Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
The Tourism Promotions Board (TPB) Philippines, the marketing and promotions arm of the Department of Tourism (DOT), is set to boost tourism in the Philippines as it simultaneously mounts the Philippine Travel Exchange (PHITEX) and MICE Buyers Invitational (MICECONnect) 2019 on October 20 to 27 to promote the Philippines as a prime tourist destination for…
“The law says that bankruptcy is nothing more than a fresh financial start when you are no longer in a position to help yourself.” A LOT of people who are contemplating bankruptcy as a solution to their debt problems often wonder if it can be avoided at all. They fear that they might be making…
Exchange-Traded Funds versus Mutual Funds Part 1 of 2 YOU have two options to diversify your stock portfolio: exchange-traded funds (ETFs) and mutual funds. Both involve pooling money that becomes part of a big fund invested in a mix of different assets. Depending upon the mutual fund or ETF you buy, you can gain exposure…
THERE’S a time to be born and a time to die, a time to plant and a time to harvest. There’s a time for everything. So states Ecclesiastes 3: “For everything, there is a season, a time for every activity under heaven… A time to kill and a time to heal; a time to tear…
Q: AFTER I came back from a two-month medical leave, my employer told me that my position was eliminated. However, I heard from a former coworker that the employer hired a person to replace me. Was I wrongfully fired? Can I still file a claim, considering that the firing occurred 11 months ago? A: The…
SACRAMENTO – Delivering a big victory for California workers and consumers, Governor Gavin Newsom on Sunday, October 13, signed SB 707, jointly authored by Senator Bob Wieckowski (D-Fremont) and Senate Majority Leader Bob Hertzberg (D-Van Nuys), to deter companies that have forced their customers and employees into arbitration from obstructing the process by refusing to…
SACRAMENTO – Recognizing California’s decisions to build the state’s fiscal reserves and pay down long-term liabilities, as well as continued economic growth, a major credit agency – Moody’s Investors Service – has upgraded California’s outstanding general obligation bonds to Aa2 from Aa3. The agency has also upgraded the rating on the state’s outstanding lease debt,…
By 2022, the initiative will retrain 3,000 workers and develop 500 manufacturing pre-apprenticeships and apprenticeships LOS ANGELES — On Tuesday, October 15, Mayor Eric Garcetti announced LA MADE 4.0 — a partnership between the City of Los Angeles, Goodwill Southern California, the UCLA-based Clean Energy Smart Manufacturing Innovation Institute (CESMII), and the USC Viterbi School…
MAKATI, Philippines – The third annual Dot Property Philippines Awards 2019 was the biggest, grandest and most exciting in the program’s history with an exclusive presentation ceremony and the awarding of the very first People’s Choice Award for “Project of the Year” among the highlights. The Peninsula Manila welcomed real estate’s best with more than…
EXCHANGE-Traded Funds (ETFs) are created from the concept of pooled fund investing. ETFs buy a basket of securities for a pool of investors. These baskets offer benefits of a diversified portfolio. In other words, the pooled fund concept benefits from economies of scale, allowing managers to decrease transaction costs through large transactions with pooled investment capital….
Filipino fast-food giant Jollibee Foods Corporation (JFC) was honored as corporation of the year by the Los Angeles Asian Business Association on Thursday, October 10. JFC, with its flagship brand Jollibee, was recognized for being “one of the largest and fastest-growing Asian restaurant companies in the world” during the ABA’s 43rd annual awards banquet held…
DARREN Stemple worked as a “Business Development Representative” for RingCentral, Inc., a company which sells cloud-based telecommunications systems such as video and audio conferencing, and business app integration software. Its clients include healthcare, finance, real estate, retail stores, and enterprises all over the country and the world. Stemple’s main duty was to cold-call potential buyers…
ARE you currently struggling with debt problems and don’t know what to do? To most people, finding themselves in that situation is pretty scary. They constantly worry about their finances and wonder whether they will ever be able to get out of the financial mess that is causing them a lot of stress. But what…
ACCUMULATING debt is the easiest thing you can do in America. Even your dog can get credit cards with a fake social security number. If you are an immigrant and have just arrived, you will have no history of credit here. Chances are that in your country of origin, you probably had no credit card…
WHAT is an ETF? An ETF is a basket of securities that you can buy or sell through a brokerage firm on a stock exchange. Just like a stock, an ETF has a ticker symbol and intraday price data can be easily obtained during the course of the trading day. It allows you to access…
