Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
No shopping experience in Japan is complete without going to Mitsukoshi, the oldest surviving department store chain in Japan. The long-standing retail institution is known to discerning shoppers and travelers all across the globe for offering an elegant array ofinternational and local merchandise, and for taking to heart Japan’s unique brand of customer service. Filipino shoppers will…
Forbes magazine on Tuesday, April 2, named four Filipinos belonging to the “30 Under 30 Asia” list, featuring 300 young people who excel in 10 categories hailing from 23 countries and territories in the Asia-Pacific region. The said Filipinos who made it to the fourth annual list of the American magazine are Earl Patrick Forlales,…
LG Electronics, in keeping with its tradition of giving back to the community, recently paid a visit to The House of Hope in Davao. The House of Hope Foundation, located inside the Southern Philippines Medical Center compound (SPMC), is a charitable group that provides temporary shelter to children with cancer. SPMC is the only hospital…
ANAHIT Shirvanyan, 63 years old, worked as a kitchen staff at Los Angeles Valley College (LAVC), a licensed childcare facility in Van Nuys, CA, which is part of the Los Angeles Community College District. After several years of work for LAVC, Shirvanyan began experiencing pain in her right hand and arm. This was due to…
WHEN I say the client is young, I mean she’s in her 20s. She is married and has a toddler son. Before becoming a mother, she was working full-time and earning about $60,000 a year. That’s a good salary for a young person. So how did she rack up so much credit card debt? Wait,…
QUALIFIED tuition plans (referred to as Section 529 plans) are established to help families save for college education in a tax-advantage way. These plans are sponsored by states, state agencies, and educational institutions and are authorized by Section 529 of the Internal Revenue Code. They are designed to encourage saving for future education costs. Funds are contributed and…
YOU may not like what I have to say in this article. But oftentimes, the truth hurts. But if you find yourself broke every payday because of too much debt, you may find the information here helpful to change your life for the better. Did you know that more than 90% of the population lives…
Chicago, Illinois – The Philippine Consulate General in Chicago lauded the United States business delegation from Iowa that successfully conducted a trade mission to the Philippines on 20-23 March 2019. The mission was organized by the Iowa Economic Development Authority (IED) and led by International Marketing Manager for Asia/Pacific Trade Promotion Programs Joseph A. Rude…
“Just one more episode” — it’s something we whisper to ourselves to resist ending a Netflix binge-watch, despite the clock ticking or other responsibilities calling. There are several factors that allow us to succumb to the continuous entertainment on the platform, from captivating content to no interruptions from advertisements. But perhaps a component we take…
QUOTE FROM ERNEST: “We at Globe would like to support this (tourism) industry because this industry needs a lot of updating in terms of the digital world. Digital is changing how thing are done. Aside from promoting, there’s infrastructure that we need to bring. I was personally involved in helping a resort owner in Busuanga,…
Even with more women joining the workforce, studies have shown that a bulk of the housework is still relegated to the women. This is known as “the second shift”, where the family structures are still holding on to traditional roles in gender equality with regard to the chores that the women are still expected to…
1. Changes to the kiddie tax: The Tax Cuts and Jobs Act (“Act”) simplifies the old convoluted computations using tax data of other taxpayers – parents and siblings. The kiddie tax applies to children under age 19 and college students under age 24 who have unearned income over $2,100. Unearned income can means dividends, capital…
SOMETIMES debtors cannot decide whether they should seek debt relief through Chapter 7 wipeout of all dischargeable debts or consolidation and reorganization through a Chapter 13. They usually ask me what they should do in their financial situation. I know after handling thousands of bankruptcy cases in the last 30 years, debtors are often depressed…
Q: AFTER12 weeks of medical leave for a surgery, I told my employer I could not go back to work yet. One day after I was supposed to be due back at work, I was fired. HR told me the company had a strict 12-week leave policy and employees not able to return to work…
Apart from ensuring that one’s vehicle is well-maintained and equipped with emergency kits and tools, part of the fun of owning a car is the variety of upgrades and accessories that are meant to further enhance one’s riding experience. Good thing for car owners, this year’s Manila International Auto Show (MIAS) is intent on having…
1. Personal exemption eliminated: The Tax Cuts and Jobs Act (Act) eliminated personal exemption deductions for yourself, your spouse, or your dependents beginning with your 2018 tax returns (to be filed in 2019). 2. Standard deduction increases: The standard deduction amount nearly doubles for all filers for 2018 to $12,000 for single and married filing separately, $24,000…
“Obviously, something else will now have to be chopped off. The credit cards have to be chopped off to free them of having topay $1400 a month. Anyway, they have paid this minimum of $1400 for the last 10 years.” CLIENT is 72. He still works his normal job and makes about $3K a month….
