans kept control of the Senate. This limits what President-elect Joe Biden can do. It restrains his ability to significantly increase taxes…
Does employer need to know your medical condition to accommodate you?
Q: I WAS diagnosed with herniated disc and severe anxiety. I want to request leave but want to keep my privacy at work. Do I need to tell my employer…
Pfizer’s COVID vaccine & your mortgage rate
by Martin Santiago, Broker-Associate ON Nov. 9, Pfizer announced that early clinical trial data on the coronavirus vaccine it’s developing with German partner BioNTech shows that its cocktail is more than 90%…
Client needs Chapter 13 relief for $36K taxes, $80K unsecured debt
THE client is 50 and single but has a cousin who lives with him. The cousin has been employed on and off and has lived with him for 10 years….
The future of gig work after Prop 22
Independent contractor status harm most workers With nearly $200 million in funding from app-based companies like Uber and Lyft, California’s Proposition 22 was voted into law by Californians. It is…
Do you want to get out of debt and start fresh in 2021?
ARE you sick and tired of being in debt and having bad credit? Do you want to start over but simply don’t know where to begin? Is filing bankruptcy an…
Time worked by employees though unproductive to employer must be paid
Commission-based employees owed for non-sales work STEVE Johnson and Scott Scollitt worked as mortgage loan originators for U.S. Bank National Association. These employees sued their employer for unpaid wages and…
New retiree chooses Chapter 7 fresh start to wipe out $45K credit cards
THE client just turned 67 and has been working for 40 years at a job that pays him $70K a year. He retired two months ago so he doesn’t make…
NDC/NAAC founder Faith Bautista joins eCredable advisory board
Champion of credit-challenged minorities views eCredable Lift as powerful tool in the fight to address the ‘credit invisible’ challenge FAITH Bautista, the founder and CEO of both the National Diversity…
Filing bankruptcy when faced with the unexpected
MANY people find themselves in the position of facing overwhelming debt, with constant calls from creditors and no obvious way out. For some, job loss sent them into a downward…
Best car concepts at the Las Vegas CES
THE biggest electronics convention in the world has traditionally been confined to gadgets of the future but the 2020 Consumer Electronics Show in Las Vegas featured exciting new cars –…
3 different Chapter 7 cases
FAMILY of 3: $40,000 credit cards owed Client no. 1 is so young. She is in her late 30s. I remember when I was that young —a young lawyer with…
The rights of employees working in private households
The overtime compensation for ‘live-out’ employees is computed in the same way as that of a regular non-exempt employee who works in other occupations. This means ‘live-out’ household employees must…
Kumon math & reading centers rise to #7 in Entrepreneur’s Top Global Franchises ranking
Kumon is an after-school math and reading enrichment program that unlocks the potential of children ranging from preschool (age 3) to high school so they can achieve more on their…
99 Ranch Market expands grocery delivery with Instacart
The new service kicked off on October 29 in stores nationwide BUENA PARK, CA – To serve customers more seamlessly and to further scale up its e-commerce channels, 99 Ranch…
Island Pacific celebrates Filipino American History Month with mask initiative
October is a busy month for the Filipino American community as it celebrates Filipino American History Month. There are many opportunities at Island Pacific Supermarket, as well as community wide…
Superfast 5G for cellphones at the Las Vegas CES
There’s been a buzzword in cell phone speeds: 5G. Just what is meant by 5G? Our Asian Journal crew found out some valuable data at the latest Consumer Electronics Show…
Worried about your debt problems during the pandemic?
FIRST of all, you are not alone. I just read the news today and experts are warning us again about expected spikes in COVID cases for the rest of the…
Reimbursement for business expenses while working from home due to COVID-19
Q: WHEN California’s Safer at Home Order took effect in March 2020, I and my co-workers were instructed to work from home. Since then, I have had to buy a…
Clients seek to discharge $100K and $30K credit cards
Qualify for different chapters of bankruptcy code Most debtors prefer to have a Chapter 7 wipe out of debt. This is called a fresh start without debt. Most debtors who…
This Company is Helping Communities Create ‘SafeZones’
CerarMist brings to you the next generation of surface sanitizers and protectants which enables the public and private sector to respond to the unique set of challenges brought on by…
PH among highest in online piracy in Southeast Asia
The Philippines engages in online piracy more than neighboring countries like Indonesia and Malaysia, according to a new study of the online content viewing behaviour of Filipino consumers. The survey,…
PH among top 10 in worldwide telco investments
The Philippines is among the top 10 countries in the world when it comes to investments in telecommunications, according to the Institute of Management Development’s (IMD) World Competitiveness Center. In…
Survey: Facebook greatest source of coronavirus disinformation
Out of all the social media platforms available, Facebook is the “most prolific enabler” of disinformation about the coronavirus pandemic, according to a recent international survey among journalists. The “Journalism…
With improved gains, Abacore optimistic about long-term prospects
Investment holding firm Abacore Capital Holdings is optimistic that Batangas, one of the country’s fastest-growing provinces, will continue its economic growth in the years to come as they have seen…
Mortgage rates hit new low
by Martin Santiago, Broker-Associate THE average 30-year fixed mortgage rate fell to 2.81% from 2.87% last week, Freddie Mac said in a Thursday release. The reading is the lowest in…
Robots at the Las Vegas Consumer Electronics Show
SOME of us feel anxiety over robots taking over our jobs. Yes, they can take over repetitive chores, but let’s view them as helpers to release us from boring repetitive…