ELECTED officials, U.S. Bank representatives and many community members gathered on Wednesday, October 2 to announce the upcoming 20th Annual Asian Small Business Expo. The Asian Pacific Islander Small Business Program (API SBP) is hosting the Expo, which will be held on Saturday, October 19, from 9:00 a.m. to 1:00 p.m. at the Quiet Cannon…
THE Japanese created Godzilla a long time ago. It’s a gigantic T-Rex on steroids that destroys Tokyo and the rest of Japan until someone comes to the rescue and kills it with nukes. Mr. Honda, the author, created the concept of Godzilla as a metaphor for the atomic bombs in 1954 when Hiroshima and Nagasaki, which were the recipients of…
NICHELLE Duffey worked as an in-home caregiver for Tender Heart Home Care Agency, LLC, a placement agency for caregivers. Duffey signed an agreement with Tender Heart stating that she is an “independent contractor” and “is in the business of providing care giving services in dwellings…” Rate sheets attached to the contract between Duffey and Tender…
ARE your growing debts starting to cause you sleepless nights? Are you trying hard to pay what you can every month but feel like you’re just running on a treadmill and not getting anywhere? Do you worry about your finances all the time and never have enough no matter how hard you work? If it’s…
LAS VEGAS — The United States Professional Tennis Association held its Awards Lunch this past Wednesday during the 2019 USPTA World Conference presented by Havana Bob’s at the Westgate Las Vegas Resort & Casino. Alex Marcial of West Covina, Calif., was presented with the 2019 USPTA Star Award. The USPTA Star Award is presented annually…
A new generation of tycoons entered Forbes magazine’s 2019 Philippines Rich list on Wednesday, September 25, with the children of late tycoon Henry Sy nabbing the top spot with their combined net worth of $17.2 billion. The Sy siblings — Teresita (Sy-Coson), Elizabeth, Henry “Big Boy” Jr., Hans, Herbert, and Harley — replaced their father…
Q: I am a full-time hourly employee. While we were told that we have a 30-minute unpaid lunch break every day, we usually cannot take breaks due to the heavy workload. But the employer still deducts 30 minutes for lunch from our work hours. Is this legal? A: No. If you did not take your…
CLIENTS are seniors. Wife is 67 and had just retired from a lifetime of being a registered nurse. She has social security benefits of $2100. Husband is 67 and has social security of $700. So together, they have social security of $2,800. They don’t own a house. They live with their daughter and they pay…
DIVERSIFICATION – investing in different stocks in different sectors – avoids that old danger zone of putting all your eggs in one basket. Loading up on just one stock puts you at great risk. Let’s discuss diversification and three different approaches to diversification for different types of investors. 1. Passive method: Buy market indexes or mutual…
PHILIPPINE fast food giant Jollibee Foods Corp. (JFC) has completed its $350-million acquisition of American beverage and food retailer Coffee Bean and Tea Leaf (CBTL), marking it as the company’s largest acquisition to date. Jollibee on Tuesday, September 24, disclosed to the Philippine Stock Exchange (PSE) that it has completed all the necessary closing conditions…
“Trojan Horse.” That’s what opposition senator Leila De Lima on Friday, September 20, called the signed agreement between the Armed Forces of the Philippines (AFP) and China-led Mislatel Consortium, now called Dito Telecommunity. “Any time now, this Trojan Horse will be knocking on the gates of different facilities and expose our other vulnerabilities,” she said…
ARE you always worried about not having enough money for yourself and your family no matter how hard you work? Do you live paycheck to paycheck with no savings? Is the problem why your income is never enough is the fact that you have gotten yourself in a situation where you are simply drowning in…
Time Out magazine highlights Filipino cuisine option in one of LA’s up-and-coming areas In the last two decades, Angelenos have lamented gentrification’s impact on the erasure of the historic local color that has raised rents and kicked out residents who’ve lived in certain neighborhoods for decades. Among the neighborhoods on the cusp of that societal…
THE Coalition filipino American Chambers of Commerce (COFACC) welcomed Philippine Ambassador to the United States, H.E. Jose Manuel “Babe” Romualdez, during an exclusive luncheon at the Diamond Bar Golf Club last Sunday, September 15. On hand were the Founding Board of COFACC, the Executive Board which consists of all the incumbent Presidents of affiliated Chambers of…
RON Carter worked for XPO Last Mile, Inc. (“XPO”) as a delivery driver. XPO provides delivery services to retail merchants like Home Depot, Lowe’s, and Macy’s. These companies contract with XPO to provide delivery and basic installation of newly purchased appliances, and removal of old appliances from their customers’ homes. Carter and drivers like him…