THE U.S .Women Soccer Team (“Women’s Team”) has won a record three World Cup championships, four Olympic gold medals, and many other international competitions. It is the three-time winner of the U.S. Olympic Committee’s Team of the Year Award and has been Sports Illustrated’s Athlete of the Year. It is currently ranked number one in…
“ This means that most of what you are paying goes to interest alone and you may be stuck in debt for the rest of your life.” WHEN people think of bankruptcy, oftentimes they think of the worst thing that could happen to them- losing their home, cars and other assets that they have. The…
For its 24th year, the World Building and Construction Expo, or simply WORLDBEX 2019, is setting the benchmarks higher with another groundbreaking trade presentation. Armed with the grit to usher in “A World Built Bolder”, this year’s show pays tribute to industry leaders who have boldly dedicated their craft in improving communities throughout the country….
A recent Social Weather Stations survey (SWS) on Wednesday, March 13, revealed that the number of adult Filipinos who use the internet rose to 47 percent last quarter, a six-point increase from 41 percent in September 2018. Adult Filipinos aged 18 to 24 use the internet the most at 88 percent, followed by ages 25…
“The debtor gets to keep most, if not all of his assets, including the house, furniture, cars, retirement accounts, bank deposits etc., subject to qualifying under a system of asset exemption.” AS you probably are aware of, an individual can file either Chapter 7 or Chapter 13 under the bankruptcy code when he or she…
To promote the Philippines’ health and wellness industry and put the country on the health and wellness tourism map. This is the underlying objective of the Health and Wellness Conference and Expo that will be held at the SMX Convention Center on April 26-28, 2019. With the theme, “Journey to a zestful life!”, this three-day…
President spokesman Salvador Panelo responded to criticism surrounding his comment about alleged wiretapped intelligence reports from foreign governments, by saying that it was a mere “educated guess.” The spokesperson and chief legal counsel said that his claim was “an educated guess on what is happening in the world today. Countries whose survival depends on measures…
CEBU – After months of rigorous preparations, it is all systems go for the Philippine hosting of the prestigious Routes Asia 2019 according to the Department of Tourism (DOT). This year, the Province of Cebu will play host to Routes Asia 2019, the marquee route development event dedicated to the Asia Pacific region with the DOT…
JACQUELINE C. worked as a caregiver for ABC Senior Care at its facility in Ventura, California. She was assigned to care for only one patient who lives at the facility. Ginnie P. worked as a Certified Nursing Assistant/Caregiver for an ABC Senior Care facility in Los Angeles, California. She was assigned to work caring for…
1. Mortgage Interest: The Tax Cuts and Jobs Act (TCJA) limits mortgage interest on loans used to acquire a principal residence and a second home debts up to $750,000 (down from $1 million) starting with loans taken out in 2018. The Act eliminates deduction for interest on home equity loans, regardless of when the debt…
Following the success of its 23rd edition, the Philippine World Building and Construction Exposition (WORLDBEX) is gearing up to showcase a newer, better, and bolder installment this 2019. Intent on championing sustainability and innovation as the benchmark of excellence, this year’s WORLDBEX aims to forge “A World Built Bolder”. The upcoming show aims on bringing…
Forbes Magazine named real estate tycoon and self-made billionaire Manuel Villar Jr. as the Philippines’ richest man as he topped the country’s list and ranked 317th among the 2,153 global billionaires on its list. The 69-year-old former politician was the first wealthiest man in the country of purely Filipino descent. Villar was among the 17…
ON a Saturday morning in January, 92 Filipina women congregated at the backyard of a hillside home east of downtown Los Angeles for a half-day business and wellness retreat. They spread out their yoga mats, where they would spend the next two hours being led through an opening ritual by an albularya (a traditional folk…
